DIETHYLENE GLYCOL MARKET ANALYSIS

Diethylene Glycol MarketSize and Trends

Market Outlook

Global diethylene glycol market size is projected to increase significantly during the forecast period (2019-2027). Increasing demand for unsaturated polyester resins, polyurethane, and plasticizers is the major factor driving growth of the market. Furthermore, increasing demand for dyes, resins, oils, nitrocellulose, and other organic compounds is expected to boost the market growth during the forecast period. DEG has been majorly used for the manufacturing of coolants, water-based paints, waxes, adhesives, and glass cleaners, which is expected to drive the market growth in the near future. Moreover, significant growth of the plastic industry around the world is expected to increase the demand for diethylene glycol and thereby propel growth of the market in the near future. Furthermore, increasing demand for polyurethane from automotive, consumer goods, building & construction industries is projected to support the market growth during the forecast period.  

Market Trends

Global diethylene glycol market size is projected to increase significantly during the forecast period (2019-2027). Increasing demand for unsaturated polyester resins, polyurethane, and plasticizers is the major factor driving growth of the market. Furthermore, increasing demand for dyes, resins, oils, nitrocellulose, and other organic compounds is expected to boost the market growth during the forecast period. DEG has been majorly used for the manufacturing of coolants, water-based paints, waxes, adhesives, and glass cleaners, which is expected to drive the market growth in the near future. Moreover, significant growth of the plastic industry around the world is expected to increase the demand for diethylene glycol and thereby propel growth of the market in the near future. Furthermore, increasing demand for polyurethane from automotive, consumer goods, building & construction industries is projected to support the market growth during the forecast period.