South Korea Ethylene Glycol Cas 107211 Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
South Korea's Ethylene Glycol CAS 107-21-1 Market: Industry Requirements and Insights
The Ethylene Glycol CAS 107-21-1 market in South Korea has witnessed substantial growth in recent years, driven by increased demand across a variety of industries. This chemical compound, primarily used in the production of antifreeze, polyester fibers, and resins, plays a pivotal role in numerous manufacturing processes, contributing to its rising demand. Industries such as automotive, textiles, and chemicals are among the largest consumers of ethylene glycol in South Korea. As these sectors continue to expand, the Ethylene Glycol CAS 107-21-1 market is expected to experience a steady growth trajectory.
Ethylene Glycol CAS 107-21-1 is a key component in automotive coolant systems, preventing engine overheating in vehicles, which in turn supports the automotive industry's continual demand for this chemical. In addition, the textile sector relies heavily on ethylene glycol for producing polyester fibers, which are integral to manufacturing synthetic fabrics, especially in the fast-fashion industry. This drives demand in South Korea, where textile production and exports are substantial contributors to the economy.
Other industries, including plastics, paints, and coatings, also require ethylene glycol for various applications, including the production of resins and as a solvent in certain chemical formulations. The need for these materials remains robust, ensuring consistent market demand. South Korean manufacturers have been increasingly investing in advanced production technologies to meet the evolving requirements of these industries.
With growing demand from domestic industries, South Korea’s Ethylene Glycol CAS 107-21-1 market is witnessing an increase in imports as well as domestic production capabilities. The country’s position as a hub for chemical production in Asia ensures that it remains a significant player in the global market, with industry players focusing on quality control and sustainability to maintain competitive advantage.
The rising focus on sustainable and environmentally friendly production methods also impacts the demand for ethylene glycol, as manufacturers explore greener alternatives. While the global supply of ethylene glycol continues to grow, South Korea's market is uniquely poised to cater to the needs of various industrial sectors, ensuring it remains a crucial chemical in the region's industrial landscape.
Get an In-Depth Research Analysis of the South Korea Ethylene Glycol Cas 107211 Market Size And Forecast [2025-2032]
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BASF
DowDuPont
Shell
Sinopec Group
Kost
Huntsman
LyondellBasell
IPCS
NAN YA PLASTICS
Oriental Union Chemical
Huntsman
Reliance Industries
Eastman
INEOS
SABIC
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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 Ethylene Glycol Cas 107211 Market
Automotive Antifreeze & Coolants
Polyester Fiber Production
Film & Sheet Production
Hydraulic Fluids
De-icing Solutions
Other Industrial Applications
Automotive Industry
Textile Industry
Construction Industry
Food and Beverage Industry
Chemical Manufacturing
Pharmaceuticals
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Ethylene Glycol-Heavy (EG-H)
Thermal Cracking
Steam Cracking
Catalytic Hydration
Hydrolysis
Direct Sales
Distributors and Resellers
E-commerce Platforms
Retail Outlets
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Ethylene Glycol Cas 107211 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 Ethylene Glycol Cas 107211 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Ethylene Glycol Cas 107211 Market, By Type
6. South Korea Ethylene Glycol Cas 107211 Market, By Application
7. South Korea Ethylene Glycol Cas 107211 Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Ethylene Glycol Cas 107211 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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