Ethylene Glycol Market Emerging Technology, Investor Analysis and Worldwide Forecast till 2031 | Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company.

The Ethylene Glycol Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Ethylene Glycol market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Ethylene Glycol Market reached US$ 29.2 billion in 2022 and is expected to reach US$ 40.1 billion by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

The Ethylene Glycol market focuses on the production and use of ethylene glycol, a key raw material primarily used in the manufacture of polyester fibers, resins, and antifreeze. It is also used in the production of plastics, solvents, and hydraulic fluids. The market is driven by the increasing demand for polyester in the textile industry, the growth of the automotive sector, and the expanding use of antifreeze and coolants in various industries. Additionally, rising production capacities and innovations in bio-based ethylene glycol are shaping the market's future growth.

Key Developments:

On October 16, 2023, BASF SE expanded its production capacities for ethylene oxide and its derivatives at its integrated site in Antwerp, Belgium. This investment increases the company's annual production capacity by approximately 400,000 metric tons, reinforcing BASF's commitment to enhancing its market position in Europe and supporting the continued growth of its customer base.

On October 17, 2022, Saudi Basic Industries Corporation (SABIC) expanded its operations with the establishment of its third Ethylene Glycols Plant under its subsidiary, Jubail United Petrochemicals. The new United Ethylene Glycol Plant is set to begin commercial operations, with an annual production capacity of 700,000 metric tons of Monoethylene Glycol (MEG), further strengthening SABIC's leadership in the global petrochemical market.

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.

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.

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 Breakout:

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:

⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, Ethylene Glycol market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Ethylene Glycol Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Ethylene Glycol market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Ethylene Glycol Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently Asked Questions

✹ What is the expected growth rate of the global market for the forecast period?

✹ What are the key driving factors that are responsible to shape the fate of the Ethylene Glycol market during the forecast period?

✹ What will be the overall size of the market during the analysis period?

✹ What are the prominent market trends which influence the development of the Ethylene Glycol market across various regions?

✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

✹ What are the challenges and threats that are likely to act as a barrier to the growth of the Ethylene Glycol market?

✹ What are the major opportunities that the companies can get to attain success in the world?

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