The Diethylene Glycol Market is expected to register a CAGR of 4.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The diethylene glycol market is segmented into application, end-user industry, and geography. Based on application, the market is segmented into plasticizers, personal care, chemical intermediates, polyester resins, and others. Based on end-user industry, the market is segmented into plastics, buildings and construction, polymers, paints and coatings, and others. The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Diethylene Glycol Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Diethylene Glycol Market Segmentation
Application- Plasticizers
- Personal Care
- Chemical Intermediates
- Polyester Resins
- Plastics
- Buildings and Construction
- Polymers
- Paints and Coatings
Strategic Insights
Diethylene Glycol Market Growth Drivers- Growing Demand in the Automotive Industry: Diethylene glycol is a significant raw material used primarily for antifreeze and coolants. The automotive industry continues to grow, with significant growth potential in emerging markets, resulting in a consequent increase in demand for antifreeze products. Increased adoption of vehicles, longer lifespans, and greater cooling system complexities in modern automobiles drive up demand. In addition, the growing need for temperature control systems in electric vehicles fuels up the demand for DEG-based solutions.
- Increasing Demand for Polyesters and Plasticizers: DEG is an essential intermediate in the formulation of polyester resins. Polyester resins have wide applications in different sectors, such as textile fibers, plastics, and coatings. With the growth in textiles, packaging, and construction markets worldwide, the demand for DEG is increasing for its role as a major raw material in the manufacturing of polyesters. DEG is also used in plasticizers for PVC production, which, in turn, increases its market prospects.
- increasingly Stringent Environmental Sustainability Norms: Environmental sustainability norms are becoming increasingly stringent globally, and DEG is gaining prominence mainly because of its relatively lower toxicity and environmental friendliness compared to other chemical compounds. It supports its increasing demand since it is useful in producing biodegradable products like green solvents and renewable polymers, which play an important role in production. Companies are increasingly looking for safer and more sustainable alternatives compared to the traditional ones being used.
- Shift towards bio-based DEG: Demand for bio-based and renewable chemicals is on the rise. Bio-based production methods for DEG are being attempted by manufacturers to meet growing environmental concerns. The trend for the coming years, especially in the environment-conscious industries, would be bio-based DEG, produced from renewable sources and plant-based feedstocks.
- Growing Application in Surfactants and Cleaning Agents: There has been an increasing trend toward using DEG for the manufacture of surfactants and cleaning agents, especially cleaning products for household and industrial usage. DEG has a good solubility characteristic with low toxicity, which promotes its use as a preferred ingredient for eco-friendly cleaning agents, whose demand is increasing due to consumer awareness of health and environmental implications.
- Technological advancements in the production process: With recent innovations in production technologies, for example, more efficient catalytic processes in the synthesis of DEG, production costs have decreased, and yields have increased. This enables suppliers to increase productivity while remaining cost-competitive.
- Growth in Emerging Countries: Asia-Pacific, Latin America, and Africa are the most emerging economies, which are expected to gain significant market share for the growth of DEG. Increased industrialization is giving a boost to these regions, which demand textiles, antifreeze, and resins, all requiring DEG.
- Use is Increasing in the Pharmaceutical and Cosmetics Industries: Applications for DEG are increasing in the pharmaceutical and cosmetic industries, particularly as a solvent and humectant in cream and lotion formulations and oral preparations. All sectors globally would increase demand for cosmetic products and personal care items, while DEG offers the potential for growth as a key ingredient.
- Growth Opportunities for DEG in Renewable Energy and Green Technologies: The use of renewable energy and green technologies like thermal storage and heat transfer applications will create an important prospect for further DEG. Thermodynamic properties make it suitable for next-generation green technologies, offering growth as the global move to sustainable energy solutions picks up pace.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Diethylene Glycol Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Diethylene Glycol Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift towards bio-based diethylene glycol is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the diethylene glycol market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The Diethylene Glycol Market is estimated to witness a CAGR of 4.0% from 2023 to 2031
The major factors driving the diethylene glycol market are:
1.Growing Demand in the Automotive Industry
2. Surge in Demand for Polyesters and Plasticizers
China Petrochemical Corporation, Dow, Inc., Huntsman, India Glycols Limited, Indian Oil Corporation Ltd, Merck KGaA, NIPPON SHOKUBAI CO., LTD, Reliance Industries Limited, and SABIC are some of the players operating in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Diethylene Glycol Market - By Application
1.3.2 Diethylene Glycol Market - By End-User Industry
1.3.3 Diethylene Glycol Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIETHYLENE GLYCOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DIETHYLENE GLYCOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DIETHYLENE GLYCOL MARKET - GLOBAL MARKET ANALYSIS
6.1. DIETHYLENE GLYCOL - GLOBAL MARKET OVERVIEW
6.2. DIETHYLENE GLYCOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIETHYLENE GLYCOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. PLASTICIZERS
7.3.1. Overview
7.3.2. Plasticizers Market Forecast and Analysis
7.4. PERSONAL CARE
7.4.1. Overview
7.4.2. Personal Care Market Forecast and Analysis
7.5. CHEMICAL INTERMEDIATES
7.5.1. Overview
7.5.2. Chemical Intermediates Market Forecast and Analysis
7.6. POLYESTER RESINS
7.6.1. Overview
7.6.2. Polyester Resins Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. DIETHYLENE GLYCOL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. PLASTICS
8.3.1. Overview
8.3.2. Plastics Market Forecast and Analysis
8.4. BUILDINGS AND CONSTRUCTION
8.4.1. Overview
8.4.2. Buildings and Construction Market Forecast and Analysis
8.5. POLYMERS
8.5.1. Overview
8.5.2. Polymers Market Forecast and Analysis
8.6. PAINTS AND COATINGS
8.6.1. Overview
8.6.2. Paints and Coatings Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. DIETHYLENE GLYCOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Diethylene Glycol Market Overview
9.1.2 North America Diethylene Glycol Market Forecasts and Analysis
9.1.3 North America Diethylene Glycol Market Forecasts and Analysis - By Application
9.1.4 North America Diethylene Glycol Market Forecasts and Analysis - By End-User Industry
9.1.5 North America Diethylene Glycol Market Forecasts and Analysis - By Countries
9.1.5.1 United States Diethylene Glycol Market
9.1.5.1.1 United States Diethylene Glycol Market by Application
9.1.5.1.2 United States Diethylene Glycol Market by End-User Industry
9.1.5.2 Canada Diethylene Glycol Market
9.1.5.2.1 Canada Diethylene Glycol Market by Application
9.1.5.2.2 Canada Diethylene Glycol Market by End-User Industry
9.1.5.3 Mexico Diethylene Glycol Market
9.1.5.3.1 Mexico Diethylene Glycol Market by Application
9.1.5.3.2 Mexico Diethylene Glycol Market by End-User Industry
9.2. EUROPE
9.2.1 Europe Diethylene Glycol Market Overview
9.2.2 Europe Diethylene Glycol Market Forecasts and Analysis
9.2.3 Europe Diethylene Glycol Market Forecasts and Analysis - By Application
9.2.4 Europe Diethylene Glycol Market Forecasts and Analysis - By End-User Industry
9.2.5 Europe Diethylene Glycol Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Diethylene Glycol Market
9.2.5.1.1 Germany Diethylene Glycol Market by Application
9.2.5.1.2 Germany Diethylene Glycol Market by End-User Industry
9.2.5.2 France Diethylene Glycol Market
9.2.5.2.1 France Diethylene Glycol Market by Application
9.2.5.2.2 France Diethylene Glycol Market by End-User Industry
9.2.5.3 Italy Diethylene Glycol Market
9.2.5.3.1 Italy Diethylene Glycol Market by Application
9.2.5.3.2 Italy Diethylene Glycol Market by End-User Industry
9.2.5.4 United Kingdom Diethylene Glycol Market
9.2.5.4.1 United Kingdom Diethylene Glycol Market by Application
9.2.5.4.2 United Kingdom Diethylene Glycol Market by End-User Industry
9.2.5.5 Russia Diethylene Glycol Market
9.2.5.5.1 Russia Diethylene Glycol Market by Application
9.2.5.5.2 Russia Diethylene Glycol Market by End-User Industry
9.2.5.6 Rest of Europe Diethylene Glycol Market
9.2.5.6.1 Rest of Europe Diethylene Glycol Market by Application
9.2.5.6.2 Rest of Europe Diethylene Glycol Market by End-User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Diethylene Glycol Market Overview
9.3.2 Asia-Pacific Diethylene Glycol Market Forecasts and Analysis
9.3.3 Asia-Pacific Diethylene Glycol Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Diethylene Glycol Market Forecasts and Analysis - By End-User Industry
9.3.5 Asia-Pacific Diethylene Glycol Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Diethylene Glycol Market
9.3.5.1.1 Australia Diethylene Glycol Market by Application
9.3.5.1.2 Australia Diethylene Glycol Market by End-User Industry
9.3.5.2 China Diethylene Glycol Market
9.3.5.2.1 China Diethylene Glycol Market by Application
9.3.5.2.2 China Diethylene Glycol Market by End-User Industry
9.3.5.3 India Diethylene Glycol Market
9.3.5.3.1 India Diethylene Glycol Market by Application
9.3.5.3.2 India Diethylene Glycol Market by End-User Industry
9.3.5.4 Japan Diethylene Glycol Market
9.3.5.4.1 Japan Diethylene Glycol Market by Application
9.3.5.4.2 Japan Diethylene Glycol Market by End-User Industry
9.3.5.5 South Korea Diethylene Glycol Market
9.3.5.5.1 South Korea Diethylene Glycol Market by Application
9.3.5.5.2 South Korea Diethylene Glycol Market by End-User Industry
9.3.5.6 Rest of Asia-Pacific Diethylene Glycol Market
9.3.5.6.1 Rest of Asia-Pacific Diethylene Glycol Market by Application
9.3.5.6.2 Rest of Asia-Pacific Diethylene Glycol Market by End-User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Diethylene Glycol Market Overview
9.4.2 Middle East and Africa Diethylene Glycol Market Forecasts and Analysis
9.4.3 Middle East and Africa Diethylene Glycol Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Diethylene Glycol Market Forecasts and Analysis - By End-User Industry
9.4.5 Middle East and Africa Diethylene Glycol Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Diethylene Glycol Market
9.4.5.1.1 South Africa Diethylene Glycol Market by Application
9.4.5.1.2 South Africa Diethylene Glycol Market by End-User Industry
9.4.5.2 Saudi Arabia Diethylene Glycol Market
9.4.5.2.1 Saudi Arabia Diethylene Glycol Market by Application
9.4.5.2.2 Saudi Arabia Diethylene Glycol Market by End-User Industry
9.4.5.3 U.A.E Diethylene Glycol Market
9.4.5.3.1 U.A.E Diethylene Glycol Market by Application
9.4.5.3.2 U.A.E Diethylene Glycol Market by End-User Industry
9.4.5.4 Rest of Middle East and Africa Diethylene Glycol Market
9.4.5.4.1 Rest of Middle East and Africa Diethylene Glycol Market by Application
9.4.5.4.2 Rest of Middle East and Africa Diethylene Glycol Market by End-User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Diethylene Glycol Market Overview
9.5.2 South and Central America Diethylene Glycol Market Forecasts and Analysis
9.5.3 South and Central America Diethylene Glycol Market Forecasts and Analysis - By Application
9.5.4 South and Central America Diethylene Glycol Market Forecasts and Analysis - By End-User Industry
9.5.5 South and Central America Diethylene Glycol Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Diethylene Glycol Market
9.5.5.1.1 Brazil Diethylene Glycol Market by Application
9.5.5.1.2 Brazil Diethylene Glycol Market by End-User Industry
9.5.5.2 Argentina Diethylene Glycol Market
9.5.5.2.1 Argentina Diethylene Glycol Market by Application
9.5.5.2.2 Argentina Diethylene Glycol Market by End-User Industry
9.5.5.3 Rest of South and Central America Diethylene Glycol Market
9.5.5.3.1 Rest of South and Central America Diethylene Glycol Market by Application
9.5.5.3.2 Rest of South and Central America Diethylene Glycol Market by End-User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DIETHYLENE GLYCOL MARKET, KEY COMPANY PROFILES
11.1. CHINA PETROCHEMICAL CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DOW, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HUNTSMAN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INDIA GLYCOLS LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INDIAN OIL CORPORATION LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MERCK KGAA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON SHOKUBAI CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RELIANCE INDUSTRIES LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SABIC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHELL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. China Petrochemical Corporation
2. Dow, Inc.
3. Huntsman
4. India Glycols Limited
5. Indian Oil Corporation Ltd
6. Merck KGaA
7. NIPPON SHOKUBAI CO., LTD
8. Reliance Industries Limited
9. SABIC
10. Shell
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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