The world market size for ethylene glycol is expected to reach a valuation of USD 16,187.2 Million in 2022. during the forecast period of 2022 to 2032. The ethylene glycol market is forecast to thrive at a CAGR of 5.3% which is forecast to be worth 27,130.3 million USD.

What is Driving Demand for Ethylene Glycol 

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology increased the popularity of bio-based ethylene glycol, and rising demand from the textile industry is projected to fuel market expansion throughout the forecast period. 

Rapid growth in the textile and PET resin products industries is expected to boost consumption during the forecast period.? 

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of? Polyethylene Terephthalate (PET)? in a variety of consumer goods products, including food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period. 

Drivers and Challenges Have an Impact on Market Dynamics, which can Impact Businesses. Find more Insights in a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-13820

Who are the Key Manufacturers and Suppliers 

Some of the leading manufacturers and suppliers include:

• Exxon Mobil Corp.
• Dow Chemical
• SABIC
• Sinopec
• Shell Chemical
• Reliance Industries Ltd.
• Huntsman Chemical Corporation
• LOTTE Chemical Corp.
• Kuwait Petroleum Corporation
• LyondellBasell Industries
• Formosa Plastics Corporation

Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D. 

Key Segments Covered in the Ethylene Glycol Market Survey

By Derivative Type:

• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)

By Application:

• Polyester Fibres
• PET
• Antifreeze and Coolants
• Films
• Others

By End Use Industry:

• Textiles
• Automotive
• Packaging
• Others