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).

In Q3 2025, USA, the Mono Ethylene Glycol Price Index fell by 2.6% quarter-over-quarter, PET weakness. Check detailed insights for Europe, MEA, South America and APAC.

Explore the latest trends in mono ethylene glycol (MEG) pricing as of 2023, influenced by global demand, supply constraints, and economic factors. Discover how fluctuations in crude oil prices, production capacities, and geopolitical events impact MEG costs, with a focus on the influential Asian market and seasonal demand variations.

Explore the dynamic factors influencing ethylene glycol prices, including market demand, geopolitical factors, and seasonal changes. Learn how industry professionals access current and future price trends for strategic procurement and risk management.

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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 data from 2019-20

China is the world's leading importer country of ethylene glycol, also known as ethanediol. In 2023, the East Asian country imported over **** million metric tons of the compound, with a value of **** billion U.S dollars. Ranking second, but by a wide margin, was India, which imported some ****** million U.S. dollars of ethanediol. That year, the United States was the top exporting country of ethylene glycol worldwide, with an export value that amounted to *** billion U.S. dollars.

Explore the factors influencing ethylene glycol market prices in 2023, including raw material costs, geopolitical tensions, and demand across industries. Discover how environmental regulations and technological advancements may impact pricing, with insights into regional variations and future outlooks.

In May 2025, the average ethylene glycol export price amounted to $476 per ton, dropping by -8.6% against the previous month.

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.

The global ethylene glycol (EG) market, valued at $40.35 billion in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 2.6% from 2025 to 2033. This growth is driven by increasing demand from key application sectors such as the automotive industry (primarily for antifreeze), the booming cosmetics industry requiring high-purity EG, and expanding industrial applications like polyester fiber production. Technological advancements focusing on sustainable and efficient EG production methods contribute to market expansion. However, fluctuating crude oil prices, a key raw material for EG production, pose a significant challenge. Furthermore, stringent environmental regulations regarding the use and disposal of EG, particularly focusing on its toxicity, could impact market growth. The market is segmented by type (monoethylene glycol (MEG), diethylene glycol (DEG), triethylene glycol (TEG)) and application (industrial, cosmetics, automotive, aerospace & defense, others). MEG holds the largest market share due to its wide application in various industries. Regional variations exist, with North America and Asia-Pacific (driven by China and India) representing major consumption hubs, reflecting their strong manufacturing sectors and robust automotive industries. The competitive landscape is highly consolidated with major players like BASF, DowDuPont, Shell, Sinopec Group, and Huntsman dominating the market. These companies are strategically investing in research and development to enhance product quality, expand production capacities, and explore new application areas. The market's future trajectory will largely depend on the evolving global economic conditions, technological innovations, and regulatory landscape impacting the chemical industry. Continued growth is anticipated, particularly in developing economies exhibiting rapid industrialization and urbanization. Strategic partnerships, mergers and acquisitions, and the introduction of innovative products are likely to shape the market dynamics in the coming years. The ongoing shift toward sustainable manufacturing processes within the chemical industry will also present both opportunities and challenges for EG manufacturers.

Ethylene Glycol Market Size Value in France, 2022 Discover more data with ReportLinker!

This statistic shows the ethylene glycol total costs and potential prices in the United States, Saui-Arabia, and Asia, as at 2012. As at 2012, the ethylene glycol total costs in the United States amounted to 336 U.S. dollars per ton, whereas the potential price amounted to 346 U.S. dollars per ton. Ethylene glycol is mainly used for the manufacture of antifreeze formulations and polyesters.

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.

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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?

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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?

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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?

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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,

Ethylene Glycol Market Size Value in Germany, 2022 Discover more data with ReportLinker!

In 2023, shipments abroad of ethylene glycol (ethanediol) was finally on the rise to reach 11K tons for the first time since 2020, thus ending a two-year declining trend.

In 2022, the market for monoethylene glycol (also known as simply ethylene glycol) was valued at approximately ***** billion U.S. dollars worldwide. By 2030, the global market value of this organic compound is expected to increase to around ***** billion U.S. dollars.

For the third consecutive year, Luxembourg recorded decline in purchases abroad of ethylene glycol (ethanediol), which decreased by -95.4% to 353 tons in 2023.

In 2022, the production value of ethylene glycol manufactured in the European Union (EU-27) amounted to roughly *** million euros, according to estimates by the European Commission. This represents an increase from the previous year.

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