Global Glycol Market by Product (Ethylene Glycol and Propylene Glycol); by End-Use Industry (Packaging, Food and Beverage, Automotive and Transportation, Cosmetics, Pharmaceuticals, Textile, Paints and Coatings and Other End-Use Industries), by Region (North America, Asia-Pacific, Latin America, Middle East and Africa, and Europe); - Global Forecasts 2021 to 2027

Date: Nov 2021 Report Id: 134 Category: Chemicals & Materials Report Format: pdf-img excel-img ppt-img word-img

The Global Glycol Market was valued at USD 32.75 Bn in 2020 and is expected to reach USD 52.60 Bn by 2027, with a growing CAGR of 7.1% during the forecast period.

The Global Glycol Market Definition:

Glycol is a thick, colourless water-miscible coolant that is often used in cooling and heat transfer applications. It offers improvised heat transfer parameters when compared to water and can be mixed along the water to provide several heat transfer properties. There are two types of glycols i.e. propylene glycol and ethylene glycol. Among these, propylene glycol has a wide application in the food industry while ethylene glycol is often used in industrial applications.

Global Glycol Market

The Global Glycol Market Dynamics:

The glycol market is accounted to boost at a significant pace in the forecast period. This growth is majorly owing to the rapidly expanding packaging industry across the globe. Polyester films that are made using ethylene glycol, have a wide application in a variety of packaging applications which ranges from food and drugs to consumer and industrial goods. Owing to this, the glycol industry has been experiencing high product demand and is expected to witness high growth rates from the packaging industry. PET (polyethylene terephthalate) plastic containers and bottles, manufactured using polymerization of terephthalic acid and ethylene glycol, are the most favoured consumer pack types in the consumer packaging industry across the globe. Thus, the growing demand for PET is projected to drive the market during the forecast period. 

Further, evident efforts by organizations to increase the efficiency of supply channels and decrease the uncertainties that are associated with cost components are another major factor driving the glycol industry. With the rapid advent of technology, the chemical sector including glycol industry players too has opened doors for virtual marketplaces and started selling through online portals. This has resulted in increasing convenience for both consumers as well as vendors’ perspectives. A virtual marketplace offers consumers ease of procurement, whereas these online marketplaces help vendors to reduce the expenses associated with physical infrastructure by marketing their products online. Therefore, growing acceptance of these online marketplaces is expected to be instrumental in offering growth opportunities in the market. 

The Global Glycol Market Segmentation:

By Product

  • Ethylene Glycol
    • Diethylene Glycol
    • Monoethylene Glycol
    • Triethylene Glycol
  • Propylene Glycol

By End-Use Industry

  • Packaging
  • Food and Beverage
  • Automotive and Transportation
  • Cosmetics
  • Pharmaceuticals
  • Paints and Coatings
  • Textile
  • Other End-Use Industries

By Region

  • North America
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
  • Europe

The unique insights provided by this report also include the following:

  • In-Depth Value Chain Analysis
  • Market Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post Covid 19 Impact on Glycol Market
  • Competitive Landscape

Based on product, the ethylene glycol segment dominated the glycol market across the globe owing to rapid industrialization across several developing nations

Based on product, the global glycol industry is fragmented into ethylene glycol and propylene glycol. Among these, the ethylene glycol segment dominated the glycol market across the globe. This dominant share is attributed to the rapid industrialization across several developing nations. Ethylene glycol shows several physical properties like resistance to corrosion, high boiling point, lubrication, and hygroscopicity. Owing to these properties, ethylene glycol experiences high demand from industrial applications. Further, the rising demand for ethylene glycol for making plastic packaging is also pegged to garner significant demand over the forecast period

Based on the end-use industry, the paints and coatings industry accounted for the largest share in the glycol market across the globe because paints and coatings have a high application in several industries, such as automotive, construction, and packaging

Based on the end-use industry the global glycol market is segmented as packaging, food and beverage, automotive and transportation, cosmetics, pharmaceuticals, textile, paints and coatings, and other end-use industries. Among these, the paints and coatings industry accounted for the largest share in the glycol market across the globe. This high share is because paints and coatings have a high application in several industries, such as automotive, construction, and packaging. Glycol facilitates in forming proper film during coating cure and serves as an active solvent in resins. It also helps to optimize the evaporation rate of the solvent in a coating. It further helps in increasing the flow-out properties of the paint, thus helping to eliminate the brush marks obtained during painting. Therefore, increasing commercial and non-commercial construction is expected to boost the global glycol market.

Based on region, Asia-Pacific is expected to be the fastest-growing market in the glycol market across the globe due to increasing product demand from several end-user industries

Based on region, the global glycol is divided into North America, Asia-Pacific, Latin America, the Middle East and Africa, and Europe. Among these, Asia-Pacific is expected to be the fastest-growing market in the glycol market across the globe. This is due to increasing product demand from several end-use industries such as food & beverage, textile, and cosmetics, etc. in countries like Japan, South Korea, China, India, and the Southeast Asian nations. The increasing demand in these industries is owing to rising exports, as well as domestic consumption in this region. Further, increasing demand for paints and coatings construction activities in several developing nations in the region is another major factor that is projected to proliferate the glycol industry growth across the region. Thus, rising demands from the above-mentioned end-use industries are expected to drive growth in the Asia-Pacific region.

The report also provides an in-depth analysis of Glycol market dynamics such as drivers, restraints opportunities, and challenges


  • Growing demand from paints and coatings industry
  • Lucrative market growth from packaging industry
  • Rapid adoption of virtual marketplaces


  • Toxic nature of ethylene glycol
  • REACH and EPA regulations regarding the usage of glycol ethers
  • The emergence of new products like cellulosic ethanol


  • Adoption of bio-based variants

Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.

COVID-19 impact on the Glycol market analysis

The Covid-19 outbreak has severely impacted economies across the globe leading to several lockdown impositions by many major nations. The entire lockdown situation in these nations has indirectly or directly impacted several major industries. Most of these industries across the globe have experienced disruptions by their supply chain and manufacturing operations. This has led to a shift in activities like vendor operations, supply chain operations, and product commercialization among others. The global glycol market has also experienced the same situation and has been negatively impacted by the outbreak. Additionally, consumer demand for the product has also slowed down as individuals are now more focused on eliminating non-essential expenses from their respective budgets and shifted to spending only on essential products. All these aforementioned factors are projected to burden the revenue trajectory in the glycol market over the forecast period.

The report also provides an in-depth analysis of key trends in Glycol market

  • Increasing environmental consciousness among the consumers and the introduction of bio-based variants are helping in creating a positive impact on the market demand.
  • Extensive research and development (R&D) activities and the availability of advanced production technology for glycol are expected to influence the market demand.

The report also provides in-depth analysis of recent news developments and investments in the in the glycol industry

  • In March 2021, Clariant International, a Switzerland-based company announced its strategic partnership with India Glycols as a joint venture. With this partnership the companies aim to strengthen company’s core portfolio and rapidly expand their scope in consumer care market such as home care, personal care, and industrial applications segments in Asia Pacific region, particularly in India.
  • In April 2021, Cosphatec announced the launch of its new blend Cosphaderm Dicapo natural which consists of natural caprylyl glycol. Caprylyl glycol is blended with natural glyceryl caprylate and natural propanediol to create a plant based all-natural unique mixture. Additionally, Cosphatec is one of the first firms to offer this ingredient with a COSMOS certification.

Company Profiles and Competitive Intelligence

The key players operating in the glycol industry are:

  • Akzo Nobel NV
  • China Petrochemical Corporation (Sinopec Group)
  • Clariant AG
  • DowDupont Inc.
  • Formosa Plastics Corporation
  • Exxon Mobil Corporation
  • Huntsman International LLC
  • Ineos Oxide
  • Lotte Chemical Corporation
  • Kuwait Petroleum Corporation
  • LyondellBasell Industries NV
  • Reliance Industries Ltd.
  • SABIC (Saudi Basic Industries Corporation)
  • Royal Dutch Shell plc
  • Ultrapar Participacoes S.A.
  • Sinopec
  • Mitsubishi Chemical
  • Shell
  • Archer Daniels Midland Company
  • Global Bio-chem Technology Group Co., Ltd.
  • Temix International S.R.L.
  • SKC Co., Ltd.
  • Ineos Oxide
  • Other notable players

Frequently Asked Questions (FAQs)

The Global Glycol Market was valued at USD 32.75 Bn in 2020 and is anticipated to reach USD 52.60 Bn by 2027.
The Glycol Market is estimated to grow at a compound annual growth rate (CAGR) of 7.1% during forecast period.
The Asia-Pacific regional segment has dominated the Glycol Market.
A few key players include, but not limited to: Akzo Nobel NV, China Petrochemical Corporation, BASF SE, Clariant AG, DowDupont Inc., Formosa Plastics Corporation, and Exxon Mobil Corporation among others.
Yes, the report contains detailed COVID-19 analysis for Glycol Market.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Introduction
    1. Product Outline
    2. Glycol Overview
    3. Different Types of Glycol 
    4. Analysis Of Glycol Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
  2. Technology and Regulatory Landscape for Glycol    
    1. Regulations and Standards
  3. Glycol Market Pricing Analysis
    1. Prices of Glycol   
  4. Glycol Market by Product
    1. Ethylene Glycol
      1. Diethylene Glycol
      2. Monoethylene Glycol
      3. Triethylene Glycol
    2. Propylene Glycol
  5. Glycol Market by End-Use Industry
    1. Packaging
    2. Food and Beverage
    3. Automotive and Transportation
    4. Paints and Coatings
    5. Cosmetics
    6. Pharmaceuticals
    7. Textile
    8. Other End-user Industries
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. Key Global Players
    1. Akzo Nobel NV
    2. China Petrochemical Corporation (Sinopec Group)
    3. BASF SE
    4. Clariant AG
    5. DowDupont Inc.
    6. Formosa Plastics Corporation
    7. Exxon Mobil Corporation
    8. Huntsman International LLC
    9. Ineos Oxide
    10. Lotte Chemical Corporation
    11. Kuwait Petroleum Corporation
    12. LyondellBasell Industries NV
    13. Reliance Industries Ltd.
    14. SABIC (Saudi Basic Industries Corporation)
    15. Royal Dutch Shell plc

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