Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Ethylene Glycol Market

Ethylene Glycol Market Share

Report ID: GMI11932
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Ethylene Glycol Market Share

Ethylene Glycol Market Company Share, (2023)

In the ethylene glycol industry, companies like BASF SE, Dow chemical, Eastman chemical, Formosa plastics, and Indian oil play significant roles in driving growth through their extensive production capabilities and diverse product portfolios. BASF SE and Dow chemical are industry leaders with advanced production technologies, contributing to increased supply and innovation in applications such as antifreeze, polyester fibers, and PET resins. Eastman Chemical focuses on developing sustainable solutions, enhancing market competitiveness. Formosa Plastics and Indian Oil contribute through their robust infrastructure and supply chains, particularly in Asia, further strengthening the global market’s accessibility and demand. These companies collectively fuel growth through innovation, scalability, and regional expansion.

Ethylene Glycol Market Companies

Major players operating in the ethylene glycol industry are:

BASF SE
Dow Chemical
Eastman Chemical
Formosa Plastics
Indian Oil
Ineos Group
LG Chem
LOTTE Chemical
LyondellBasell
Mitsubishi Chemical
Nan Ya Plastics
Nippon Shokubai
PETRONAS Chemicals
Reliance Industries
SABIC
Shell Chemical
Sinopec

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for ethylene glycol was valued at USD 37.6 billion in 2023 and is expected to reach USD 67.1 billion by 2032, driven by a CAGR of over 6.7% from 2024 to 2032.

Polyester fibers held a dominant market share of 45.4% in 2023, due to the surging demand for synthetic textiles across various industries.

The U.S. market was valued at USD 9.7 billion in 2023, driven by increasing demand from automotive, construction, and textile industries.

Major players in the industry include BASF SE, Dow Chemical, Eastman Chemical, Formosa Plastics, Indian Oil, Ineos Group, LG Chem, LOTTE Chemical, and LyondellBasell.