Ethylene Glycol Market Outlook: Competitor Insights and Market Forecast Through 2024-2031 | Shell plc, Dow Chemical Company, BASF SE.

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.

Ethylene Glycol Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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The Ethylene Glycol market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The Ethylene Glycol Market focuses on the production and supply of ethylene glycol, a versatile chemical used primarily in the manufacture of antifreeze, coolants, and polyethylene terephthalate (PET) plastics. It is also used in applications like polyester fibers, resins, and automotive coolants. The market is growing due to the increasing demand for PET in packaging, the rise in automotive production, and the need for efficient cooling systems in industrial applications. Furthermore, the expanding textile and consumer goods industries are driving the demand for ethylene glycol.

Forecast Growth Projected:

The Global Ethylene Glycol Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

Industry Development:

On October 16, 2023, BASF SE expanded its production capacities for both ethylene oxide and its derivatives at its integrated site in Antwerp, Belgium. This expansion adds approximately 400,000 metric tons per year to BASF's production capacity for these products. The new plants underscore the company's dedication to meeting the growing demand from its customer base while solidifying its position in the European market.

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 United Ethylene Glycol Plant is set to begin commercial operations, with a production capacity of 700,000 metric tons annually of Monoethylene Glycol (MEG), further strengthening SABIC's footprint in the ethylene glycol market.

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Regional Break out:

The global Ethylene Glycol Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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:

➠ What is the global sales value, production value, consumption value, import and export of Ethylene Glycol market?

➠ Who are the global key manufacturers of the Ethylene Glycol Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Ethylene Glycol market opportunities and threats faced by the vendors in the global Ethylene Glycol Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Ethylene Glycol market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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