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Ethylene Glycol Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2012 To 2020

Increasing applications in end-use industries such as textile and resin based PET are expected to have a
substantial impact on global ethylene glycol market growth. Ethylene glycol is a colorless sweet liquid
that is also called monoethylene glycol (MEG). Monoehtylene glycol is a primary constituent for
downstream product industries. Ethylene glycol manufacturing process coproduces triethylene glycol
(TEG) and diethylene glycol (DEG). MEG, TEG and DEG are used as primary feedstock in many industries.
Changes in ethylene oxide prices have effects on ethylene glycol prices on account of being a primary
feedstock in manufacturing process.
Ethylene glycol is prominently used to manufacture polyester fiber, PET resins and films. Ethylene glycol
is also used as antifreeze, dewatering, heat transfer and coolant agent, precursor to polymers, runaway
de-icing fluids and hydrate inhibitors. Niche applications of ethylene glycol include aircraft components,
inks, automobile parts, pesticides, dyes cleaners, wood protective coats and preserving agent. DEG is
used to produce polyurethanes and unsaturated polyester resins.
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TEG is primarily used for dehydration of natural gas. High manufacturing cost and less byproducts yield
are expected to hinder ethylene glycol market over the forecast period. Volatile crude oil prices affected
ethylene glycol and its byproducts in recent years, and is expected to hamper ethylene glycol market
over the next eight years. However, optimum raw material utilization and bottle neck process stage
management is anticipated to offset volatile crude oil prices.
The product applications are concentrated only in industrial or consumer goods industries on account of
harmful chemical properties. Polyester fibers and fabrics are used in textile industries. Growing textile
industries globally are anticipated to have a positive impact on ethylene glycol market. Downstream
products of ethylene glycol have significant advantage over glass or other industries, which is likely to
affect the market growth positively over the next eight years. These chemicals are projected to
substitute other chemicals in many industries. Ethylene glycol need to be properly produced,
transported, stored and disposed to avoid effect on environment and health owing to stringent
government regulations.
Monoethylene glycol accounted for the largest global product market with over 90% market share in
2013 owing to major feedstock for manufacturing downstream chemicals and other products. The
market is also expected to have the fastest growth over the next eight years. Innovations to reduce
manufacturing cost and harmful environmental impacts are anticipated to create ample opportunities
for the market. DEG and TEG jointly covered most of the remaining market in 2013. TEG registered the
slowest growth in the market in 2013, and the trend is expected to continue over the forecast period.
Major ethylene glycol applications include polyester fiber, PET, films and antifreeze.
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Polyester fiber market recorded the highest revenue generation followed by PET in 2013 owing to
growing applications in textile industries globally. The product consumption in PET industries is growing
at high pace due to emerging PET bottles market and end-use industries. However, application such as
antifreeze had witnessed the slowest growth in 2013 and is expected to follow the same trend over the
forecast period.
Asia Pacific was the largest market for ethylene glycol in 2013 and is expected to grow at rapid pace over
the forecast period owing to increasing textile and automotive industries in the region. Emerging
economies such as China, Indonesia and India are witnessing fast growing GDP which raised disposable
income. Increase in disposable income is anticipated to fuel global ethylene glycol market growth in the
region over the next eight years. North America and Europe is expected to have negative impact on
ethylene glycol market growth due to increasing applications of bio based ethylene glycol. Stringent

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regulations related to environmental impacts in the region are forcing PET industries to shift towards bio
based raw materials.
SABIC dominated global ethylene glycol market in 2013 accounting for 28% market share. Ethylene
glycol market is moderately fragmented. Other key players in the market include Sinopec, Dow
Chemicals, Shell, Huntsman Corporation, Reliance Industries Ltd., Akzonobel, BASF, Clariant, Kuwait
Petroleum Corporation, Formosa Group, Ineos Oxide, Lyondellbasell Industries, Exxon Mobil Corp. and
Honam Petrochemical Corporation.
Table of Contents
Chapter 1 Executive Summary
1.1 Ethylene Glycol - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Ethylene Glycol Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Ethylene Glycol Value Chain Analysis
2.4 Ethylene Glycol Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
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Chapter 3 Ethylene Glycol Product Outlook
3.1 Monoethylene Glycol (MEG)
3.2 Di-ethylene Glycol (DEG)
3.3 Tri-ethylene Glycol (TEG)
Chapter 4 Ethylene Glycol Application Outlook
4.1 Polyethylene Terephthalate PET
4.2 Polyester Fibers
4.3 Antifreeze
4.4 Films
4.5 Others

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Chapter 5 Ethylene Glycol Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Ethylene Glycols Competitive Landscape
6.1 SABIC
6.2 Dow Chemical Company
6.3 Sinopec
6.4 Shell
6.5 Reliance Industries Ltd.
Chapter 7 Methodology & Scope
7.1 Research Methodology
7.2 Research Scope & Assumptions
7.3 List of Data Sources
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