Ethylene Glycol Market to hit US$ 40.1 Billion by 2031 | Top Companies - Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company

Leander, Texas and Tokyo, Japan - Dec.22.2025
As per DataM intelligence research report" 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." Automotive and industrial cooling applications continue to drive strong demand for ethylene glycol.

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United States: Recent Industry Developments

✅ In November 2025, Dow announced the startup of a new low-carbon ethylene glycol pilot plant in Texas The facility uses carbon capture technology to reduce the emissions intensity of production It supports the decarbonization of the U.S. chemical supply chain

✅ In October 2025, Lotte Chemical USA ramped up production of monoethylene glycol (MEG) at its Louisiana complex The increase aims to supply the domestic PET resin market for beverage bottling It addresses the supply tightness caused by recent logistics disruptions

✅ In September 2025, MEGlobal (Equate) launched a new bio-based ethylene glycol grade for the U.S. textile industry The product is derived from renewable feedstocks but offers identical performance to fossil-based MEG It helps U.S. fashion brands meet their 2030 sustainability targets

✅ In August 2025, Shell Chemical successfully tested a new catalyst that improves the selectivity of ethylene glycol production The innovation reduces waste byproducts and lowers energy consumption at their Pennsylvania plant It enhances the operational efficiency of U.S. petrochemical assets

Japan: Recent Industry Developments

✅ In December 2025, Mitsubishi Chemical Group announced the restructuring of its ethylene glycol production in Japan The company is shifting focus toward high-value functional glycols for electronics It responds to the intense price competition from overseas commodity producers

✅ In November 2025, Maruzen Petrochemical partnered with a recycling firm to produce glycol from waste plastics The chemical recycling process converts mixed plastic waste back into basic monomers It promotes a circular economy for petrochemicals in Japan

✅ In October 2025, Nippon Shokubai expanded its capacity for specialized glycol ethers used in semiconductor processing The high-purity solvents are critical for the cleaning steps in advanced chip manufacturing It supports the resurgence of the Japanese semiconductor industry

✅ In September 2025, UBE Corporation developed a new ethylene glycol-based electrolyte for Li-ion batteries The material improves the thermal stability of batteries for electric vehicles It diversifies the application of glycols beyond traditional polyester markets

Ethylene Glycol Market: Drivers
Ethylene glycol is a versatile chemical used in automotive antifreeze, industrial coolants, and polyester production. Its properties, including low freezing point and high thermal stability, make it suitable for diverse applications. Manufacturers are innovating in high-purity, biodegradable, and low-toxicity variants. Industrial demand is supported by textile, plastics, and chemical sectors. Environmental regulations are encouraging sustainable production and recycling practices. The chemical remains integral to automotive, construction, and industrial operations worldwide.

Growing urbanization and industrialization drive ethylene glycol consumption across global markets. Production technologies focus on energy efficiency and waste reduction to meet sustainability targets. Research is ongoing for alternative raw materials and green synthesis methods. Regulatory compliance ensures safe handling, storage, and transport of ethylene glycol. Its versatility and industrial relevance secure steady demand. Ethylene glycol remains a key raw material in modern industrial chemistry.

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Ethylene Glycol Market: Major Players
The major global players in the market include 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
The market is segmented into monoethylene glycol (MEG) 50%, diethylene glycol (DEG) 25%, triethylene glycol (TEG) 15%, and others 10%, with MEG dominating due to its extensive use in polyester production, antifreeze formulations, and industrial applications. DEG and TEG are growing steadily in chemical intermediates, solvents, and industrial processes. Expanding demand from textiles, packaging, and automotive industries supports market growth.

By Technology
Technology types include gas-based 30%, naphtha-based 25%, coal-based 15%, bio-based 10%, methanol-based 10%, and others 10%, with gas-based production dominating due to efficiency, scalability, and established infrastructure. Naphtha-based and coal-based technologies are growing in regions with abundant feedstock. Bio-based and methanol-based methods are emerging with sustainability and green chemical trends driving adoption.

By Application
Applications include solvent coupler 25%, chemical intermediate 30%, solvent 15%, humectant 10%, and others 20%, with chemical intermediates and solvent couplers dominating due to use in polyester fibers, resins, and antifreeze formulations. Solvents and humectants are steadily growing in personal care, food, and industrial applications. Expanding industrial output and downstream chemical demand drive market adoption.

By End-User
End-users include transportation 25%, packaging 20%, oil & gas 15%, building & construction 10%, food & beverages 5%, sports 5%, fabric & textiles 10%, personal care & cosmetics 5%, medical & healthcare 3%, and others 2%, with transportation, packaging, and oil & gas dominating due to use in antifreeze, PET production, and industrial chemicals. Fabric & textiles and building applications are growing with rising industrialization and urbanization. Increasing industrial demand and infrastructure development support market growth.

Regional Analysis
North America - 30% Share
North America leads with 30% share due to high industrial output, transportation demand, and strong presence of key market players in the U.S. and Canada. MEG dominates by type, chemical intermediate and solvent applications lead, and gas-based technology is widely used. Transportation and packaging sectors drive end-user demand. Advanced manufacturing infrastructure and regulatory compliance support growth.

Europe - 25% Share
Europe holds 25% share with key markets in Germany, France, and the UK. MEG and DEG dominate types. Chemical intermediates and solvent couplers are primary applications. Gas-based and naphtha-based technologies are prevalent. Transportation, packaging, and textiles are leading end-user segments. Sustainability initiatives and green technology adoption boost growth.

Asia-Pacific - 25% Share
Asia-Pacific accounts for 25% share with high demand in China, India, and Japan. MEG dominates type, chemical intermediates and solvent couplers lead applications. Gas-based and coal-based technologies are widely used. End-users include transportation, packaging, and textiles. Rapid industrialization, urbanization, and polyester production drive market adoption.

South America - 10% Share
South America records 10% share with Brazil and Argentina as key markets. MEG and DEG dominate type. Chemical intermediates and solvent applications lead. Gas-based technology is widely adopted. Transportation and packaging end-users drive growth. Expanding industrial base and infrastructure development support market growth.

Middle East & Africa - 10% Share
Middle East & Africa hold 10% share with adoption in UAE, Saudi Arabia, and South Africa. MEG dominates type. Applications include chemical intermediates and solvent couplers. Gas-based and naphtha-based technologies are prevalent. Transportation, oil & gas, and packaging sectors are major end-users. Increasing industrialization, petrochemical investment, and infrastructure development drive market growth.

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