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Global Diethylene Glycol Market Expected to Reach 4.56 million metric tons by 2032., Driven by the Extensive Applications of the Product

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Global Diethylene Glycol Market Size, Trends, Analysis: By Application: Antifreeze and Coolant, Solvents, Humectants, Polyester Resins and Plasticisers, Emulsifiers and Lubricants, Others; By End Use: Agrochemical, Automotive, Cosmetic and Personal Care, Paints and Coatings, Oil and Gas, Others; Regional Analysis; Competitive Landscape; 2024-2032

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.

Global Diethylene Glycol Market

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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.

Diethylene Glycol Market by End Use

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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.

Diethylene Glycol Market by Region

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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: Application End Use Region
Breakup by Application	Antifreeze and Coolant Solvents Humectants Polyester Resins and Plasticisers Emulsifiers and Lubricants Others
Breakup by End Use	Agrochemical Automotive Cosmetic and Personal Care Paints and Coatings Oil and Gas Textiles Plastics Industry Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	LyondellBasell Industries Holdings B.V. Dow Chemical Company Shell International B.V., Huntsman International LLC Nippon Shokubai Co., Ltd. Reliance Industries Limited SABIC Others
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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7 Opportunities and Challenges in the Market
8   Global Diethylene Glycol Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Diethylene Glycol Historical Market (2018-2023)
   8.3   Global Diethylene Glycol Market Forecast (2024-2032)
   8.4   Global Diethylene Glycol Market by Application
       8.4.1   Antifreeze and Coolant
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Solvents
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Humectants
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Polyester Resins and Plasticisers
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Emulsifiers and Lubricants
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
       8.4.6   Others
   8.5   Global Diethylene Glycol Market by End Use
       8.5.1   Agrochemical
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Automotive
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Cosmetic and Personal Care
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Paints and Coatings
           8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
       8.5.5   Oil and Gas
           8.5.5.1 Historical Trend (2018-2023)
           8.5.5.2 Forecast Trend (2024-2032)
       8.5.6   Textiles
           8.5.6.1 Historical Trend (2018-2023)
           8.5.6.2 Forecast Trend (2024-2032)
       8.5.7   Plastics Industry
           8.5.7.1 Historical Trend (2018-2023)
           8.5.7.2 Forecast Trend (2024-2032)
       8.5.8   Others
   8.6   Global Diethylene Glycol Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Diethylene Glycol Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Diethylene Glycol Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Diethylene Glycol Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Diethylene Glycol Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Diethylene Glycol Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 LyondellBasell Industries Holdings B.V.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Dow Chemical Company
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Shell International B.V.,
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Huntsman International LLC
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Nippon Shokubai Co., Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Reliance Industries Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 SABIC
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market

Additional Customisations Available

1.   Project Requirements and Cost Analysis
   1.1   Land, Location, and Site Development
   1.2   Construction
   1.3   Plant Machinery
   1.4   Raw Material
   1.5   Packaging
   1.6   Transportation
   1.7   Utilities
   1.8   Manpower
   1.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Diethylene Glycol Market: Key Industry Highlights, 2018 and 2032
2.   Global Diethylene Glycol Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3.   Global Diethylene Glycol Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4.   Global Diethylene Glycol Historical Market: Breakup by End Use (Million Metric Tons), 2018-2023
5. Global Diethylene Glycol Market Forecast: Breakup by End Use (Million Metric Tons), 2024-2032 Global Diethylene Glycol Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
6.   Global Diethylene Glycol Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
7.   North America Diethylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
8.   North America Diethylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
9.   Europe Diethylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
10.   Europe Diethylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
11.   Asia Pacific Diethylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
12.   Asia Pacific Diethylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
13.   Latin America Diethylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
14.   Latin America Diethylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
15.   Middle East and Africa Diethylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
16.   Middle East and Africa Diethylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
17.   North America Historical Price Trends and Forecast 2018-2032
18.   Europe Historical Price Trends and Forecast 2018-2032
19.   Asia Pacific Historical Price Trends and Forecast 2018-2032
20.   Latin America Historical Price Trends and Forecast 2018-2032
21.   Middle East and Africa Historical Price Trends and Forecast 2018-2032
22.   Global Diethylene Glycol Market Structure

Key Questions Answered in the Report

What was the global diethylene glycol market size in 2023?

In 2023, the global diethylene glycol market attained a volume of 3.00 million metric tons.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

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.

What are the major industry drivers?

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.

What are the key industry trends of the global diethylene glycol market?

The key trends guiding the growth of the market include the growing investments for new technologies, rising innovations, and increasing patent registrations.

What are the major regional markets of diethylene glycol, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading application segments in the market?

The leading application segments in the market are antifreeze and coolant, solvents, humectants, polyester resins and plasticisers, and emulsifiers and lubricants, among others.

What are the major end use sectors in the industry?

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.

Who are the key industry players, according to the report?

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.

Analyst Review

The global diethylene glycol market attained a volume of 3.00 million metric tons in 2023, driven by rising infrastructural investments. Aided by the rising R&D activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.8%. The market is projected to reach 4.56 million metric tons by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into antifreeze and coolant, solvents, humectants, polyester resins and plasticisers, and emulsifiers and lubricants, among others. On the basis of end-use, the industry is divided into agrochemical, automotive, cosmetic and personal care, paints and coatings, oil and gas, textiles, and plastics industry, among others. The major regional markets for diethylene glycol are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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