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Ethylene Glycol Market Set to Surge with Rising Demand from Automotive & Textile Sectors | Forecast 2025 | Top key players - Shell plc, Dow Chemical Company, BASF SE.
Ethylene Glycol Market
The latest Ethylene Glycol market research report from DataM Intelligence delivers a comprehensive analysis of the global Ethylene Glycol Market landscape, highlighting emerging trends, market size, competitive dynamics, and key growth drivers. This high-impact report offers strategic insights for investors, marketers, and decision-makers looking to capitalize on current and future market opportunities.
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The Ethylene Glycol Market refers to the global industry involved in the production, distribution, and application of ethylene glycol, a colorless, odorless, and sweet-tasting organic compound. It is primarily used as a raw material in antifreeze formulations, polyester fiber production, and polyethylene terephthalate (PET) resins, serving automotive, textile, packaging, and industrial sectors worldwide due to its versatile chemical properties.
Market Segments
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.
The Ethylene Glycol industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
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Prominent players in the Ethylene Glycol Market
The prominent players in Ethylene Glycol market research report 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.
These companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry Developments:
On October 16, 2023, BASF SE expanded its ethylene oxide and derivatives production capacity by 400,000 metric tons annually at its Antwerp, Belgium site. This strategic investment supports BASF's growing customer base and reinforces its market leadership in Europe.
On October 17, 2022, Saudi Basic Industries Corporation (SABIC), through its subsidiary Jubail United Petrochemicals, announced the establishment of its third Ethylene Glycols Plant. The United Ethylene Glycol Plant is set to commence commercial operations with a capacity of 700,000 metric tons per year of Monoethylene Glycol (MEG).
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Regions Covered:
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
FAQs:
✒ What are the primary drivers fueling growth in the Ethylene Glycol Market today?
✒ Which companies are currently leading innovation and market share in the Ethylene Glycol Market?
✒ In what ways is the current regulatory environment influencing the Ethylene Glycol Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Ethylene Glycol Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Ethylene Glycol Market?
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