Glycol Market, By Type (Ethylene Glycol, Monoethylene Glycol, Diethylene Glycol, Triethylne Glycol, Polyethylene Glycol, Propylene Glycol, and Other Types), By End-User Industry (Automotive and Transportation, Packaging, Food and Beverage, Cosmetics, Pharmaceuticals, Textile, and Other End-user Industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI5320

Pages :138

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Concentration and Competitive Landscape

Glycol Market Concentration By Players

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Increased glycol production for polyester fibers and PET resins

Glycol, especially ethylene glycol and propylene glycol, serves as a chief raw material in the production of polyester fibers and polyethylene terephthalate (PET) resins. Both polyester and PET have experienced astronomical growth in demand over the past few decades. This can be attributed to their wide usage in textiles, packaging, and other plastic goods. Properties such as strength, durability, stability, and sustainability have made polyester the most popular manufactured fiber globally. Likewise, PET has emerged as the packaging material of choice for beverages due to its lightweight and shatter-resistant qualities.

As developing economies expand their manufacturing capabilities and infrastructure, coupled with the rising global population, the demand for affordable textiles and packaged consumer goods continues to surge. This downstream demand pull effectively fuels greater consumption of glycol upstream during polyester and PET synthesis. Their inherently recyclable nature has garnered industry support for increasing adoption into various product applications as well.

Key Players Insights