全球乙二醇（EG）市场：需求与预测分析（2018-2034）

全球乙二醇 (EG) 市场规模预计将大幅成长，从 2024 年的约 233 亿美元增至 2032 年的约 540 亿美元，2025 年至 2032 年的复合年增长率约为 5.9%。乙二醇需求的成长主要源自于其广泛的应用，尤其是在聚酯纤维、防冻剂和各种工业产品的製造中。聚酯产量的成长，尤其是在亚太地区，是推动这项需求的主要因素。由于下游产品新建生产设施的支撑，亚太地区仍是乙二醇最大的市场。

乙二醇由环氧乙烷与水反应生成。它主要有三种形式：单乙二醇 (MEG)、二伸乙甘醇(DEG) 和三乙二醇 (TEG)。其中，MEG 产量最广，主要用于生产聚酯材料，例如树脂、纤维和薄膜。超过 85% 的 MEG 用于聚酯生产，因此其需求与聚酯市场密切相关。

中国在全球乙二醇市场中扮演关键角色，消耗了全球一半以上的乙二醇供应。亚太地区占总需求的65%以上，主要源自于合成服饰对聚酯纤维的需求。北美和西欧也对全球需求做出了贡献。

供需

2024年，全球乙二醇产能将超过5,700万吨，较2016年大幅成长。亚太地区占全球乙二醇产能的60%以上。过去五年，乙二醇工厂平均运转率约76%，这得益于中国新增1,800万吨产能。未来五年，中国预计新增500万吨产能，使总合达3,150万吨。

2024年，全球乙二醇需求量将达到约3.6万吨，其中亚太地区将占75%以上。聚酯纤维产业的成长，以及对錶面活性剂和其他化学品的需求，将继续支撑市场成长。亚太地区，尤其是中国、韩国和印度，将引领市场扩张，年增率约4.8%。

贸易和市场动态

中国正采取措施增加乙二醇产量，减少进口。 2021年中国乙二醇进口量将下降20.1%，2024年将进一步下降10.9%。沙乌地阿拉伯是中国乙二醇的主要出口国，近年来平均供应量超过390万吨。到2024年，中国将占沙乌地阿拉伯乙二醇出口量的一半以上。加拿大和美国的出口量也较小。

欧洲生产商面临来自美国廉价乙烯进口的竞争，而美国则受益于更廉价的乙烷原料。美国需求疲软导致乙烯出口增加，挤压了欧洲生产商的利润空间。预计美国新增乙烯产能将进一步对市场造成压力。

当前市场趋势

2023年下半年，全球乙二醇市场面临供应过剩和需求下降的挑战。包装材料等下游产品市场仍低迷，但预计2023年初将出现復苏。依赖昂贵石脑油原料的欧洲和亚太地区受原油价格波动影响，而美国和中东则受惠于廉价乙烷原料。

市场正密切关注中国是否出现需求增加的迹象，但未来几年运作新增乙烯产能可能超过需求 9% 以上，进一步给市场带来压力。

欧洲也面临能源成本高企以及俄乌衝突带来的不确定性，对乙烯市场产生了负面影响。目前，欧洲乙二醇（MEG）价格非常低，由于通膨率上升，消费者试图节省开支，聚酯产品需求疲软。

儘管采取了进口关税来保护市场，但预计这些条件将使美国对欧洲的 MEG 出货量保持在较低水准。

主要企业

乙二醇市场的主要企业包括BASF、陶氏、壳牌、沙乌地基础工业公司、英力士氧化物、利安德巴塞尔、乐天化学、信实工业、台塑、中石化、萨索尔、西布尔-尼夫泰克迈、印度石油公司和印度乙二醇公司。 MEGlobal（EQUATE）是领先的製造商，在沙乌地阿拉伯、加拿大和美国的装置容量超过 3,200 千吨。

近期动态

沙乌地基础工业公司 (SABIC)、科学设计公司和林德工程公司合作探索利用新型二氧化碳捕获技术减少乙二醇生产过程中碳排放的方法。

英力士近期以5亿美元收购了酵母位于德克萨斯城的工厂。随后，英力士同意以约7亿美元收购利安德巴塞尔位于德克萨斯州贝波特的环氧乙烷业务及相关设施。此次收购涵盖年产42万吨环氧乙烷、37.5万吨乙二醇和16.5万吨乙二醇醚的工厂。

本报告研究了全球乙二醇 (EG) 市场，并概述了市场以及按类型、应用、地区和国家分類的趋势，以及参与市场的公司概况。

目录

第一章 引言

第二章 市场概述

• 市场演变
• 供需概况
• 产业结构
• 战略问题
• 最终用途趋势
• 成长预测

第三章 经济与能源展望

• GDP与人口统计
• 货币和财政政策
• 原油产量和价格
• 天然气
• 电费

第四章 终端使用部门绩效

• 化学品
• 产业
• 其他的

第五章产能（工厂和计划）分析

• 各公司产能
• 各国产能
• 按地区和国家分類的产能概览

第六章乙二醇（EG）的介绍与市场概况

• 产品描述
• 等级和特点
• 原料
• 製造过程
• 环境问题
• 价值链
• 目的

第七章市场动态与产业趋势

• 市场动态
  • 驱动程式
  • 限制因素
  • 机会
  • 任务

第 8 章 全球乙二醇（EG）需求与供应分析，按类型和应用（数量、价值）（2018-2034 年）

• 战略问题
• 需求/供给分析与预测（2018-2034）
  • 容量
  • 运转率（%）
  • 生产
  • 进口产品
  • 出口
  • 净出口
  • 要求
  • 需求成长率（%）
  • 驱动力分析
• 全球乙二醇（EG）市场类型
• 乙二醇（MEG）
• 二伸乙甘醇（DEG）
• 三甘醇（TEG）
• 全球乙二醇（EG）市场（按应用）
• 化学中间体

聚酯纤维

溶剂

其他的

• 防冻剂和冷却剂
• 其他的

第九章 需求与供给分析：按地区和国家（数量、价值）和市场回顾（2018-2034 年）

• 战略问题
• 容量
• 运转率（%）
• 生产
• 进口产品
• 出口
• 净出口
• 要求
• 需求成长率（%）
• 乙二醇（EG）市场（按类型）
• 乙二醇（EG）市场（按应用）

註：以下列出主要地区/国家的供需分析。需求（消费）以数量（千吨）和金额（百万美元）表示，按国家/地区划分，并按类型和用途列出。

• 北美洲
• 美国
• 加拿大
• 墨西哥
• 西欧
• 德国
• 法国
• 义大利
• 英国
• 西班牙
• 其他西欧国家
• 中欧/东欧
• 俄罗斯
• 波兰
• 其他中欧和东欧国家
• 亚太地区
• 中国
• 日本
• 印度
• 韩国
• 亚太其他地区
• 拉丁美洲
• 中东和非洲

註：计算所有类型和应用的复合年增长率，以确定预测期内（2025-2034 年）区域/全球需求和供应成长。

第十章定价分析

• 乙二醇（EG）平均价格（美元/公斤）
• 各地区平均价格
• 价格预测

第十一章 关键策略问题

第十二章 评估商业机会

• 市场吸引力评估
• 未来与目标市场研究

第十三章战略建议与提案

第十四章公司分析

• 乙二醇（EG）製造商概况/公司分析
• BASF SE
• DowDuPont
• Huntsman Corporation
• Shell
• SABIC
• Akzo-Nobel NV
• INEOS Corporation
• LyondellBasell
• Lotte Chemical
• Reliance Industries Limited
• Formosa Plastics
• Sinopec
• 其他製造商

註：本部分包含企业资料、财务状况、製造地和营运地理区域。本报告仅包含财务资讯可在美国证券交易委员会 (SEC) 文件、年度报告或公司网站上查阅的公司的财务资讯。本报告中报告的所有财务数据均以美元计价。以其他货币报告的财务数据已根据平均外汇折算。公司简介可能包括製造商、供应商和经销商。

第十五章 附录

The global market for Ethylene Glycol (EG) is expected to grow significantly, increasing from about $23.3 billion in 2024 to nearly $54 billion by 2032. This corresponds to an average yearly growth rate of approximately 5.9% from 2025 to 2032. The rise in demand for EG is mainly due to its wide range of uses, particularly in making polyester fibers, antifreeze, and various industrial products. The growing production of polyester, especially in the Asia Pacific region, is a major factor driving this demand. Asia Pacific remains the largest market for EG, supported by new production facilities for downstream products.

Ethylene Glycol is produced through the reaction of ethylene oxide with water. It comes in three primary forms: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), and Triethylene Glycol (TEG). Among these, MEG is the most widely manufactured and is primarily utilized in the production of polyester materials such as resins, fibers, and films. Over 85% of MEG goes into polyester production, making its demand closely linked to the polyester market.

China plays a key role in the global EG market, consuming more than half of the world's supply. The Asia Pacific region accounts for over 65% of the total demand, driven mainly by the need for polyester fibers used in synthetic clothing. North America and Western Europe also contribute to the global demand.

Supply and Demand

In 2024, the global capacity for producing Ethylene Glycol exceeded 57,000 kilo tons, which is a big increase from 2016. Asia Pacific holds more than 60% of this capacity. The operating rate for EG plants averaged around 76% in the past five years, helped by an 18,000-kiloton increase in capacity in China. Over the next five years, China is expected to add another 5,000 kilo tons of capacity, bringing its total to 31,500 kilo tons.

Global demand for EG in 2024 was about 36,000 kilo tons, with Asia Pacific consuming more than 75% of this amount. The growth of the polyester fiber industry, along with the need for surfactants and other chemicals, will continue to support market growth. The Asia Pacific region, especially China, South Korea, and India, will lead this expansion with a forecasted annual growth rate of about 4.8%.

Trade and Market Dynamics

China is moving toward producing more of its own ethylene glycol, reducing imports. EG imports to China fell by 20.1% in 2021 and dropped another 10.9% in 2024. Saudi Arabia is a major exporter of EG to China, supplying over 3,900 kilo tons on average in recent years. China accounted for more than half of Saudi Arabia's EG exports in 2024. Smaller amounts also come from Canada and the United States.

European producers face competition from cheaper EG imports from the U.S., which benefits from lower-cost ethane feedstock. Weak demand in the U.S. has increased EG exports, putting pressure on European producers' profit margins. New ethylene production capacity in the U.S. is expected to add further pressure.

Current Market Trends

In late 2023, the global EG market faces challenges such as oversupply and lower demand. The market for downstream products, like packaging materials, remains weak despite hopes for a rebound in early 2023. Europe and Asia Pacific regions, which rely on more expensive naphtha feedstock, are affected by fluctuating oil prices, while the U.S. and Middle East benefit from cheaper ethane feedstock.

The market is watching China closely for signs of increased demand, which could help balance supply. However, new ethylene production coming online in Asia might exceed demand by over 9% in the next few years, causing further market pressure.

Europe is also dealing with high energy costs and uncertainty from the Russia-Ukraine conflict, affecting the ethylene market negatively. Prices for MEG in Europe are currently very low, and demand for polyester products is weak as consumers try to save money amid rising inflation.

Despite efforts to protect the market with import duties, U.S. MEG shipments to Europe are expected to remain low due to these conditions.

Leading Companies

Major players in the Ethylene Glycol market include BASF, Dow, Shell, SABIC, INEOS Oxide, LyondellBasell, Lotte Chemical, Reliance Industries, Formosa Plastics, Sinopec, Sasol, Sibur-Neftekhim, Indian Oil Corporation, India Glycols, and others. MEGlobal (EQUATE) is a top producer with more than 3,200 kilo tons of installed capacity across Saudi Arabia, Canada, and the U.S.

Recent Developments

SABIC, Scientific Design, and Linde Engineering have teamed up to explore ways to reduce carbon emissions in the EG production process using new CO2 recovery technology.

INEOS recently acquired Eastman's Texas City plant for $500 million. Later, INEOS agreed to buy LyondellBasell's ethylene oxide business and related facilities in Bayport, Texas, for about $700 million. This deal includes plants with capacities of 420 kilo tons/year for ethylene oxide, 375 kilo tons/year for ethylene glycol, and 165 kilo tons/year for ethylene glycol ethers.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Type
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Chemicals
• Industrial
• Others

5. Capacity (Plants & Projects) Analysis

• Capacity, by Company
• Capacity, by Country and by Region
• Capacity Overview, By Region and Country

6. Introduction to Ethylene Glycol (EG) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Ethylene Glycol (EG) Demand-Supply Analysis, By Type, By Application (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018 - 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Exports
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
• Global Ethylene Glycol (EG) Market, By Type
• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)
• Global Ethylene Glycol (EG) Market, By Application
• Chemical Intermediates

Polyester

Solvents

Others

• Antifreeze & Coolants
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Ethylene Glycol (EG) Market, By Type
• Ethylene Glycol (EG) Market, By Application

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by type and by Application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the type and application to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average Ethylene Glycol (EG) Prices, USD/Kg
• Average prices, by region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

• Ethylene Glycol (EG) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• BASF SE
• DowDuPont
• Huntsman Corporation
• Shell
• SABIC
• Akzo-Nobel N.V.
• INEOS Corporation
• LyondellBasell
• Lotte Chemical
• Reliance Industries Limited
• Formosa Plastics
• Sinopec
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply - Countries
• Capacities, 2018-2034