The global ethylene glycol consumption is experiencing significant growth, driven by its diverse applications across industries such as textiles, packaging, and automotive. Ethylene glycol, a versatile chemical, is primarily used in the production of polyester fibers, polyethylene terephthalate (PET) resins, and automotive antifreeze, which are critical for manufacturing clothing, packaging materials, and coolant systems.
Base Year
Historical Year
Forecast Year
Key drivers of ethylene glycol procurement report include the increasing production of polyester for textiles and PET for packaging applications, particularly in the Asia-Pacific region. This region dominates both production and consumption, with China leading due to its expansive manufacturing capabilities and strong export activities. Growing industrialization and urbanization in emerging markets further fuel the demand for ethylene glycol.
The cost structure of ethylene glycol production in the ethylene glycol procurement report is driven by key factors such as raw materials, energy, catalysts, operational expenses, and regulatory compliance. Among these, raw materials constitute the largest cost component. Ethylene, the primary feedstock, is a critical determinant of production costs, with its pricing strategies influenced by fluctuations in crude oil and natural gas industries.
Energy costs, particularly for the ethylene oxide process, represent a significant portion of operational expenses due to the energy-intensive nature of production. The use of specialized catalysts also adds to the cost modeling, as these are essential for the conversion processes.
Ethylene glycol price modeling are influenced by fluctuations in raw material costs, energy prices, and global supply-demand dynamics. The price of ethylene, the primary feedstock, plays a critical role, with its volatility driven by changes in crude oil and natural gas sectors, as well as fluctuations in petrochemical supply chains.
Recent trends in ethylene glycol procurement report indicate rising ethylene glycol prices due to increased demand from the polyester and automotive industries, particularly in the Asia-Pacific region, where industrial activity and consumer sectors are expanding. Supply chain disruptions, heightened energy costs, and compliance with environmental regulations have further contributed to price increases.
Procurement practices in the ethylene glycol procurement report emphasize securing reliable supply chains, optimizing costs, and maintaining quality standards. Key strategies include establishing long-term contracts with suppliers of key raw materials, such as ethylene, to mitigate price volatility and ensure steady availability. Diversifying sourcing options across multiple regions helps reduce dependency on specific industries and enhances resilience against supply disruptions.
Preference is given to suppliers with strong environmental and sustainability credentials, aligning with corporate social responsibility goals and regulatory requirements. Efficient logistics and inventory management and category management are essential, given the need for proper handling and storage of ethylene glycol to ensure product integrity.
Founded in 1833, Shell is a global group of energy and petrochemical companies, employing 103,000 people and with operations in more than 70 countries. The company studied in ethylene glycol procurement report serves more than 1 million commercial and industrial customers, and around 33 million customers daily at more than 47,000 Shell-branded retail service stations.
Founded in 1865, BASF SE is a chemical manufacturing company with the presence of 112,000 employees. The company’s portfolio comprises six segments such as chemicals, materials, industrial solutions, surface technologies, nutrition and care and agricultural solutions.
Established in 2005, Mitsubishi Chemical Group specializes in mobility, digital, medical and food sectors. Headquartered in Tokyo, the company has 70,000 employees.
Headquartered in Riyadh, Saudi Arabia, SABIC is a global diversified chemicals company engaged in the manufacture of chemicals, commodity and high-performance plastics and agri-nutrients. The company has a workforce of 31,000 employees worldwide, serving customers in more than 140 countries.
Established in 1957 in India, Reliance is India’s largest and most private sector company. The company’s activities include hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
As per the ethylene glycol procurement report, in October 2024, Chinese scientists successfully trialed the industrial production of bio-ethylene glycol from the sugars of straws.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global ethylene glycol ethylene glycol procurement market report reached approximately USD 48.21 Billion in 2024.
The ethylene glycol procurement market is projected to grow at a CAGR of 4.70% between 2025 and 2030.
The ethylene glycol demand is projected to reach a value of around USD 63.51 Billion by 2030.
The significant modes of manufacturing process of ethylene glycol are Ethylene Oxide, Coal, Biological Route, and others.
The major demand drivers of the ethylene glycol procurement market report include rising demand for polyester fibers and PET resins in the textile and packaging industries, increasing automotive production for antifreeze and coolant applications, and growing industrialization in emerging economies.
The leading types are Monoethylene Glycol (MEG), Diethylene Glycol (DEG), and Triethylene Glycol (TEG).
Mono Ethylene glycol is produced from ethylene, via the intermediate ethylene oxide.
The key players in the ethylene glycol procurement market include Shell PLC, BASF SE, Mitsubishi Chemical Group, Saudi Basic Industries Corporation, Reliance Industries Ltd, China Petrochemical Co., Ltd. (SINOPEC), Formosa Plastics Corporation, INEOS AG, LOTTE Chemical Corporation, and India Glycols Limited, among others.
The best procurement practices in the ethylene glycol industry include diversifying supplier sources, securing long-term contracts to stabilize pricing, maintaining strong supply chain management, and ensuring compliance with environmental and safety regulations.
The ethylene glycol procurement report is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2019-2024 |
| Forecast Period | 2025-2030 |
| Growth Rate | CAGR of 4.70 from 2025 to 2030 |
| Regional Cost Structure | Key Cost Indicators, Cost Breakdown by Component |
| Raw Material Market Outlook | Raw Material Market Analysis, Mapping of Key Raw Material Suppliers, Availability of Raw Material by Region, Pricing Outlook of Key Raw Materials |
| Key Sourcing Strategies | Vendor/Supplier Selection, Price and Contract Model Structure, Sourcing Model, Negotiation Strategy |
| Supplier Analysis | Supplier Selection, Key Global Players, Key Regional Players, Supplier Profiles and SWOT Analysis, Innovation and Sustainability |
| Companies Covered | Shell PLC, BASF SE, Mitsubishi Chemical Group, Saudi Basic Industries Corporation, Reliance Industries Ltd, China Petrochemical Co., Ltd. (SINOPEC), Formosa Plastics Corporation, INEOS AG, LOTTE Chemical Corporation, and India Glycols Limited, among others. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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