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World - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jan 1, 2025

World - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights

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Mar 26, 2021

The Pandemic and the Green Line Regulation to Accelerate Growth of the Ethylene Glycol Market

IndexBox has just published a new report: 'World - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends, and Insights'. Here is a summary of the report's key findings.

Increasing demand for PET packaging and urgent need for eco-friendly refrigerants to become the main drivers of the ethylene glycol market growth.

Key Trends and Insights

The sharply increased global demand for PET packaging, containers, and nonwovens for personal protective goods is set to stimulate the ethylene glycol market. Monoethylene glycol is a major type of ethylene glycol produced worldwide, constituting a raw material for the production of polyethylene terephthalate (PET) used in synthetic fibers, packaging, plastic tableware, etc.

Amid tightening environmental regulation and the EU's policy to replace HFC fluids with climate-friendly alternatives, ethylene glycol fluids meet environmental requirements and provide energy savings, which may promote the use of ethylene glycol in cooling systems.

China remains the largest consumer of ethylene glycol, with domestic manufacturing expanding rapidly over the last decade. China's booming and government-subsidized electric vehicle industry could expand the demand for polyethylene glycols as automotive antifreeze and PET feedstock for automotive parts.

In early 2021, as a result of a winter storm in the United States, near 85% of ethylene glycol production capacity was stopped. The decline in output led to an increase in import prices for ethylene glycols in Asia.

Saudi Arabia to Remain the Key Producer and Exporter of Ethylene Glycol

Saudi Arabia (7.1M tons) remains the largest ethylene glycol producing country worldwide, comprising approx. 26% of the total volume. Moreover, ethylene glycol production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the U.S. (2.6M tons), threefold. The third position in this ranking was occupied by Canada (1.9M tons), with a 6.9% share (IndexBox estimates).

From 2012 to 2019, the average annual growth rate in Saudi Arabia stood at +7.3%. The average annual rates were as follows in other countries: the U.S. (+6.4% per year) and Canada (+2.1% per year).

In 2019, shipments abroad of ethylene glycol (ethanediol) increased by 5.8% to 16M tons, rising for the fifth consecutive year after two years of decline. In general, total exports indicated tangible growth from 2012 to 2019: its volume increased at an average annual rate of +3.9% over the last seven years.

In value terms, ethylene glycol exports shrank significantly to $10B (IndexBox estimates) in 2019. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017, with an increase of 33% against the previous year. Over the period under review, global exports attained the peak figure at $13.9B in 2018 and then contracted sharply in the following year.

Saudi Arabia represented the key exporter of ethylene glycol (ethanediol) globally, with the volume of exports finishing at 6.7M tons, which was near 41% of total exports in 2019. Canada (1.5M tons) ranks second in terms of total exports with a 9.5% share, followed by Taiwan (Chinese) (8.9%), Kuwait (8.3%), the U.S. (6.3%), and Singapore (5.8%). Belgium (681K tons) occupied a relatively small share of total exports.

From 2012 to 2019, the average annual growth rates concerning ethylene glycol exports from Saudi Arabia stood at +7.5%. At the same time, the U.S. (+9.2%), Kuwait (+5.1%), Taiwan (Chinese) (+2.3%), and Canada (+2.0%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest-growing exporter globally, with a CAGR of +9.2% from 2012-2019. By contrast, Singapore (-2.3%) and Belgium (-4.4%) illustrated a downward trend over the same period. Saudi Arabia (+8.8 p.p.) and the U.S. (+1.8 p.p.) significantly strengthened their global export positions, while Singapore and Belgium saw their share reduced by -3.2% and -3.3% from 2012 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($4.2B) remains the largest ethylene glycol supplier worldwide, comprising 42% of global exports. The second position in the ranking was occupied by Canada ($908M), with a 9.1% share of global exports. It was followed by Taiwan (Chinese), with an 8.3% share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global ethylene glycol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

DIC Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Georgia Pacific Chemicals LLC, Prefere Resins, Kolon Industries Inc., SI Group, Sumitomo Bakelite Co. Ltd, BASF, Hitachi Chemical Co. Ltd., Plastics Engineering Company, RPM International Inc., KCC Corporation, Altex Coatings Inc., Nippon Paint Marine Coatings Co., Von Roll USA Inc., Lewcott Corp., Norplex-Micarta, HA International, Opta Minerals, Perstorp Polyols, Capital Resin Corporation

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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