In Q1 2025, Diethylene Glycol (DEG) prices in the North American region exhibited an overall bearish trend, despite some upward fluctuations during January and February. The quarter commenced with a bullish sentiment in early January, primarily driven by supply-side constraints amid anticipated Ethylene Oxide (EO) shortages, high production costs, and planned maintenance turnarounds. Additionally, logistical issues like rising container rates and port strike threats further tightened supply, while demand remained improved in the paints and coatings segment due to robust automotive sales.

The diethylene glycol (DEG) prices in the United States for Q2 2024 reached 875 USD/MT in June. The region experienced a decline in prices on account of reduced demand from the downstream sector and an oversupplied market. The construction industry’s downturn, worsened by economic headwinds and increasing mortgage prices, amplified this trend. Higher freight rates and volatile crude oil prices further contributed to the overall negative pricing environment.

The Diethylene Glycol Market report segments the industry into Application (Plasticizers, Personal Care, Chemical Intermediates, Lubricant, Other Applications (Solvent, etc.)), End-User Industry (Plastics, Agrochemicals, Cosmetic and Personal Care, Paints and Coatings, Other End-user Industries (Textiles, Oil and Gas, etc.)), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

The global diethylene glycol (DEG) market is experiencing robust growth, projected to reach a substantial market size. While the provided CAGR is missing, considering the market size of $359.3 million in the base year (2025) and industry trends indicating strong demand driven by applications across diverse sectors, a conservative estimate of a 5% CAGR from 2025 to 2033 is reasonable. This would indicate significant market expansion over the forecast period. The growth is primarily fueled by increasing demand from the paints and coatings, adhesives, and plastics industries, where DEG serves as a crucial ingredient in enhancing properties like flexibility, adhesion, and durability. The expanding personal care sector is also contributing significantly to DEG's market growth, driven by the use of DEG in various cosmetic and skincare products. Further contributing factors are the rising industrial output globally and increased construction activities. However, stricter environmental regulations concerning volatile organic compounds (VOCs) and growing concerns about DEG's potential toxicity pose considerable challenges to the market's uninterrupted expansion. Strategic expansions by key players including SINOPEC, Shell, Reliance Industries, and others, coupled with continuous product innovation, are vital for navigating these challenges and maintaining market momentum. The market segmentation reveals industrial-grade DEG currently holds a dominant share, followed by pharmaceutical and food-grade DEG. Geographically, Asia-Pacific, driven by rapid industrialization in countries like China and India, is expected to be a major growth region. North America and Europe also hold considerable market shares due to established industrial infrastructure and robust demand. However, competitive landscape analysis is critical for understanding the strategies employed by major players and assessing the overall market dynamics. Factors like supply chain disruptions and raw material price fluctuations will influence the market trajectory in the coming years. Companies need to adapt to these external pressures by optimizing their supply chains and enhancing their operational efficiency while focusing on sustainable practices to mitigate environmental concerns.

Diethylene Glycol (DEG) market stood at approximately 1460 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 5.26% during the forecast

The diethylene glycol market reached 3.00 MMT in 2024 & expected to grow at 4.80% CAGR, to reach of 4.79 MMT by 2034.

Diethylene Glycol Market Outlook

According to our latest research, the global diethylene glycol market size in 2024 stands at USD 2.43 billion, driven by robust demand across multiple end-use industries including automotive, chemicals, and pharmaceuticals. The market is projected to grow at a CAGR of 5.1% from 2025 to 2033, reaching an estimated value of USD 3.77 billion by 2033. Key growth factors include rising consumption in polyester resin production, increasing application as a solvent, and expanding use in the personal care and cosmetics sector. As per the latest research, the market’s expansion is further bolstered by ongoing advancements in industrial manufacturing and stringent quality standards across pharmaceutical and cosmetic applications.

One of the primary growth drivers for the diethylene glycol market is its extensive use as a solvent in a wide range of industrial processes. Diethylene glycol’s unique chemical properties, such as its high boiling point, hygroscopic nature, and excellent solvency, make it indispensable in the manufacturing of resins, dyes, and inks. The increasing demand for high-performance solvents in paints, coatings, and adhesives industries is fueling the consumption of diethylene glycol globally. Moreover, the shift toward water-based and eco-friendly formulations in industrial and consumer products has further amplified its adoption. The market is also benefiting from the growing requirements for specialty chemicals in emerging economies, where rapid industrialization is creating new opportunities for diethylene glycol suppliers and manufacturers.

Another significant growth factor is the expanding application of diethylene glycol in the production of polyester resins, which are extensively used in the plastics, packaging, and textile industries. The surge in demand for lightweight and durable materials in automotive and packaging sectors is directly impacting the consumption of polyester resins, thereby boosting the diethylene glycol market. Additionally, the increasing use of diethylene glycol as a plasticizer in the manufacture of flexible plastics and as an antifreeze agent in automotive coolants is contributing to the market’s upward trajectory. The versatility of diethylene glycol in enhancing the performance and durability of end products makes it a preferred choice among manufacturers, further solidifying its market position.

The pharmaceutical and personal care industries are emerging as lucrative segments for the diethylene glycol market, particularly due to its use in the formulation of creams, lotions, and other topical products. With the global population becoming more health-conscious and the demand for high-quality cosmetics and personal care products on the rise, diethylene glycol’s role as a humectant and solvent is gaining prominence. Regulatory compliance and the need for high-purity grades in pharmaceuticals are also driving investments in advanced production technologies, ensuring consistent quality and safety standards. This trend is expected to sustain the growth momentum of the market over the forecast period.

Regionally, Asia Pacific continues to dominate the diethylene glycol market, accounting for the largest share in 2024, followed by North America and Europe. The region’s leadership is attributed to rapid industrialization, expanding chemical manufacturing base, and increasing investments in automotive and textile sectors. China and India, in particular, are witnessing substantial growth in demand due to their burgeoning manufacturing industries and rising consumption of end-use products. North America’s market is characterized by technological advancements and stringent regulatory frameworks, while Europe is focusing on sustainable and eco-friendly applications. Latin America and the Middle East & Africa are also showing promising growth, albeit from a smaller base, driven by infrastructure development and industrial expansion.

Product Type Analysis

The product type segment of the diethylene glycol market is primarily categorized into industrial grade, pharmaceutical grade, and others. Industrial grade diethylene glycol dominates the market due to its widespread use in manufacturing processes, including the production of resins, plasticizers, and antifreeze solutions. This grade is characterized by its relatively lower purity, making it suitable for applications where ultra-high purity is not a critical requirement. The ro

Diethylene Glycol Market Outlook

The global diethylene glycol (DEG) market size was valued at approximately USD 2.3 billion in 2023, with a projected growth to USD 3.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.2%. This steady growth is primarily driven by increasing demand across various end-user industries, including automotive, textiles, and pharmaceuticals, boosted by its versatile application as a solvent, plasticizer, and chemical intermediate.

One of the key growth factors for the diethylene glycol market is its extensive use as a solvent, particularly in the production of resins, oils, and gums. The rise in industrial activities globally, especially in emerging economies like China and India, has increased the consumption of industrial solvents, directly impacting the demand for diethylene glycol. Moreover, the expansion of the automotive industry, where DEG is used in brake fluid formulations and anti-freeze agents, adds to the upward trajectory of the market. This trend is expected to continue as automotive production scales up in response to rising consumer demand and advancements in vehicle technologies.

Additionally, the growing demand for paints and coatings, driven by robust growth in construction activities, has further fueled the market for diethylene glycol. DEG is utilized as a plasticizer in producing certain types of coatings, enhancing their flexibility and durability. The global construction boom, particularly in urbanizing regions, is expected to sustain the demand for high-performance coatings, thereby indirectly boosting the need for diethylene glycol. The market is also benefitting from its application in the textile industry as a humectant, which helps in retaining moisture in the fabrics, a property that is highly valued in the manufacturing of high-quality textiles.

The pharmaceutical industry's reliance on diethylene glycol as a chemical intermediate is another significant growth driver. DEG is used in the synthesis of various pharmaceutical products, including certain drugs and cosmetics. As the global healthcare sector continues to expand, driven by an aging population and increasing health consciousness, the demand for efficient and cost-effective chemical intermediates like diethylene glycol is anticipated to rise. This growth is further supported by regulatory frameworks that promote the development and production of essential pharmaceuticals.

From a regional perspective, Asia Pacific is expected to dominate the diethylene glycol market over the forecast period, driven by rapid industrialization, urbanization, and the presence of major end-user industries in countries like China, India, and Japan. North America and Europe are also significant markets, supported by strong automotive and pharmaceutical sectors. Meanwhile, Latin America and the Middle East & Africa are expected to witness moderate growth, with increasing industrial activities and infrastructural developments contributing to market expansion.

Application Analysis

The application segment of the diethylene glycol market encompasses its use as a solvent, plasticizer, humectant, chemical intermediate, and others. Its role as a solvent is particularly critical, given its efficacy in dissolving various substances, including resins, oils, and gums. This makes it indispensable in multiple industrial processes, especially in the manufacturing of products that require a stable and effective solvent. As industrial production continues to escalate globally, the demand for reliable solvents like diethylene glycol is expected to rise correspondingly.

In the realm of plasticizers, diethylene glycol plays a crucial role in enhancing the flexibility and durability of polymers. Plasticizers are added to materials to increase their plasticity or fluidity, and DEG is particularly effective in this regard. Its application in the production of paints and coatings is noteworthy, as it helps in achieving the desired consistency and performance characteristics. With the construction industry booming, especially in emerging economies where infrastructure development is a priority, the demand for high-quality paints and coatings is on the rise, thus boosting the market for diethylene glycol as a plasticizer.

The role of diethylene glycol as a humectant is another significant application, particularly in the textile industry. Humectants are substances that help to retain moisture, an essential property for the production of high-quality textiles. DEG’s ability to enhance the moisture retention of fabrics makes it a

Bio-Based Diethylene Glycol Market Outlook

According to our latest research, the global market size for the Bio-Based Diethylene Glycol (DEG) market in 2024 stands at USD 1.42 billion, with a robust compound annual growth rate (CAGR) of 7.3% projected through the forecast period. By 2033, the market is expected to reach USD 2.71 billion as per CAGR calculations. This significant growth trajectory is primarily attributed to the increasing demand for sustainable and eco-friendly chemicals across various industries, coupled with stringent environmental regulations and a global shift towards bio-based alternatives.

One of the most prominent growth drivers of the bio-based diethylene glycol market is the rising consumer and industrial demand for sustainable materials. As environmental concerns gain prominence, both manufacturers and end-users are shifting away from petrochemical-derived glycols towards bio-based alternatives. This transition is further propelled by regulatory frameworks in developed regions, particularly in Europe and North America, where governments are incentivizing the adoption of greener chemicals through subsidies and stricter emission standards. The growing awareness among consumers regarding the ecological footprint of products has also led to a surge in demand for bio-based ingredients in sectors such as personal care, pharmaceuticals, and automotive, fueling the expansion of the market.

Another critical factor stimulating market growth is the rapid advancement in biotechnological processes for the production of diethylene glycol from renewable sources. Innovations in fermentation technologies, enzyme engineering, and feedstock optimization have significantly enhanced the yield and cost-effectiveness of bio-based DEG. Plant-based and algae-based production methods, in particular, have demonstrated scalability and improved environmental performance compared to traditional petrochemical routes. These technological advancements are enabling manufacturers to meet the increasing global demand while maintaining competitive pricing, thus accelerating the adoption of bio-based DEG in a wide array of applications, including polyester resins, solvents, and plasticizers.

The expanding application landscape of bio-based diethylene glycol further contributes to its market growth. In addition to its traditional uses in polyester resins and coolants, bio-based DEG is witnessing increased utilization in emerging sectors such as cosmetics and pharmaceuticals, where product purity and sustainability are paramount. The versatility of bio-based DEG, coupled with its lower toxicity and reduced environmental impact, makes it a preferred choice for manufacturers seeking to align with global sustainability goals. This trend is particularly evident in the Asia Pacific region, where rapid industrialization and growing consumer awareness are driving the adoption of bio-based chemicals across diverse end-use industries.

From a regional perspective, Asia Pacific dominates the bio-based diethylene glycol market, accounting for the largest share in 2024 due to its expansive manufacturing base, rising environmental consciousness, and supportive government policies. North America and Europe follow closely, driven by advanced research and development activities and the presence of major market players. Latin America and the Middle East & Africa are also emerging as promising markets, supported by increasing investments in green chemistry and sustainable industrial practices. The regional outlook for the market remains positive, with Asia Pacific expected to maintain its lead over the forecast period, while other regions gradually increase their market presence through innovation and regulatory support.

Source Analysis

The source segment of the bio-based diethylene glycol market is primarily divided into plant-based, algae-based, and other alternative sources. Plant-based diethylene glycol<

Global Diethylene Glycol market size 2025 was XX Million. Diethylene Glycol Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The DEG market offers various product grades, including technical grade, food grade, and pharmaceutical grade. The technical grade is widely used in industrial applications, while the food grade is used in food and beverage packaging and the pharmaceutical grade is used in the production of medicines. Recent developments include: December 2021- Reliance Industries Ltd. (RIL), a prominent player in the diethylene glycol production, in association with a partner, are the ones among those bidding to take over bankrupt textile firm Sintex Industries Ltd. RIL is set to collaborate with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries as per the court-designated bankruptcy resolution procedure. Other bidders include Himatsingka Ventures Pvt. and GHCL Ltd. Easygo Textiles Pvt. that is operating with Dinesh Kumar and Shrikant Himatsingka. Sintex Industries said in the filing that the Resolutions Plans received will be examined by the Interim Resolution Professional and then will be brought before the Committee of Creditors for its future approval. This stance by the RIL is only the second time it has shown interest in an insolvent company. Sintex offers fabric to global fashion brands, including Hugo Boss, Burberry, Armani, and Diesel. Aside from the acquisition of marquee Bollywood brand assets abroad lately, RIL has also signed collaborations with numerous luxury international names.. Notable trends are: Growing Emulsifier applications in food products are driving the market growth.

Global Diethylene Glycol DEG Cas 111 46 6 market size 2025 was XX Million. Diethylene Glycol DEG Cas 111 46 6 Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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Ethylene Glycol Market Size 2025-2029

The ethylene glycol market size is forecast to increase by USD 18.42 billion, at a CAGR of 8.9% between 2024 and 2029.

The market is driven by the surging demand for polyester fibers, which account for a significant portion of ethylene glycol consumption. This trend is attributed to the growing preference for synthetic textiles due to their durability, affordability, and versatility. However, the market faces challenges from increasing environmental and regulatory pressures. Crude oil processing and natural gas processing are primary sources for ethylene glycol production. Ethylene glycol production contributes to greenhouse gas emissions and poses potential risks to water resources. Consequently, stringent regulations are being imposed to minimize the environmental impact of this chemical.
Companies must navigate these challenges by investing in research and development for eco-friendly production processes and collaborating with regulatory bodies to ensure compliance. By addressing these challenges, market participants can capitalize on the growing demand for ethylene glycol in the polyester industry and maintain a competitive edge. Ethylene glycol also finds application as a component in various chemicals, including Printing Inks, polymers, and plastics. Additionally, the industry is under pressure to adopt sustainable production methods, such as recycling and biodegradable alternatives, to mitigate environmental concerns.

What will be the Size of the Ethylene Glycol Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications of this versatile chemical in various sectors. Ethylene glycol, a colorless, odorless, and viscous liquid, is a crucial component in the production of polyethylene terephthalate (PET) and polyester resin. Its chemical properties make it an essential ingredient in glycol ethers, glycol esters, and other industrial applications. Bio-based glycols are gaining traction in the market due to their eco-friendly nature, derived from renewable resources such as corn and sugarcane. The continuous unfolding of market activities is reflected in the evolving patterns of ethylene glycol usage. For instance, in the textile industry, it is used in finishing processes to improve fabric quality and enhance durability. In the realm of Renewable Energy, ethylene glycol is employed as a coolant in renewable MegaWatt-scale Energy Storage systems.

In the automotive sector, ethylene glycol is used as a coolant in brake fluid and hydraulic fluid, ensuring efficient heat transfer and corrosion inhibition. Its use in de-icing fluid and as a component in antifreeze solutions is essential in harsh weather conditions. Ethylene glycol's physical properties, such as its low freezing point, make it an ideal choice for these applications. The market is subject to price volatility due to factors such as supply chain disruptions, production capacity constraints, and environmental regulations. The industry's ongoing response to these challenges is shaping the market's future trajectory. For example, safety standards are being upheld through rigorous quality control measures, ensuring the safe handling and disposal of ethylene glycol and its derivatives.

The market's continuous dynamism is also reflected in its usage in industries such as paper manufacturing, water treatment, and occupational safety. Its role in waste management and natural gas processing is a testament to its versatility and importance in various industrial processes. The evolving market landscape is shaped by ongoing research and development efforts, driven by the need to optimize production processes and reduce environmental impact. In summary, the market's continuous evolution is shaped by its diverse applications across various sectors, including textile finishing, automotive, and industrial processes. The market's ongoing response to challenges such as price volatility, environmental regulations, and safety standards is shaping its future trajectory.

Ethylene glycol's chemical properties, such as its low freezing point and high boiling point, make it an essential ingredient in numerous industrial applications. The industry's focus on sustainability and eco-friendliness is driving the adoption of bio-based glycols, ensuring the market's continued growth and innovation. Polyethylene Terephthalate (PET) recycling and the use of diethylene glycol (DEG) in PET production are emerging areas of focus.

How is this Ethylene Glycol Industry segmented?

The ethylene glycol industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical da

In 2024, the diethylene glycol and digol market in Australia and Oceania decreased by -1.9% to $2M for the first time since 2021, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $2M, and then shrank modestly in the following year.

The CIS diethylene glycol and digol market totaled $13M in 2024, with an increase of 5.3% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $15M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Dive into Market Research Intellect's Diethylene Glycol (DEG) (Cas 111-46-6) Market Report, valued at USD 2.5 billion in 2024, and forecast to reach USD 3.8 billion by 2033, growing at a CAGR of 5.3% from 2026 to 2033.

Diethylene Glycol Market is projected to reach USD 3.7 Billion by 2034, with a 4.3% CAGR from 2025 to 2034.

Dive into Market Research Intellect's Diethylene Glycol (DEG) Sales Market Report, valued at USD 3.5 billion in 2024, and forecast to reach USD 5.2 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.

The global diethylene glycol market size was valued at USD XX million in 2022 and is projected to reach USD XX million by 2033, exhibiting a CAGR of 7.70% during the forecast period. The key factors driving this growth are the expanding plastics, agrochemical, and personal care industries, as diethylene glycol is primarily used as a raw material for these industries. Additionally, rising disposable income and increasing spending on personal care products contribute to the market's growth. The Asia Pacific region dominates the diethylene glycol market, with China, India, and Japan as significant contributors. The increasing demand for plastic products, agrochemicals, and personal care products in these countries is expected to drive regional growth. North America and Europe also hold substantial market shares, driven by well-established manufacturing industries. The demand for diethylene glycol is expected to remain robust in these regions due to ongoing infrastructural development and population growth. Emerging markets in South America, the Middle East, and Africa represent growth opportunities for diethylene glycol manufacturers as industrialization and urbanization accelerate in these regions. Recent developments include: February 2023: Nippon Shokubai Co., Ltd. received ISCC PLUS certification for 19 products which enables the company to manufacture products with low environmental impact using biomass derived raw materials. The certified products include monoethylene glycol, diethylene glycol, triethylene glycol, acrylic acid, and acrylic ester including others., July 2022: PTT Global Chemical Public Company Limited announced that the company acquired the entire business of GC Glycol Co., Ltd. This acquisition helped the company to expand its diethylene glycol business globally.. Key drivers for this market are: Rising Plastic Demand from Various Industries, Increasing Demand in Paints and Coatings; Other Drivers. Potential restraints include: Rising Plastic Demand from Various Industries, Increasing Demand in Paints and Coatings; Other Drivers. Notable trends are: Increasing Demand in the Plastics Industry.

Explore the various factors influencing diethylene glycol prices in 2023, including supply chain dynamics, crude oil fluctuations, regulatory scrutiny, and demand from key industries. Stay updated with the latest market trends and pricing strategies amid global economic shifts.