市场调查报告书
商品编码
1451315
乙二醇市场报告(按产品(单乙二醇、二乙二醇、三乙二醇)、製造流程、应用、最终用途产业和地区 2024-2032 年)Ethylene Glycol Market Report by Product (Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol ), Manufacturing Process, Application, End-Use Industry, and Region 2024-2032 |
2023年全球乙二醇市场规模达到464亿美元。展望未来, IMARC Group预计到2032年市场规模将达到663亿美元,2024-2032年复合年增长率(CAGR)为3.9%。由于聚酯和PET 生产中产品利用率的不断提高、汽车工业的快速扩张、各种工业应用中产品的广泛使用、重大技术进步以及对非离子表面活性剂的需求不断增长,推动了市场快速成长。
市场成长与规模:在各产业产品采用率不断提高以及新兴经济体产品需求不断增长的推动下,市场正在稳定成长,导致全球产能扩张。
主要市场驱动因素:影响市场成长的主要驱动因素包括聚酯纤维需求的增加、汽车工业的扩张、重大技术进步以及非离子界面活性剂产品利用率的提高。
技术进步:生产流程的最新创新,带来了更有效率、更具成本效益的方法。此外,生物基乙二醇的发展正在支持市场成长。
产业应用:市场对聚酯生产、汽车冷却剂、石油和天然气、医疗应用以及塑胶产业原料的产品需求很高。
主要市场趋势:主要市场趋势涉及向永续和环保产品的持续转变,影响对生物基乙二醇的需求。此外,纺织和汽车行业的快速工业化和扩张正在推动市场成长。
地理趋势:亚太地区因其蓬勃发展的纺织和工业部门而引领市场。在技术进步和严格的环境法规的推动下,其他地区也出现了显着增长。
竞争格局:市场的特点是主要参与者专注于产能扩张、研发 (R&D) 和永续发展措施。此外,他们还进行策略合作、併购和收购,以增强市场占有率并实现投资组合多元化。
挑战与机会:市场面临各种挑战,例如原材料价格波动以及与传统生产方法相关的环境问题。然而,生物基替代品的开发和新兴市场的扩张正在为市场成长创造新的机会。
聚酯和 PET 树脂生产中的产品利用率不断提高
聚酯生产中对乙二醇的需求不断增长是推动市场成长的主要因素。聚酯纤维是由乙二醇和对苯二甲酸衍生的合成纤维。由于其耐用性、抗皱性和经济性,它被广泛应用于纺织工业。此外,聚对苯二甲酸乙二醇酯(PET)树脂的合成以及食品和饮料(F&B)行业中用作包装材料的薄膜的广泛使用正在推动市场成长。此外,在城市化进程加快和消费者生活方式改变的推动下,包装商品消费不断增长,导致对 PET 的需求激增,正在加强市场成长。
汽车工业快速扩张
乙二醇在汽车工业中广泛用作防冻剂和冷却剂,这有助于市场成长。汽车产业严重依赖乙二醇来製造散热器冷却剂,因为乙二醇具有高沸点和低凝固点等特性,可确保引擎在不同温度下达到最佳性能。此外,不断成长的汽车产业,特别是在新兴经济体,直接增加了对乙二醇的需求,并支撑了市场成长。此外,电动车(EV)产量的不断增长(乙二醇用于电池和其他电子元件的冷却系统)对市场成长产生了积极影响。此外,由于越来越多地转向永续和生态友善交通,电动车的广泛采用正在推动市场成长。
产品广泛应用于各种工业应用
乙二醇在各行业都有多种应用,为市场成长做出了重大贡献。它用作生产防冻剂配方和液压油的原料,以及冷却系统中的热传导介质。此外,它作为溶剂在油漆和塑胶行业的应用正在推动市场成长。此外,由于乙二醇的低挥发性和吸湿性等化学特性,乙二醇在皮革行业的鞣製工艺和电子行业的电容器製造中得到广泛利用,正在推动市场成长。除此之外,这些领域不断的创新和技术进步,为乙二醇创造了新的应用,正在推动市场的成长。
快速的技术进步
乙二醇应用和生产的技术进步在市场成长中发挥关键作用。与此一致的是,生产流程的创新,带来更有效率、更具成本效益和环境友善的乙二醇合成方法,正在推动市场成长。此外,催化和製程优化的最新发展可以提高产量并减少能源消耗,使生产更加永续和经济可行,对市场成长产生正面影响。此外,最近的技术进步使得利用生物质等可再生资源来生产生物基乙二醇成为可能,这有利于市场的成长。除此之外,日益增长的环境问题和旨在减少碳足迹的严格监管政策正在推动市场成长。
对非离子界面活性剂的需求不断增长
乙二醇是製造非离子界面活性剂的成分,非离子界面活性剂在洗涤剂、乳化剂和润湿剂等各种产品中至关重要。非离子界面活性剂由于其稳定性和非反应性,在许多工业和消费品中受到青睐。它们广泛应用于家用清洁剂、个人护理配方以及工业应用,例如食品工业、农业化学品和纺织加工中的乳化剂。此外,消费者消费能力的提高、城市化以及卫生和清洁意识的提高正在加强市场的成长。除此之外,表面活性剂化学的技术进步导致新配方和改进配方的开发,对市场成长产生了积极影响。
The global ethylene glycol market size reached US$ 46.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 66.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. The market is growing rapidly driven by the increasing product utilization in polyester and PET production, rapid expansion of the automotive industry, widespread product utilization in various industrial applications, significant technological advancements, and rising demand for non-ionic surfactants.
Market Growth and Size: The market is witnessing stable growth, driven by the increasing product adoption in various industries and rising product demand in emerging economies, leading to an expansion in production capacities across the globe.
Major Market Drivers: Key drivers influencing the market growth include the increasing demand for polyester fibers, expanding automotive industry, significant technological advancements, and rising product utilization in non-ionic surfactants.
Technological Advancements: Recent innovations in production processes, leading to more efficient and cost-effective methods. Additionally, the development of bio-based ethylene glycol is supporting the market growth.
Industry Applications: The market is experiencing high product demand in polyester productions, automotive coolants, oil and gas, medical applications, and as a raw material in the plastic industry.
Key Market Trends: The key market trends involve an ongoing shift towards sustainable and eco-friendly products, influencing the demand for bio-based ethylene glycol. Additionally, rapid industrialization and expansion in the textile and automotive sectors are bolstering the market growth.
Geographical Trends: Asia Pacific leads the market due to its booming textile and industrial sectors. Other regions are also showing significant growth, fueled by technological advancements and stringent environmental regulations.
Competitive Landscape: The market is characterized by the involvement of key players that are focusing on capacity expansion, research and development (R&D), and sustainability initiatives. Additionally, they are engaging in strategic partnerships, mergers, and acquisitions to enhance market presence and diversify portfolios.
Challenges and Opportunities: The market faces various challenges, such as volatility in raw material prices and environmental concerns related to traditional production methods. However, the development of bio-based alternatives and the expansion into emerging markets are creating new opportunities for the market growth.
The increasing product utilization in polyester and PET resin production
The growing demand for ethylene glycol in polyester production is a primary factor driving the market growth. Polyester is a synthetic fiber derived from ethylene glycol and terephthalic acid. It is extensively used in the textile industry due to its durability, wrinkle resistance, and affordability. Furthermore, the widespread product utilization in the synthesis of polyethylene terephthalate (PET) resins, and films that are employed in the food and beverage (F&B) industry as a packaging material is bolstering the market growth. Additionally, the rising consumption of packaged goods, driven by increasing urbanization and changing consumer lifestyles, leading to a surge in the demand for PET, is strengthening the market growth.
Rapid expansion of the automotive industry
Ethylene glycol is widely utilized in the automotive industry as an antifreeze and coolant, which is contributing to the market growth. The automotive industry relies heavily on ethylene glycol for manufacturing radiator coolants due to its properties, such as high boiling point and low freezing point, which ensure optimal engine performance in varying temperatures. Furthermore, the growing automotive sector, particularly in emerging economies, which directly increases the demand for ethylene glycol, is supporting the market growth. Additionally, the rising electric vehicle (EV) production, where ethylene glycol is used in cooling systems for batteries and other electronic components, is positively influencing the market growth. Moreover, the widespread adoption of EVs, owing to the increasing shifts towards sustainable and eco-friendly transportation, is driving the market growth.
Widespread product utilization in various industrial applications
Ethylene glycol finds diverse applications in various industries, contributing significantly to the market growth. It is used as a raw material in the production of antifreeze formulations and hydraulic fluids and as a medium for heat transfer in cooling systems. Furthermore, its application as a solvent in the paint and plastic industries is boosting the market growth. Additionally, the widespread utilization of ethylene glycol in the leather industry for tanning processes and in the electronics industry for manufacturing capacitors, owing to its chemical properties, such as low volatility and hygroscopic nature, is bolstering the market growth. Besides this, the ongoing innovation and technological advancements in these sectors, creating new applications for ethylene glycol, are fueling the market growth.
Rapid technological advancements
Technological advancements in the application and production of ethylene glycol are playing a pivotal role in the market growth. In line with this, innovations in production processes, leading to more efficient, cost-effective, and environmentally friendly methods of ethylene glycol synthesis, are boosting the market growth. Furthermore, recent developments in catalysis and process optimization that can increase yield and reduce energy consumption, making production more sustainable and economically viable, are positively influencing the market growth. Moreover, recent technological advancements that are enabling the production of bio-based ethylene glycol using renewable sources, such as biomass, are favoring the market growth. Apart from this, the growing environmental concerns and stringent regulatory policies aimed at reducing carbon footprints are driving the market growth.
Rising demand for non-ionic surfactants
Ethylene glycol is a component in the manufacturing of non-ionic surfactants, which are essential in various products like detergents, emulsifiers, and wetting agents. Non-ionic surfactants, owing to their stability and non-reactive nature, are preferred in many industrial and consumer products. They are widely employed in household cleaning agents, personal care formulations, and in industrial applications, such as emulsifiers in the food industry, agrochemicals, and textile processing. Furthermore, the rising consumer spending power, urbanization, and increasing awareness about hygiene and cleanliness are strengthening the market growth. Besides this, technological advancements in surfactant chemistry, leading to the development of new and improved formulations, are positively influencing the market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, manufacturing process, application, and end-use industry.
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Monoethylene glycol (MEG) accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the product. This includes monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG). According to the report, monoethylene glycol (MEG) represented the largest segment.
Ethylene Oxide
Coal
Biological Route
Others
A detailed breakup and analysis of the market based on the manufacturing process have also been provided in the report. This includes ethylene oxide, coal, biological route, and others.
The ethylene oxide process involves the reaction of ethylene oxide with water under high pressure and temperature, resulting in the production of ethylene glycol. The primary advantage of this method is its high efficiency and ability to produce ethylene glycol with a high purity level, which is crucial for applications in sensitive industries like food and pharmaceuticals.
Polyester Fiber
PET
Antifreeze and coolant
Film
Others
PET represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes polyester fiber, PET, antifreeze and coolant, film, and others. According to the report, PET represented the largest segment.
Oil and Gas Industry
Plastic Industry
Transportation Industry
Medical Industry
Textile Industry
Others
A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes oil and gas industry, plastic industry, transportation industry, medical industry, textile industry, and others.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest ethylene glycol market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Akzo Nobel N.V.
Ashland Global Specialty Chemicals Inc.
BASF SE
China Petrochemical Corporation (Sinopec Group)
Dow Inc.
Formosa Plastics Corporation
Huntsman Corporation
Ineos Oxide Limited (INEOS Holdings Limited)
Lotte Chemical Corporation
Lyondellbasell Industries Inc.
Reliance Industries Limited
SABIC
Shell plc