Press release
Glycol Market valued at USD 37.6 billion in 2024 and is projected to reach USD 53.9 billion by 2030
Glycol Market
The Glycol Market is growing steadily due to rising demand from automotive, textiles, construction, packaging, pharmaceuticals, and chemical processing industries. Glycols-primarily ethylene glycol (EG) and propylene glycol (PG)-are widely used in antifreeze formulations, polyester fiber production, PET resin manufacturing, coolants, de-icing fluids, solvents, and pharmaceutical excipients.
The global market is valued at USD 37.6 billion in 2024 and is projected to reach USD 53.9 billion by 2030, growing at a CAGR of 6.1% during 2024-2030. Growth is driven by expanding automotive coolant demand, rapid polyester fiber production in Asia, and increasing use of glycols in food, personal care, and pharmaceutical formulations.
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Market Growth (2024-2030)
• Market Size 2024: USD 37.6 billion
• Market Size 2030: USD 53.9 billion
• CAGR: 6.1%
Asia-Pacific remains the global leader due to strong polyester fiber manufacturing in China and India, along with expanding construction and automotive maintenance sectors.
Key Market Drivers
• Growing demand for polyester fibers in textiles and packaging
• Expansion of PET bottle production for beverages and consumer goods
• Rising consumption of automotive antifreeze and coolants
• Increased use of glycols in pharmaceuticals and personal care products
• Growth in construction chemicals, de-icing fluids, and heat transfer solutions
• Shift toward bio-based propylene glycol due to sustainability regulations
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Market Segmentation
By Type
• Ethylene Glycol (EG)
o Monoethylene Glycol (MEG)
o Diethylene Glycol (DEG)
o Triethylene Glycol (TEG)
• Propylene Glycol (PG)
o Industrial Grade
o Pharmaceutical / Food Grade
• Bio-Based Glycols
• Others (Butyl Glycol, Hexylene Glycol, etc.)
By Application
• Polyester Fiber
• PET Resin
• Automotive Antifreeze & Coolants
• Industrial Solvents
• Pharmaceuticals & Personal Care
• Food & Beverage Additives
• De-Icing Fluids
• Heat Transfer Fluids
• Construction Chemicals
By End-Use Industry
• Automotive
• Chemicals & Petrochemicals
• Textiles & Apparel
• Packaging
• Pharmaceuticals
• Food & Beverage
• Cosmetics & Personal Care
• HVAC & Industrial Cooling
• Construction & Infrastructure
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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Key Market Trends
• Rising adoption of bio-based glycols driven by clean-label and eco-friendly initiatives
• Increased use of glycols in HVAC systems for heat transfer efficiency
• Growth in PET bottle consumption for packaged foods and beverages
• Expansion of automotive maintenance & coolant replacement cycles
• Development of high-purity pharmaceutical-grade glycols
• Growing integration in de-icing and anti-icing applications for aviation and cold climates
Competitive Landscape
Leading companies operating in the Glycol Market include:
• BASF SE
• Dow Chemical Company
• LyondellBasell
• Shell Chemicals
• SABIC
• India Glycols Limited
• MEGlobal
• Huntsman Corporation
• INEOS Group
• ADM (Bio-Based PG)
These companies focus on capacity expansion, technological upgrades, bio-based glycol production, and improved supply chain integration.
Recent Developments
• Expansion of MEG production plants to support polyester and PET demand
• New investments in bio-based propylene glycol facilities in North America & Europe
• Rising adoption of glycols in electric vehicle (EV) thermal management systems
• Chemical companies launching ultra-pure glycols for pharmaceutical and cosmetic applications
• Development of integrated value chains from bio-ethanol to renewable glycols
• Increased production of TEG-based dehumidifying and air purification solutions
This report is also available in the following languages : Japanese (グリコール市場), Korean (글리콜 시장), Chinese (乙二醇市场), French (Marché du glycol), German (Glykolmarkt), and Italian (Mercato del glicole), etc.
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