Global Glycol Market by Product (Ethylene, Propylene), by Application (Textiles, Airline, Automotive, HVAC, Polyester Fibers & Resins) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global glycol market was valued at USD 30.41 million. The market is expected to grow at 6.7% between 2019 and 2025. It is used in a variety of industries, including automotive, transportation, food and beverage processing, heating and ventilation, air conditioning (HVAC), and polyester fibers. A recent improvement in the economic outlook for western markets has had a positive effect on market growth. This is due to the recovery of manufacturing activities.

Glycols have been subject to intense regulatory scrutiny during this period of increased oversight. FDA and the U.S. EPA are now focusing their attention on their harmful effects on human health. FDA has established acceptable daily intake levels for propylene glycol to protect human health, even though it is generally recognized as safe (GRAS). EPA has also conducted studies on the toxicology of glycols, and provided recommendations for how to handle and use these chemicals.

As mentioned above, regulations play a crucial role in the industry’s dynamic. According to changes to existing policies, compliance procedures, inventory protocols and manufacturing standards are all affected. This intervention at the state level also leads to a greater focus on development expenditures by companies. These are generally driven by changes in customer preferences and product standards.

Companies are making clear efforts to increase efficiency in supply chains and decrease uncertainties related to cost components. The chemical industry has also embraced the virtual marketplace trend as the world becomes more open to it. Many online platforms now sell chemicals (including glycols), to end-users via such portals.

A virtual marketplace makes it easy to purchase products from a consumer's point of view. Online marketing can reduce the costs of physical infrastructure. This trend has helped increase the profit margins and broaden customer base. It also allows companies to avoid competing for physical presence on foreign markets.

Product Insights

Based on the product, the market has been divided into propylene glycol (1.2-propanediol), and ethylene glycol (1.1.2-ethanediol). These products are suitable for a wide range of applications. Propanediol can be used to make polyester compounds. It is also used as a solvent for food coloring, flavoring and resin manufacturing.

Propylene glycol is gaining popularity as an antifreeze substitute for and ethylene glycol. 1,2-propanediol is used in antifreeze applications in chemicals, food and pharmaceutical industries. The chemical can be used as a replacement for ethylene glycol in a 40/60 ratio of 1,2-propanediol to water. It is also useful as an antifreeze for marine and automotive vehicles.

Ethylene glycol can be used as an antifreeze and coolant, as well as a heat-transfer agent. The chemical can also be used to lower the freezing point of fluids. It is also useful as a reagent for the production of alkyd resins and synthetic waxes. The ethylene-based glycols are also used in hydraulic fluids, printing inks, and paint solvents.

Application Insights

The glycol market serves key industry sectors such as automotive, pharmaceuticals and food & drink processing. It also maintains pipeline maintenance, textiles and aviation. In the wake of the recession, there were structural changes in the global economy.

The global GDP grew by almost 3.7% in 2018, as industrial activity improved across developed countries and expanded significantly across developing regions. Glycol manufacturers have a bright future thanks to this global economic growth. Automotive will be the fastest-growing segment in the forecast period.

Globally, automotive production increased by 2.4% to 97.3 million units in 2017. A few European countries like the Netherlands, Finland Portugal, Slovenia and Russia registered double-digit growth rates. Europe continues to be the dominant market for glycol, and positive macro indicators such as those mentioned above should be used to optimize the industry's growth prospects.

Regional Insights

Europe and North America have been the traditional powerhouses of manufacturing technologies and innovative approaches to building industry ecosystems. These regions together accounted for almost 50.0% global demand. However, there has been a significant shift in the production landscape towards Asian markets. China is positioning itself as both a global and regional hub for manufacturing.

Asia Pacific was responsible for almost 43.0% global monoethylene glycol (MEG), production capacity, and 44.0% global consumption in 2018. China, India, Taiwan dominated the region in terms of production. Consumption was dominated by India and China, which together accounted nearly 85.0%. They are distinguished by their large consumer base and export-oriented industrial output.

Glycol Market Share insights

Due to the high demand for glycols in many industries, there is a lot of competition between players. There are many opportunities in developing countries, which has led to the creation of small-scale regional players. In North America, there have been numerous glycol recovery businesses.

Global market is very product-driven. Market participants invest a lot in development and commercialization of products with better specifications. Among the notable players in this market are DowDuPont and BASF, Sinopec. Royal Dutch Shell, Lotte Chemical. Ashland, Cargill. Univar. AkzoNobel. SABIC. Huntsman. Reliance Industries. LyondellBasell.

The Report Covers Certain Segments

This report forecasts revenue growth and volume at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014-2025. Up Market Research has divided the global glycol market report by product, region, and application.

• Product Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • Ethylene Glycol

    • Monoethylene Glycol (MEG)

    • Diethylene Glycol (DEG)

    • Triethylene Glycol (TEG)

  • Propylene Glycol

• Application Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Automotive

    • Auto Retail

    • Traditional Auto

    • Heavy-duty

    • Application for Specialties

  • HVAC

  • Textiles

  • Airlines

  • Medical

  • Pipeline Maintenance

  • Polyester Fibers & Resins

  • Food & Beverage

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • North America

    • U.S

      • New England

      • Mid-Atlantic

      • East North Central

      • West North Central

      • South Atlantic

      • East South Central

      • West South Central

      • West

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

Up Market Research published a new report titled “Glycol Market research report which is segmented by Product (Ethylene, Propylene), by Application (Textiles, Airline, Automotive, HVAC, Polyester Fibers & Resins), By Players/Companies HVAC The post-recession economy of the world underwent structural changes in terms of trade policies, business localization & sustainability, polyester fibers & resins, aviation, pharmaceuticals, food & beverage processing, pipeline maintenance, medical, automotive, fiscal mechanisms, textiles”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Glycol Market Report Segments:

The market is segmented by Product (Ethylene, Propylene), by Application (Textiles, Airline, Automotive, HVAC, Polyester Fibers & Resins).

Glycol Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Glycol Market

Overview of the regional outlook of the Glycol Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Glycol Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Glycol Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ethylene

                2. Propylene

                1. Textiles

                2. Airline

                3. Automotive

                4. HVAC

                5. Polyester Fibers & Resins

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Glycol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Glycol Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.