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Ethylene Glycol Market worth $23.51 billion by 2030, growing at a CAGR of 5.03% - Exclusive Report by 360iResearch
Ethylene Glycol Market | 360iResearch
The Global Ethylene Glycol Market to grow from USD 16.67 billion in 2023 to USD 23.51 billion by 2030, at a CAGR of 5.03%.
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Ethylene glycol (C2H6O2), also known as monoethylene glycol (MEG), is a colorless, virtually odorless, sweet-tasting viscous liquid and organic compound widely utilized within the chemical industry. Primary uses of ethylene glycol include serving as a raw material for the production of polyester fibers and antifreeze formulations. It exhibits properties such as hygroscopicity and freezing point depression, making it valuable in applications requiring lowering freezing points or retaining moisture. The primary driver for the ethylene glycol market is its extensive use in the production of polyester fibers, which are crucial for the textile industry. Additionally, the growing automotive sector fuels demand for antifreeze and coolant applications, where ethylene glycol plays a crucial role. Despite these positive growth prospects, health and environmental concerns associated with ethylene glycol hinder market growth. However, emerging developments and applications of bio-based ethylene glycol offer new growth opportunities for market players.
The ethylene glycol market in the Americas has shown consistent growth, driven by the demand in the automotive and pharmaceutical industries. The United States remains a significant contributor, leveraging its advanced petrochemical industry. On the other hand, Latin America is witnessing modest growth, primarily propelled by the automotive sector and polyester fiber production for textiles. Europe's strict environmental regulations have led to innovations in bio-based ethylene glycol, attracting investments and creating new market opportunities. Meanwhile, the Middle East capitalizes on its abundant petrochemical resources and presents a strong market landscape. Asia-Pacific is the fastest-growing region in the global ethylene glycol market, with demand closely tied to the booming polyester fiber industry and antifreeze production. Additionally, the region benefits from competitive manufacturing costs and an expansive industrial base.
Market Segmentation & Coverage:
This research report categorizes the Ethylene Glycol Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Diethylene Glycol, Monoethylene Glycol, and Triethylene Glycol. The Monoethylene Glycol is projected to witness significant market share during forecast period.
Based on Production Method, market is studied across Bio-based Production and Ethylene Oxide-Based Production. The Ethylene Oxide-Based Production is projected to witness significant market share during forecast period.
Based on End-use Industry, market is studied across Automotive, Chemical Intermediates, Packaging, Pharmaceutical, and Textile. The Automotive is projected to witness significant market share during forecast period.
Based on Application, market is studied across Antifreeze & Coolants, Chemical Synthesis, PET Resins, Polyester Fibers, and Solvents. The PET Resins is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.67% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Ethylene Glycol Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Ethylene Glycol Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Ethylene Glycol Market, highlighting leading vendors and their innovative profiles. These include BASF SE, China Petrochemical Corporation, Ennore India Chemical International, EQUATE Petrochemical Company, ExxonMobil Corporation, HELM AG, Henan GP Chemicals Co.,Ltd., INEOS AG, Lotte Chemical Corporation, Mahakali Industries, Merck KGaA, Nan Ya Plastics Corporation, Otto Chemie Pvt Ltd, Reliance Industries Limited, Saudi Basic Industries Corporation, Shell PLC, Siddhi Vinayak Industries, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., Ultrapar Participacoes Sa, Vizag Chemical International, VWR International, LLC, and Zhishang Chemical.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Ethylene Glycol Market, by Type
7. Ethylene Glycol Market, by Production Method
8. Ethylene Glycol Market, by End-use Industry
9. Ethylene Glycol Market, by Application
10. Americas Ethylene Glycol Market
11. Asia-Pacific Ethylene Glycol Market
12. Europe, Middle East & Africa Ethylene Glycol Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Ethylene Glycol Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Ethylene Glycol Market?
3. What is the competitive strategic window for opportunities in the Ethylene Glycol Market?
4. What are the technology trends and regulatory frameworks in the Ethylene Glycol Market?
5. What is the market share of the leading vendors in the Ethylene Glycol Market?
6. What modes and strategic moves are considered suitable for entering the Ethylene Glycol Market?
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