市場調查報告書
商品編碼
1451315
乙二醇市場報告(按產品(單乙二醇、二乙二醇、三乙二醇)、製造流程、應用、最終用途產業和地區 2024-2032 年)Ethylene Glycol Market Report by Product (Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol ), Manufacturing Process, Application, End-Use Industry, and Region 2024-2032 |
2023年全球乙二醇市場規模達到464億美元。展望未來, IMARC Group預計到2032年市場規模將達到663億美元,2024-2032年複合年成長率(CAGR)為3.9%。由於聚酯和PET 生產中產品利用率的不斷提高、汽車工業的快速擴張、各種工業應用中產品的廣泛使用、重大技術進步以及對非離子表面活性劑的需求不斷成長,推動了市場快速成長。
市場成長與規模:在各產業產品採用率不斷提高以及新興經濟體產品需求不斷成長的推動下,市場正在穩定成長,導致全球產能擴張。
主要市場促進因素:影響市場成長的主要促進因素包括聚酯纖維需求的增加、汽車工業的擴張、重大技術進步以及非離子界面活性劑產品利用率的提高。
技術進步:生產流程的最新創新,帶來了更有效率、更具成本效益的方法。此外,生物基乙二醇的發展正在支持市場成長。
產業應用:市場對聚酯生產、汽車冷卻劑、石油和天然氣、醫療應用以及塑膠產業原料的產品需求很高。
主要市場趨勢:主要市場趨勢涉及向永續和環保產品的持續轉變,影響對生物基乙二醇的需求。此外,紡織和汽車行業的快速工業化和擴張正在推動市場成長。
地理趨勢:亞太地區因其蓬勃發展的紡織和工業部門而引領市場。在技術進步和嚴格的環境法規的推動下,其他地區也出現了顯著成長。
競爭格局:市場的特點是主要參與者專注於產能擴張、研發 (R&D) 和永續發展措施。此外,他們還進行策略合作、併購和收購,以增強市場佔有率並實現投資組合多元化。
挑戰與機會:市場面臨各種挑戰,例如原料價格波動以及與傳統生產方法相關的環境問題。然而,生物基替代品的開發和新興市場的擴張正在為市場成長創造新的機會。
聚酯和 PET 樹脂生產中的產品利用率不斷提高
聚酯生產中對乙二醇的需求不斷成長是推動市場成長的主要因素。聚酯纖維是由乙二醇和對苯二甲酸衍生的合成纖維。由於其耐用性、抗皺性和經濟性,它被廣泛應用於紡織工業。此外,聚對苯二甲酸乙二醇酯(PET)樹脂的合成以及食品和飲料(F&B)行業中用作包裝材料的薄膜的廣泛使用正在推動市場成長。此外,在城市化進程加快和消費者生活方式改變的推動下,包裝商品消費不斷成長,導致對 PET 的需求激增,正在加強市場成長。
汽車工業快速擴張
乙二醇在汽車工業中廣泛用作防凍劑和冷卻劑,這有助於市場成長。汽車產業嚴重依賴乙二醇來製造散熱器冷卻劑,因為乙二醇具有高沸點和低凝固點等特性,可確保引擎在不同溫度下達到最佳性能。此外,不斷成長的汽車產業,特別是在新興經濟體,直接增加了對乙二醇的需求,並支撐了市場成長。此外,電動車(EV)產量的不斷成長(乙二醇用於電池和其他電子元件的冷卻系統)對市場成長產生了積極影響。此外,由於擴大轉向永續和生態友善交通,電動車的廣泛採用正在推動市場成長。
產品廣泛應用於各種工業應用
乙二醇在各行業都有多種應用,為市場成長做出了重大貢獻。它用作生產防凍劑配方和液壓油的原料,以及冷卻系統中的熱傳導介質。此外,它作為溶劑在油漆和塑膠行業的應用正在推動市場成長。此外,由於乙二醇的低揮發性和吸濕性等化學特性,乙二醇在皮革行業的鞣製工藝和電子行業的電容器製造中得到廣泛利用,正在推動市場成長。除此之外,這些領域不斷的創新和技術進步,為乙二醇創造了新的應用,正在推動市場的成長。
快速的技術進步
乙二醇應用和生產的技術進步在市場成長中發揮關鍵作用。與此一致的是,生產流程的創新,帶來更有效率、更具成本效益和環境友善的乙二醇合成方法,正在推動市場成長。此外,催化和製程最佳化的最新發展可以提高產量並減少能源消耗,使生產更加永續和經濟可行,對市場成長產生正面影響。此外,最近的技術進步使得利用生質能等可再生資源來生產生物基乙二醇成為可能,這有利於市場的成長。除此之外,日益成長的環境問題和旨在減少碳足跡的嚴格監管政策正在推動市場成長。
對非離子界面活性劑的需求不斷成長
乙二醇是製造非離子界面活性劑的成分,非離子界面活性劑在洗滌劑、乳化劑和潤濕劑等各種產品中至關重要。非離子界面活性劑由於其穩定性和非反應性,在許多工業和消費品中受到青睞。它們廣泛應用於家用清潔劑、個人護理配方以及工業應用,例如食品工業、農業化學品和紡織加工中的乳化劑。此外,消費者消費能力的提高、城市化以及衛生和清潔意識的提高正在加強市場的成長。除此之外,表面活性劑化學的技術進步導致新配方和改進配方的開發,對市場成長產生了積極影響。
The global ethylene glycol market size reached US$ 46.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 66.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. The market is growing rapidly driven by the increasing product utilization in polyester and PET production, rapid expansion of the automotive industry, widespread product utilization in various industrial applications, significant technological advancements, and rising demand for non-ionic surfactants.
Market Growth and Size: The market is witnessing stable growth, driven by the increasing product adoption in various industries and rising product demand in emerging economies, leading to an expansion in production capacities across the globe.
Major Market Drivers: Key drivers influencing the market growth include the increasing demand for polyester fibers, expanding automotive industry, significant technological advancements, and rising product utilization in non-ionic surfactants.
Technological Advancements: Recent innovations in production processes, leading to more efficient and cost-effective methods. Additionally, the development of bio-based ethylene glycol is supporting the market growth.
Industry Applications: The market is experiencing high product demand in polyester productions, automotive coolants, oil and gas, medical applications, and as a raw material in the plastic industry.
Key Market Trends: The key market trends involve an ongoing shift towards sustainable and eco-friendly products, influencing the demand for bio-based ethylene glycol. Additionally, rapid industrialization and expansion in the textile and automotive sectors are bolstering the market growth.
Geographical Trends: Asia Pacific leads the market due to its booming textile and industrial sectors. Other regions are also showing significant growth, fueled by technological advancements and stringent environmental regulations.
Competitive Landscape: The market is characterized by the involvement of key players that are focusing on capacity expansion, research and development (R&D), and sustainability initiatives. Additionally, they are engaging in strategic partnerships, mergers, and acquisitions to enhance market presence and diversify portfolios.
Challenges and Opportunities: The market faces various challenges, such as volatility in raw material prices and environmental concerns related to traditional production methods. However, the development of bio-based alternatives and the expansion into emerging markets are creating new opportunities for the market growth.
The increasing product utilization in polyester and PET resin production
The growing demand for ethylene glycol in polyester production is a primary factor driving the market growth. Polyester is a synthetic fiber derived from ethylene glycol and terephthalic acid. It is extensively used in the textile industry due to its durability, wrinkle resistance, and affordability. Furthermore, the widespread product utilization in the synthesis of polyethylene terephthalate (PET) resins, and films that are employed in the food and beverage (F&B) industry as a packaging material is bolstering the market growth. Additionally, the rising consumption of packaged goods, driven by increasing urbanization and changing consumer lifestyles, leading to a surge in the demand for PET, is strengthening the market growth.
Rapid expansion of the automotive industry
Ethylene glycol is widely utilized in the automotive industry as an antifreeze and coolant, which is contributing to the market growth. The automotive industry relies heavily on ethylene glycol for manufacturing radiator coolants due to its properties, such as high boiling point and low freezing point, which ensure optimal engine performance in varying temperatures. Furthermore, the growing automotive sector, particularly in emerging economies, which directly increases the demand for ethylene glycol, is supporting the market growth. Additionally, the rising electric vehicle (EV) production, where ethylene glycol is used in cooling systems for batteries and other electronic components, is positively influencing the market growth. Moreover, the widespread adoption of EVs, owing to the increasing shifts towards sustainable and eco-friendly transportation, is driving the market growth.
Widespread product utilization in various industrial applications
Ethylene glycol finds diverse applications in various industries, contributing significantly to the market growth. It is used as a raw material in the production of antifreeze formulations and hydraulic fluids and as a medium for heat transfer in cooling systems. Furthermore, its application as a solvent in the paint and plastic industries is boosting the market growth. Additionally, the widespread utilization of ethylene glycol in the leather industry for tanning processes and in the electronics industry for manufacturing capacitors, owing to its chemical properties, such as low volatility and hygroscopic nature, is bolstering the market growth. Besides this, the ongoing innovation and technological advancements in these sectors, creating new applications for ethylene glycol, are fueling the market growth.
Rapid technological advancements
Technological advancements in the application and production of ethylene glycol are playing a pivotal role in the market growth. In line with this, innovations in production processes, leading to more efficient, cost-effective, and environmentally friendly methods of ethylene glycol synthesis, are boosting the market growth. Furthermore, recent developments in catalysis and process optimization that can increase yield and reduce energy consumption, making production more sustainable and economically viable, are positively influencing the market growth. Moreover, recent technological advancements that are enabling the production of bio-based ethylene glycol using renewable sources, such as biomass, are favoring the market growth. Apart from this, the growing environmental concerns and stringent regulatory policies aimed at reducing carbon footprints are driving the market growth.
Rising demand for non-ionic surfactants
Ethylene glycol is a component in the manufacturing of non-ionic surfactants, which are essential in various products like detergents, emulsifiers, and wetting agents. Non-ionic surfactants, owing to their stability and non-reactive nature, are preferred in many industrial and consumer products. They are widely employed in household cleaning agents, personal care formulations, and in industrial applications, such as emulsifiers in the food industry, agrochemicals, and textile processing. Furthermore, the rising consumer spending power, urbanization, and increasing awareness about hygiene and cleanliness are strengthening the market growth. Besides this, technological advancements in surfactant chemistry, leading to the development of new and improved formulations, are positively influencing the market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, manufacturing process, application, and end-use industry.
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Monoethylene glycol (MEG) accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the product. This includes monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG). According to the report, monoethylene glycol (MEG) represented the largest segment.
Ethylene Oxide
Coal
Biological Route
Others
A detailed breakup and analysis of the market based on the manufacturing process have also been provided in the report. This includes ethylene oxide, coal, biological route, and others.
The ethylene oxide process involves the reaction of ethylene oxide with water under high pressure and temperature, resulting in the production of ethylene glycol. The primary advantage of this method is its high efficiency and ability to produce ethylene glycol with a high purity level, which is crucial for applications in sensitive industries like food and pharmaceuticals.
Polyester Fiber
PET
Antifreeze and coolant
Film
Others
PET represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes polyester fiber, PET, antifreeze and coolant, film, and others. According to the report, PET represented the largest segment.
Oil and Gas Industry
Plastic Industry
Transportation Industry
Medical Industry
Textile Industry
Others
A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes oil and gas industry, plastic industry, transportation industry, medical industry, textile industry, and others.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest ethylene glycol market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Akzo Nobel N.V.
Ashland Global Specialty Chemicals Inc.
BASF SE
China Petrochemical Corporation (Sinopec Group)
Dow Inc.
Formosa Plastics Corporation
Huntsman Corporation
Ineos Oxide Limited (INEOS Holdings Limited)
Lotte Chemical Corporation
Lyondellbasell Industries Inc.
Reliance Industries Limited
SABIC
Shell plc