SkyQuest Technology Group recently introduced Ethylene Glycols Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Ethylene Glycols Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Global Ethylene Glycols Market size was valued at USD 24.32 billion in 2023 and is poised to grow from USD 25.60 billion in 2024 to USD 38.71 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
Ethylene glycol is a colorless, slightly viscous chemical substance that is frequently used as antifreeze and an industrial coolant. Additionally, it is used as a raw material to create polyester fibers, fiberglass, and polyethylene terephthalate resin, which is then used to make upholstery, bathtubs, bowling balls, and packing material. It also has a wide range of uses in consumer goods like antifreeze for cars, hydraulic braking fluid, solvents, plastics, paints, films, and cosmetics.
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One of the main factors fueling the market’s expansion is the rapid industrialization taking place all over the world. The growth of the market is also being aided by the rising demand for ethylene glycol in the production of plastic packaging. The market for ethylene glycol is accordingly being driven by the increased use of polyester fibers as a cushioning material in pillows, comforters, and upholstery padding. The introduction of bio-based variants is only one example of the numerous product advancements that are positively impacting the market expansion.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Ethylene Glycols Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Derivative Type
Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol, Others
Application
Polyester Fibers, PET, Antifreeze And Coolants, Films, Others
End Use
Textile Industry, Automotive Industry, Healthcare And Pharmaceuticals, Industrial Applications, Chemical Industry, Packaging Industry, Construction Industry
Ethylene Glycols Market – Regional Analysis:
– Ethylene Glycols North America Market includes (Canada, Mexico, USA)
– Ethylene Glycols Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Ethylene Glycols Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Ethylene Glycols South America Market includes (Brazil, Argentina)
– Ethylene Glycols Oceania Market (Australia & New Zealand)
Top Market Players in Ethylene Glycols Market are:
Dow Inc. (US)
BASF SE (Germany)
SABIC (Saudi Basic Industries Corporation) (Saudi Arabia)
Royal Dutch Shell Plc (UK)
Exxon Mobil Corporation (US)
LyondellBasell Industries Holdings B.V. (Netherlands)
Mitsubishi Chemical Corporation (Japan)
Reliance Industries Limited (India)
India Glycols Limited (India)
Nan Ya Plastics Corporation (Taiwan)
Formosa Plastics Group (Taiwan)
PTT Global Chemical Public Company Limited (Thailand)
Kuraray Co., Ltd. (Japan)
Arkema S.A. (France)
Solvay S.A. (Belgium)
Eastman Chemical Company (US)
Chevron Phillips Chemical Company LLC (US)
Huntsman Corporation (US)
Sasol Limited (South Africa)
Ethylene Glycols Key Market Trends:
In the upcoming years, it is anticipated that the market would develop dramatically due to the use of ethylene oxide in sterilizers. Ethylene glycol possesses antibacterial qualities that make it useful as a disinfectant and in the sterilization of medical equipment. Any number of bacterial illnesses can be treated with ethylene glycol. This raises its worth in the healthcare sector even further. Customers favor purchasing goods that are better wrapped. Thus, the demand for ethylene glycol has increased as a result of the usage of PET in the packaging of numerous goods and beverages.
Also Read –
https://www.globenewswire.com/news-release/2024/12/11/2995144/0/en/Dyes-and-Pigment-Market-to-Augment-Growth-at-USD-57-8-Billion-by-2031-SkyQuest-Technology.html#:~:text=December%2011%2C%202024%2004%3A49,period%20(2024%2D2031).
https://marketanalysisblogs.com/2025/04/04/flow-battery-market-powering-the-future-of-sustainable-energy-storage-solutions/
Forward-Looking Insights
The Ethylene Glycols Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
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