Deg Di Ethylene Glycol Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00112067
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 5.92 |
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Deg (Di-Ethylene Glycol) Market Analysis Report 2023-2032: The Di-Ethylene Glycol (DEG) Market size is estimated to grow at a CAGR of 5.12% between 2022 and 2032. The market size is forecast to increase by USD 2,345.78 million. The growth of the market depends on several factors, including the increasing demand for polyester fibers and polyethylene terephthalate (PET) resins, the growing automotive industry, and the rising demand for antifreeze and coolants. Di-Ethylene Glycol (DEG) is an organic compound that is widely used as a solvent, humectant, and chemical intermediate in various industries. It is a colorless, odorless liquid that is miscible with water and many organic solvents. DEG is primarily produced by the ethylene oxide hydration process, which involves the reaction of ethylene oxide with water.
Deg (Di-Ethylene Glycol) Market Overview Drivers One of the key factors driving the DEG market growth is the increasing demand for polyester fibers and PET resins. DEG is a crucial raw material in the production of polyester fibers, which are extensively used in the textile industry for manufacturing clothing, upholstery, and home furnishings. The growing population, rising disposable income, and changing fashion trends are driving the demand for polyester fibers, thereby fueling the growth of the DEG market.
Moreover, the demand for PET resins, which are used in the production of bottles, containers, and packaging materials, is also increasing. PET resins offer excellent properties such as transparency, lightweight, and recyclability, making them suitable for various applications. DEG is a key ingredient in the production of PET resins, further driving the demand for DEG in the market.
Trends A key trend shaping the DEG market growth is the growing automotive industry. DEG is used as a coolant and antifreeze in automotive applications. It helps in maintaining the desired temperature of the engine and prevents it from freezing or overheating. With the increasing production and sales of automobiles worldwide, the demand for DEG as a coolant and antifreeze is also rising. Additionally, DEG is used in the production of brake fluids, which are essential for the proper functioning of the braking system in vehicles. The growth of the automotive industry, especially in emerging economies, is expected to drive the demand for DEG during the forecast period.
Restraints:
Furthermore, environmental concerns regarding the production and use of DEG are also restraining market growth. DEG is classified as a hazardous substance and its improper disposal or release into the environment can have adverse effects on human health and the ecosystem. Stringent regulations and increasing focus on sustainability are driving the adoption of alternative chemicals and processes, which could limit the growth of the DEG market.
DEG Market Segmentation By Application The polyester fibers segment is estimated to witness significant growth during the forecast period. DEG is a key raw material in the production of polyester fibers, which are widely used in the textile industry. Polyester fibers offer several advantages such as high strength, durability, wrinkle resistance, and ease of care, making them suitable for various applications. The growing demand for polyester fibers in the textile industry, driven by factors such as population growth, urbanization, and changing consumer preferences, is expected to drive the growth of this segment.
The PET resins segment is another significant application of DEG. PET resins are widely used in the production of bottles, containers, and packaging materials due to their excellent properties such as transparency, lightweight, and recyclability. DEG is a crucial ingredient in the production of PET resins, as it helps in improving the clarity and melt viscosity of the resin. The increasing demand for PET resins in the packaging industry, driven by factors such as the growth of e-commerce, changing consumer lifestyles, and sustainability concerns, is expected to fuel the growth of this segment.
DEG Market Segmentation By Type The industrial-grade DEG segment is estimated to dominate the market during the forecast period. Industrial-grade DEG is widely used in various industries such as textiles, plastics, automotive, and chemicals. It is primarily used as a solvent, humectant, and chemical intermediate. The increasing industrial activities, especially in emerging economies, are driving the demand for industrial-grade DEG.
Regional Overview Asia Pacific (APAC) is estimated to contribute significantly to the growth of the global DEG market during the forecast period. The region is a major consumer and producer of DEG, driven by the presence of key market players and the growing demand from various end-use industries. Countries such as China, India, and South Korea are witnessing rapid industrialization and urbanization, which is driving the demand for DEG in applications such as textiles, plastics, automotive, and chemicals. Additionally, the increasing population, rising disposable income, and changing consumer lifestyles are fueling the demand for polyester fibers and PET resins, further driving the growth of the DEG market in the region.
North America and Europe are also significant markets for DEG, driven by the presence of well-established industries and the demand for polyester fibers, PET resins, and other DEG applications. The Middle East & Africa and South America are expected to witness moderate growth in the DEG market, supported by the growth of end-use industries and increasing investments in infrastructure development.
DEG Market Customer Landscape The DEG market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major DEG Market Companies? Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies operating in the DEG market include:
- SABIC
- Dow Chemical Company
- Reliance Industries Limited
- BASF SE
- Royal Dutch Shell plc
- ExxonMobil Corporation
- Sinopec Limited
- Formosa Plastics Corporation
- Mitsubishi Chemical Corporation
- LyondellBasell Industries N.V.
The research report also includes detailed analyses of the competitive landscape of the market and information about market companies.
Segment Overview The DEG market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Polyester fibers
- PET resins
- Solvents
- Chemical intermediates
- Others
- Type Outlook (USD Million, 2019 - 2032)
- Industrial-grade DEG
- Pharmaceutical-grade DEG
- Others
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1 About the DEG(Di-Ethylene Glycol) Industry
1.1 Industry Definition
1.1.1 Types of DEG(Di-Ethylene Glycol) industry
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Lanscape
2.1 DEG(Di-Ethylene Glycol) Markets by regions
2.1.1 USA
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.2 Europe
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.3 China
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.4 India
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.5 Japan
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.2 World DEG(Di-Ethylene Glycol) Market by types
2.3 World DEG(Di-Ethylene Glycol) Market by Applications
Plasticizers
Extracting agent
Drier
Insulation Agent
Fabric softener
Chapter 3 World DEG(Di-Ethylene Glycol) Market share
3.1 Major players Market share by production
3.2 Major players Market share by Revenue
3.3 Major Regions Market share by Production in 2020, Through 2025
3.4 Major Regions Market share By Revenue in 2020, Through 2025
Chapter 4 Supply Chain
4.1 Industry Supply chain Analysis
4.2 Raw material Market analysis
4.2.1 Raw material Prices analysis 2015-2020
4.2.2 Raw material Supply Market analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 SINOPEC
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue, Price and Operating Profits
5.2 CNPC
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue, Price and Operating Profits
5.3 Shell
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue, Price and Operating Profits
5.4 DOW
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue, Price and Operating Profits
5.5 SD
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue, Price and Operating Profits
5.6 BASF
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue, Price and Operating Profits
5.7 Formosa Plastic Group
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue, Price and Operating Profits
5.8 SABIC
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue, Price and Operating Profits
5.9 Nippon Shokubai
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue, Price and Operating Profits
5.10 Reliance Group
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue, Price and Operating Profits
5.11 IGL
5.11.1 Company Details (Foundation Year, Employee Strength and etc)
5.11.2 Product Information (Picture, Specifications and Applications)
5.11.3 Revenue, Price and Operating Profits
5.12 IndianOil
5.12.1 Company Details (Foundation Year, Employee Strength and etc)
5.12.2 Product Information (Picture, Specifications and Applications)
5.12.3 Revenue, Price and Operating Profits
5.13 BASF-YPC
5.13.1 Company Details (Foundation Year, Employee Strength and etc)
5.13.2 Product Information (Picture, Specifications and Applications)
5.13.3 Revenue, Price and Operating Profits
5.14 Golden Dyechem
5.14.1 Company Details (Foundation Year, Employee Strength and etc)
5.14.2 Product Information (Picture, Specifications and Applications)
5.14.3 Revenue, Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by regions
7.2 Major Customers and contact information by regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World DEG(Di-Ethylene Glycol) Market Forecast through 2025
9.1 World DEG(Di-Ethylene Glycol) Demand by Regions Forecast through 2025
9.2 World DEG(Di-Ethylene Glycol) Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World DEG(Di-Ethylene Glycol) Revenue(by Regions, Types, Applications) Forecast through 2025
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Major players Market share by production 2020
Table Major players Market share by Revenue 2020
Table Major Regions Market share by Production in 2020-2020
Table Major Regions Market share by Production in 2020-2025
Table Major Regions Market share by Revenue in 2020-2020
Table Major Regions Market share by Revenue in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices analysis 2015-2020
Table Raw material Suppliers Market analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by regions
Table SINOPEC Information List
Figure DEG(Di-Ethylene Glycol)DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of SINOPEC
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SINOPEC 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of SINOPEC 2020
Table CNPC Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of CNPC
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of CNPC 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of CNPC 2020
Table Shell Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of Shell
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Shell 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of Shell 2020
Table DOW Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of DOW
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of DOW 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of DOW 2020
Table SD Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of SD
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SD 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of SD 2020
Table BASF Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of BASF
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of BASF 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of BASF 2020
Table Formosa Plastic Group Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of Formosa Plastic Group
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Formosa Plastic Group 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of Formosa Plastic Group 2020
Table SABIC Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of SABIC
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SABIC 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of SABIC 2020
Table Nippon Shokubai Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of Nippon Shokubai
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Nippon Shokubai 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of Nippon Shokubai 2020
Table Reliance Group Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of Reliance Group
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Reliance Group 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of Reliance Group 2020
Table IGL Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of IGL
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of IGL 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of IGL 2020
Table IndianOil Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of IndianOil
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of IndianOil 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of IndianOil 2020
Table BASF-YPC Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of BASF-YPC
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of BASF-YPC 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of BASF-YPC 2020
Table Golden Dyechem Information List
Figure DEG(Di-Ethylene Glycol) Picture, Specifications and Applications of Golden Dyechem
Table DEG(Di-Ethylene Glycol) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Golden Dyechem 2020
Figure DEG(Di-Ethylene Glycol) Sales Volume (units) and World Market Share of Golden Dyechem 2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by regions
Table Major Customers and contact information by regions
Table USA Supply, Import, Export, Consumption (units) and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption(units) and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption(units) and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption(units) and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption(units) and Consumption Value(M USD)
Table World Demand (units) by Regions Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Price by Regions Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Price by Types Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Price by Applications Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Revenue by Regions Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of DEG(Di-Ethylene Glycol) (2020-2025)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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