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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Diethylene Glycol Market Outlook
The global diethylene glycol market to reach a volume of 3.00 million metric tons in 2023. The market is expected to further grow at a CAGR of 4.8% in the forecast period of 2024-2032 to attain a volume of 4.56 million metric tons by 2032.
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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, the Asia Pacific, Latin America, and the 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.
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 2023, the global diethylene glycol market attained a volume of 3.00 million metric tons.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 4.56 million metric tons by 2032.
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.
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