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.
Report Scope
Attribute |
More Details |
Estimation base year |
2018 |
Actual estimates/Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Representation of the market |
Volume in kilotons and Revenue in USD million & CAGR between 2018-2025 |
Regional scope |
North America, Europe and Asia Pacific, Latin America and the Middle East & Africa |
Report coverage |
Volume & Revenue Forecast, Company Share, Competitive Landscape, Growth Factors and Trends |
Country Scope |
U.S., Canada, Mexico, Germany, France, U.K., China, India, Japan, Brazil |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with any additional information that you require. |
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
Report Attributes | Report Details |
Report Title | Glycol Market Research Report |
By Product | Ethylene, Propylene |
By Application | Textiles, Airline, Automotive, HVAC, Polyester Fibers & Resins |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 243 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Glycol Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Ethylene
2. Propylene
7. By Application:1. Textiles
2. Airline
3. Automotive
4. HVAC
5. Polyester Fibers & Resins
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glycol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glycol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glycol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glycol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glycol Market Size & Forecast, 2018-2028
4.5.1 Glycol Market Size and Y-o-Y Growth
4.5.2 Glycol Market Absolute $ Opportunity
Chapter 5 Global Glycol Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Glycol Market Size Forecast by Product
5.2.1 Ethylene
5.2.2 Propylene
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Glycol Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Glycol Market Size Forecast by Application
6.2.1 Textiles
6.2.2 Airline
6.2.3 Automotive
6.2.4 HVAC
6.2.5 Polyester Fibers & Resins
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Glycol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Glycol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Glycol Analysis and Forecast
9.1 Introduction
9.2 North America Glycol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Glycol Market Size Forecast by Product
9.6.1 Ethylene
9.6.2 Propylene
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
9.10 North America Glycol Market Size Forecast by Application
9.10.1 Textiles
9.10.2 Airline
9.10.3 Automotive
9.10.4 HVAC
9.10.5 Polyester Fibers & Resins
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Glycol Analysis and Forecast
10.1 Introduction
10.2 Europe Glycol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Glycol Market Size Forecast by Product
10.6.1 Ethylene
10.6.2 Propylene
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
10.10 Europe Glycol Market Size Forecast by Application
10.10.1 Textiles
10.10.2 Airline
10.10.3 Automotive
10.10.4 HVAC
10.10.5 Polyester Fibers & Resins
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Glycol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glycol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Glycol Market Size Forecast by Product
11.6.1 Ethylene
11.6.2 Propylene
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
11.10 Asia Pacific Glycol Market Size Forecast by Application
11.10.1 Textiles
11.10.2 Airline
11.10.3 Automotive
11.10.4 HVAC
11.10.5 Polyester Fibers & Resins
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Glycol Analysis and Forecast
12.1 Introduction
12.2 Latin America Glycol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Glycol Market Size Forecast by Product
12.6.1 Ethylene
12.6.2 Propylene
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
12.10 Latin America Glycol Market Size Forecast by Application
12.10.1 Textiles
12.10.2 Airline
12.10.3 Automotive
12.10.4 HVAC
12.10.5 Polyester Fibers & Resins
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Glycol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glycol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Glycol Market Size Forecast by Product
13.6.1 Ethylene
13.6.2 Propylene
13.7 Basis Point Share (BPS) Analysis by Product
13.8 Absolute $ Opportunity Assessment by Product
13.9 Market Attractiveness Analysis by Product
13.10 Middle East & Africa (MEA) Glycol Market Size Forecast by Application
13.10.1 Textiles
13.10.2 Airline
13.10.3 Automotive
13.10.4 HVAC
13.10.5 Polyester Fibers & Resins
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Glycol Market: Competitive Dashboard
14.2 Global Glycol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HVAC The post-recession economy of the world underwent structural changes in terms of trade policies
14.3.2 business localization & sustainability
14.3.3 polyester fibers & resins
14.3.4 aviation
14.3.5 pharmaceuticals
14.3.6 food & beverage processing
14.3.7 pipeline maintenance
14.3.8 medical
14.3.9 automotive
14.3.10 fiscal mechanisms
14.3.11 textiles