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Global Ethylene Glycol Market to reach USD XX billion by the end of 2029.

Global Ethylene Glycol Market Size study & Forecast, by Product (Monoethylene Glycol (MEG), Di-Ethylene Glycol (DEG), Tri-Ethylene Glycol (TEG)), by Application (PET, Polyester Fibers, Antifreeze, Films, Other Applications) and Regional Analysis, 2022-2029

Product Code: CMCC-29818512
Publish Date: 17-10-2022
Page: 200

Global Ethylene Glycol Market is estimated to valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Ethylene glycol (CH₂OH)₂ is an organic compound that is a colorless, odorless, flammable, viscous liquid. It is majorly used as a raw material in the manufacture of polyester fibers and for antifreeze formulations. Factors such as the thriving growth of the automobile industry in emerging regions, rising application in textiles and PET, coupled with the increasing demand for polyester fibers and antifreeze formulations are bolstering the market demand across the globe.
The ethylene glycol is gaining huge prominence in automotive industry is owing to it has a lower freezing point compared to water and it helps in keeping the automobile radiator cool throughout the winter. According to the Indian Brand Equity Foundation, the Indian automotive industry is projected to reach USD 251.4- 282.8 billion by the year 2026. Therefore, the growth of the automotive industry is fueling the demand for Ethylene Glycol, which is surging the market growth. In addition, the increasing availability of improved ethylene glycol production technology and the growing popularity of bio-based ethylene glycol are creating lucrative opportunities for market growth over the forecasting years. However, fluctuations in the prices of raw materials and the imposition of stringent regulatory guidelines are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ethylene Glycol Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the growing need for increasing demand for MEG in polyester and PET from various end-use industries and the presence of leading market players. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as thriving growth of the packaging industry, as well as increasing demand from emerging textile and automotive industries, are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Reliance Industries Ltd.
Huntsman Corporation
BASF
Kuwait Petroleum Corporation
AkzoNobel- Amsterdam
Clariant
Formosa Plastics Group
Exxon Mobil Corp.
Ineos Oxide
Honam Petrochemical Corporation
Recent Developments in the Market:
 In 2020, DePoly was established by Christopher Ireland. This new facility is intended to provide plastic recycling technology. The objective of this initiative is to improve recycling through the usage of two components that are ethylene glycol and terephthalic acid.
Global Ethylene Glycol Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Monoethylene Glycol (MEG)
Di-Ethylene Glycol (DEG)
Tri-Ethylene Glycol (TEG) By Application:
PET
Polyester Fibers
Antifreeze
Films
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Ethylene Glycol Market, by Region, 2019-2029 (USD Billion)
1.2.2. Ethylene Glycol Market, by Product, 2019-2029 (USD Billion)
1.2.3. Ethylene Glycol Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ethylene Glycol Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ethylene Glycol Market Dynamics
3.1. Ethylene Glycol Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Thriving growth of the automobile industry in the emerging regions
3.1.1.2. Rising application in textiles and PET
3.1.2. Market Challenges
3.1.2.1. Fluctuations in the prices of raw materials
3.1.2.2. Imposition of stringent regulatory guidelines
3.1.3. Market Opportunities
3.1.3.1. Increasing availability of improved ethylene glycol production technology
3.1.3.2. Growing popularity of bio-based ethylene glycol
Chapter 4. Global Ethylene Glycol Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Ethylene Glycol Market, by Product
6.1. Market Snapshot
6.2. Global Ethylene Glycol Market by Product, Performance – Potential Analysis
6.3. Global Ethylene Glycol Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Ethylene Glycol Market, Sub Segment Analysis
6.4.1. Monoethylene Glycol (MEG)
6.4.2. Di-Ethylene Glycol (DEG)
6.4.3. Tri-Ethylene Glycol (TEG)
Chapter 7. Global Ethylene Glycol Market, by Application
7.1. Market Snapshot
7.2. Global Ethylene Glycol Market by Application, Performance – Potential Analysis
7.3. Global Ethylene Glycol Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Ethylene Glycol Market, Sub Segment Analysis
7.4.1. PET
7.4.2. Polyester Fibers
7.4.3. Antifreeze
7.4.4. Films
7.4.5. Other Applications
Chapter 8. Global Ethylene Glycol Market, Regional Analysis
8.1. Ethylene Glycol Market, Regional Market Snapshot
8.2. North America Ethylene Glycol Market
8.2.1. U.S. Ethylene Glycol Market
8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Ethylene Glycol Market
8.3. Europe Ethylene Glycol Market Snapshot
8.3.1. U.K. Ethylene Glycol Market
8.3.2. Germany Ethylene Glycol Market
8.3.3. France Ethylene Glycol Market
8.3.4. Spain Ethylene Glycol Market
8.3.5. Italy Ethylene Glycol Market
8.3.6. Rest of Europe Ethylene Glycol Market
8.4. Asia-Pacific Ethylene Glycol Market Snapshot
8.4.1. China Ethylene Glycol Market
8.4.2. India Ethylene Glycol Market
8.4.3. Japan Ethylene Glycol Market
8.4.4. Australia Ethylene Glycol Market
8.4.5. South Korea Ethylene Glycol Market
8.4.6. Rest of Asia Pacific Ethylene Glycol Market
8.5. Latin America Ethylene Glycol Market Snapshot
8.5.1. Brazil Ethylene Glycol Market
8.5.2. Mexico Ethylene Glycol Market
8.6. Rest of The World Ethylene Glycol Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Reliance Industries Ltd.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Huntsman Corporation
9.2.3. BASF
9.2.4. Kuwait Petroleum Corporation
9.2.5. AkzoNobel- Amsterdam
9.2.6. Clariant
9.2.7. Formosa Plastics Group
9.2.8. Exxon Mobil Corp.
9.2.9. Ineos Oxide
9.2.10. Honam Petrochemical Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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