Product Code: ETC13309023 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Ethylene Glycols Market was valued at USD 32.5 Billion in 2024 and is expected to reach USD 41.8 Billion by 2031, growing at a compound annual growth rate of 8.00% during the forecast period (2025-2031).
The Global Ethylene Glycols Market is experiencing steady growth, driven by the increasing demand for ethylene glycols in various industries such as automotive, textiles, and packaging. Ethylene glycols, including monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG), are widely used as raw materials in the production of polyester fibers, antifreeze solutions, and various industrial applications. The market is also influenced by the growing demand for PET resins in the packaging industry and the expanding automotive sector. Asia-Pacific region, particularly China and India, are key players in the market due to their robust manufacturing capabilities and consumption patterns. Factors such as technological advancements, innovations in product development, and increasing investments in research and development are expected to further fuel the growth of the Global Ethylene Glycols Market in the coming years.
The Global Ethylene Glycols Market is witnessing significant growth driven by the increasing demand for polyethylene terephthalate (PET) resins and fibers in the packaging and textile industries. With the rising trend towards sustainable and eco-friendly products, there is a growing shift towards bio-based ethylene glycols, presenting opportunities for market players to innovate and develop greener alternatives. The market is also benefiting from the expanding applications of ethylene glycols in automotive coolants, antifreeze formulations, and pharmaceuticals. Additionally, the Asia-Pacific region is emerging as a key market for ethylene glycols due to rapid industrialization and urbanization. To capitalize on these trends and opportunities, companies in the ethylene glycols market should focus on product innovation, sustainable practices, and strategic partnerships to stay competitive and meet evolving consumer demands.
The Global Ethylene Glycols Market faces several challenges, including fluctuating raw material prices, increasing environmental regulations, and competition from alternative products. Ethylene glycols are derived from ethylene oxide, which is dependent on the availability and pricing of ethylene feedstock. Any volatility in ethylene prices can impact the overall production costs of ethylene glycols. Additionally, strict environmental regulations regarding emissions and waste disposal pose a challenge for manufacturers in the market. The push towards sustainability and eco-friendly solutions also leads to competition from bio-based glycols and other renewable alternatives. Adapting to these challenges by investing in research and development for cost-effective production methods and sustainable practices will be crucial for companies operating in the Global Ethylene Glycols Market.
The global ethylene glycols market is primarily driven by the increasing demand for polyethylene terephthalate (PET) resin, which is a key application of ethylene glycols in the production of plastic bottles and containers. The growth of the packaging industry, particularly in emerging economies, is fueling the demand for PET resin, thereby boosting the consumption of ethylene glycols. Additionally, the expanding automotive sector is driving the demand for antifreeze agents, another important application of ethylene glycols. Moreover, the versatility of ethylene glycols in various end-use industries such as textiles, pharmaceuticals, and cosmetics is further contributing to market growth. Technological advancements in the production process, along with increasing investments in research and development activities, are also expected to drive the global ethylene glycols market in the coming years.
Government policies related to the Global Ethylene Glycols Market primarily focus on environmental regulations and safety standards. Many countries have implemented stringent regulations to control the emissions of ethylene glycols, as they are considered harmful to the environment and human health. These regulations include limits on emissions from manufacturing processes, guidelines for handling and disposal of ethylene glycols, and requirements for monitoring and reporting of emissions. Additionally, some governments offer incentives for the development and use of sustainable and eco-friendly alternatives to ethylene glycols. Overall, the regulatory landscape for the Global Ethylene Glycols Market is evolving towards sustainability and environmental responsibility, driving companies to adopt cleaner and more sustainable practices in their operations.
The Global Ethylene Glycols Market is projected to witness steady growth in the coming years due to increasing demand from various end-use industries such as automotive, textiles, and packaging. Factors driving this growth include the expanding construction sector, rising disposable income, and the growing popularity of bio-based ethylene glycols. Additionally, the increasing applications of ethylene glycols in the production of antifreeze, polyester fibers, and other industrial products are expected to further propel market growth. However, challenges such as fluctuating raw material prices and environmental concerns regarding the production process may hinder the market`s expansion. Overall, the Global Ethylene Glycols Market is anticipated to experience moderate growth with opportunities for innovation and sustainability driving future developments.
In the Global Ethylene Glycols Market, Asia is projected to drive significant growth due to the expanding automotive and construction industries in countries like China and India. North America is expected to witness steady demand, primarily driven by the strong presence of end-use industries such as pharmaceuticals and textiles. Europe is likely to experience moderate growth, with a focus on sustainability and increasing usage in the automotive sector. The Middle East and Africa region is anticipated to show promising growth opportunities supported by investments in infrastructure development. Latin America is poised for growth in the ethylene glycols market, driven by the rising demand from the packaging and personal care industries. Overall, these regional insights suggest a positive outlook for the global ethylene glycols market across diverse geographical regions.
Global Ethylene Glycols Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Ethylene Glycols Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Ethylene Glycols Market Revenues & Volume, 2021 & 2031F |
3.3 Global Ethylene Glycols Market - Industry Life Cycle |
3.4 Global Ethylene Glycols Market - Porter's Five Forces |
3.5 Global Ethylene Glycols Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Ethylene Glycols Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Ethylene Glycols Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Ethylene Glycols Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.9 Global Ethylene Glycols Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.10 Global Ethylene Glycols Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Global Ethylene Glycols Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Ethylene Glycols Market Trends |
6 Global Ethylene Glycols Market, 2021 - 2031 |
6.1 Global Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Ethylene Glycols Market, Revenues & Volume, By Monoethylene Glycol (MEG), 2021 - 2031 |
6.1.3 Global Ethylene Glycols Market, Revenues & Volume, By Diethylene Glycol (DEG), 2021 - 2031 |
6.1.4 Global Ethylene Glycols Market, Revenues & Volume, By Triethylene Glycol (TEG), 2021 - 2031 |
6.1.5 Global Ethylene Glycols Market, Revenues & Volume, By High Purity Glycol, 2021 - 2031 |
6.2 Global Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Ethylene Glycols Market, Revenues & Volume, By Polyester Production, 2021 - 2031 |
6.2.3 Global Ethylene Glycols Market, Revenues & Volume, By Antifreeze, 2021 - 2031 |
6.2.4 Global Ethylene Glycols Market, Revenues & Volume, By Hydraulics, 2021 - 2031 |
6.2.5 Global Ethylene Glycols Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.3 Global Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Ethylene Glycols Market, Revenues & Volume, By Textiles, 2021 - 2031 |
6.3.3 Global Ethylene Glycols Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.4 Global Ethylene Glycols Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.3.5 Global Ethylene Glycols Market, Revenues & Volume, By Personal Care, 2021 - 2031 |
6.4 Global Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Ethylene Glycols Market, Revenues & Volume, By Water Soluble, 2021 - 2031 |
6.4.3 Global Ethylene Glycols Market, Revenues & Volume, By Low Viscosity, 2021 - 2031 |
6.4.4 Global Ethylene Glycols Market, Revenues & Volume, By Dehydrating Agent, 2021 - 2031 |
6.4.5 Global Ethylene Glycols Market, Revenues & Volume, By Solvent, 2021 - 2031 |
6.5 Global Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Ethylene Glycols Market, Revenues & Volume, By Fibers & Fabrics, 2021 - 2031 |
6.5.3 Global Ethylene Glycols Market, Revenues & Volume, By Coolants, 2021 - 2031 |
6.5.4 Global Ethylene Glycols Market, Revenues & Volume, By Drilling Fluids, 2021 - 2031 |
6.5.5 Global Ethylene Glycols Market, Revenues & Volume, By Skincare Products, 2021 - 2031 |
7 North America Ethylene Glycols Market, Overview & Analysis |
7.1 North America Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
7.2 North America Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
7.6 North America Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
7.7 North America Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
8 Latin America (LATAM) Ethylene Glycols Market, Overview & Analysis |
8.1 Latin America (LATAM) Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
8.6 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
8.7 Latin America (LATAM) Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
9 Asia Ethylene Glycols Market, Overview & Analysis |
9.1 Asia Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
9.6 Asia Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
9.7 Asia Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
10 Africa Ethylene Glycols Market, Overview & Analysis |
10.1 Africa Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
10.6 Africa Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
10.7 Africa Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
11 Europe Ethylene Glycols Market, Overview & Analysis |
11.1 Europe Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
11.6 Europe Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
11.7 Europe Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
12 Middle East Ethylene Glycols Market, Overview & Analysis |
12.1 Middle East Ethylene Glycols Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Ethylene Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Ethylene Glycols Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Ethylene Glycols Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Ethylene Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Ethylene Glycols Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
12.6 Middle East Ethylene Glycols Market, Revenues & Volume, By Functionality, 2021 - 2031 |
12.7 Middle East Ethylene Glycols Market, Revenues & Volume, By End-Use, 2021 - 2031 |
13 Global Ethylene Glycols Market Key Performance Indicators |
14 Global Ethylene Glycols Market - Export/Import By Countries Assessment |
15 Global Ethylene Glycols Market - Opportunity Assessment |
15.1 Global Ethylene Glycols Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Ethylene Glycols Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Ethylene Glycols Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Ethylene Glycols Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
15.5 Global Ethylene Glycols Market Opportunity Assessment, By Functionality, 2021 & 2031F |
15.6 Global Ethylene Glycols Market Opportunity Assessment, By End-Use, 2021 & 2031F |
16 Global Ethylene Glycols Market - Competitive Landscape |
16.1 Global Ethylene Glycols Market Revenue Share, By Companies, 2024 |
16.2 Global Ethylene Glycols Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |