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Ethylene Glycol Market Share
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
How big is the global ethylene glycol market?
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.
What is the market share of polyester fibers in the ethylene glycol industry?
Polyester fibers held a dominant market share of 45.4% in 2023, due to the surging demand for synthetic textiles across various industries.
How much is the U.S. ethylene glycol market worth?
The U.S. market was valued at USD 9.7 billion in 2023, driven by increasing demand from automotive, construction, and textile industries.
Who are the major players in the ethylene glycol industry?
Major players in the industry include BASF SE, Dow Chemical, Eastman Chemical, Formosa Plastics, Indian Oil, Ineos Group, LG Chem, LOTTE Chemical, and LyondellBasell.