Global Glycol Market is estimated to be valued at USD 50.20 Bn in 2025 and is expected to reach USD 81.72 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 50.20 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
7.20%
2032 Value Projection:
USD 81.72 Bn
Figure. Glycol Market Share (%), By Region 2025
Glycol is an organic compound that finds a variety of applications across industries like cosmetics, food, pharmaceuticals, and automotive antifreeze. It acts as an intermediate in the production of various other chemicals and polymers. There are different types of glycols like ethylene glycol, propylene glycol, butylene glycol, etc. depending on the raw materials used. Among these, ethylene glycol occupies a major share globally due to its versatile properties and wide applicability in various end-use industries. It has solvent and humectant properties that has led to its utilization in fields such as polyester fibers and resins, automotive antifreeze formulations, and aircraft de-icing. Glycol also finds usage as a heat transfer fluid in many industrial processes requiring heating or cooling.
Market Dynamics:
Polyester fibers and resins are the primary applications of glycol, especially ethylene glycol which has a global demand of over 15 million tons annually. On the other hand, factors like fluctuation in feedstock petroleum prices impacts the production costs. Stringent regulations regarding emissions from glycol based automotive antifreeze products act as a restraint. However, technological innovations to produce bio-based or recycled glycols present new opportunities. The construction industry utilizing composite materials made from resins and the growing fleet of aircrafts are bolstering demands.
Key Features of the Study:
This report provides in-depth analysis of the global glycol market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global glycol market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF SE, China Sanjiang Fine Chemical Co. Ltd, Dow, Huntsman International LLC, India Glycols Limited, Indian Oil Corporation Ltd (IOCL), Indorama Ventures, Public Company Limited, INEOS, LOTTE Chemical Corporation, LyondellBasell Industries Holdings BV, MEGlobal International FZE, Mitsubishi Chemical Corporation, Nouryon, Petro Rabigh, PETRONAS Chemicals Group (PCG), Reliance Industries Ltd, SABIC, Shell PLC, Sinopec Zhenhai Refining & Chemical
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global glycol market
Detailed Segmentation-
By Type:
Ethylene Glycol
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylne Glycol (TEG)
Polyethylene Glycol (PEG)
Propylene Glycol
Other Types
By End-User Industry:
Automotive and Transportation
Packaging
Food and Beverage
Cosmetics
Pharmaceuticals
Textile
Other End-user Industries
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
BASF SE
China Sanjiang Fine Chemical Co. Ltd
Dow
Huntsman International LLC
India Glycols Limited
Indian Oil Corporation Ltd (IOCL)
Indorama Ventures
Public Company Limited
INEOS
LOTTE Chemical Corporation
LyondellBasell Industries Holdings BV
MEGlobal International FZE
Mitsubishi Chemical Corporation
Nouryon
Petro Rabigh
PETRONAS Chemicals Group (PCG)
Reliance Industries Ltd
SABIC
Shell PLC
Sinopec Zhenhai Refining & Chemical Company
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End-User Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Glycol Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Glycol Market
Impact Analysis
5. Global Glycol Market, By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Ethylene Glycol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Monoethylene Glycol (MEG)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Diethylene Glycol (DEG)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Triethylne Glycol (TEG)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Polyethylene Glycol (PEG)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Propylene Glycol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Other Types
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
6. Global Glycol Market, By End-User Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Automotive and Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Food and Beverage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Cosmetics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Textile
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Other End-user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
7. Global Glycol Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020-2032
North America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-User Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn))
Market Size and Forecast, By End-User Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-User Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-User Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-User Industry, 2020 - 2032 (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)