Global Ethylene Glycols Market Trends and Forecast to 2030
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The Ethylene Glycols market, estimated at $31.18 billion in 2032, is set for substantial growth, driven by an anticipated compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.
The latest comprehensive report on the Ethylene Glycols market covers various industry organizations from different geographies to develop a 141+ page report. The study is a perfect mix of qualitative and quantitative information, highlighting key market developments, challenges that the industry and competition are facing, along with gap analysis, and new opportunities available. It may trend in Ethylene Glycols market. The report bridges the historical data from 2019 to 2024 and forecasts till 2032, the product outline, the organization’s required raw materials, and other growth factors. This report provides an in-depth analysis of the market segmentation that includes products, applications, and geographical analysis. Ethylene Glycols market report delivers a close watch on leading competitors with strategic analysis, micro and macro market trends and scenarios, pricing analysis, and a complete overview of the industry situation during the forecast period.
Ethylene Glycols Market Overview
Ethylene glycol (EG) is a versatile chemical compound utilised in a wide array of industrial applications. A colourless, odourless, and slightly viscous liquid that is mainly used in the manufacture of polyester fibres and resins for use in clothing, plastic bottles, and an assortment of other products. EG is also an important component of antifreeze and coolants for the automotive industry, enabling efficient engine temperature regulation in hot and cold weather conditions.
Aside from these main applications, ethylene glycol finds uses mainly in the production of films, detergents, and others as a dehydrating agent in the natural gas industry. The compound is de-icing for aircraft and runways due to its property of lowering the freezing point of water. The ethylene glycol market is impacted by several factor such as the demand for polyester fibre, the performance of the automotive industry, and the rise and fall of raw material prices.
2025 Emerging Trends in Ethylene Glycols Industry
Rapid industrialisation and increasing demands for polyethylene terephthalate (PET) packaging solutions hold sway over the ethylene glycol market. With all the lightweight, good chemical resistance, and high tensile strength it has, PET packaging is progressively being applied in various end-use industries. This has in its turn boosted the polyester fibre market on the backs of pillows and upholstery. New technologies such as coal to ethylene glycol (CtEG), now being pursued, are cost-attractive as compared to naphtha routes.
Other significant trends include large consumption of ethylene glycol for pharmaceutical and textile purposes. The growth of the automotive industries is also a strong growth driver because ethylene glycol is used in the production of polyester fibres and as a coolant in automobile engines. With constantly increasing numbers of vehicles throughout the world, high revenues from the ethylene glycol market are expected. Also, enhanced demand for PET, especially from the Asia Pacific and Latin America regions, will drive the market, while fluctuating raw material prices may inhibit growth.
Driving Forces: What's Propelling the Ethylene Glycols Industry
The ethylene glycol market is primarily driven by the robust demand for polyester fibers and polyethylene terephthalate (PET) resins. Polyester is a versatile material widely used in the textile industry for clothing, home furnishings, and industrial applications. The growing textile industry, particularly in developing economies, fuels the need for polyester fibers, consequently driving the demand for ethylene glycol. Similarly, PET resins are essential for producing plastic bottles and packaging materials, and the increasing consumption of packaged goods, especially in the food and beverage sector, significantly contributes to the growth of the ethylene glycol market.
Growth Opportunities in the Ethylene Glycols Market for 2025
The ethylene glycol market exhibits tremendous opportunities owing to the mounting automotive demand for antifreeze and coolants, coupled with the accelerating production of electric vehicles. Increasingly pervasive use of PET fibres in the textile industry for synthetic textiles, in conjunction with the packaging industry's demand for PET in food and beverages, further stimulates the market for this product. Other emerging opportunities relate to the demand for bio-based ethylene glycol alternatives, which coincide with the promotion of sustainability, reducing dependency on fossil fuels.
Additional prospective applications arise from burgeoning infrastructure development and construction activity. This scenario creates demand for ethylene glycol in antifreeze and construction chemicals. Rapid industrialisation, urbanisation, and growing disposable incomes in emerging economies, particularly in the Asia-Pacific region, hold abundant growth opportunities. Developments in production processes, particularly those that are more efficient and cost-effective, spice up the market position.
Key Challenges Facing the Ethylene Glycols Market in 2025
Recent activity in the ethylene glycol market shows a clear trend of strategic acquisitions and partnerships to augment production capabilities and gain a greater presence in the market. Among them is Eastman Chemical Company, which plans to invest US$250 million in a methanolysis facility in Kingsport, Tennessee, that converts polyester plastic into mono-ethylene glycol and dimethyl terephthalate and will have a capacity of 150,000–200,000 tonnes annually. Also, Technip Energies acquired glycol purification technology from Shell to accelerate the commercialisation of Technip Energies' Bio-2-Glycols™ technology for bio-based MEG production from glucose.
Strategic partnerships also remain a major trend in the market. An example is Sojitz Corporation joining forces with Braskem S.A. in producing biomass-derived monoethylene glycol (bioMEG) and monopropylene glycol (bioMPG) and establishing a joint venture to scale up production for commercialisation. In the glycol ethers market, Sherwin-Williams Company acquired AquaSurTech to strengthen its presence in the vinyl/PVC building products market. These strategic manoeuvres allow companies to better their position in the market and broaden their product portfolio in response to the rising demand for sustainable and efficient ethylene glycol production.
Ethylene Glycols Market Segmentation
By Types, Ethylene Glycols Market is segmented as:
By Applications, the Ethylene Glycols Market is segmented as:
Ethylene Glycols, by Region
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
The segment is expected to secure a significant share of the industry in the coming years, driven by its increasing adoption and strategic advantages. Meanwhile, the North America region is projected to lead the market, fueled by rapid industrial growth, technological advancements, and expanding investments. This growth is further supported by favorable government policies and rising demand across key industries. Additionally, increasing collaborations and market expansions by leading players continue to strengthen the competitive landscape.
Competitive Landscape
In the ethylene glycol market, competition consists of a couple of large and medium-scale players with great production capabilities and innovative solutions. Several significant names, including BASF SE, Dow Chemical, and Indorama Ventures, lead the market using advanced production technologies to cater to increasing demand from applications such as automotive, textiles, packaging, etc. These companies also invest strongly in R&D to improve their product lines and sustain their competitive edge. Strategic moves like acquisitions and capacity expansions are also surfacing in the market. INEOS and SABIC are more focused on increasing their market share through organic growth strategies.
Key Companies Profiled
These companies are undertaking various expansion strategies, such as new product development, partnerships, and acquisitions, to improve their market share and cater to the growing demand for Ethylene Glycols across the globe.
The latest comprehensive report on the Ethylene Glycols market covers various industry organizations from different geographies to develop a 141+ page report. The study is a perfect mix of qualitative and quantitative information, highlighting key market developments, challenges that the industry and competition are facing, along with gap analysis, and new opportunities available. It may trend in Ethylene Glycols market. The report bridges the historical data from 2019 to 2024 and forecasts till 2032, the product outline, the organization’s required raw materials, and other growth factors. This report provides an in-depth analysis of the market segmentation that includes products, applications, and geographical analysis. Ethylene Glycols market report delivers a close watch on leading competitors with strategic analysis, micro and macro market trends and scenarios, pricing analysis, and a complete overview of the industry situation during the forecast period.
Ethylene Glycols Market Overview
Ethylene glycol (EG) is a versatile chemical compound utilised in a wide array of industrial applications. A colourless, odourless, and slightly viscous liquid that is mainly used in the manufacture of polyester fibres and resins for use in clothing, plastic bottles, and an assortment of other products. EG is also an important component of antifreeze and coolants for the automotive industry, enabling efficient engine temperature regulation in hot and cold weather conditions.
Aside from these main applications, ethylene glycol finds uses mainly in the production of films, detergents, and others as a dehydrating agent in the natural gas industry. The compound is de-icing for aircraft and runways due to its property of lowering the freezing point of water. The ethylene glycol market is impacted by several factor such as the demand for polyester fibre, the performance of the automotive industry, and the rise and fall of raw material prices.
The Ethylene Glycols market is driven by several factors, including:
2025 Emerging Trends in Ethylene Glycols Industry
Rapid industrialisation and increasing demands for polyethylene terephthalate (PET) packaging solutions hold sway over the ethylene glycol market. With all the lightweight, good chemical resistance, and high tensile strength it has, PET packaging is progressively being applied in various end-use industries. This has in its turn boosted the polyester fibre market on the backs of pillows and upholstery. New technologies such as coal to ethylene glycol (CtEG), now being pursued, are cost-attractive as compared to naphtha routes.
Other significant trends include large consumption of ethylene glycol for pharmaceutical and textile purposes. The growth of the automotive industries is also a strong growth driver because ethylene glycol is used in the production of polyester fibres and as a coolant in automobile engines. With constantly increasing numbers of vehicles throughout the world, high revenues from the ethylene glycol market are expected. Also, enhanced demand for PET, especially from the Asia Pacific and Latin America regions, will drive the market, while fluctuating raw material prices may inhibit growth.
Driving Forces: What's Propelling the Ethylene Glycols Industry
The ethylene glycol market is primarily driven by the robust demand for polyester fibers and polyethylene terephthalate (PET) resins. Polyester is a versatile material widely used in the textile industry for clothing, home furnishings, and industrial applications. The growing textile industry, particularly in developing economies, fuels the need for polyester fibers, consequently driving the demand for ethylene glycol. Similarly, PET resins are essential for producing plastic bottles and packaging materials, and the increasing consumption of packaged goods, especially in the food and beverage sector, significantly contributes to the growth of the ethylene glycol market.
Growth Opportunities in the Ethylene Glycols Market for 2025
The ethylene glycol market exhibits tremendous opportunities owing to the mounting automotive demand for antifreeze and coolants, coupled with the accelerating production of electric vehicles. Increasingly pervasive use of PET fibres in the textile industry for synthetic textiles, in conjunction with the packaging industry's demand for PET in food and beverages, further stimulates the market for this product. Other emerging opportunities relate to the demand for bio-based ethylene glycol alternatives, which coincide with the promotion of sustainability, reducing dependency on fossil fuels.
Additional prospective applications arise from burgeoning infrastructure development and construction activity. This scenario creates demand for ethylene glycol in antifreeze and construction chemicals. Rapid industrialisation, urbanisation, and growing disposable incomes in emerging economies, particularly in the Asia-Pacific region, hold abundant growth opportunities. Developments in production processes, particularly those that are more efficient and cost-effective, spice up the market position.
Key Challenges Facing the Ethylene Glycols Market in 2025
Recent activity in the ethylene glycol market shows a clear trend of strategic acquisitions and partnerships to augment production capabilities and gain a greater presence in the market. Among them is Eastman Chemical Company, which plans to invest US$250 million in a methanolysis facility in Kingsport, Tennessee, that converts polyester plastic into mono-ethylene glycol and dimethyl terephthalate and will have a capacity of 150,000–200,000 tonnes annually. Also, Technip Energies acquired glycol purification technology from Shell to accelerate the commercialisation of Technip Energies' Bio-2-Glycols™ technology for bio-based MEG production from glucose.
Strategic partnerships also remain a major trend in the market. An example is Sojitz Corporation joining forces with Braskem S.A. in producing biomass-derived monoethylene glycol (bioMEG) and monopropylene glycol (bioMPG) and establishing a joint venture to scale up production for commercialisation. In the glycol ethers market, Sherwin-Williams Company acquired AquaSurTech to strengthen its presence in the vinyl/PVC building products market. These strategic manoeuvres allow companies to better their position in the market and broaden their product portfolio in response to the rising demand for sustainable and efficient ethylene glycol production.
Ethylene Glycols Market Segmentation
By Types, Ethylene Glycols Market is segmented as:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
By Applications, the Ethylene Glycols Market is segmented as:
- Polyester Fibers
- PET
- Antifreeze and Coolants
- Films
- Others
Ethylene Glycols, by Region
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
The segment is expected to secure a significant share of the industry in the coming years, driven by its increasing adoption and strategic advantages. Meanwhile, the North America region is projected to lead the market, fueled by rapid industrial growth, technological advancements, and expanding investments. This growth is further supported by favorable government policies and rising demand across key industries. Additionally, increasing collaborations and market expansions by leading players continue to strengthen the competitive landscape.
Competitive Landscape
In the ethylene glycol market, competition consists of a couple of large and medium-scale players with great production capabilities and innovative solutions. Several significant names, including BASF SE, Dow Chemical, and Indorama Ventures, lead the market using advanced production technologies to cater to increasing demand from applications such as automotive, textiles, packaging, etc. These companies also invest strongly in R&D to improve their product lines and sustain their competitive edge. Strategic moves like acquisitions and capacity expansions are also surfacing in the market. INEOS and SABIC are more focused on increasing their market share through organic growth strategies.
Key Companies Profiled
- Reliance Industries Limited
- KUWAIT PETROLEUM CORPORATION
- China Petrochemical Corporation
- Shell Chemicals
- SABIC
- Dow Inc.
- Exxon Mobil Corporation
- LyondellBasell Industries Holdings B.V.
- Huntsman International LLC
- LOTTE Chemical CORPORATION
These companies are undertaking various expansion strategies, such as new product development, partnerships, and acquisitions, to improve their market share and cater to the growing demand for Ethylene Glycols across the globe.
Chapter 1: Introduction of Ethylene Glycols Market
Chapter 2: Executive Summary
Chapter 3: Market Dynamics Analysis and Trends
Chapter 4: Market Factor Analysis
Chapter 5: Competitive Landscape
Chapter 6: Ethylene Glycols Market Company Profiles
Chapter 7: Ethylene Glycols Market, By Type
Chapter 8: Ethylene Glycols Market, By Application
Chapter 9: Ethylene Glycols Market By Region
Chapter 10: Analyst Viewpoint and Conclusion
Chapter 11: RESEARCH METHODOLOGY
- 1.1 Research Objective
- 1.2 Scope of the Study
- 1.3 Definition
- 1.4 Assumptions & Limitations
Chapter 2: Executive Summary
- 2.1 Market Snapshot
Chapter 3: Market Dynamics Analysis and Trends
- 3.1 Market Dynamics
- 3.1.1 Market Growth Drivers
- 3.1.2 Market Restraints
- 3.1.3 Available Market Opportunities
- 3.1.4 Influencing Trends
Chapter 4: Market Factor Analysis
- 4.1 Porter’s Five Forces Analysis
- 4.2 Bargaining power of suppliers
- 4.3 Bargaining power of buyers
- 4.4 Threat of substitute
- 4.5 Threat of new entrants
- 4.6 Porter's Five Forces Analysis
- 4.7 Value Chain Analysis
- 4.8 Market Impact Analysis
- 4.9 Regional Impact
- 4.10 Pricing Analysis
- 4.11 Import-Export Analysis
Chapter 5: Competitive Landscape
- 5.1 Company Market Share/Positioning Analysis
- 5.2 Key Strategies Adopted by Players
- 5.3 Vendor Landscape
- 5.3.1 List of Suppliers
- 5.3.2 List of Buyers
Chapter 6: Ethylene Glycols Market Company Profiles
- 6.1 Competitive Landscape
- 6.1.1 Competitive Benchmarking
- 6.1.2 Ethylene Glycols Market Share by Manufacturer (2023)
- 6.1.3 Industry BCG Matrix
- 6.1.4 Heat Map Analysis
- 6.1.5 Mergers and Acquisitions
- 6.2 Reliance Industries Limited KUWAIT PETROLEUM CORPORATION China Petrochemical Corporation Shell Chemicals SABIC Dow Inc. Exxon Mobil Corporation LyondellBasell Industries Holdings B.V. Huntsman International LLC LOTTE Chemical CORPORATION
- 6.2.1 Company Overview
- 6.2.2 Product/ Services Offerings
- 6.2.3 SWOT Analysis
- 6.2.4 Financial Performance
- 6.2.5 KEY Strategies
- 6.2.6 Key Strategic Moves and Recent Initiatives
Chapter 7: Ethylene Glycols Market, By Type
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Monoethylene Glycol (MEG) Diethylene Glycol (DEG) Triethylene Glycol (TEG)
- 7.2.1 Key market trends, factors driving growth, and opportunities
- 7.2.2 Market Size Estimates and Forecasts to 2032, by region
- 7.2.3 Market analysis by country
Chapter 8: Ethylene Glycols Market, By Application
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Polyester Fibers PET Antifreeze and Coolants Films Others
- 8.2.1 Key market trends, factors driving growth, and opportunities
- 8.2.2 Market Size Estimates and Forecasts to 2032, by region
- 8.2.3 Market analysis by country
Chapter 9: Ethylene Glycols Market By Region
- 9.1 Overview
Chapter 10: Analyst Viewpoint and Conclusion
- 10.1 Recommendations and Concluding Analysis
- 10.2 Potential Market Strategies
Chapter 11: RESEARCH METHODOLOGY
- 11.1 Overview
- 11.2 Data Mining
- 11.3 Secondary Research
- 11.4 Primary Research
- 11.4.1 Primary Interviews and Information Gathering Process
- 11.4.2 Breakdown of Primary Respondents
- 11.5 Forecasting Model
- 11.6 Market Size Estimation
- 11.6.1 Bottom-Up Approach
- 11.6.2 Top-Down Approach
- 11.7 Data Triangulation
- 11.8 Validation
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Ethylene Glycols Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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Frequently asked questions(FAQ's):
A dynamic process in the Ethylene Glycols Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Reliance Industries Limited KUWAIT PETROLEUM CORPORATION China Petrochemical Corporation Shell Chemicals SABIC Dow Inc. Exxon Mobil Corporation LyondellBasell Industries Holdings B.V. Huntsman International LLC LOTTE Chemical CORPORATION.
The strategic moves of the Ethylene Glycols Market players such as Reliance Industries Limited KUWAIT PETROLEUM CORPORATION China Petrochemical Corporation Shell Chemicals SABIC Dow Inc. Exxon Mobil Corporation LyondellBasell Industries Holdings B.V. Huntsman International LLC LOTTE Chemical CORPORATION, and others clearly highlight consumer-centric strategies that use technology to improve customer experience.
Depending upon the type of applications, the Ethylene Glycols Market has been segmented into and other applications.
The Ethylene Glycols Market is expected to reach a reasonable valuation by 2030; now the market is expected to shift its focus from growth to value.
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Ethylene Glycols Market across the extensive corporate landscape.
The Ethylene Glycols Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.