GVR Report cover Diethylene Glycol Market Size, Share & Trends Report

Diethylene Glycol Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR1477
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global diethylene glycol market is anticipated to witness growth over the forecast period, driven by rising demand for polyurethanes, plasticizers, and unsaturated polyester resins. Increasing demand for paint & coatings in automotive and rising construction industry in emerging economies of Brazil, India, and China are expected to augment diethylene glycol (DEG) market growth over the forecast period. However, stringent regulations restricting DEG use owing to toxic nature of compound is anticipated to restrict the market growth over the forecast period. Volatile prices of raw material including ethylene and propylene are further poised to hamper the DEG market growth over the next seven years. Global bulk chemicals market is anticipated to witness significant growth owing to increasing downstream uses including PET resins and textile industry over the next seven years. Paints & coatings application is likely to witness the fastest growth due to increasing ethylene glycol use in water-based coatings as a substitute to high VOC emitting solvent-based coatings.

Asia Pacific diethylene glycol market is anticipated to witness the fastest growth owing to increasing government investments in infrastructure development and rapid industrialization in India and China. Various uses of DEG include raw material in the production of polyester resins & plasticizers, dehydrating agent in natural gas, humectants, textile lubricant & coupling agent, selective solvent for aromatics in petroleum refining, constituent of hydraulic fluids, solvent in printing inks, solvent in textile dyeing and printing, plasticizer for paper, cork and synthetic sponges and raw material for the production of esters as emulsifiers, demulsifiers & lubricants. In addition, owing to superior properties as a softening agent it is widely used in pigments and brake fluids paste. The Dow Chemical Company has formed a joint venture with the Petrochemical Industries Company of Kuwait for the production of DEG, which is marketed by MEGlobal. As of 2008, INEOS acquired BP’s Ethylene Oxide business at Germany to increase its capacity by 460,000 tons per annum raising the former company’s overall capacity to 2.4 million tons. Increasing investments by major market players for the development of new technologies and patent registrations are anticipated to provide a competitive edge over other participants. Diethylene glycol is listed in the Inventory of Cosmetic Ingredients (EC) as a solvent and viscosity controller and perfume and aromatic raw materials. Above mentioned factors are expected to promote DEG market growth over the forecast period whereas reduced usage in pharmaceutical and food as a result of high degree of intoxication is expected to restrict demand.

Increasing patent registrations regarding the manufacturing of diethylene glycol, its derivatives, and their usage is expected to provide growth opportunities for DEG market participants over the forecast period. Key players in diethylene glycol market include SINOPEC, Shell, Reliance Industries Ltd, SABIC, The Kuwait Olefins Co, Formosa Plastics Corp, TOC Glycol Company Limited, Huntsman Corp, Dow Chemical Co, Alberta & Orient Glycol, and Indorama Ventures (Oxide & Glycols) LLC. 

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

BBB icon D&B icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.