Press release
Ethylene Glycol Market Analysis for Rising Aging Population, Type, Distribution Channel, End-User, Growth Factors and Competitive Landscape till 2031 | Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company.
Ethylene Glycol Market || 2024-2031
DataM Intelligence has published a new research report on "Ethylene Glycol Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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The ethylene glycol market revolves around the production, distribution, and consumption of ethylene glycol, a chemical compound primarily used as an antifreeze and a raw material in the manufacturing of polyester fibers and resins. Ethylene glycol is a colorless, odorless, and sweet-tasting liquid with significant applications in the automotive, textile, and plastic industries. Its ability to lower the freezing point of water makes it essential in antifreeze formulations, while its role as a building block for polyester production contributes to its demand in the textile and packaging sectors.
Key Developments:
On October 16, 2023, BASF SE announced a significant expansion of its production capacities for ethylene oxide and its derivatives at its integrated site in Antwerp, Belgium. This investment will add approximately 400,000 metric tons per year to BASF's production capacity for these products. By establishing new plants, BASF is reaffirming its commitment to supporting its growing customer base and enhancing its market position in Europe.
In a similar vein, on October 17, 2022, the Saudi Basic Industries Corporation (SABIC) expanded its operations by establishing its third Ethylene Glycols Plant under its subsidiary, Jubail United Petrochemicals. The new United Ethylene Glycol Plant is set to begin commercial operations and has an impressive annual production capacity of 700,000 metric tons of Monoethylene Glycol (MEG).
Research Process:
Both primary and secondary data sources have been used in the global Ethylene Glycol Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
List of the Key Players in the Ethylene Glycol Market:
Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.
Segment Covered in the Ethylene Glycol Market:
By Type: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG), Others.
By Technology: Gas-Based, Naptha-Based, Coal-Based, Bio-Based, Methanol-Based, Others.
By Application: Solvent Coupler, Chemical Intermediate, Solvent, Humectant, Others.
By End-User: Transportation, Packaging, Oil & Gas, Building and Construction, Food & Beverages, Sports, Fabric & Textiles, Personal Care & Cosmetics, Medical & healthcare, Others.
Regional Analysis:
The global Ethylene Glycol Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Ethylene Glycol Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Ethylene Glycol Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Ethylene Glycol manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Ethylene Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
Q1) How Big is the Ethylene Glycol Market?
A) Global Ethylene Glycol Market reached US$ 29.2 billion in 2022 and is expected to reach US$ 40.1 billion by 2031
Q2) Who are the key players of Ethylene Glycol Market?
A) Key players are Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.
Q3) What are the regions covered in this report?
A) The global Ethylene Glycol Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa
4) What are the Segments Coverd in this report?
A) The Ethylene Glycol market is segmented as By Type, By Technology, By Application, By End-User, Others.
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