Global Glycol Market Research Report 2024(Status and Outlook)

December 2024 | 149 pages | ID: G726CF7537C3EN
Bosson Research

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Report Overview

Glycol, a versatile organic compound with applications across various industries, plays a crucial role in sectors such as automotive, HVAC, food and beverage, pharmaceuticals, and more. Its key characteristics include its hygroscopic nature, ability to lower the freezing point of water, and its use as a coolant and antifreeze agent. Glycol is positioned as a vital chemical compound that enables the efficient functioning of numerous processes and systems.

The current market size of the glycol market in 2023 stands at approximately USD 4.5 billion. Projected to grow at a Compound Annual Growth Rate (CAGR) of 5.8% from 2024 to 2032, the market is expected to reach USD 7.2 billion by the end of the forecast period. This growth can be attributed to several key drivers and market forces.

One of the primary growth drivers for the glycol market is the increasing demand from the automotive sector, where glycol is extensively used as an antifreeze agent in engine coolants. Additionally, the expanding HVAC industry, driven by rising construction activities globally, further fuels the demand for glycol as a heat transfer fluid. Moreover, the growing food and beverage industry's need for glycol as a refrigerant in cold storage facilities contributes to market growth.

Analyzing market trends, we observe a shift towards bio-based glycols due to the rising environmental concerns and stringent regulations regarding the use of petrochemical-based products. Companies are investing in research and development to innovate bio-based glycols derived from renewable sources such as corn, sugarcane, and algae. This trend aligns with the increasing focus on sustainability and eco-friendly solutions in various industries.

Another notable trend is the adoption of glycol in pharmaceutical formulations, particularly in oral liquids and topical preparations. Glycols such as propylene glycol and polyethylene glycol find extensive usage as solvents, humectants, and preservatives in pharmaceutical products. This trend is driven by the growing pharmaceutical industry and the need for effective drug delivery systems.

In terms of regional market distribution, North America and Europe currently lead the glycol market due to the presence of established automotive, HVAC, and pharmaceutical industries. The dominance of these regions can be attributed to factors such as technological advancements, high disposable incomes, and stringent regulatory frameworks ensuring the quality of glycol-based products.

On the other hand, Asia Pacific is witnessing significant growth in the glycol market, driven by rapid industrialization, urbanization, and infrastructure development. Emerging economies like China and India are key markets for glycol, supported by increasing investments in automotive manufacturing, construction projects, and pharmaceutical developments.

Despite the optimistic market outlook, the glycol industry faces challenges such as price volatility of raw materials, fluctuating crude oil prices impacting production costs, and regulatory hurdles related to environmental sustainability. Companies operating in this market need to navigate these challenges by focusing on innovation, sustainable practices, and strategic partnerships to ensure long-term growth and competitiveness.

This report provides a deep insight into the global Glycol market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Glycol Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Glycol market in any manner.

Global Glycol Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

DowDuPont

BASF

Shell

Huntsman International

SABIC

AkzoNobel

Reliance Industries

MEGlobal

INEOS

SABIC

H.B. Fuller

Jebro

Market Segmentation (by Type)

Ethylene Glycol

Propylene Glycol

Others

Market Segmentation (by Application)

Automotive

HVAC

Textiles

Airline

Medical

Pipeline Maintenance

Polyester Fibers & Resin

Food & Beverage Processing

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Glycol Market
  • Overview of the regional outlook of the Glycol Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Glycol Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.
1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of Glycol
1.2 Key Market Segments
  1.2.1 Glycol Segment by Type
  1.2.2 Glycol Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 GLYCOL MARKET OVERVIEW

2.1 Global Market Overview
  2.1.1 Global Glycol Market Size (M USD) Estimates and Forecasts (2019-2032)
  2.1.2 Global Glycol Sales Estimates and Forecasts (2019-2032)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
2.4 Macroeconomic Analysis

3 GLYCOL MARKET COMPETITIVE LANDSCAPE

3.1 Global Glycol Sales by Manufacturers (2019-2024)
3.2 Global Glycol Revenue Market Share by Manufacturers (2019-2024)
3.3 Glycol Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Glycol Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Glycol Sales Sites, Area Served, Product Type
3.6 Glycol Market Competitive Situation and Trends
  3.6.1 Glycol Market Concentration Rate
  3.6.2 Global 5 and 10 Largest Glycol Players Market Share by Revenue
  3.6.3 Mergers & Acquisitions, Expansion

4 GLYCOL INDUSTRY CHAIN ANALYSIS

4.1 Glycol Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF GLYCOL MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
  5.5.1 New Product Developments
  5.5.2 Mergers & Acquisitions
  5.5.3 Expansions
  5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies

6 GLYCOL MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Glycol Sales Market Share by Type (2019-2024)
6.3 Global Glycol Market Size Market Share by Type (2019-2024)
6.4 Global Glycol Price by Type (2019-2024)

7 GLYCOL MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Glycol Market Sales by Application (2019-2024)
7.3 Global Glycol Market Size (M USD) by Application (2019-2024)
7.4 Global Glycol Sales Growth Rate by Application (2019-2024)

8 GLYCOL MARKET SALES BY REGION

8.1 Global Glycol Sales by Region
  8.1.1 Global Glycol Sales by Region
  8.1.2 Global Glycol Sales Market Share by Region
8.2 Global Glycol Market Size by Region
  8.2.1 Global Glycol Market Size by Region
  8.2.2 Global Glycol Market Size Market Share by Region
8.3 North America
  8.3.1 North America Glycol Sales by Country
  8.3.2 North America Glycol Market Size by Country
  8.3.3 U.S. Market Overview
  8.3.4 Canada Market Overview
  8.3.5 Mexico Market Overview
8.4 Europe
  8.4.1 Europe Glycol Sales by Country
  8.4.2 Europe Glycol Market Size by Country
  8.4.3 Germany Market Overview
  8.4.4 France Market Overview
  8.4.5 U.K. Market Overview
  8.4.6 Italy Market Overview
  8.4.7 Russia Market Overview
8.5 Asia Pacific
  8.5.1 Asia Pacific Glycol Sales by Region
  8.5.2 China
  8.5.3 Japan
  8.5.4 South Korea
  8.5.5 India
  8.5.6 Southeast Asia
8.6 Asia Pacific
  8.6.1 Asia Pacific Glycol Market Size by Region
  8.6.2 Asia Pacific Glycol Market Size by Region
  8.6.3 China
  8.6.4 Japan
  8.6.5 South Korea
  8.6.6 India
  8.6.7 Southeast Asia
8.7 South America
  8.7.1 South America Glycol Sales by Country
  8.7.2 South America Glycol Market Size by Country
  8.7.3 Brazil
  8.7.4 Argentina
  8.7.5 Columbia
8.8 Middle East and Africa
  8.8.1 Middle East and Africa Glycol Sales by Region
  8.8.2 Middle East and Africa Glycol Market Size by Region
  8.8.3 Saudi Arabia
  8.8.4 UAE
  8.8.5 Egypt
  8.8.6 Nigeria
  8.8.7 South Africa

9 GLYCOL MARKET PRODUCTION BY REGION

9.1 Global Production of Glycol by Region (2019-2024)
9.2 Global Glycol Revenue Market Share by Region (2019-2024)
9.3 Global Glycol Production, Revenue, Price and Gross Margin (2019-2024)
9.4 North America Glycol Production
  9.4.1 North America Glycol Production Growth Rate (2019-2024)
  9.4.2 North America Glycol Production, Revenue, Price and Gross Margin (2019-2024)
9.5 Europe Glycol Production
  9.5.1 Europe Glycol Production Growth Rate (2019-2024)
  9.5.2 Europe Glycol Production, Revenue, Price and Gross Margin (2019-2024)
9.6 Japan Glycol Production (2019-2024)
  9.6.1 Japan Glycol Production Growth Rate (2019-2024)
  9.6.2 Japan Glycol Production, Revenue, Price and Gross Margin (2019-2024)
9.7 China Glycol Production (2019-2024)
  9.7.1 China Glycol Production Growth Rate (2019-2024)
  9.7.2 China Glycol Production, Revenue, Price and Gross Margin (2019-2024)

10 KEY COMPANIES PROFILE

10.1 DowDuPont
  10.1.1 DowDuPont Glycol Basic Information
  10.1.2 DowDuPont Glycol Product Overview
  10.1.3 DowDuPont Glycol Product Market Performance
  10.1.4 DowDuPont Business Overview
  10.1.5 DowDuPont Glycol SWOT Analysis
  10.1.6 DowDuPont Recent Developments
10.2 BASF
  10.2.1 BASF Glycol Basic Information
  10.2.2 BASF Glycol Product Overview
  10.2.3 BASF Glycol Product Market Performance
  10.2.4 BASF Business Overview
  10.2.5 BASF Glycol SWOT Analysis
  10.2.6 BASF Recent Developments
10.3 Shell
  10.3.1 Shell Glycol Basic Information
  10.3.2 Shell Glycol Product Overview
  10.3.3 Shell Glycol Product Market Performance
  10.3.4 Shell Glycol SWOT Analysis
  10.3.5 Shell Business Overview
  10.3.6 Shell Recent Developments
10.4 Huntsman International
  10.4.1 Huntsman International Glycol Basic Information
  10.4.2 Huntsman International Glycol Product Overview
  10.4.3 Huntsman International Glycol Product Market Performance
  10.4.4 Huntsman International Business Overview
  10.4.5 Huntsman International Recent Developments
10.5 SABIC
  10.5.1 SABIC Glycol Basic Information
  10.5.2 SABIC Glycol Product Overview
  10.5.3 SABIC Glycol Product Market Performance
  10.5.4 SABIC Business Overview
  10.5.5 SABIC Recent Developments
10.6 AkzoNobel
  10.6.1 AkzoNobel Glycol Basic Information
  10.6.2 AkzoNobel Glycol Product Overview
  10.6.3 AkzoNobel Glycol Product Market Performance
  10.6.4 AkzoNobel Business Overview
  10.6.5 AkzoNobel Recent Developments
10.7 Reliance Industries
  10.7.1 Reliance Industries Glycol Basic Information
  10.7.2 Reliance Industries Glycol Product Overview
  10.7.3 Reliance Industries Glycol Product Market Performance
  10.7.4 Reliance Industries Business Overview
  10.7.5 Reliance Industries Recent Developments
10.8 MEGlobal
  10.8.1 MEGlobal Glycol Basic Information
  10.8.2 MEGlobal Glycol Product Overview
  10.8.3 MEGlobal Glycol Product Market Performance
  10.8.4 MEGlobal Business Overview
  10.8.5 MEGlobal Recent Developments
10.9 INEOS
  10.9.1 INEOS Glycol Basic Information
  10.9.2 INEOS Glycol Product Overview
  10.9.3 INEOS Glycol Product Market Performance
  10.9.4 INEOS Business Overview
  10.9.5 INEOS Recent Developments
10.10 SABIC
  10.10.1 SABIC Glycol Basic Information
  10.10.2 SABIC Glycol Product Overview
  10.10.3 SABIC Glycol Product Market Performance
  10.10.4 SABIC Business Overview
  10.10.5 SABIC Recent Developments
10.11 H.B. Fuller
  10.11.1 H.B. Fuller Glycol Basic Information
  10.11.2 H.B. Fuller Glycol Product Overview
  10.11.3 H.B. Fuller Glycol Product Market Performance
  10.11.4 H.B. Fuller Business Overview
  10.11.5 H.B. Fuller Recent Developments
10.12 Jebro
  10.12.1 Jebro Glycol Basic Information
  10.12.2 Jebro Glycol Product Overview
  10.12.3 Jebro Glycol Product Market Performance
  10.12.4 Jebro Business Overview
  10.12.5 Jebro Recent Developments

11 GLYCOL MARKET FORECAST BY REGION

11.1 Global Glycol Market Size Forecast
11.2 Global Glycol Market Forecast by Region
  11.2.1 North America Market Size Forecast by Country
  11.2.2 Europe Glycol Market Size Forecast by Country
  11.2.3 Asia Pacific Glycol Market Size Forecast by Region
  11.2.4 South America Glycol Market Size Forecast by Country
  11.2.5 Middle East and Africa Forecasted Sales of Glycol by Country

12 FORECAST MARKET BY TYPE AND BY APPLICATION (2025-2032)

12.1 Global Glycol Market Forecast by Type (2025-2032)
  12.1.1 Global Forecasted Sales of Glycol by Type (2025-2032)
  12.1.2 Global Glycol Market Size Forecast by Type (2025-2032)
  12.1.3 Global Forecasted Price of Glycol by Type (2025-2032)
12.2 Global Glycol Market Forecast by Application (2025-2032)
  12.2.1 Global Glycol Sales (K MT) Forecast by Application
  12.2.2 Global Glycol Market Size (M USD) Forecast by Application (2025-2032)

13 CONCLUSION AND KEY FINDINGS


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