United States Ethylene Glycol Market Growth Potential Till 2032 | Most Leading Companies - Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.

DataM Intelligence has published a new research report on "Ethylene glycol Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

The International Trade Administration (ITA) reports that China expects to produce 35 million vehicles by 2025. In the Netherlands, registered road vehicles increased from 11,287,017 in 2018 to 11,495,837 in 2019 and 11,703,420 in 2020, according to Statistics Netherlands (CBS).

The textile industry relies on polyethylene terephthalate resin, with polyester fibers primarily produced using ethylene glycol, such as mono ethylene glycol. For instance, India announced the Non-Woven Fabric Manufacturing Expansion Project in Himachal Pradesh, valued at INR 220 million (US$ 2.9 million)

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Market Trends

Several Indian-made cough syrups have been found contaminated with toxic industrial chemicals, including ethylene glycol (EG) and diethylene glycol (DEG), which have been linked to the deaths of children in India and multiple countries since 2019. These chemicals are toxic and not meant for pharmaceutical use, instead often mistakenly or illegally used as cheap substitutes for safe solvents like propylene glycol.

The Indian government and health authorities are conducting strict testing and inspection of these cough syrups, including recent batches of Coldrif from Sresan Pharmaceuticals, which contained dangerously high levels of DEG (up to 48.6%) well above permissible limits. EG was also detected in some cases.

The World Health Organization (WHO) has developed updated testing methods to detect EG and DEG contamination in liquid pharmaceutical preparations and is advising stricter regulatory controls to prevent such adulterations.

India is taking regulatory and legal actions against implicated manufacturers, tightening manufacturing practice standards, and launching public health advisories after these contamination-linked pediatric deaths raised significant global alarm.

Key Players:

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.

Key Development:

On October 16, 2023, BASF SE increased ethylene oxide and derivatives production at its Antwerp, Belgium site, adding around 400,000 metric tons per year. This expansion strengthens BASF's market position in Europe and supports its growing customer base.

On October 17, 2022, Saudi Basic Industries Corporation (SABIC), through its subsidiary Jubail United Petrochemicals, established its third Ethylene Glycols Plant. The United Ethylene Glycol Plant has an annual capacity of 700,000 metric tons of Monoethylene Glycol (MEG) and is set to begin commercial operations.

The Indian government announced a textile processing project in Maharashtra with a budget of INR 905 million (about US$ 12.2 million). In Vietnam, over 70% of enterprises are involved in textile production, driving regional demand for ethylene glycol and supporting Asia-Pacific market growth in the coming years.

Additionally, the Vietnamese government plans to expand the paint coating sector with a 2030 target, projecting the industry's output value to grow at an average rate of up to 14% between 2021 and 2030.

Growth Forecast Projected:

The Global Ethylene glycol Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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.

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.

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Key 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)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Ethylene glycol producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Ethylene glycol revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Ethylene glycol Market?

A: The Ethylene glycol Market stood at US$ 29.2 billion in 2022 and is set to experience remarkable growth, reaching US$ 40.1 billion by 2031

Q2: How fast is the Ethylene glycol Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 4.2% from 2025 to 2032

Q3: Which regions are dominating the Ethylene glycol Market and which are fastest-growing?

A: Asia-Pacific dominating the Ethylene glycol market.

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