| Product Code: ETC13319720 | 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 Glycols Market was valued at USD 35 Billion in 2024 and is expected to reach USD 51.27 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Glycols Market is expected to experience substantial growth driven by increasing demand from various end-use industries such as automotive, textiles, and packaging. Ethylene glycol and propylene glycol are the two most commonly used glycols, with ethylene glycol particularly favored in automotive applications due to its anti-freezing properties. The market is also witnessing a growing trend towards bio-based glycols as companies focus on sustainability and reducing carbon footprint. Asia-Pacific region is anticipated to dominate the glycols market, attributed to rapid industrialization and urbanization in countries like China and India. Key players in the market are investing in research and development to innovate new applications and enhance product quality, aiming to capitalize on the expanding market opportunities.
The Global Glycols Market is witnessing steady growth driven by the increasing demand for ethylene glycol in applications such as automotive coolants, antifreeze, and polyester fibers. Additionally, propylene glycol is experiencing a surge in demand due to its widespread use in food and beverage, pharmaceuticals, and cosmetics. The market is also seeing opportunities in the development of bio-based glycols as a sustainable alternative to petrochemical-based products, catering to the growing environmental concerns among consumers. Furthermore, the Asia-Pacific region is emerging as a key market for glycols, supported by rapid industrialization and urbanization in countries like China and India. Overall, the Global Glycols Market presents promising opportunities for innovation, sustainability, and market expansion.
The Global Glycols Market faces various challenges including fluctuating raw material prices, stringent environmental regulations, and increasing competition from alternative products. The volatility in crude oil prices directly impacts the prices of glycols as they are derived from petroleum feedstocks. Environmental concerns regarding the production and disposal of glycols have led to stricter regulations, pushing companies to invest in sustainable production methods. Additionally, the market is witnessing a shift towards bio-based glycols as a more environmentally friendly alternative, leading to increased competition for traditional glycols. Adapting to these challenges by investing in sustainable practices, developing innovative products, and establishing strategic partnerships will be crucial for companies operating in the Global Glycols Market to maintain a competitive edge and ensure long-term growth.
The Global Glycols Market is primarily driven by the increasing demand for polyethylene terephthalate (PET) packaging in industries such as food and beverage, pharmaceuticals, and personal care. The growing preference for PET packaging due to its lightweight, recyclable, and durable properties is fueling the demand for glycols, which are essential raw materials in PET production. Additionally, the expanding automotive industry and the rising adoption of antifreeze and coolants in vehicles are also contributing to the growth of the glycols market. Furthermore, the increasing use of glycols in industries such as textiles, cosmetics, and HVAC systems is expected to drive market growth in the coming years. Innovations in glycol production processes and the development of bio-based glycols are also key factors shaping the future of the Global Glycols Market.
Government policies related to the Global Glycols Market vary by country, but there are some common trends. Many governments are implementing regulations to promote the use of bio-based glycols over petroleum-based ones to reduce carbon emissions and dependence on fossil fuels. Additionally, there are initiatives to encourage the recycling and reuse of glycols to minimize waste and promote sustainability. Some governments also offer incentives, such as tax credits or subsidies, to companies that invest in research and development of innovative glycols technologies. Overall, the focus is on promoting environmental sustainability and reducing the carbon footprint of the glycols industry through regulatory measures and incentives.
The Global Glycols Market is expected to witness steady growth in the coming years, driven by increasing demand from end-use industries such as automotive, textiles, and packaging. The growing use of glycols in various applications such as antifreeze, solvents, and resins is a key factor contributing to market expansion. Additionally, the rising focus on sustainable and eco-friendly products is likely to drive the demand for bio-based glycols, offering further growth opportunities. Technological advancements and innovation in glycol production processes are also expected to propel market growth. However, challenges such as fluctuating raw material prices and environmental regulations may hinder the market`s growth to some extent. Overall, the Global Glycols Market is poised for growth, supported by diverse applications and evolving consumer preferences.
In the Global Glycols Market, Asia-Pacific is witnessing significant growth due to the expanding automotive and textile industries in countries like China and India. North America is experiencing steady demand for glycols, driven by the automotive sector and the increasing adoption of bio-based glycols. Europe is focusing on sustainability, leading to a shift towards eco-friendly glycols in industries such as packaging and automotive. The Middle East and Africa region is seeing growth in glycols consumption in the construction and automotive sectors. Latin America is also showing potential growth opportunities in the glycols market, particularly in the pharmaceutical and personal care industries. Overall, the global glycols market is expected to continue growing across all regions, with a strong emphasis on sustainability and innovation.
Global 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 Glycols Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glycols Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glycols Market - Industry Life Cycle |
3.4 Global Glycols Market - Porter's Five Forces |
3.5 Global Glycols Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glycols Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Glycols Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Glycols Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Global Glycols Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glycols Market Trends |
6 Global Glycols Market, 2021 - 2031 |
6.1 Global Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glycols Market, Revenues & Volume, By Ethylene Glycol, 2021 - 2031 |
6.1.3 Global Glycols Market, Revenues & Volume, By Propylene Glycol, 2021 - 2031 |
6.2 Global Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glycols Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.3 Global Glycols Market, Revenues & Volume, By HVAC, 2021 - 2031 |
6.2.4 Global Glycols Market, Revenues & Volume, By Textiles, 2021 - 2031 |
6.2.5 Global Glycols Market, Revenues & Volume, By Airlines, 2021 - 2031 |
6.2.6 Global Glycols Market, Revenues & Volume, By Medical, 2021 - 2031 |
6.2.7 Global Glycols Market, Revenues & Volume, By Pipeline Maintenance, 2021 - 2031 |
6.2.8 Global Glycols Market, Revenues & Volume, By Polyester Fibers and Resins, 2021 - 2031 |
6.2.9 Global Glycols Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Glycols Market, Revenues & Volume, By Automotive and Transportation, 2021 - 2031 |
6.3.3 Global Glycols Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.3.4 Global Glycols Market, Revenues & Volume, By Food and Beverage, 2021 - 2031 |
6.3.5 Global Glycols Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.3.6 Global Glycols Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.3.7 Global Glycols Market, Revenues & Volume, By Textile, 2021 - 2031 |
6.3.8 Global Glycols Market, Revenues & Volume, By Other, 2021 - 2031 |
7 North America Glycols Market, Overview & Analysis |
7.1 North America Glycols Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glycols Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glycols Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glycols Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
8 Latin America (LATAM) Glycols Market, Overview & Analysis |
8.1 Latin America (LATAM) Glycols Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glycols Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glycols Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
9 Asia Glycols Market, Overview & Analysis |
9.1 Asia Glycols Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glycols Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glycols Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
10 Africa Glycols Market, Overview & Analysis |
10.1 Africa Glycols Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glycols Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glycols Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
11 Europe Glycols Market, Overview & Analysis |
11.1 Europe Glycols Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glycols Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glycols Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
12 Middle East Glycols Market, Overview & Analysis |
12.1 Middle East Glycols Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glycols Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glycols Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glycols Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glycols Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glycols Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Glycols Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Glycols Market, Revenues & Volume, By End user, 2021 - 2031 |
13 Global Glycols Market Key Performance Indicators |
14 Global Glycols Market - Export/Import By Countries Assessment |
15 Global Glycols Market - Opportunity Assessment |
15.1 Global Glycols Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glycols Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Glycols Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Glycols Market Opportunity Assessment, By End user, 2021 & 2031F |
16 Global Glycols Market - Competitive Landscape |
16.1 Global Glycols Market Revenue Share, By Companies, 2024 |
16.2 Global Glycols 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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