Get the latest insights on price movement and trend analysis of Ethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Mono Ethylene Glycol Price Change in July 2025? North America Mono Ethylene Glycol (MEG) Spot Price declined during the Q2 2025, especially in the US market where it declined by 4.8%, settling at USD 460/MT FOB US Gulf in June.

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 da

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.

Ethylene Glycol Market Outlook

The global ethylene glycol market size, valued at USD 31.8 billion in 2023, is projected to reach USD 46.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period. This growth can be attributed to several key factors, including increasing demand for polyester fibers and PET resins, which are major applications of ethylene glycol. The robust expansion of the textile and packaging industries, especially in emerging economies, plays a pivotal role in boosting market growth. Furthermore, the automotive industry's demand for antifreeze and coolants also significantly contributes to the market's upward trajectory.

One of the primary growth drivers of the ethylene glycol market is the burgeoning global textile industry. As textile production ramps up across the globe, especially in Asia-Pacific countries, the demand for polyester fibers, which extensively use monoethylene glycol, has seen a significant surge. Additionally, technological advancements in textile manufacturing processes have facilitated the production of high-performance polyester fibers, further amplifying the demand for ethylene glycol. This demand is reinforced by shifting consumer preferences towards durable and cost-effective textiles, underscoring the importance of ethylene glycol in the sector.

Another significant contributor to the growth of the ethylene glycol market is the packaging industry's evolution, driven by the escalating demand for PET resins. PET bottles and containers, which are lightweight, durable, and recyclable, have become a staple in the packaging of beverages, foods, and personal care products. The burgeoning e-commerce sector, which relies heavily on efficient packaging solutions, further fuels the demand for PET resins. Consequently, ethylene glycol, a crucial raw material in PET production, benefits from the sustained growth of the packaging industry, particularly in North America and Europe, where sustainability and recycling initiatives have gained considerable momentum.

The automotive sector also stands out as a critical growth factor for the ethylene glycol market, with antifreeze and coolants being indispensable for vehicle maintenance. As vehicle production and sales continue to rise worldwide, so does the need for high-performance coolants to ensure engine efficiency and longevity. This trend is more pronounced in regions such as North America and Europe, where the automotive industry remains a significant economic contributor. Moreover, the increasing adoption of electric vehicles, which also require advanced cooling systems, is expected to provide new growth avenues for ethylene glycol in the automotive sector.

Regionally, the Asia-Pacific region is poised to dominate the ethylene glycol market, primarily driven by rapid industrialization and urbanization in countries like China and India. The region's thriving textile and automotive industries, coupled with substantial investments in infrastructure development, are pivotal in reinforcing its market leadership. Additionally, the presence of major ethylene glycol manufacturers and suppliers in the region ensures a steady supply chain, further cementing its market position. Moreover, government initiatives aimed at boosting domestic manufacturing capabilities are likely to bolster the ethylene glycol market's growth in this region over the forecast period.

Product Type Analysis

The ethylene glycol market can be segmented by product type into monoethylene glycol, diethylene glycol, and triethylene glycol. Monoethylene glycol (MEG) holds the largest share in this segment, driven by its extensive application in the production of polyester fibers and PET resins. The versatility of MEG, coupled with its cost-effectiveness, makes it a preferred choice among manufacturers. Furthermore, the increasing demand for synthetic fabrics and PET packaging materials augments the consumption of MEG, especially in burgeoning economies of Asia-Pacific, where textile manufacturing is in full swing. The preference for MEG in these regions is also strengthened by advancements in polymer technology, which have improved the quality and efficiency of polyester production.

Diethylene Glycol (DEG) is a versatile compound that plays a significant role in various industrial applications. Its hygroscopic nature and low volatility make it an ideal choice for use in brake fluids, lubricants, and as a chemical intermediate. The automo

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 Kenyan ethylene glycol market was finally on the rise to reach $977K in 2024, after two years of decline. Overall, consumption posted a perceptible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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 p

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).

The global ethylene glycol market stood at USD 37,743.8 million in 2023. It is projected to exhibit a Y-O-Y growth of 5.9% in 2024 and reach USD 40,017 million in the same year. Surging at a CAGR of 6.5% between 2024 and 2034, demand for the chemical compound is estimated to reach USD 75,303.1 million by 2034.

Attributes	Description
Estimated Global Ethylene Glycol Market Size (2024E)	USD 40,017 million
Projected Global Ethylene Glycol Market Value (2034F)	USD 75,303.1 million
Value-based CAGR (2024 to 2034)	6.5%

Semi-annual Market Update

Particular	Value CAGR
H1	6.2% (2023 to 2033)
H2	6.4% (2023 to 2033)
H1	6.5% (2024 to 2034)
H2	6.8% (2024 to 2034)

Country-wise Insights

Countries	CAGR 2024 to 2034
South Korea	7.8%
Japan	7.4%
China	6.8%
Canada	7.1%
United States	6.7%

Category-wise Insights

Segment	Textile (End-use Industry)
Value Share (2024)	25.8%

Segment	Monoethylene Glycol (Product Type)
Value Share (2024)	62.8%

Get the latest insights on price movement and trend analysis of Ethylene Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

Why did the Ethylene Oxide Price Change in July 2025? For Q2 2025, the Ethylene Oxide Price Index averaged +0.5%, on an FOB US Gulf basis. Prices remained mostly stable and settled near USD 912/MT by end of June, supported by stable contract trades.

The global ethylene glycol market size was over USD 18.91 billion in 2024 and is anticipated to witness a CAGR of around 5.5%, crossing USD 37.93 billion revenue by 2037. Textile segment is expected to account for majority share by 2037, due to large production volume of textile fibers.

In Q1 2025, the North American Mono Ethylene Glycol (MEG) market followed a bullish trajectory, with prices rising steadily across the quarter. January saw a mid-month surge in MEG prices, driven by a sharp increase in Ethylene Oxide (EO) costs and unexpected supply disruptions caused by severe winter storms along the Gulf Coast, particularly impacting facilities in Texas. These disruptions limited production, tightening supply and pushing prices higher despite sluggish demand from the downstream PET sector. Strategic inventory management and restricted logistics further supported price stability.

In 2024, the Pakistani ethylene glycol market was finally on the rise to reach $194M after two years of decline. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $279M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The triethylene glycol prices in the United States for Q3 2024 reached 1240 USD/MT in September. During the quarter, triethylene glycol prices fell significantly due to reduced demand in key sectors like resins and antifreeze, along with severe weather disruptions. High interest rates also led to a downturn in the construction industry, limiting TEG usage, while decreased chemical exports worsened market conditions.

Product	Category	Region	Price
Triethylene Glycol	Petrochemicals	United States	1240 USD/MT
Triethylene Glycol	Petrochemicals	China	1350 USD/MT
Triethylene Glycol	Petrochemicals	Germany	1615 USD/MT

Explore IMARC’s newly published report, titled “Triethylene Glycol (TEG) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of triethylene glycol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

The EU ethylene glycol market expanded slightly to $2.2B in 2024, picking up by 4.4% against the previous year. In general, consumption, however, showed a mild slump. The level of consumption peaked at $2.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The U.S. ethylene glycol market totaled $959M in 2024, surging by 9.9% against the previous year. In general, consumption, however, saw a pronounced decrease. Ethylene glycol consumption peaked at $1.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.