에틸렌글리콜 시장 : 제품 유형, 순도 등급, 제조 방법, 용도, 최종 이용 산업별 - 세계 예측(2025-2030년)

The Ethylene Glycol Market was valued at USD 19.05 billion in 2024 and is projected to grow to USD 20.08 billion in 2025, with a CAGR of 5.47%, reaching USD 26.24 billion by 2030.

Ethylene Glycol has emerged as a crucial chemical intermediate underpinning various industries worldwide. Its varied applications and versatile properties make it an essential component in manufacturing antifreeze, PET resins, and polyester fibers. In today's dynamic industrial landscape, the significance of Ethylene Glycol is continually being redefined by innovation, sustainability mandates, and emerging market demands. This report systematically examines the multifaceted roles and emerging trends of Ethylene Glycol, drawing on the latest market data and industry insights. By delving into robust research and precise analysis, the narrative here lays a firm groundwork for decision-makers seeking to understand both the challenges and the promising opportunities within this sector. With a critical emphasis on how evolving production techniques and shifting consumer preferences are altering the competitive environment, the document establishes a comprehensive framework for assessing the market's potential. Seamlessly combining historical performance with forward-looking trends, this introduction sets the stage for a deep dive into strategic segmentation, regional dynamics, and actionable recommendations intended to empower industry leaders. In doing so, it not only highlights the current state of the market but also offers valuable foresight into its future evolution.

Transformative Shifts in the Landscape

Recent advancements have dramatically reshaped the Ethylene Glycol market, driven by a combination of regulatory pressures, technological breakthroughs, and shifting end-user demands. Over the past few years, market players have been forced to re-evaluate production methods, integrate green synthesis technologies, and embrace sustainable innovations. Industry experts note that these changes are transforming every facet of the market ecosystem. As manufacturers focus on reducing environmental footprints, an increasing number of companies are investing in cleaner, more efficient bio-based production methods alongside traditional Ethylene Oxide-based processes. This technological pivot has been reinforced by evolving quality and purity standards demanded by rapidly growing industrial applications. The shift is not isolated to production technologies alone; transformative changes in supply chain practices, digital customer interactions, and the overall structure of market competition are also evident. Stakeholders and industry observers report that this period of change has catalyzed faster innovation cycles and has prompted realignment within market segments and geographical areas. The resulting competitive landscape is now characterized by a balance between legacy market players and agile new entrants, each striving to optimize production efficiency while meeting diverse customer needs and stricter environmental guidelines. In summary, this transformative period encapsulates an era of rapid evolution and adaptive re-strategizing for an industry at the brink of significant change.

Key Segmentation Insights of the Ethylene Glycol Market

The segmentation analysis of the Ethylene Glycol market provides a nuanced understanding of its complex and layered structure. From the product type perspective, the market is dissected into segments such as Diethylene Glycol, Monoethylene Glycol, and Triethylene Glycol, each offering distinct applications and performance profiles. Such differentiation aids in tailoring strategic initiatives that can target segments with higher growth potential. Purity grade segmentation further refines this landscape by categorizing the market into Antifreeze Grade, Industrial Grade, and Polyester Grade, emphasizing the role of purity and application specificity in determining value. In addition, when examining production methods, the market is broadly divided between Bio-based Production and Ethylene Oxide-Based Production, where each technique carries its implications in terms of cost efficiency, environmental impact, and scalability. Moreover, the application-based segmentation spans various fields including Antifreeze & Coolants, Chemical Intermediates, Industrial Solvents, PET Resins, and Polyester Fibers, thereby highlighting the product's versatile industrial functionality. The dynamics become even more intriguing when accounting for the industry-specific segmentation, where the key end-user industries - ranging from Aerospace, Agriculture, Automotive Industry, Chemicals Industry, Healthcare, Packaging Industry, to Textile Industry - indicate the broad spectrum of demand. Notably, within this framework the Automotive Industry is further examined through brake fluids and engine coolants, while the Packaging Industry and Textile Industry receive granular attention due to their sub-segments in food packaging materials, PET bottle manufacturing, fiber manufacturing, and textile dyes. These insights collectively underscore the multifaceted segmentation perspective, revealing interdependencies that can inform targeted marketing strategies and operational innovations.

Based on Product Type, market is studied across Diethylene Glycol, Monoethylene Glycol, and Triethylene Glycol.

Based on Purity Grade, market is studied across Antifreeze Grade, Industrial Grade, and Polyester Grade.

Based on Production Method, market is studied across Bio-based Production and Ethylene Oxide-Based Production.

Based on Application, market is studied across Antifreeze & Coolants, Chemical Intermediates, Industrial Solvents, PET Resins, and Polyester Fibers.

Based on End-User Industry, market is studied across Aerospace, Agriculture, Automotive Industry, Chemicals Industry, Healthcare, Packaging Industry, and Textile Industry. The Automotive Industry is further studied across Brake Fluids and Engine Coolants. The Packaging Industry is further studied across Food Packaging Materials and PET Bottle Manufacturing. The Textile Industry is further studied across Fiber Manufacturers and Textile Dyes.

Key Regional Insights Across Global Markets

Regional analysis within the Ethylene Glycol market uncovers distinct geographical trends that influence production, demand, and regulatory frameworks. In North and South America, a blend of robust industrial infrastructure and progressive environmental policies are fueling an increased demand for cleaner production processes and tailored product mixes. Europe, Middle East & Africa are experiencing significant market shifts driven by both legacy industrial modifications and rapidly emerging innovations aimed at sustainability. Comparatively, the Asia-Pacific region is witnessing an accelerated growth trajectory propelled by industrial expansion, burgeoning urbanization, and substantial investments in technological advancements. Each of these regions presents its own unique set of challenges and advantages, reinforcing the need for region-specific strategies. The juxtaposition of a matured but slowly evolving market in the Americas, an innovation-centric environment in Europe, Middle East & Africa, and a dynamic, fast-growing scenario in Asia-Pacific, offers valuable insights for stakeholders. The geographical profile further highlights differences in regulatory oversight, customer preferences, and infrastructural capabilities which ultimately shape strategic market decisions and investment priorities.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Companies Driving Market Dynamics

The competitive landscape of the Ethylene Glycol market is defined by a diverse group of influential players who continuously drive market dynamics through innovation and strategic initiatives. Industry leaders such as BASF SE, China Petrochemical Corporation, and Ennore India Chemical International have carved out significant market positions through sustained investments in R&D and technology upgrades. In addition, major players including EQUATE Petrochemical Company, ExxonMobil Corporation, and HELM AG have significantly influenced production benchmarks and market growth trajectories. Companies like Henan GP Chemicals Co.,Ltd., INEOS AG, and Lotte Chemical Corporation add competitive vigor to this marketplace through constant improvements and robust supply chain strategies. Furthermore, players such as Mahakali Industries, Merck KGaA, Nan Ya Plastics Corporation, Otto Chemie Pvt Ltd, and Reliance Industries Limited continue to push the envelope on both product innovation and market expansion. The contributions of leading industry stalwarts such as Saudi Basic Industries Corporation, Shell PLC, Siddhi Vinayak Industries, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., Ultrapar Participacoes Sa, Vizag Chemical International, VWR International, LLC, and Zhishang Chemical further enrich the competitive environment. Their vast production capabilities, global reach, and commitment to quality underscore the industry's potential for further evolution and expansion. Collectively, these companies not only set industry standards but also fuel market trends that ultimately shape the future competitive landscape.

The report delves into recent significant developments in the Ethylene Glycol Market, highlighting leading vendors and their innovative profiles. These include BASF SE, China Petrochemical Corporation, Ennore India Chemical International, EQUATE Petrochemical Company, ExxonMobil Corporation, HELM AG, Henan GP Chemicals Co.,Ltd., INEOS AG, Lotte Chemical Corporation, Mahakali Industries, Merck KGaA, Nan Ya Plastics Corporation, Otto Chemie Pvt Ltd, Reliance Industries Limited, Saudi Basic Industries Corporation, Shell PLC, Siddhi Vinayak Industries, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., Ultrapar Participacoes Sa, Vizag Chemical International, VWR International, LLC, and Zhishang Chemical. Actionable Recommendations for Industry Leaders

Industry leaders must embrace a comprehensive strategy to capitalize on the evolving Ethylene Glycol market landscape. It is essential to invest in advanced production technologies while exploring sustainable bio-based processes, as these initiatives can provide significant cost benefits combined with reduced environmental impacts. Companies should bolster their research and development efforts to refine product purity and develop innovative applications that cater to emerging market needs. Strategic focus on diversifying product lines by balancing traditional Ethylene Oxide-based production methods with next-generation, environmentally friendly alternatives is paramount. Additionally, businesses are encouraged to tailor regional strategies that effectively address the specific regulatory frameworks, consumer preferences, and infrastructural capacities of different geographies. Fostering collaboration with key stakeholders across supply chains can further unlock potential efficiencies and facilitate smoother market entry into newer segments. It is advisable for decision-makers to refine their segmentation strategies, ensuring that each sub-sector - whether based on product type, purity grade, production method, application, or end-user industry - is supported by detailed market intelligence. This targeted approach can drive sustainable growth, optimize resource allocation, and secure a competitive edge in an increasingly dynamic market.

Conclusion: Consolidating Market Insights and Future Directions

In summing up, the Ethylene Glycol market is at a critical juncture marked by transformational shifts, in-depth segmentation, and diverse regional dynamics. The extensive evaluation of production methods, applications, and segmentation underscores the inherent complexity and vast potential inherent in the market. Companies are not only evolving through sustainable practices and innovative approaches but are also strategically realigning themselves to meet ever-changing regulatory and consumer demands. The insights derived from both regional and company-specific analyses present a solid foundation for forecasting future growth trajectories and making informed strategic decisions. Ultimately, this report emphasizes the importance of agile adaptation and persistent innovation, reinforcing that those who effectively harness these insights will be best positioned to lead the market in the years to come.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Growing textiles and apparel industry propelled increased consumption of polyester and ethylene glycol
    • 5.1.1.2. Expanding applications in the manufacturing of plastic packaging and containers contributing to growth
    • 5.1.1.3. Increasing use of ethylene glycol as a key raw material in the production of polyester fibers
  • 5.1.2. Restraints
    • 5.1.2.1. Fluctuating prices of raw materials require for the production of ethylene glycol
  • 5.1.3. Opportunities
    • 5.1.3.1. Innovating new applications of ethylene glycol in medical and pharmaceutical formulations
    • 5.1.3.2. Leveraging technological advancements for efficient recycling of ethylene glycol in reducing environmental footprint
  • 5.1.4. Challenges
    • 5.1.4.1. Health and safety risks associated with ethylene glycol
• 5.2. Market Segmentation Analysis
  • 5.2.1. Product Type: Rising adoption of triethylene glycol due to its dehydrating capacity
  • 5.2.2. Application: Growing application of ethylene glycol in antifreeze and coolants due to its excellent heat transfer
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Ethylene Glycol Market, by Product Type

• 6.1. Introduction
• 6.2. Diethylene Glycol
• 6.3. Monoethylene Glycol
• 6.4. Triethylene Glycol

7. Ethylene Glycol Market, by Purity Grade

• 7.1. Introduction
• 7.2. Antifreeze Grade
• 7.3. Industrial Grade
• 7.4. Polyester Grade

8. Ethylene Glycol Market, by Production Method

• 8.1. Introduction
• 8.2. Bio-based Production
• 8.3. Ethylene Oxide-Based Production

9. Ethylene Glycol Market, by Application

• 9.1. Introduction
• 9.2. Antifreeze & Coolants
• 9.3. Chemical Intermediates
• 9.4. Industrial Solvents
• 9.5. PET Resins
• 9.6. Polyester Fibers

10. Ethylene Glycol Market, by End-User Industry

• 10.1. Introduction
• 10.2. Aerospace
• 10.3. Agriculture
• 10.4. Automotive Industry
  • 10.4.1. Brake Fluids
  • 10.4.2. Engine Coolants
• 10.5. Chemicals Industry
• 10.6. Healthcare
• 10.7. Packaging Industry
  • 10.7.1. Food Packaging Materials
  • 10.7.2. PET Bottle Manufacturing
• 10.8. Textile Industry
  • 10.8.1. Fiber Manufacturers
  • 10.8.2. Textile Dyes

11. Americas Ethylene Glycol Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific Ethylene Glycol Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa Ethylene Glycol Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2024
• 14.2. FPNV Positioning Matrix, 2024
• 14.3. Competitive Scenario Analysis
  • 14.3.1. Sustainea's USD 400 million investment in Indiana's biobased ethylene glycol plant to boost eco-friendly PET production
  • 14.3.2. Technip Energies accelerates sustainable polyester production with Shell's glycol technology acquisition
  • 14.3.3. SABIC joins tripartite agreement for ethylene glycol production decarbonization
• 14.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. BASF SE
• 2. China Petrochemical Corporation
• 3. Ennore India Chemical International
• 4. EQUATE Petrochemical Company
• 5. ExxonMobil Corporation
• 6. HELM AG
• 7. Henan GP Chemicals Co.,Ltd.
• 8. INEOS AG
• 9. Lotte Chemical Corporation
• 10. Mahakali Industries
• 11. Merck KGaA
• 12. Nan Ya Plastics Corporation
• 13. Otto Chemie Pvt Ltd
• 14. Reliance Industries Limited
• 15. Saudi Basic Industries Corporation
• 16. Shell PLC
• 17. Siddhi Vinayak Industries
• 18. Spectrum Chemical Mfg. Corp.
• 19. Thermo Fisher Scientific Inc.
• 20. Tokyo Chemical Industry Co., Ltd.
• 21. Ultrapar Participacoes Sa
• 22. Vizag Chemical International
• 23. VWR International, LLC
• 24. Zhishang Chemical