High Purity Ethylene Glycol Market size was valued at USD 4.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 7.2 Billion by 2033.
The global high purity ethylene glycol market was valued at approximately USD 21.77 billion in 2023 and is projected to reach USD 31.18 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period. Asia Pacific dominated the market, accounting for 71.75% of the global share in 2023. This dominance is attributed to rapid industrialization and urbanization, particularly in countries such as China, Japan, South Korea, and India, where the demand for ethylene glycol is driven by its applications in automotive, textile, and packaging industries. citeturn0search6 In North America, the market is experiencing significant growth due to the increasing demand for PET resins in packaging industries, especially in the U.S. and Canada. In the second quarter of 2022, the U.S. imported 287,000 tonnes of bottle grade PET, marking a 12% increase from the previous quarter and a 32% rise compared to the same period last year. Europe also holds a considerable market share, driven by the expanding textile industries in countries like Germany, the UK, and France. In 2021, European plastic production reached 57.2 million tons, with recycled post consumer plastics and bio based plastics accounting for 10.1% and 2.3% of production, respectively. These regional trends highlight the growing global demand for high purity ethylene glycol across various industrial applications.
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SABIC
Dow
Shell
KAO
Clariant
PCC SE
Norchem
Oxiteno
Lotte Chemical
Sanyo Chemical
lndia Glycols
Sasol
SINOPEC
Liaoning Huaxing
Liaoning Oxiranchem
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High Purity Ethylene Glycol Market
Polyester Fiber Production
Antifreeze and Coolants
Personal Care Products
Food Grade Applications
Pharmaceuticals
Industrial Grade
Food Grade
Pharma Grade
Reagent Grade
Textile Industry
Aerospace and Automotive
Pharmaceutical Industry
Food & Beverage
Construction and Paints
Natural Gas
Petrochemical Feedstock
Biosources
Recycled Resources
Liquid Form
Solid Form
Powdered Form
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High Purity Ethylene Glycol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High Purity Ethylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High Purity Ethylene Glycol Market, By Type
6. Global High Purity Ethylene Glycol Market, By Application
7. Global High Purity Ethylene Glycol Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global High Purity Ethylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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