Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR72639

  • Latest News- Ethylene Glycol Market: MEG is expected to lead the Type segment during 2025-2029

    The Ethylene Glycol Market is being driven by Rising demand for polyester fibers

    The Ethylene Glycol Market is expected to grow at a CAGR of 8.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18421.6 million. In the global ethylene glycol market, there is a growing emphasis on sustainable production methods due to increasing regulatory requirements, environmental objectives, and technological innovations. A significant development in this regard is the successful pilot testing of a biomass-to-bio-based ethylene glycol process by researchers from the Dalian Institute of Chemical Physics and SinoSci Bio-EG in China. This groundbreaking catalytic conversion technology transforms sugars derived from starch and corn stalks into ethylene glycol through a highly selective and efficient system. With a pilot production capacity of 1,000 tonnes per year, this renewable process provides a viable alternative to traditional petroleum- and coal-based methods, reducing reliance on fossil fuels and contributing to a more sustainable ethylene glycol market. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • MEG
      • DEG
      • TEG
    • Application
      • Polyester fiber and films
      • PET
      • Antifreeze and coolant
      • Others
    • Industry Application
      • Textile
      • Packaging
      • Automotive
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • North America
        • US
      • Europe
        • Germany
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Rising demand for polyester fibers
      • Growth in electric vehicle sector
      • Industrialization in emerging economies

      However, the market also witnesses some limitations, which are as follows:

      • Environmental and regulatory pressures
      • Fluctuating crude oil prices
      • Overcapacity in key regions

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      Market Scope in Ethylene Glycol Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      242

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 8.9%

      Market growth 2025-2029

      USD 18421.6 million

      Market structure

      fragmentation

      YoY growth 2024-2025(%)

      8.4

      Key countries

      China, India, US, South Korea, Japan, Germany, Russia, Saudi Arabia, Iran, Brazil, US, China, India, South Korea, and Taiwan

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Ethylene Glycol market encompasses various applications, including glycol ethers and ethylene glycol derivatives, which find use in polyester fibers, pet bottles, antifreeze formulations, coolant blends, and solvent applications. In addition, ethylene glycol is utilized in resin production, polymer synthesis, and as chemical intermediates. Global production exceeds 20 million tons annually, with regional markets exhibiting varying demand drivers. Disruptions in supply chains, manufacturing processes, and quality control are key challenges, while safety regulations, environmental impact, sustainability initiatives, recycled content, bio-based alternatives, and consumption patterns also influence market trends.

      Market Research Overview

      The global commodity chemicals market encompasses businesses specializing in the production of industrial and basic chemicals, such as monoethylene glycol (meg), diethylene glycol (deg), triethylene glycol (teg), polyethylene glycol (peg), and propylene glycol. This market excludes companies engaged in the production of diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the commodity chemicals market size is determined by the consolidated revenue generated by manufacturers of industrial and basic chemicals. Key growth drivers for the global commodity chemicals market include the increasing demand for plastic packaging. Plastic is the dominant material in the packaging industry, with continuous innovation leading to the development of lightweight, corrosion-resistant materials, thereby influencing the use of chemicals in the manufacture of plastic packaging.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


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      Technavio Research
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      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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