| Product Code: ETC13151267 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Glycol Market was valued at USD 35 Billion in 2024 and is expected to reach USD 45 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).
The global glycol market is experiencing steady growth driven by increasing demand from various industries such as automotive, textile, and food & beverage. Ethylene glycol and propylene glycol are the two major types of glycols dominating the market, with ethylene glycol holding a larger market share due to its widespread use in antifreeze and PET production. The market is also witnessing a surge in demand for bio-based glycols as companies focus on sustainability and environmental concerns. Asia-Pacific region is the largest consumer of glycols, with China being a key player in the market. Key market players include Dow Chemical Company, BASF SE, and Royal Dutch Shell, who are constantly innovating and expanding their product portfolios to stay competitive in the global glycol market.
The Global Glycol Market is experiencing growth due to increasing demand from various end-use industries such as automotive, textiles, and pharmaceuticals. The market is driven by the growing popularity of bio-based glycols, driven by environmental concerns and stringent regulations. Additionally, the rise in industrialization and urbanization in emerging economies is fueling the demand for glycols in a wide range of applications. Opportunities in the market lie in the development of innovative products with enhanced properties, such as improved thermal stability and sustainability. The market is also witnessing a trend towards strategic collaborations and partnerships among key players to expand their product portfolios and geographical presence, further driving the market growth. Overall, the Global Glycol Market presents promising prospects for growth and innovation in the coming years.
The Global Glycol Market faces several challenges, including fluctuating raw material prices, environmental regulations, and competition from alternative products. The volatility of feedstock prices, such as crude oil, impacts the overall production costs of glycols. Additionally, stringent environmental regulations regarding emissions and waste disposal pose challenges for glycol manufacturers in terms of compliance costs and operational adjustments. Moreover, the market faces competition from bio-based or eco-friendly alternatives to traditional glycols, driven by increasing consumer demand for sustainable products. Companies in the Global Glycol Market must navigate these challenges effectively by investing in research and development for sustainable practices, optimizing production processes, and adapting to changing market dynamics to maintain their competitive edge.
The Global Glycol Market is primarily driven by the increasing demand for glycols in various end-use industries such as automotive, textile, and pharmaceuticals. The growth of the automotive sector, especially in emerging economies, has led to a rise in the production of antifreeze and coolant products, which are major applications of glycols. Additionally, the expanding textile industry`s use of glycols in the production of polyester fibers and fabrics is contributing to market growth. Furthermore, the pharmaceutical industry`s increasing utilization of glycols in drug formulations and as solvents is fueling market demand. Overall, the versatility of glycols, coupled with their properties such as high boiling points and low toxicity, is driving their adoption across a wide range of industries, thereby propelling the growth of the Global Glycol Market.
Government policies related to the Global Glycol Market primarily focus on environmental regulations and safety standards. Many countries have implemented strict guidelines on the use and disposal of glycols to minimize environmental impact and ensure the safety of workers and consumers. These policies often include restrictions on emissions, wastewater treatment requirements, and guidelines for storage and transport of glycols. Additionally, some governments offer incentives and subsidies to companies that adopt sustainable practices or develop eco-friendly glycol production processes. Overall, the regulatory landscape for the Global Glycol Market is evolving towards greater sustainability and accountability, with an emphasis on reducing carbon footprint and promoting responsible usage of glycols in various industries.
The Global Glycol Market is expected to witness steady growth in the coming years due to increasing demand from various industries such as automotive, textiles, and packaging. Factors driving this growth include the rising use of glycols in antifreeze formulations, coolants, and as a raw material for polyester fibers. Additionally, the growing trend towards eco-friendly products and increasing awareness about the benefits of glycols in reducing energy consumption are expected to further boost market growth. However, challenges such as fluctuating raw material prices and environmental concerns surrounding the production and disposal of glycols may hinder market expansion. Overall, the Global Glycol Market is projected to show promising growth opportunities, particularly in regions like Asia-Pacific and North America, driven by technological advancements and expanding end-user industries.
In the global glycol market, Asia-Pacific is expected to dominate in terms of consumption and production due to the presence of a large number of industries such as automotive, textiles, and food & beverage. North America and Europe are also significant markets for glycol, driven by the increasing demand for antifreeze products and the growing automotive sector. The Middle East and Africa region is witnessing steady growth in glycol consumption, particularly in the oil & gas industry. Latin America is experiencing a rise in glycol demand, driven by the growing industrial sector and increasing investments in infrastructure projects. Overall, the global glycol market is characterized by a strong presence in key regions with varying growth opportunities and challenges.
Global Glycol 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 Glycol Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glycol Market - Industry Life Cycle |
3.4 Global Glycol Market - Porter's Five Forces |
3.5 Global Glycol Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glycol Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Glycol Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Global Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glycol Market Trends |
6 Global Glycol Market, 2021 - 2031 |
6.1 Global Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glycol Market, Revenues & Volume, By Ethylene Glycol, 2021 - 2031 |
6.1.3 Global Glycol Market, Revenues & Volume, By Propylene Glycol, 2021 - 2031 |
6.2 Global Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glycol Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.3 Global Glycol Market, Revenues & Volume, By HVAC, 2021 - 2031 |
6.2.4 Global Glycol Market, Revenues & Volume, By Textiles, 2021 - 2031 |
6.2.5 Global Glycol Market, Revenues & Volume, By Airlines, 2021 - 2031 |
6.2.6 Global Glycol Market, Revenues & Volume, By Medical, 2021 - 2031 |
6.2.7 Global Glycol Market, Revenues & Volume, By Pipeline Maintenance, 2021 - 2031 |
6.3 Global Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Glycol Market, Revenues & Volume, By Automotive and Transportation, 2021 - 2031 |
6.3.3 Global Glycol Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.3.4 Global Glycol Market, Revenues & Volume, By Food and Beverage, 2021 - 2031 |
6.3.5 Global Glycol Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.3.6 Global Glycol Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.3.7 Global Glycol Market, Revenues & Volume, By Textile, 2021 - 2031 |
7 North America Glycol Market, Overview & Analysis |
7.1 North America Glycol Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glycol Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glycol Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glycol Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Latin America (LATAM) Glycol Market, Overview & Analysis |
8.1 Latin America (LATAM) Glycol Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glycol Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glycol Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glycol Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glycol Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 Asia Glycol Market, Overview & Analysis |
9.1 Asia Glycol Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glycol Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glycol Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glycol Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glycol Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
10 Africa Glycol Market, Overview & Analysis |
10.1 Africa Glycol Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glycol Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glycol Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glycol Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glycol Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
11 Europe Glycol Market, Overview & Analysis |
11.1 Europe Glycol Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glycol Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glycol Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glycol Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glycol Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
12 Middle East Glycol Market, Overview & Analysis |
12.1 Middle East Glycol Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glycol Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glycol Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glycol Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glycol Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Glycol Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
13 Global Glycol Market Key Performance Indicators |
14 Global Glycol Market - Export/Import By Countries Assessment |
15 Global Glycol Market - Opportunity Assessment |
15.1 Global Glycol Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glycol Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Glycol Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
16 Global Glycol Market - Competitive Landscape |
16.1 Global Glycol Market Revenue Share, By Companies, 2024 |
16.2 Global Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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