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Report Overview
The diethylene glycol market reached 3.00 MMT in 2024 & expected to grow at 4.80% CAGR, to reach of 4.79 MMT by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in MMT
4.8%
2025-2034
Diethylene Glycol Market Outlook
*this image is indicative*
Rising Government Investments to Bolster the Global Diethylene Glycol Market
The market in the Asia Pacific region is expected to witness a robust growth rate, owing to the rising investments by the governments within the region for infrastructural development and rapid industrialisation, particularly in developing countries, such as India and China. Diethylene glycol has various uses, like its use as a raw material in the manufacturing of polyester resins and plasticizers, as well as its use as a humectant, dehydrating agent in natural gas, plasticiser for paper, and as demulsifier and lubricant. Moreover, due to its superior properties as a softening agent, the chemical is extensively used in pigments and brake fluids paste. Further, expanding investments for new technologies, innovations, and patent registrations is expected to contribute significantly to the market growth in the forecast period. In addition to this, the market is expected to be stimulated in the forecast period by the growing demand for paint and coatings in the automotive sector as well as enhancing construction industry in emerging countries, such as Brazil, India, and China.
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Diethylene Glycol: Market Segmentation
Diethylene glycol (DEG) is an organic chemical that is made by the partial hydrolysis of ethylene oxide. The chemical is a colourless, has low viscosity, and is a low volatile liquid, which is sweet in nature. The chemical dissolves completely in water, alcohol, acetone, and other organic solvents and is used as a solvent for textile dyes, resins, oils, paint pigments, and printing.
On the basis of application, the market is divided into:
- Antifreeze and Coolant
- Solvents
- Humectants
- Polyester Resins and Plasticisers
- Emulsifiers and Lubricants
- Others
By end use, the market is segmented into:
- Agrochemical
- Automotive
- Cosmetic and Personal Care
- Paints and Coatings
- Oil and Gas
- Textiles
- Plastics Industry
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Extensive Use of the Product in End Use Industries to Aid the Diethylene Glycol Market Growth
The global diethylene glycol market is being driven by the growing demand for plasticisers in the plastics industry. Due to its hygroscopicity and low volatility, the product may witness an increase in demand for its gas drying applications. In addition, diethylene glycol is a vital chemical intermediate for products such as polyester resins and polyurethanes, which are further enhancing the market growth. The chemical is used extensively in the personal care and cosmetics industry in multiple products such as lotions, skin creams, deodorants, and toothpastes, among others. Thus, the rising demand for the product across its end-use industries is expected to propel the growth of the market in the coming years.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Key Industry Players in the Global Diethylene Glycol Market
The report gives a detailed analysis of the following key players in the global diethylene glycol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- LyondellBasell Industries Holdings B.V.
- Dow Chemical Company
- Shell International B.V.
- Huntsman International LLC
- Nippon Shokubai Co., Ltd.
- Reliance Industries Limited
- SABIC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*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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Key Questions Answered in the Report
In 2024, the market reached an approximate volume of 3.00 MMT.
The market is projected to grow at a CAGR of 4.80% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a volume of around 4.79 MMT by 2034.
The major drivers of the industry, such as rising disposable incomes, increasing population, growing infrastructural developments, rising demand for polyester resins and plasticizers, and the growing automotive and cosmetics industries, are expected to aid the market growth.
The key trends guiding the growth of the market include the growing investments for new technologies, rising innovations, and increasing patent registrations.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are antifreeze and coolant, solvents, humectants, polyester resins and plasticisers, and emulsifiers and lubricants, among others.
The major end use sectors in the industry are agrochemical, automotive, cosmetic and personal care, paints and coatings, oil and gas, textiles, and plastics industry, among others.
The major players in the industry are LyondellBasell Industries Holdings B.V., Dow Chemical Company, Shell International B.V., Huntsman International LLC, Nippon Shokubai Co., Ltd., Reliance Industries Limited, and SABIC, among others.
Report Summary
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.
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| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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