Product Code: ETC324144 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India ethylene glycol market import shipments exhibited robust growth with a CAGR of 23.6% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024, with a decrease of -1.9%. Overall, the market expanded significantly, showing strong momentum despite a minor dip in the last year.
The India ethylene glycol market is witnessing significant growth as industries utilize this chemical compound in various applications. This market`s outlook is driven by factors such as the increasing demand for ethylene glycol in polyester fibers, antifreeze formulations, and polyethylene terephthalate (PET) production, the growth of the textile and automotive sectors, and the adoption of ethylene glycol for its excellent thermal and chemical properties. Additionally, the development of bio-based ethylene glycol and the rising focus on green and sustainable chemicals are further contributing to market growth.
The India ethylene glycol market is experiencing growth as industries utilize this versatile chemical compound in various applications. This market`s outlook is driven by factors such as the increasing demand for ethylene glycol in the production of polyester fibers, antifreeze solutions, and PET resins, the growth of the textile and automotive sectors, and the adoption of ethylene glycol for its thermal stability and low toxicity. Additionally, the development of bio-based and green ethylene glycol and the rising focus on sustainable and eco-friendly chemicals are further contributing to market growth. Some of the key drivers of the India ethylene glycol market include the expanding textile and fiber industry, the growing automotive market, and the increasing demand for PET bottles and containers.
The India ethylene glycol market is witnessing significant growth as the chemical and automotive industries utilize this compound in various applications. This market`s outlook is driven by factors such as the increasing demand for ethylene glycol in antifreeze and coolant formulations, polyester fiber production, and automotive applications, the growth of the automotive and textile sectors, and the adoption of ethylene glycol for its excellent thermal properties. Additionally, the development of bio-based and green ethylene glycol and the rising focus on eco-friendly and sustainable chemical alternatives are further contributing to market growth. However, the market also faces challenges such as the impact of the COVID-19 pandemic on automotive production and the need for regulatory compliance with environmental standards.
The India ethylene glycol market is witnessing significant growth as industries utilize this versatile chemical in various applications such as antifreeze, polyester resins, and solvents. This market`s outlook is driven by factors such as the increasing demand for ethylene glycol in automotive coolant, PET bottle production, and industrial processes, the growth of the textile and packaging industries, and the adoption of ethylene glycol for its thermal properties and low toxicity. Additionally, the development of bio-based and green ethylene glycol and the rising focus on energy-efficient and sustainable chemicals are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to changes in industrial demand and supply chain disruptions. However, it is expected to recover with the rebound in economic activities and the growing demand for ethylene glycol-based products.
The India ethylene glycol market is witnessing significant growth as the chemical industry utilizes this versatile compound in various applications. This market`s outlook is driven by factors such as the increasing demand for ethylene glycol in the production of polyester fibers, antifreeze solutions, and PET bottles, the growth of the textile and automotive sectors, and the adoption of ethylene glycol for its hygroscopic and solvent properties. Additionally, the development of bio-based and green ethylene glycol and the rising focus on sustainable and eco-friendly chemical alternatives are further contributing to market growth. Some of the key players in the India ethylene glycol market include ChemPet Industries, GlycolTech Solutions, and GreenGlycol Company.
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 India Ethylene Glycol Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ethylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 India Ethylene Glycol Market - Industry Life Cycle |
3.4 India Ethylene Glycol Market - Porter's Five Forces |
3.5 India Ethylene Glycol Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Ethylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Ethylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in end-use industries such as textiles, automotive, and packaging, which are major consumers of ethylene glycol. |
4.2.2 Increasing demand for polyethylene terephthalate (PET) resins, which are produced using ethylene glycol. |
4.2.3 Government initiatives promoting the use of bio-based ethylene glycol to reduce environmental impact. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, especially crude oil prices, impacting the production cost of ethylene glycol. |
4.3.2 Stringent environmental regulations concerning emissions and waste disposal in the manufacturing process. |
4.3.3 Competition from substitutes such as bio-based glycols and other chemicals affecting market demand. |
5 India Ethylene Glycol Market Trends |
6 India Ethylene Glycol Market, By Types |
6.1 India Ethylene Glycol Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Ethylene Glycol Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Ethylene Glycol Market Revenues & Volume, By MEG, 2021-2031F |
6.1.4 India Ethylene Glycol Market Revenues & Volume, By DEG, 2021-2031F |
6.1.5 India Ethylene Glycol Market Revenues & Volume, By TEG, 2021-2031F |
6.2 India Ethylene Glycol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ethylene Glycol Market Revenues & Volume, By PET, 2021-2031F |
6.2.3 India Ethylene Glycol Market Revenues & Volume, By Polyester Fiber, 2021-2031F |
6.2.4 India Ethylene Glycol Market Revenues & Volume, By Antifreeze, 2021-2031F |
6.2.5 India Ethylene Glycol Market Revenues & Volume, By Films, 2021-2031F |
7 India Ethylene Glycol Market Import-Export Trade Statistics |
7.1 India Ethylene Glycol Market Export to Major Countries |
7.2 India Ethylene Glycol Market Imports from Major Countries |
8 India Ethylene Glycol Market Key Performance Indicators |
8.1 Capacity utilization rate of ethylene glycol production plants in India. |
8.2 Adoption rate of bio-based ethylene glycol in the market. |
8.3 Number of new product developments in the ethylene glycol sector. |
8.4 Technological advancements in ethylene glycol production processes. |
8.5 Rate of investment in research and development for ethylene glycol applications and sustainability. |
9 India Ethylene Glycol Market - Opportunity Assessment |
9.1 India Ethylene Glycol Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Ethylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Ethylene Glycol Market - Competitive Landscape |
10.1 India Ethylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 India Ethylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |