Key Trends Reshaping the Glycol Market: Valvoline Introduces Advanced Glycol-Based Coolant For Enhanced Engine Protection Industry Transformation

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Glycol Market Size Growth Forecast: What to Expect by 2025?
In recent times, the glycol market has seen robust growth. The market value, which was $42.23 billion in 2024, is anticipated to surge to $45.54 billion in 2025, expanding at a compound annual rate (CAGR) of 7.8%. Factors such as industrial growth and expansion, development of urbanization and infrastructure, progress in the automotive industry, the demand for refrigeration and air conditioning, and consumer product manufacturing have significantly contributed to this historical growth.

How Will the Glycol Market Size Evolve and Grow by 2029?
The size of the glycol market is anticipated to experience substantial growth in the upcoming years. It is projected to expand to $62.02 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. The expansion during the prediction period can be linked to the emphasis on renewable feedstocks, increasing demand for bio-based glycols, escalating demand in HVAC systems, the growth of the electronics industry, and the amplification of LNG infrastructure. The major trends for the forecast period comprise advances in glycol manufacturing technology, circular economy initiatives, smart glycol solutions, greater cooperation in research and development, and the use of glycol in energy storage.

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What Drivers Are Propelling the Growth of Glycol Market Forward?
The glycol market's growth is expected to be fueled by the burgeoning automotive industry. The term "automotive industry" refers to the sector engaged in the creation, manufacturing, promotion, and distribution of motor vehicles such as cars, trucks, motorcycles, and other types of vehicles. Glycol is often employed as a critical component in engine coolants and antifreeze concoctions in the automobile field. It aids in managing engine heat by reducing the chance of overheating during high temperatures and avoiding freezing during low temperatures. For example, the European Automobile Manufacturers' Association, a Belgium-based organization for vehicle industry, reported in March 2024 that there was a significant 13.9% increase in the EU car market in 2023 compared to 2022, hitting a total of 10.5 million units. As a result, the surge in the automotive industry is a significant contributor to the glycol market's growth.

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Which Emerging Trends Are Transforming the Glycol Market in 2025?
The emergence of product creations is becoming a significant trend in the glycol marketplace. To maintain their competitive edge, businesses involved in the glycol industry are concentrating on developing innovative products and solutions. For instance, Valvoline Inc., a retail automotive services company based in the USA, introduced Valvoline Advanced Coolant, a cutting-edge full-antifreeze coolant based on glycol, in August 2022. This fresh coolant offers protection under very hot and cold environmental conditions, shielding against overheating and frigid weather for uninterrupted engine operation. It's backward-compatible with all cooling systems using OAT coolants. The product utilizes an advanced blend to extend a vehicle engine's lifespan. Its ethylene glycol-based composition includes a long-lasting organic-acid technology, making it ideal for harsh circumstances and potentially helping to extend engine life.

What Are the Key Segments in the Glycol Market?
The glycol market covered in this report is segmented -

1) By Type: Ethylene Glycol, Propylene Glycol, Other Types
2) By Application: Antifreeze And Coolants, Polyester Fiber Production, PET Bottles And Packaging, Solvents And Humectants, Dehydrating Agent, Chemical Intermediates
3) By End User: Automotive And Transportation, Packaging, Food And Beverage, Cosmetics, Textile, Other End-Users

Subsegments:
1) By Ethylene Glycol: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)
2) By Propylene Glycol: Industrial Grade Propylene Glycol, Food Grade Propylene Glycol, Pharmaceutical Grade Propylene Glycol
3) By Other Types: Butylene Glycol, Glycerin, Sorbitol

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Who Are the Key Players Shaping the Glycol Market's Competitive Landscape?
Major companies operating in the glycol market include ADEKA Corporation, Shell Plc, Chevron Phillips Chemical Company, Mitsubishi Chemical Corporation, The Archer-Daniels-Midland Company, Repsol S.A., The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., Global Bio-chem Technology Group Company Limited, Honeywell International Inc., Sumitomo Chemical Co. Ltd., INEOS Group Limited, Indorama Ventures, LOTTE Chemical Corporation, Solvay SA, Mitsui Chemicals Inc., DuPont, Akzo Nobel, Eastman Chemical Company, Celanese Corporation, Lanxess AG, Huntsman International LLC, Formosa Plastics Corporation, Nouryon Chemicals, Clariant AG, BASF SE, India Glycols Limited, SKC Inc., Meglobal International fze

What Geographic Markets Are Powering Growth in the Glycol Market?
Asia-Pacific was the largest region in the glycol market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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