The Ethylene Glycol Market Report is Segmented by Product Type (Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol), Manufacturing Process (Ethylene-Oxide Route, Coal-To-MEG, Bio-Based Route), Application (Polyester Fibre, PET, Antifreeze and Coolant, and More), End-User Industry (Automotive, Oil and Gas, Plastics and Packaging, and More), and Geography (Asia-Pacific, North America, Europe, and More).

The Ethylene Glycol Market is estimated to be valued at USD 42.6 billion in 2025 and is projected to reach USD 80.0 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5% over the forecast period.

Snapshot img

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.
Request Free Sample

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 data from 2019-20

The global ethylene glycol market size was worth over USD 21.81 Billion in 2025 and is poised to grow at a CAGR of around 4.8%, reaching USD 34.86 Billion revenue by 2035, fueled by increased expenditure in research & development.

Snapshot img

The ethylene oxide and ethylene glycol market has the potential to grow by USD 19.55 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.89%.

This ethylene oxide and ethylene glycol market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (ethylene oxide and ethylene glycol) and geography (APAC, Europe, North America, MEA, and South America). The ethylene oxide and ethylene glycol market report also offers information on several market vendors, including BASF SE, Dow Inc., Formosa Plastics Corp., INEOS Group Holdings SA, LG Electronics Inc., LyondellBasell Industries NV, Reliance Industries Ltd., Royal Dutch Shell Plc, and Saudi Basic Industries Corp. among others.

What will the Ethylene Oxide and Ethylene Glycol Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Ethylene Oxide and Ethylene Glycol Market

Get Your FREE Sample Now!

Ethylene Oxide and Ethylene Glycol Market: Key Drivers and Trends

The developments in end-user industries are notably driving the ethylene oxide and ethylene glycol market growth, although factors such as fluctuation in prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ethylene oxide and ethylene glycol industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This ethylene oxide and ethylene glycol market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Ethylene Oxide and Ethylene Glycol Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BASF SE
Dow Inc.
Formosa Plastics Corp.
INEOS Group Holdings SA
LG Electronics Inc.
LyondellBasell Industries NV
Reliance Industries Ltd.
Royal Dutch Shell Plc
Saudi Basic Industries Corp.

The vendor landscape of the ethylene oxide and ethylene glycol market entails successful business strategies deployed by the vendors. The ethylene oxide and ethylene glycol market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the ethylene oxide and ethylene glycol market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Ethylene Oxide and Ethylene Glycol Market?

For more insights on the market share of various regions Request for a FREE sample now!

46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for ethylene oxide and ethylene glycol in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The surge in demand for PET packaging will facilitate the ethylene oxide and ethylene glycol market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Ethylene Oxide and Ethylene Glycol Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The ethylene oxide and ethylene glycol market share growth by the ethylene oxide segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ethylene oxide and ethylene glycol market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment,

The global ethylene glycol market value reached approximately USD 48.21 Billion in 2024. The market is projected to grow at a CAGR of 4.70% between 2025 and 2034, reaching a value of around USD 76.31 Billion by 2034.

The global Ethylene Glycol Market size is expected to reach USD 27.43 Billion in 2032 registering a CAGR of 5.2%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

The Monoethylene Glycol (MEG) Market report segments the industry into Application (Polyester Fiber, PET Bottle, PET Film, Antifreeze, Industrial), End-User Industry (Textile, Packaging, Plastic, Automotive and Transportation, Other End-User Industries (Electronics, Paints)), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East & Africa).

In 2022, the market volume of monoethylene glycol (also known as simply ethylene glycol) worldwide amounted to roughly ***** million metric tons. It is forecast that the market volume of this organic compound will grow to around ***** million metric tons worldwide in the year 2030.

European Ethylene Glycol Market Size Volume by Country, 2023 Discover more data with ReportLinker!

Ethylene Glycols Market size was USD 29.23 Billion in 2022 and is expected to reach USD 42.33 Billion in 2034 growing at a CAGR of 4.2% during the forecast period.

Ethylene Glycol Market size is expected to be worth around USD 65.5 billion by 2033, from USD 43.8 billion in 2023, at a CAGR of 4.1%

Global Ethylene Oxide and Ethylene Glycol Market size was valued at USD 75.4 Billion in 2024 and is projected to reach USD 103.5 Billion by 2032, growing at a CAGR of 4.0% from 2025 to 2032.

Ethylene Oxide and Ethylene Glycol Market Drivers

Growing Demand for Polyester: Ethylene glycol is a crucial raw material for the production of polyester fibers and resins, widely used in textiles, packaging, and automotive applications. The growing demand for polyester products in various industries drives the market for both ethylene oxide (a precursor to ethylene glycol) and ethylene glycol itself

Increasing Use of Antifreeze: Ethylene glycol is a primary component of antifreeze solutions used in automotive engines and industrial cooling systems. The rising demand for vehicles, especially in developing economies, fuels the need for antifreeze and consequently, ethylene glycol production.

Expansion of the PET Industry: Polyethylene terephthalate (PET) is a widely used plastic for packaging (bottles, containers) and textiles. The growth of the PET industry, driven by the increasing demand for packaged food and beverages, directly impacts the demand for ethylene glycol, a key raw material in PET production.

Industrial Applications: Ethylene oxide and ethylene glycol have diverse industrial applications, including the production of surfactants, solvents, and other chemicals. The expansion of various industries, such as chemicals, pharmaceuticals, and personal care, drives demand for these products.

Global Ethylene Glycol market size will be USD 58.5 Billion by 2030. Ethylene Glycol Industry's Compound Annual Growth Rate will be 5.28% from 2023 to 2030.

Forecast: Ethylene Glycol Market Size Value in France 2023 - 2027 Discover more data with ReportLinker!

The global Mono Ethylene Glycol (MEG) market reached about 38262 thousand and is expected to grow at a steady CAGR of 4.55% during the forecast period until 2035.

The Glycol Market report segments the industry into Type (Ethylene Glycol, Propylene Glycol, Other Types), End-User Industry (Automotive and Transportation, Packaging, Food and Beverage, Cosmetics, Pharmaceuticals, Textile, Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). Get five years of historical data alongside five-year market forecasts.

Learn about the growing demand for ethylene glycol in the Middle East and North Africa (MENA) region and the projected market trends for the next decade.

The glycol market size is projected to grow from $45.55 billion in 2024 to $97.15 billion by 2035, representing a CAGR of 7.12% during the forecast period 2024-2035

In 2024, Market Research Intellect valued the Ethylene Glycol Market Report at USD 40.8 billion, with expectations to reach USD 57.2 billion by 2033 at a CAGR of 4.9%.Understand drivers of market demand, strategic innovations, and the role of top competitors.