Glycol Market Size, Share, and Outlook, 2025 Report- By Product (Ethylene Glycol, Propylene Glycol), By Application (Automotive, HVAC, Textiles, Airlines, Medical, Pipeline Maintenance, Polyester Fibers & Resins, Food & Beverage, Others), 2018-2032

Glycol Market Outlook

Glycol Market Size is forecast to reach $70.8 Billion in 2032 from $43.5 Billion in 2025, at an optimistic growth rate of 7.1% from 2025 to 2032. The robust Glycol Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Glycol Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Ethylene Glycol, Propylene Glycol), By Application (Automotive, HVAC, Textiles, Airlines, Medical, Pipeline Maintenance, Polyester Fibers & Resins, Food & Beverage, Others). Over 70 tables and charts showcase findings from our latest survey report on Glycol Markets.

Glycol Market Insights, 2025:

Glycol – Key Drivers and Opportunities

Glycol, specifically ethylene glycol and propylene glycol, is widely used in a range of applications from antifreeze to polyester fibers and solvents. The key drivers for glycol’s demand include its essential role in the automotive industry (as antifreeze and coolant), polyester production (for clothing, textiles, and packaging), and as a solvent in paints, coatings, and cosmetics. The growing automotive sector, particularly in emerging economies where vehicle ownership is on the rise, continues to be a significant driver of glycol consumption for engine cooling and de-icing. Additionally, increasing demand for synthetic textiles and polyester fibers in the fashion industry is driving glycol use in polymer production.

Opportunities for the glycol market are robust, driven by the increasing use of bio-based glycols as part of the transition toward more sustainable products. There is a significant push for green glycols produced from renewable sources such as corn or sugarcane. The growing trend toward bio-based chemicals presents an opportunity for companies to focus on producing bio-based ethylene glycol and propylene glycol, which are used in green antifreeze and environmentally friendly solvents. Glycol also has applications in the pharmaceutical and personal care industries, where it is used in moisturizers, shampoos, and skin care products. Furthermore, as the construction industry seeks eco-friendly alternatives, glycol can be incorporated into the production of green building materials and eco-friendly paints. The increasing need for bio-based plastics also creates a space for glycol derivatives in the production of biodegradable packaging materials, presenting considerable growth potential in the long term.

Five Trends that will define global Glycol Market in 2025 and Beyond

A closer look at the multi-million global market for Glycol Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Glycol Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Glycol Industry?

The Glycol Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Glycol Market Segment Insights

The Glycol Industry presents strong offers across categories. The analytical report offers forecasts of Glycol Industry performance across segments and countries. Key segments in the industry include- By Product (Ethylene Glycol, Propylene Glycol), By Application (Automotive, HVAC, Textiles, Airlines, Medical, Pipeline Maintenance, Polyester Fibers & Resins, Food & Beverage, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Glycol Market size outlook is provided for 22 countries across these regions.

Glycol Industry Value Chain

The chapter identifies potential companies and their operations across the global Glycol Industry ecosystem. It assists decision-makers in evaluating global Glycol Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Glycol Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Glycol Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Glycol Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Glycol Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Glycol Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Glycol Market Insights- Executives are most excited about opportunities for the US Glycol Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Glycol Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Glycol Market.

Latin American Glycol Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Glycol Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Glycol Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Glycol Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Glycol Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include BASF SE, China Petrochemical Corp, China Sanjiang Fine Chemicals Company Ltd, Dow Inc, Huntsman International LLC, India Glycols Ltd, Indian Oil Corp Ltd, Indorama Ventures Public Company Ltd, INEOS Group Holdings S.A., LOTTE Chemical Corp, LyondellBasell Industries N.V., MEGlobal International FZE, Mitsubishi Chemical Holdings Corp, Nouryon, Petro Rabigh, PETRONAS Chemicals Group Berhad, Reliance Industries Ltd, Royal Dutch Shell plc, Saudi Basic Industries Corp.

Glycol Market Scope and Segmentation

By Product

Ethylene Glycol

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

Propylene Glycol

By Application

Automotive

HVAC

Textiles

Airlines

Medical

Pipeline Maintenance

Polyester Fibers & Resins

Food & Beverage

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Glycol Market Research-

BASF SE

China Petrochemical Corp

China Sanjiang Fine Chemicals Company Ltd

Dow Inc

Huntsman International LLC

India Glycols Ltd

Indian Oil Corp Ltd

Indorama Ventures Public Company Ltd

INEOS Group Holdings S.A.

LOTTE Chemical Corp

LyondellBasell Industries N.V.

MEGlobal International FZE

Mitsubishi Chemical Holdings Corp

Nouryon

Petro Rabigh

PETRONAS Chemicals Group Berhad

Reliance Industries Ltd

Royal Dutch Shell plc

Saudi Basic Industries Corp

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
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