Glycols Market Key Highlights:
- Market Size (2024): USD 220.43 Million
- Projected Market Size (2034): USD 754.92 Million
- CAGR (2023-2034): 13.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Glycols Market Definition
The glycols market is an important segment in the chemical industry. This industry deals in the production and distribution of glycols for numerous industries across the world. Various products are manufactured in this industry including ethylene glycol and propylene glycol. Glycols are used in several industries, such as airlines, textiles, packaging, etc. This market is projected to rise significantly with the growth of the materials and chemical industry across the world.
The application of glycols has increased rapidly in the automotive sector. In the automotive industry, glycols manufacture hydraulic brake fluids, anti-freezing ingredients, and de-icing solutions. Also, the demand for glycols has grown in the pharmaceutical industry. In the pharmaceutical sector, these chemicals are used to produce laxatives, nasal sprays, intravenous medications, and others. Moreover, the increased demand for glycols from the cosmetics and food industry and a growing emphasis on bio-based glycols has gained prominent consumer attraction. Thus, the growing application of these chemicals in the sectors mentioned earlier is expected to boost the growth of the glycols market.
The growing applications of glycols in the EV industry and the development of chemical technologies associated with organic compounds are expected to create ample growth opportunities for the market players in the upcoming days. In June 2024, Technip Energies announced a partnership with Shell Catalysts & Technologies. This partnership is willunch Bio-2-Glycols technology for manufacturing bio-based mono ethylene glycol (MEG) from glucose.
Glycols Market Segmentation:
By Type
- Pharmaceutical Grade Glycols
- Food Grade Glycols
- Industrial Grade Glycols
By Application
- Automotive
- Textiles
- Medical
- Pipeline Maintenance Polyester Fibers & Resin
- Food & Beverage Processing
Glycols Market Companies:
- SABIC
- Dow Chemical Company
- Sinopec
- Corp
- Royal Dutch Shell plc.
- Reliance Industries Ltd.
- Huntsman International LLC
- BASF
- Kuwait Petroleum Corporation
- AkzoNobel N.V.
- Clariant AG
- Formosa Plastics Corporation
- INEOS
- Ultrapar Participacoes S.A.(Ultrapar)
- LOTTE CHEMICAL CORPORATION
- Archer Daniels Midland Company
- Dupont Tate & Lyle Bio Products LLC
- Temix International S.R.L.
- Ashland
- Inc.
- Cargill Inc.
- LyondellBasell Industries
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