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 South Korea High Purity Ethylene Glycol Market is seeing robust growth, driven by a surge in demand across various industries. Ethylene Glycol (EG) is a versatile chemical used primarily in the production of antifreeze, coolants, and polyester fibers. The high purity variant, known for its superior quality and performance, is gaining significant traction in sectors like automotive, textiles, and packaging. This surge in demand highlights a broader trend in South Korea’s chemical industry, where higher standards of production are becoming increasingly important.
Industries in South Korea are demanding high purity ethylene glycol due to its critical role in enhancing product performance. The automotive industry, for example, requires high purity EG to produce efficient engine coolants that can withstand extreme temperatures and provide long-lasting performance. Similarly, the textile sector is heavily reliant on high purity EG for the production of polyester fibers, which are used in manufacturing clothing and home textiles. The demand for high-quality fibers is expected to rise with the increasing global focus on sustainable fashion and high-performance textiles.
In addition to these sectors, the packaging industry is also showing strong interest in high purity EG. As consumer goods packaging becomes more sophisticated, the chemical properties of ethylene glycol allow for the creation of durable, lightweight, and highly protective packaging materials. This is a direct response to the growing need for packaging that can preserve product integrity while being environmentally friendly.
The South Korea High Purity Ethylene Glycol Market is expected to witness a steady rise, owing to increasing industrial requirements for higher purity chemicals. Manufacturers are investing in advanced technologies to improve production processes, ensuring the availability of high-quality EG that meets the specific needs of various sectors. Moreover, with global sustainability goals becoming a priority, the demand for high purity ethylene glycol is projected to continue its upward trajectory, driven by eco-conscious consumer behavior and regulatory pressure.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea 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. South Korea High Purity Ethylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea High Purity Ethylene Glycol Market, By Type
6. South Korea High Purity Ethylene Glycol Market, By Application
7. South Korea High Purity Ethylene Glycol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea High Purity Ethylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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