Ethylene Glycol Market Size, Share & Global Forecast 2024-2031 | Major Companies likes - Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited

Global Ethylene Glycol Market reached US$ 29.2 billion in 2022 and is expected to reach US$ 40.1 billion by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

Ethylene Glycol Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new opportunities in today's rapidly evolving global landscape.

Ethylene glycol is a colorless, odorless, and sweet-tasting organic compound primarily used as an antifreeze in cooling and heating systems, as well as a raw material in the production of polyester fibers and resins. Its ability to lower the freezing point and raise the boiling point of liquids makes it essential in automotive and industrial applications.

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Market opportunities and Growth Drivers

Rising Use of Ethylene Glycol in Textiles and Fabrics

Increasing Automotive Industry Demand

Elevated Raw Material Costs

Adverse Environmental and Health Impacts of Ethylene Glycol

Ethylene Glycol Market Recent Development:

In October 2023, BASF SE expanded ethylene oxide and derivative capacities by 400,000 metric tons annually at its Antwerp site to strengthen its European market position.
In October 2022, SABIC, through Jubail United Petrochemicals, established its third Ethylene Glycols Plant with a 700,000 metric ton annual MEG capacity, aiming to boost commercial operations.

List of the Key Players in the Ethylene Glycol Market:

Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.

Research Process:

Both primary and secondary data sources have been used in the global Ethylene Glycol Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Ethylene Glycol Market:

By Type: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG), Others

By Technology: Gas-Based, Naptha-Based, Coal-Based, Bio-Based, Methanol-Based, Others

By Application: Solvent Coupler, Chemical Intermediate, Solvent, Humectant, Others

By End-User: Transportation, Packaging, Oil & Gas, Building and Construction, Food & Beverages, Sports, Fabric & Textiles, Personal Care & Cosmetics, Medical & healthcare, Others

Regional Analysis for Ethylene Glycol Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

People Also Ask:

Most Frequently Asked Questions in the Ethylene Glycol Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Ethylene Glycol market?

➠ Who are the top manufacturers in the global Ethylene Glycol industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Ethylene Glycol market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Ethylene Glycol market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Ethylene Glycol industry landscape?

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