GLYCOL MARKET ANALYSIS

Regional Analysis

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North America currently dominates the global glycol market owing to well-established end-use industries in the region. The region is expected to account for 32.4% of the market share in 2024. The U.S. is the single largest consumer of glycol globally with sizeable demand coming from the automotive, construction, aviation, and other manufacturing sectors. Major glycol producers have established production facilities as well as distribution networks across the U.S. and Canada in order to capitalize on the vast domestic demand. In addition, North America is a net exporter of glycols and related derivatives to international markets. With its proximity to emerging markets in Latin America and strong transportation infrastructure, North America plays a central role in global glycol trade flows.

The Asia Pacific region is poised to be the fastest growing glycol market over the coming years. Rapid industrialization and infrastructure development across the region have bolstered the demand for polyester fibers, unsaturated polyester resins, coolants, and other glycol-based products. Countries with large manufacturing bases such as China, India, Indonesia, and Vietnam contribute significantly to Asia Pacific's glycol consumption. Additionally, these countries serve as major export hubs for glycol-consuming goods like textiles and automobiles. Robust economic growth continues to drive huge investments in glycol-dependent sectors in Asia Pacific. However, limited domestic glycol production in the region means countries rely on imports to satisfy demand. Major producers are considering capacity expansions or new plants in Asia Pacific to tap into its promising glycol market potential.