The glycol market is estimated to be valued at USD 46.82 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031. Glycol is an organic compound that finds a variety of applications across industries like cosmetics, food, pharmaceuticals, and automotive antifreeze. It acts as an intermediate in the production of various other chemicals and polymers. There are different types of glycols like ethylene glycol, propylene glycol, butylene glycol, etc. depending on the raw materials used. Among these, ethylene glycol occupies a major share globally due to its versatile properties and wide applicability in various end-use industries. It has solvent and humectant properties that has led to its utilization in fields such as polyester fibers and resins, automotive antifreeze formulations, and aircraft de-icing. Glycol also finds usage as a heat transfer fluid in many industrial processes requiring heating or cooling.

Market Dynamics:

Polyester fibers and resins are the primary applications of glycol, especially ethylene glycol which has a global demand of over 15 million tons annually. On the other hand, factors like fluctuation in feedstock petroleum prices impacts the production costs. Stringent regulations regarding emissions from glycol based automotive antifreeze products act as a restraint. However, technological innovations to produce bio-based or recycled glycols present new opportunities. The construction industry utilizing composite materials made from resins and the growing fleet of aircrafts are bolstering demands.

Key Features of the Study:

• This report provides in-depth analysis of the global glycol market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global glycol market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, China Sanjiang Fine Chemical Co. Ltd, Dow, Huntsman International LLC, India Glycols Limited, Indian Oil Corporation Ltd (IOCL), Indorama Ventures, Public Company Limited, INEOS, LOTTE Chemical Corporation, LyondellBasell Industries Holdings BV, MEGlobal International FZE, Mitsubishi Chemical Corporation, Nouryon, Petro Rabigh, PETRONAS Chemicals Group (PCG), Reliance Industries Ltd, SABIC, Shell PLC, Sinopec Zhenhai Refining & Chemical
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global glycol market

Detailed Segmentation-

• By Type:
• • Ethylene Glycol
  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylne Glycol (TEG)
  • Polyethylene Glycol (PEG)
  • Propylene Glycol
  • Other Types
• By End-User Industry:
• • Automotive and Transportation
  • Packaging
  • Food and Beverage
  • Cosmetics
  • Pharmaceuticals
  • Textile
  • Other End-user Industries
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • BASF SE
  • China Sanjiang Fine Chemical Co. Ltd
  • Dow
  • Huntsman International LLC
  • India Glycols Limited
  • Indian Oil Corporation Ltd (IOCL)
  • Indorama Ventures
  • Public Company Limited
  • INEOS
  • LOTTE Chemical Corporation
  • LyondellBasell Industries Holdings BV
  • MEGlobal International FZE
  • Mitsubishi Chemical Corporation
  • Nouryon
  • Petro Rabigh
  • PETRONAS Chemicals Group (PCG)
  • Reliance Industries Ltd
  • SABIC
  • Shell PLC
  • Sinopec Zhenhai Refining & Chemical Company