Ethylene Glycol Market By Application (Automotive, Textile, Packaging, Industrial); By Production Process (Petrochemical-based, Bio-based); By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa); Segment Revenue Estimation, Forecast, 2024–2030

1. Introduction and Strategic Context

The Ethylene Glycol Market is forecasted to experience steady growth, with a projected market size of USD 40.5 billion in 2024 , and expected to reach approximately USD 55.2 billion by 2030 , reflecting a CAGR of 5.1% during the forecast period. Ethylene glycol, a colorless, odorless, and sweet-tasting organic compound, is primarily used in the production of antifreeze, polyester fibers, and various industrial applications. Its strategic importance is heightened by its role in crucial sectors such as automotive, textiles, and chemical industries.

 

The growing demand for ethylene glycol is driven by its versatility, making it essential across multiple industries. The automotive industry's rising need for coolant fluids and the increasing demand for PET bottles and fibers have significantly contributed to the market's growth. Furthermore, increasing industrial activities in emerging economies, particularly in Asia-Pacific , are amplifying the consumption of ethylene glycol.

 

From a regulatory perspective, stricter environmental policies and safety standards are influencing production processes, which has led to a focus on bio-based and sustainable ethylene glycol production methods. Additionally, advancements in bioengineering technologies are expected to facilitate the rise of renewable ethylene glycol, making it a more eco-friendly option, further driving market dynamics.

 

Key stakeholders in this market include ethylene glycol producers , OEMs , automotive companies , and chemical industry players . Furthermore, government bodies are focusing on regulatory frameworks that promote the reduction of hazardous emissions and encourage the use of sustainable chemicals, which are expected to impact production practices in the coming years.

 

As the market progresses, companies involved in the production and distribution of ethylene glycol will need to navigate the challenges posed by regulatory changes while capitalizing on the growing demand for sustainable alternatives.

 

2. Market Segmentation and Forecast Scope

The ethylene glycol market can be segmented across multiple dimensions, each revealing different facets of the industry's dynamics and growth. The primary segmentation approaches focus on end use applications , production processes , and regions . Let’s break down each of these key segments:

By Application

Ethylene glycol is extensively used in various applications, with its primary use being in the production of antifreeze and coolants. Here’s a quick look at the major applications:

• Antifreeze & Coolants : The largest segment, antifreeze made from ethylene glycol is crucial for cooling systems in automotive engines and industrial machinery. The growth in vehicle production, especially in emerging markets, fuels this demand. This segment is expected to account for approximately 35% of the market share in 2024.

• Polyester Fibers : Ethylene glycol is a key component in the manufacture of PET (polyethylene terephthalate), which is widely used for making fibers for textiles and bottles. As demand for clothing and packaged goods rises globally, this segment is expected to witness a steady increase, with a CAGR of 4.9% from 2024 to 2030.

• Packaging Materials : PET plastics, produced using ethylene glycol, are used for containers, bottles, and packaging films, driven by consumer demand for lightweight, durable packaging. This is projected to grow significantly due to the increasing demand for packaged food and beverages, contributing around 25% of the market share.

• Industrial Applications : Ethylene glycol is also utilized in industrial coolants, hydraulic fluids, and de-icing solutions. This application is expected to grow at a rate of 5.2% CAGR between 2024 and 2030, fueled by the expanding industrial base in regions such as Asia-Pacific .

By Production Process

The ethylene glycol production process is predominantly classified into two main types, which influence both cost and sustainability:

• Petrochemical-based Production : The traditional method involves the use of ethylene oxide, a petrochemical, to produce ethylene glycol. It dominates the market due to its cost-effectiveness and scalability.

• Bio-based Production : Growing environmental concerns are driving interest in renewable alternatives. Bio-based ethylene glycol, derived from plant sugars, is being developed and commercialized, though it remains a smaller segment for now. This process is expected to grow rapidly, with potential adoption by major industry players as eco-consciousness increases. This segment could reach 8% of the market by 2030.

By Region

The demand for ethylene glycol varies considerably across different regions, influenced by factors such as industrial activity, automotive production, and regulatory frameworks.

• Asia-Pacific : This region leads the global market, accounting for nearly 40% of the market share in 2024. Rapid industrialization, coupled with increasing automotive manufacturing and demand for textiles, is driving growth in countries like China and India.

• North America : North America, particularly the U.S., is a significant market for ethylene glycol, driven by strong automotive and textile sectors. North America is projected to account for around 25% of the market in 2024, with sustainable production methods gaining traction.

• Europe : Europe holds a steady share, with 15% of the market, influenced by strong environmental policies and a rising demand for bio-based ethylene glycol.

• Latin America and Middle East & Africa (LAMEA) : These regions are underpenetrated but show promise due to increasing automotive manufacturing and infrastructure development. LAMEA’s market share is expected to grow steadily at a 5.6% CAGR over the forecast period.

The ethylene glycol market's diverse applications highlight the growing role of sustainability and industry-specific requirements in shaping the future of production and consumption patterns.

 

3. Market Trends and Innovation Landscape

The ethylene glycol market is undergoing significant transformation, driven by a combination of technological advancements, evolving consumer preferences, and regulatory pressures. Below are some of the key trends and innovations that are shaping the market's future:

1. Sustainability and Bio-Based Ethylene Glycol

One of the most prominent trends in the ethylene glycol market is the shift toward bio-based production . Environmental concerns over the use of petrochemicals and the growing demand for sustainable products are pushing manufacturers to explore renewable feedstocks for ethylene glycol production. Bio-based ethylene glycol, which is derived from plant sugars, offers a sustainable alternative to its petroleum-derived counterpart. Companies like DSM and Virent are making strides in scaling up bio-based production technologies, aiming to meet growing consumer and regulatory demands for eco-friendly chemicals.

This transition is expected to gain momentum as the market evolves, with bio-based ethylene glycol projected to account for 8% of the total market by 2030 . The success of bio-based ethylene glycol hinges on the ability to scale production at competitive costs and meet regulatory standards across various regions.

2. Technological Advancements in Production

Advances in production technologies are also playing a key role in improving the efficiency and cost-effectiveness of ethylene glycol production. One notable innovation is the development of catalyst systems that enhance the conversion of ethylene oxide to ethylene glycol, reducing energy consumption and improving yield. Companies are investing in research and development to optimize these processes, with the goal of making the entire production process more energy-efficient and sustainable.

Moreover, circular economy initiatives are being explored to recycle and reuse ethylene glycol from waste streams, particularly from post-consumer PET bottles. This innovation not only helps reduce waste but also reduces the need for new production, contributing to a more sustainable market structure.

3. Automation and Industry 4.0

The advent of Industry 4.0 technologies is driving greater automation within the ethylene glycol production process. Companies are adopting AI-driven analytics , machine learning , and IoT sensors to optimize operational performance. These technologies enable real-time monitoring of production processes, improving efficiency, reducing costs, and ensuring compliance with environmental regulations.

Automation is also facilitating the development of smart manufacturing practices, where machines can self-regulate and adapt to changing conditions in the production environment. This trend is expected to enhance production capacity while lowering operational costs, benefiting both large-scale manufacturers and smaller, more nimble producers.

4. Innovation in End-Use Applications

As demand for ethylene glycol continues to grow across various sectors, its end-use applications are evolving with new innovations that cater to emerging market needs:

• Automotive Coolants : With the rise of electric vehicles (EVs), there is a growing need for specialized coolants that can efficiently manage the heat generated by high-performance batteries. Ethylene glycol-based coolants are being formulated to meet these demands, offering enhanced thermal properties and longer life cycles.

• Textiles and Packaging : In the textile and packaging industries, there is a notable shift towards biodegradable PET and other eco-friendly polyester fibers. As consumer preferences shift toward sustainable goods, manufacturers are developing new products using ethylene glycol-based polymers that reduce environmental impact.

5. Collaborations and Strategic Partnerships

As market players strive to remain competitive, strategic collaborations are becoming more common. Companies are partnering with research institutions and other industry players to develop new products, enhance production processes, and expand their geographical footprint. For instance, Indorama Ventures , a global leader in polyester production, has partnered with Cargill to enhance the bio-based production of ethylene glycol, leveraging both parties' expertise in the chemical and biofuel sectors.

Additionally, joint ventures in emerging markets are helping to strengthen supply chains, particularly in Asia-Pacific , where ethylene glycol demand is surging due to rapid industrialization and urbanization.

These innovations and trends reflect a dynamic shift in the ethylene glycol market, with sustainability, technological advances, and evolving consumer preferences leading the charge towards a more environmentally conscious and efficient production process.

 

4. Competitive Intelligence and Benchmarking

The ethylene glycol market is highly competitive, with several large, well-established players competing on the basis of pricing, production efficiency, sustainability, and technological advancements. In this section, we will explore some of the key players and how they are positioning themselves in the market.

1. BASF

BASF , one of the world’s largest chemical companies, is a dominant player in the ethylene glycol market. The company has a strong global presence, especially in Europe and North America , and is a key supplier of both conventional and bio-based ethylene glycol. BASF has committed to sustainable production methods, including developing bio-based ethylene glycol from renewable resources. Its focus on innovation and research has allowed it to stay competitive in the evolving market. BASF also invests heavily in energy-efficient production technologies , which positions it as a leader in reducing the environmental impact of ethylene glycol production.

2. Dow Chemical

Dow Chemical is another major player in the ethylene glycol market, known for its extensive production facilities and strong market share in North America and Asia-Pacific . Dow’s ethylene glycol products are widely used in antifreeze, PET production, and industrial applications. Dow continues to focus on cost leadership by improving operational efficiencies and leveraging its vast global distribution network. The company is also exploring sustainable alternatives, including ethylene glycol derived from bio-based feedstocks , although its current focus remains on the conventional petrochemical-based processes.

3. Reliance Industries

Reliance Industries , an Indian conglomerate, is a leading supplier of ethylene glycol in the Asia-Pacific region, which remains one of the largest markets for the product. The company has robust capabilities in petrochemical production , including the large-scale manufacturing of ethylene glycol. Reliance's competitive advantage lies in its vertical integration , which allows it to control the entire value chain from raw material procurement to final product distribution. The company is expanding its footprint in bio-based ethylene glycol production and is investing in new plants to meet the growing demand across India and other parts of Asia.

4. Indorama Ventures

Indorama Ventures , based in Thailand, is one of the world's largest producers of PET and ethylene glycol . The company has extensive production capabilities in both North America and Asia , and it is focusing on scaling up its bio-based ethylene glycol production to meet growing demand for eco-friendly products. Indorama Ventures has a strong commitment to sustainability and is actively working on technologies to make its production processes more efficient and less environmentally harmful. The company’s global reach and sustainability initiatives position it as a formidable competitor in the ethylene glycol space.

5. Formosa Plastics Corporation

Formosa Plastics Corporation is a significant player in the ethylene glycol market, with a strong production base in Taiwan and other global locations. The company’s success in the market can be attributed to its focus on cost-effective production and high-volume manufacturing , which allow it to remain competitive in terms of pricing. Formosa Plastics is also focused on expanding its presence in Asia-Pacific and increasing its production of ethylene glycol for use in the growing automotive and textile industries.

6. SABIC

SABIC , based in Saudi Arabia, is one of the world’s leading producers of chemicals and petrochemicals. The company is known for its advanced ethylene glycol production processes, which enable it to supply high-quality products across diverse industries, including automotive, textiles, and packaging. SABIC is heavily investing in sustainable and innovative production technologies to reduce emissions and improve the efficiency of its operations. Its strong presence in Middle Eastern markets gives it a strategic advantage in the global ethylene glycol market.

7. LyondellBasell Industries

LyondellBasell Industries , headquartered in the U.S., is a key player in the ethylene glycol market with a wide geographical footprint, especially in North America and Europe . The company’s core strength lies in its technological innovations in polymer production , which include the manufacturing of ethylene glycol for the production of PET and other polyester materials. LyondellBasell also focuses on sustainability initiatives , including plastic waste recycling and improving the environmental footprint of its manufacturing processes.

These leading companies in the ethylene glycol market are focused on leveraging technological advancements, increasing production efficiency, and capitalizing on growing demand for sustainable alternatives. However, the competition is intensifying as companies aim to capture market share in both mature and emerging economies, particularly with the rising push for bio-based ethylene glycol.

 

5. Regional Landscape and Adoption Outlook

The ethylene glycol market exhibits varied growth rates and adoption across different regions, with significant differences in demand driven by industrial activities, regulatory environments, and the pace of technological adoption. Here’s an in-depth look at the regional dynamics influencing the market’s evolution:

1. North America

North America is one of the most developed regions for ethylene glycol, particularly the U.S. , which is a significant consumer and producer. The automotive and textile industries are the primary drivers of demand for ethylene glycol in this region, with a substantial portion used for producing antifreeze and coolants, as well as PET plastics for packaging. The U.S. market is also witnessing growing demand for bio-based ethylene glycol , driven by environmental regulations and consumer preference for sustainable products.

The North American market’s growth is supported by significant investment in technological innovation, including advancements in bio-based production methods and circular economy solutions . Regulatory policies such as the EPA's Renewable Fuel Standard are pushing companies to consider alternative production methods that minimize environmental impact. Additionally, Canada and parts of Mexico are seeing increased demand for ethylene glycol due to expanding automotive and manufacturing sectors. North America’s market share is expected to remain steady, contributing about 25% of the global demand in 2024, with consistent growth through 2030.

2. Europe

Europe is another key market for ethylene glycol, driven by the region’s robust automotive and packaging industries. Countries like Germany , France , and the UK are major consumers of ethylene glycol, particularly for automotive antifreeze and PET production. Europe is also at the forefront of sustainability initiatives , with stringent environmental regulations influencing the adoption of bio-based ethylene glycol . The European Union's Green Deal and emphasis on reducing carbon emissions are expected to significantly impact the market dynamics in the coming years.

The demand for ethylene glycol in Eastern Europe is rising steadily, though the region still lags behind Western Europe in terms of consumption. The transition to bio-based products is more pronounced in Germany and Scandinavia , where sustainability is a critical factor for consumers and businesses alike. Overall, Europe is expected to account for around 15% of the global ethylene glycol market share in 2024, with growth driven by regulatory pressures and innovation in green technologies .

3. Asia-Pacific

The Asia-Pacific (APAC) region is by far the fastest-growing market for ethylene glycol, driven by rapid industrialization, increasing urbanization, and growing automotive production, particularly in China , India , and Japan . China is the largest consumer of ethylene glycol in the region, accounting for a significant share of the global demand. The country’s automotive sector, which is expanding rapidly, relies heavily on antifreeze and coolants, directly influencing the ethylene glycol market.

In India , demand for ethylene glycol is being fueled by growing textile and packaging industries, while the adoption of bio-based ethylene glycol is still in its nascent stages but is expected to rise as environmental awareness grows. Japan is making strides in incorporating sustainable production technologies , aligning with its regulatory goals to reduce industrial emissions.

The region's ethylene glycol market is projected to grow at a CAGR of 5.5% between 2024 and 2030, contributing nearly 40% of global consumption by 2030. This robust growth is attributed to rising consumer demand, particularly in automotive, textiles, and packaging sectors, alongside the continued expansion of industrial infrastructure.

4. Latin America, Middle East & Africa (LAMEA)

The Latin America, Middle East, and Africa (LAMEA) region remains underpenetrated in terms of ethylene glycol consumption but is poised for growth. Countries like Brazil and Mexico in Latin America are showing an upward trend in ethylene glycol demand, driven by the expanding automotive and packaging industries. However, the market is constrained by economic factors and infrastructure challenges, particularly in rural and underdeveloped areas.

In the Middle East , nations such as the UAE and Saudi Arabia are making significant strides in their manufacturing and petrochemical sectors, which are bolstering the demand for ethylene glycol. The Middle Eastern market is highly dependent on conventional petrochemical production processes, but there is growing interest in sustainable alternatives due to regulatory pressures on carbon emissions.

The African market is still emerging, with many countries lacking the infrastructure to support large-scale ethylene glycol production and consumption. However, there are initiatives in countries like South Africa and Nigeria , where the automotive industry is growing. In these regions, portable production technologies and bio-based ethylene glycol could find greater adoption as the market matures.

The LAMEA market is expected to grow at a CAGR of 5.0% over the forecast period, driven by increasing industrial activities and the push for sustainable alternatives.

Overall, the regional landscape reveals that the Asia-Pacific region will continue to dominate in terms of growth, while North America and Europe will lead in terms of innovation and sustainability efforts. LAMEA, though currently smaller, represents a significant opportunity for market expansion as industrialization increases.

 

6. End-User Dynamics and Use Case

The demand for ethylene glycol is closely tied to its end-users, who span across diverse sectors, including automotive, textiles, packaging, and industrial applications. These users have different needs and requirements, shaping how the product is consumed and how companies tailor their offerings. Let’s explore the key end-user segments and a real-world use case to highlight the impact of ethylene glycol in industrial applications.

1. Automotive Industry

The automotive industry remains the largest consumer of ethylene glycol, primarily for use in antifreeze and coolant solutions. This sector demands high-quality ethylene glycol to ensure efficient engine performance and cooling, especially in extreme temperatures. The increasing production of vehicles in regions like Asia-Pacific , particularly China and India , has significantly boosted the demand for ethylene glycol.

Moreover, the electric vehicle (EV) boom is creating new applications for ethylene glycol, as EV batteries require specialized coolants. Automotive manufacturers are seeking ethylene glycol formulations that offer better thermal management properties and longer lifespans for vehicle batteries.

The automotive sector's consistent growth in emerging markets, along with innovations in EVs, will continue to drive substantial demand for ethylene glycol in the coming years.

2. Textile Industry

The textile industry is the second-largest consumer of ethylene glycol, mainly due to its crucial role in producing polyester fibers and PET-based fabrics . With the rise of the fashion and home textile industries, the demand for high-performance polyester fibers is expected to remain strong. The ability of ethylene glycol to produce durable and lightweight fibers has made it indispensable in the production of everyday clothing, home textiles, and industrial fabrics.

As consumer demand for sustainable textiles rises, the textile industry is increasingly exploring bio-based ethylene glycol alternatives that align with sustainability goals, pushing manufacturers to adapt.

3. Packaging Industry

The packaging industry , particularly in PET bottle production , is another significant end user. Ethylene glycol is an essential ingredient in creating PET plastics for beverage containers, food packaging, and personal care products. As consumer goods packaging continues to expand globally, especially in emerging markets, the demand for ethylene glycol in this sector will continue to increase.

In recent years, there has been growing interest in biodegradable PET and recycled PET ( rPET ) , which is fueling the demand for sustainable ethylene glycol products. This shift is particularly noticeable in North America and Europe , where environmental regulations are pushing companies to adopt more eco-friendly alternatives.

4. Industrial Applications

Ethylene glycol plays a critical role in various industrial applications , including hydraulic fluids , coolants for manufacturing processes , and de-icing solutions . The industrial sector's demand for ethylene glycol is tied to its use in machinery and operations requiring temperature regulation, particularly in extreme environments such as airports and cold storage facilities.

As industrialization grows, particularly in Asia-Pacific and Latin America , the demand for ethylene glycol for such applications is expected to rise. These regions are witnessing rapid infrastructural development, with ethylene glycol being crucial in keeping machinery and equipment operating at optimal temperatures.

Use Case: Automotive Industry – EV Battery Cooling

A leading automotive manufacturer in Germany recently integrated an advanced cooling system into its new fleet of electric vehicles (EVs) . This system uses ethylene glycol-based coolants to regulate the temperature of high-performance batteries. As battery technology advances, ensuring the longevity and safety of EV batteries has become a critical concern, with temperature fluctuations being a significant challenge.

The company partnered with a specialized ethylene glycol supplier to develop a coolant that could provide efficient thermal regulation even under high-stress conditions typical of long-haul driving. By utilizing sustainable ethylene glycol produced from renewable feedstocks , the company not only improved battery life but also aligned with their environmental goals. This use case exemplifies how innovations in ethylene glycol formulations can support the growing demand for EVs while contributing to sustainability objectives .

End-users across automotive, textiles, and packaging industries are driving the demand for ethylene glycol. As markets expand and evolve, there is an increasing push for more sustainable, bio-based solutions that align with both consumer demands and regulatory pressures.

 

7. Recent Developments + Opportunities & Restraints

The ethylene glycol market is experiencing significant developments in both production technologies and consumer demand. Companies are adapting to new trends and market dynamics to capture opportunities and navigate potential challenges. This section explores key recent developments, followed by opportunities and restraints affecting the market.

Recent Developments (Last 2 Years)

1. Advancement in Bio-Based Ethylene Glycol Production

   • In 2023, Indorama Ventures launched a pilot project for producing bio-based ethylene glycol using renewable resources, aiming to scale this technology by 2025. The company aims to reduce its reliance on fossil-based feedstocks and reduce the carbon footprint of ethylene glycol production.

2. Collaboration between BASF and Novozymes

   • BASF and Novozymes entered a strategic partnership in 2024 to develop bio-based ethylene glycol production methods using enzymatic processes. This collaboration aims to produce sustainable ethylene glycol at a lower cost and with less environmental impact. The companies are focusing on scaling up production methods that can meet global demand while minimizing waste.

3. Expansion in Asian Markets

   • Reliance Industries, one of the top producers in Asia, expanded its ethylene glycol production capacity by 15% in 2024, focusing on increasing supply to China and India, where demand for the product has surged. The expansion includes a new plant that will focus on improving supply chain efficiency while reducing emissions.

4. Sustainable PET Plastics in Packaging

   • SABIC, a leading petrochemical player, introduced a new line of recycled PET (rPET) made from post-consumer waste, utilizing sustainable ethylene glycol for its production. This initiative is expected to support the increasing demand for eco-friendly packaging solutions, particularly in the consumer goods and food packaging industries.

5. Growth of Electric Vehicle (EV) Coolants

   • In 2024, Dow Chemical announced a new range of ethylene glycol-based coolants designed specifically for electric vehicle (EV) batteries. These coolants offer improved thermal performance and longevity, meeting the growing demand for EV cooling solutions in North America and Europe.

    

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Opportunities

1. Increasing Demand for Bio-Based and Sustainable Products

   • As consumer demand for eco-friendly products grows, manufacturers are presented with opportunities to innovate in the bio-based ethylene glycol market. The global push for sustainability, driven by regulations like the European Green Deal, is prompting companies to adopt more environmentally friendly production methods. This trend is expected to continue, with bio-based ethylene glycol products expected to make up a larger portion of the market by 2030.

2. Expansion in Emerging Markets

   • The Asia-Pacific region remains the fastest-growing market for ethylene glycol, with countries like China, India, and Indonesia driving demand in industries such as automotive, textiles, and packaging. As these regions continue to industrialize, local and global players are expected to increase production capacities and expand their market presence to meet the rising demand.

3. Rise of Electric Vehicle (EV) Production

   • The continued growth of the electric vehicle market presents an opportunity for ethylene glycol producers. With increasing EV adoption, there is a growing need for specialized coolants and thermal management solutions for high-performance batteries. Manufacturers can tap into this emerging market by providing tailored ethylene glycol formulations for EV applications.

4. Growth in the Textile and Packaging Sectors

   • The textile and packaging industries, particularly in Asia-Pacific and Latin America, will continue to drive demand for ethylene glycol, especially in the form of PET plastics and polyester fibers. As global consumer markets expand, demand for high-quality fabrics and durable packaging will continue to rise, presenting long-term growth opportunities.

    

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Restraints

1. High Production Costs of Bio-Based Ethylene Glycol

   • While bio-based ethylene glycol production has significant sustainability benefits, it is still more expensive than conventional petrochemical-based production. This cost disparity may hinder the widespread adoption of bio-based products, especially in price-sensitive markets. Manufacturers will need to focus on improving production efficiency and reducing costs to make bio-based ethylene glycol more competitive.

2. Dependence on Petrochemical Feedstocks

   • Despite advancements in bio-based production methods, a large portion of ethylene glycol production still relies on petroleum-based feedstocks. Fluctuating prices and environmental concerns related to fossil fuel extraction could impact the price and availability of raw materials, leading to supply chain instability and increased costs for producers.

3. Regulatory and Environmental Challenges

   • Stringent regulations, particularly in Europe and North America, regarding environmental emissions and production practices, could pose a challenge for companies that are not equipped to meet the standards. Companies in the ethylene glycol market will need to invest in cleaner production technologies to comply with evolving regulations and avoid potential penalties.

    

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The ethylene glycol market faces exciting opportunities driven by sustainable production technologies, the rise of electric vehicles, and expanding industrial demand in emerging markets. However, challenges remain in terms of production costs, regulatory compliance, and dependence on fossil-based feedstocks.

 

7.1. Report Coverage Table

This section provides an overview of the key attributes and data points covered in this market research report on the ethylene glycol market. It outlines the key segments, their growth projections, and the critical data used for estimating future market trends.

Report Attribute	Details
Forecast Period	2024 – 2030
Market Size Value in 2024	USD 40.5 Billion
Revenue Forecast in 2030	USD 55.2 Billion
Overall Growth Rate	CAGR of 5.1% (2024 – 2030)
Base Year for Estimation	2023
Historical Data	2019 – 2023
Unit	USD Million, CAGR (2024 – 2030)
Segmentation	By Application, By Production Process, By Region
By Application	Automotive, Textile, Packaging, Industrial
By Production Process	Petrochemical-based, Bio-based
By Region	North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Country Scope	U.S., Canada, Mexico, China, India, Japan, Brazil, South Africa, UAE
Market Drivers	Rising demand for sustainable products, Increasing EV production, Expanding industrial activities in Asia-Pacific
Customization Option	Available upon request

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This table encapsulates the core components and detailed insights offered in the report, setting the stage for in-depth analysis and projections for the ethylene glycol market from 2024 to 2030.