Ethylene Glycol Market SWOT Analysis by 2031
Ethylene glycol is a sweet-tasting colorless liquid produced from ethylene oxide. Manufacture of ethylene glycol from ethylene oxide coproduces diethylene glycol (DEG) and triethylene glycol (TEG). Ethylene glycol is majorly used in the production of polyester fiber, PET bottle resins, and films. Other uses include ethylene glycol as coolant, dewatering agent, heat transfer agent, hydrate inhibition, runway de-icing fluids, and precursor to polymers.
MARKET DYNAMICS
Increasing demand for polyethylene terephthalate (PET) for packaging applications, primarily in the Asia Pacific and Latin America, is expected to remain a key driving factor for the market. The global textile industry's growth is also likely to support the ethylene glycol market development over the forecast period. However, volatile prices and the tight supply of raw materials, on account of frequent fluctuations in crude oil prices, are expected to inhibit the market growth over the forecast period.
MARKET SCOPE
The "Global Ethylene Glycol Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the ethylene glycol market with detailed market segmentation by ethylene glycol. The global ethylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ethylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ethylene glycol market is segmented into product type and application. By product type, the ethylene glycol market is classified into Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG). By application, the ethylene glycol market is classified into PET, Polyester Fibers, Antifreeze, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global ethylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The ethylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ethylene glycol market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the ethylene glycol market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global ethylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The ethylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ethylene glycol market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the ethylene glycol market in these regions.
MARKET PLAYERS
The report covers vital developments in the ethylene glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the ethylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for ethylene glycol in the global market. Below mentioned is the list of few companies engaged in the ethylene glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethylene glycol market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- SABIC
- Dow Chemical Company
- Sinopec
- Shell Chemical
- Formosa Plastics Group
- Honam Petrochemicals
- Ineos
- Nouryon
- ExxonMobil
- Reliance Industries Limited
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ethylene Glycol Market - By Product Type
1.3.2 Ethylene Glycol Market - By Application
1.3.3 Ethylene Glycol Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ETHYLENE GLYCOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ETHYLENE 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. ETHYLENE GLYCOL MARKET - GLOBAL MARKET ANALYSIS
6.1. ETHYLENE GLYCOL - GLOBAL MARKET OVERVIEW
6.2. ETHYLENE GLYCOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ETHYLENE GLYCOL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOETHYLENE GLYCOL (MEG)
7.3.1. Overview
7.3.2. Monoethylene Glycol (MEG) Market Forecast and Analysis
7.4. DIETHYLENE GLYCOL (DEG)
7.4.1. Overview
7.4.2. Diethylene Glycol (DEG) Market Forecast and Analysis
7.5. TRIETHYLENE GLYCOL (TEG)
7.5.1. Overview
7.5.2. Triethylene Glycol (TEG) Market Forecast and Analysis
8. ETHYLENE GLYCOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PET
8.3.1. Overview
8.3.2. PET Market Forecast and Analysis
8.4. POLYESTER FIBERS
8.4.1. Overview
8.4.2. Polyester Fibers Market Forecast and Analysis
8.5. ANTIFREEZE
8.5.1. Overview
8.5.2. Antifreeze Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ETHYLENE GLYCOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ethylene Glycol Market Overview
9.1.2 North America Ethylene Glycol Market Forecasts and Analysis
9.1.3 North America Ethylene Glycol Market Forecasts and Analysis - By Product Type
9.1.4 North America Ethylene Glycol Market Forecasts and Analysis - By Application
9.1.5 North America Ethylene Glycol Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Ethylene Glycol Market
9.1.5.1.1 Canada Ethylene Glycol Market by Product Type
9.1.5.1.2 Canada Ethylene Glycol Market by Application
9.1.5.2 Mexico Ethylene Glycol Market
9.1.5.2.1 Mexico Ethylene Glycol Market by Product Type
9.1.5.2.2 Mexico Ethylene Glycol Market by Application
9.1.5.3 US Ethylene Glycol Market
9.1.5.3.1 US Ethylene Glycol Market by Product Type
9.1.5.3.2 US Ethylene Glycol Market by Application
9.2. EUROPE
9.2.1 Europe Ethylene Glycol Market Overview
9.2.2 Europe Ethylene Glycol Market Forecasts and Analysis
9.2.3 Europe Ethylene Glycol Market Forecasts and Analysis - By Product Type
9.2.4 Europe Ethylene Glycol Market Forecasts and Analysis - By Application
9.2.5 Europe Ethylene Glycol Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ethylene Glycol Market
9.2.5.1.1 Germany Ethylene Glycol Market by Product Type
9.2.5.1.2 Germany Ethylene Glycol Market by Application
9.2.5.2 France Ethylene Glycol Market
9.2.5.2.1 France Ethylene Glycol Market by Product Type
9.2.5.2.2 France Ethylene Glycol Market by Application
9.2.5.3 Italy Ethylene Glycol Market
9.2.5.3.1 Italy Ethylene Glycol Market by Product Type
9.2.5.3.2 Italy Ethylene Glycol Market by Application
9.2.5.4 United Kingdom Ethylene Glycol Market
9.2.5.4.1 United Kingdom Ethylene Glycol Market by Product Type
9.2.5.4.2 United Kingdom Ethylene Glycol Market by Application
9.2.5.5 Russia Ethylene Glycol Market
9.2.5.5.1 Russia Ethylene Glycol Market by Product Type
9.2.5.5.2 Russia Ethylene Glycol Market by Application
9.2.5.6 Rest of Europe Ethylene Glycol Market
9.2.5.6.1 Rest of Europe Ethylene Glycol Market by Product Type
9.2.5.6.2 Rest of Europe Ethylene Glycol Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ethylene Glycol Market Overview
9.3.2 Asia-Pacific Ethylene Glycol Market Forecasts and Analysis
9.3.3 Asia-Pacific Ethylene Glycol Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Ethylene Glycol Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Ethylene Glycol Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ethylene Glycol Market
9.3.5.1.1 Australia Ethylene Glycol Market by Product Type
9.3.5.1.2 Australia Ethylene Glycol Market by Application
9.3.5.2 China Ethylene Glycol Market
9.3.5.2.1 China Ethylene Glycol Market by Product Type
9.3.5.2.2 China Ethylene Glycol Market by Application
9.3.5.3 India Ethylene Glycol Market
9.3.5.3.1 India Ethylene Glycol Market by Product Type
9.3.5.3.2 India Ethylene Glycol Market by Application
9.3.5.4 Japan Ethylene Glycol Market
9.3.5.4.1 Japan Ethylene Glycol Market by Product Type
9.3.5.4.2 Japan Ethylene Glycol Market by Application
9.3.5.5 South Korea Ethylene Glycol Market
9.3.5.5.1 South Korea Ethylene Glycol Market by Product Type
9.3.5.5.2 South Korea Ethylene Glycol Market by Application
9.3.5.6 Rest of Asia-Pacific Ethylene Glycol Market
9.3.5.6.1 Rest of Asia-Pacific Ethylene Glycol Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Ethylene Glycol Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ethylene Glycol Market Overview
9.4.2 Middle East and Africa Ethylene Glycol Market Forecasts and Analysis
9.4.3 Middle East and Africa Ethylene Glycol Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Ethylene Glycol Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Ethylene Glycol Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ethylene Glycol Market
9.4.5.1.1 South Africa Ethylene Glycol Market by Product Type
9.4.5.1.2 South Africa Ethylene Glycol Market by Application
9.4.5.2 Saudi Arabia Ethylene Glycol Market
9.4.5.2.1 Saudi Arabia Ethylene Glycol Market by Product Type
9.4.5.2.2 Saudi Arabia Ethylene Glycol Market by Application
9.4.5.3 U.A.E Ethylene Glycol Market
9.4.5.3.1 U.A.E Ethylene Glycol Market by Product Type
9.4.5.3.2 U.A.E Ethylene Glycol Market by Application
9.4.5.4 Rest of Middle East and Africa Ethylene Glycol Market
9.4.5.4.1 Rest of Middle East and Africa Ethylene Glycol Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Ethylene Glycol Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ethylene Glycol Market Overview
9.5.2 South and Central America Ethylene Glycol Market Forecasts and Analysis
9.5.3 South and Central America Ethylene Glycol Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Ethylene Glycol Market Forecasts and Analysis - By Application
9.5.5 South and Central America Ethylene Glycol Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ethylene Glycol Market
9.5.5.1.1 Brazil Ethylene Glycol Market by Product Type
9.5.5.1.2 Brazil Ethylene Glycol Market by Application
9.5.5.2 Argentina Ethylene Glycol Market
9.5.5.2.1 Argentina Ethylene Glycol Market by Product Type
9.5.5.2.2 Argentina Ethylene Glycol Market by Application
9.5.5.3 Rest of South and Central America Ethylene Glycol Market
9.5.5.3.1 Rest of South and Central America Ethylene Glycol Market by Product Type
9.5.5.3.2 Rest of South and Central America Ethylene Glycol Market by Application
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. ETHYLENE GLYCOL MARKET, KEY COMPANY PROFILES
11.1. DOW CHEMICAL COMPANY
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. EXXONMOBIL
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. FORMOSA PLASTICS GROUP
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. HONAM PETROCHEMICALS
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. INEOS
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. NOURYON
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. RELIANCE INDUSTRIES LIMITED
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. SABIC
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. SHELL CHEMICAL
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. SINOPEC
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.Dow Chemical Company
2.ExxonMobil
3.Formosa Plastics Group
4.Honam Petrochemicals
5.Ineos
6.Nouryon
7.Reliance Industries Limited
8.SABIC
9.Shell Chemical
10.Sinopec
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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