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Ethylene Glycol Market
Ethylene Glycol Market by Product Type (Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol), Process (Ethylene Oxide, Coal, Biological Route, Others), Application (Antifreeze, Film, Polyester fiber, Polyethylene Terephthalate, Others), End user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032
Industry : Chemicals & Materials | Pages : 192 Pages | Published On : Apr 2024
Market Overview
The Global Ethylene Glycol market occupies an essential role in the contemporary industry, the largest of the olefin markets, stands as a crucial petrochemically derived monomer used as a feedstock for the production of various commercially significant chemical products, including polyethylene, polymers, and fibers. The main focus of this chapter is to offer a comprehensive insight into olefins, particularly ethylene production technologies, and its significance in the global market. production, providing a foundation for understanding the broader context. Following to ethylene, including its properties and importance in various applications. The different aggregation states of surfactants, including the monomer, pre-micellar aggregate, micelle, and liposomes, exhibit distinct properties regarding chemical interaction capabilities. An overview of the technology, encompassing market aspects, costs, capacity, and the global demand and supply dynamics of ethylene technology. Its contribution to product diversification and technological advancements underscores its role as a key driver of industry evolution, making it a vital component in meeting the dynamic demands of today's consumers.
Ethylene Glycol Market Size
Report | Details |
---|---|
Market Size Value | USD 17.7 billion in 2024 |
Market Size Value | USD 25.4 billion by 2030 |
CAGR | 5.3% |
Forecast Period | 2024-2032 |
Base Year | 2023 |
Historic Data | 2020 |
Forecast Units | Value (USD Million/USD Billion) |
Segments Covered | Offering, Component, End User and Region |
Geographics Covered | North America, Latin America, Europe, Asia-Pacific, Middle East & Africa |
Major Vendors In The Global Ethylene Glycol Market: Akzo Nobel N.V, Ashland Global Specialty Chemicals Inc, BASF SE, China Petrochemical Corporation (Sinopec Group), Dow Chemical, Exxon Mobil Corp, Formosa Plastics Corporation, Huntsman Corporation, Ineos Oxide Limited (INEOS Holdings Limited), Kuwait Petroleum Corporation, LOTTE Chemical Corp., LyondellBasell Industries, Reliance Industries Ltd., SABIC, Shell Chemical and Others.
Rising demand for non-ionic surfactants
One of the primary drivers for the global Ethylene Glycol market is the significant, surfactants, classified as amphiphilic molecules, are surface-active agents characterized by the coexistence of polar and a polar domain within the same compound. They have the ability to form various aggregates, such as micelles, and the concentration at which these micelles form is termed the critical micellar concentration. The various states of aggregation in surfactants, such as monomers, pre-micellar aggregates, micelles, and liposomes, display unique characteristics in terms of their chemical interaction capabilities. The presence of these diverse configurations or changes in their concentrations can alter the physicochemical properties of chemical systems involving both ionic and non-ionic surfactants. The micro heterogeneous systems formed by these surfactants have been extensively studied in literature, providing insights into various aspects related to biological tissues.
Market Dynamics
Drivers:
- Rising demand for non-ionic surfactants
- Increasing in demand for textile sector.
- Rapid expansion of automotive industry
- Growing demand for polyethylene terephthalate resin
Opportunities:
- Technological Advancements
- Easily availability of raw materials
- Rising awareness of environmental concerns
- Growing popularity for bio-based Ethylene
Growing popularity for bio-based Ethylene
The global ethylene glycol market, the production of bio ethylene through the dehydration of bioethanol presents an environmentally friendly alternative to conventional fossil-based ethylene production, reducing environmental impact. While a few industrial plants using generation bioethanol for bio ethylene production exist, they often rely on subsidies to operate. There is a lack of processes producing ethylene from bioethanol. The various ethanol and ethylene production methods, process specifications, and current technologies. In the techno-economic analysis of a bio ethylene plant is conducted using Aspen Plus and Aspen Process Economic. Considering different qualities of ethanol. The findings reveal that impurities in the ethanol feed have minimal impact on the quality of the produced polymer-grade bio ethylene. The capacity of the ethylene storage tank significantly influences the capital costs of the overall process.
North America dominates the market for Ethylene glycol.
North America stands out as the dominating region in the global Ethylene Glycol market, with the United States leading in consumption and market share. The region's dominance can be attributed to the high prevalence of pharmaceutical industry in the region has established a consistent demand for ethylene glycol in medical applications user. The U.S. market particularly benefits from a diverse consumer base with a penchant for quick and convenient options.
Asia-Pacific, and specifically India, is emerging as a key player with substantial growth potential in the Ethylene Glycol market. The swift growth of end-use sectors like textiles, transportation, and plastics and rise in disposable income and improvements in living standards. India's market is driven by a rising urban population, increasing disposable incomes, and a shift towards Westernized habits. Additionally, government initiatives promoting the food processing sector and improvements in distribution channels contribute to the market's growth.
Another noteworthy region is the Middle East and Africa, where the demand for convenient solutions is on the rise due to the oil and gas industry utilizes ethylene glycol for natural gas dehydration processes. South Africa, in particular, showcases promise as a market with high growth potential, driven by the growing investments in industrial development, coupled with the rise in the middle-class population.
The Ethylene oxide Segments is anticipated to hold the Largest Market Share during the Forecast Period
In the global Ethylene Glycol market, Ethylene oxide is a cyclic ether with a three-membered ring, consisting of one oxygen atom and two carbon atoms. It is highly reactive due to the strained ring structure, making it susceptible to reactions with various compounds. Ethylene oxide is commonly produced through the direct oxidation of ethylene using either the chlorohydrin process or the direct oxidation process. Ethylene oxide is widely used for sterilization of medical equipment and supplies due to its ability to penetrate and disinfect heat-sensitive materials. It serves as a precursor for the production of various chemicals, including ethylene glycol, which is used in the production of antifreeze and polyester fibers. Ethylene oxide is employed in the manufacturing of surfactants and emulsifying agents. Ethylene oxide is flammable and poses various health hazards. It is classified as a carcinogen, and exposure should be minimized. Safety measures, including proper ventilation and protective equipment, are crucial when handling ethylene oxide.
Segmentations Analysis of Ethylene Glycol Market: -
- By Product Type
- Monoethylene Glycol
- Diethylene Glycol
- Triethylene Glycol
- By Process
- Ethylene Oxide
- Coal
- Biological Route
- Others
- By Application
- Antifreeze
- Film
- Polyester fiber
- Polyethylene Terephthalate
- Others
- By End-user
- Plastic
- Transportation
- Textile
- Oil and gas
- Others
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- BENELUX
- CIS & Russia
- Nordics
- Austria
- Poland
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Indonesia
- Malaysia
- Vietnam
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Nigeria
- Egypt
- Israel
- Turkey
- Rest of Middle East & Africa
- North America
Recent Developments
- In December 2023, Sabic, Linde, and SD are collaboration for innovation solution to reduce the carbon footprints and achieve low carbon emissions in the processing of ethylene glycol.
Ethylene Glycol Market Report Gives Answers to Following Key Questions:
- What will be the Ethylene Glycol Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Ethylene Glycol Market?
- What are the main forces behind the worldwide Ethylene Glycol Market? Which companies dominate the Ethylene Glycol Market?
- Which companies dominate the Ethylene Glycol Market? Which business possibilities, dangers, and tactics did they embrace in the market?
- What are the global Ethylene Glycol industry's suppliers' opportunities and dangers in Ethylene Glycol Market?
- What is the Ethylene Glycol industry's regional sales, income, and pricing analysis? In the Ethylene Glycol Market, who are the distributors, traders, and resellers?
- What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Ethylene Glycol Market?
- What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Ethylene Glycol Market?
- What are the dominant revenue-generating regions for Ethylene Glycol Market, as well as regional growth trends?
- By the end of the forecast period, what will the market size and growth rate be?
- What are the main Ethylene Glycol Market trends that are influencing the market's expansion?
- Which key product categories dominate the Ethylene Glycol Market? What are the Ethylene Glycol Market’s main applications?
- In the coming years, which Ethylene Glycol Market technology will dominate the market?
TOC
Table and Figures
Methodology:
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Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.
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Company Market Share
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