Glycol Global Market Report 2025

Glycols are a category of alcohol-related chemical compounds utilized as antifreeze, a liquid that reduces the freezing point of water. Glycols possess the ability to absorb and release substantial amounts of heat without undergoing a change in temperature. The primary purpose of glycols is to prevent systems from freezing while maintaining a cold temperature.

The principal types of glycols include ethylene glycol, propylene glycol, and others. Ethylene glycol, a member of the glycol family of chemical compounds, is a tasteless, colorless, and minimally viscous liquid. Glycols find applications in various sectors, serving purposes such as antifreeze and coolants, production of polyester fibers, manufacturing PET bottles and packaging, acting as solvents and humectants, serving as dehydrating agents, and functioning as chemical intermediates. These glycols cater to diverse end-users, including the automotive and transportation industry, packaging sector, food and beverage industry, cosmetics, textiles, and others.

The glycol market research report is one of a series of new reports from The Business Research Company that provides glycol market statistics, including glycol industry global market size, regional shares, competitors with a glycol market share, detailed glycol market segments, market trends and opportunities, and any further data you may need to thrive in the glycol industry. This glycol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The glycol market size has grown strongly in recent years. It will grow from $42.23 billion in 2024 to $45.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to industrial growth and expansion, urbanization and infrastructure development, automotive industry growth, refrigeration and air conditioning, consumer product manufacturing

The glycol market size is expected to see strong growth in the next few years. It will grow to $62.02 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to focus on renewable feedstocks, growing demand for bio-based glycols, rising demand in hvac systems, expansion of LNG infrastructure, electronics industry growth. Major trends in the forecast period include technological advancements in glycol production, circular economy initiatives, smart glycol solutions, increased collaboration in research and development, glycol for energy storage.

The expanding automotive industry is anticipated to drive growth in the glycol market in the future. This industry encompasses the development, production, marketing, and sale of motor vehicles, including automobiles, trucks, motorcycles, and other vehicles. Glycol is commonly used as a key component in engine coolants and antifreeze formulations within the automotive sector. It plays a crucial role in regulating engine temperature, helping to prevent overheating in warm weather and freezing in cold conditions. For example, in March 2024, the European Automobile Manufacturers' Association, a Belgium-based vehicle industry association, reported that the EU car market saw substantial growth in 2023, increasing by 13.9% compared to 2022, with a total volume of 10.5 million units. Therefore, the growth of the automotive industry is positively impacting the glycol market.

The growing use of cosmetics is projected to drive the growth of the glycol market. Cosmetics encompass a wide variety of products applied to the body, face, hair, or nails to enhance or modify appearance. The cosmetics industry utilizes glycol for its multifunctional properties as a solvent, humectant, and viscosity regulator, which are essential in the formulation of skincare and beauty products. For example, in June 2022, Common Thread Collective, a US-based digital marketing agency, reported that the global market value for natural cosmetics rose significantly from $42.3 billion in 2022 to $44.5 billion in 2023, indicating an increasing consumer demand for natural products. Consequently, the rising use of cosmetics is fueling the growth of the glycol market.

The glycol market is witnessing a key trend of product innovations, with companies in the sector focusing on the development of new products and solutions to maintain their market positions. A notable example is Valvoline Inc., a manufacturer of automotive oil, additives, and lubricants, which introduced Valvoline Advanced Coolant in August 2022. This glycol-based full-antifreeze coolant is designed to provide protection in extreme hot and cold climate conditions, guarding against overheating and freezing to ensure optimal engine performance. The coolant is backward compatible with all cooling systems utilizing OAT coolants, featuring a sophisticated formulation with ethylene glycol that employs non-depleting organic-acid technology to potentially extend engine life, making it suitable for challenging conditions.

Major players in the glycol market are strategically partnering to incorporate PET glycol (PETG) resin, accelerating the integration of renewable materials into plastic applications. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, UPM Biochemicals GmbH, a chemical company based in Germany, partnered with Selenis NA, a U.S.-based plastics resin manufacturer, in June 2023. The collaboration aims to produce sustainable PETG (polyethylene terephthalate glycol) using forest-sourced materials from Germany for plastic packaging applications, contributing to carbon emission reduction.

In July 2024, Technip Energies, a France-based petrochemical technology firm, acquired Shell for an undisclosed amount. This acquisition is intended to bolster Technip Energies' commercialization of its Bio-2-Glycols technology, which produces bio-based Mono Ethylene Glycol (MEG) from glucose. This advancement will facilitate the creation of sustainable polyester solutions as alternatives to fossil-based feedstocks. Shell, based in the Netherlands, is an energy company engaged in oil and gas exploration.

Major companies operating in the glycol market include ADEKA Corporation, Shell Plc, Chevron Phillips Chemical Company, Mitsubishi Chemical Corporation, The Archer-Daniels-Midland Company, Repsol S.A., The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., Global Bio-chem Technology Group Company Limited, Honeywell International Inc., Sumitomo Chemical Co. Ltd., INEOS Group Limited, Indorama Ventures, LOTTE Chemical Corporation, Solvay SA, Mitsui Chemicals Inc., DuPont, Akzo Nobel, Eastman Chemical Company, Celanese Corporation, Lanxess AG, Huntsman International LLC, Formosa Plastics Corporation, Nouryon Chemicals, Clariant AG, BASF SE, India Glycols Limited, SKC Inc., Meglobal International fze

Asia-Pacific was the largest region in the glycol market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the glycol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The glycol market consists of sales of hydraulic brake fluids, certain stamp pad inks, ballpoint pens, solvents, paints, plastics, films, and cosmetics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Glycol Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on glycol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for glycol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The glycol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Ethylene Glycol; Propylene Glycol; Other Types
• 2) By Application: Antifreeze And Coolants; Polyester Fiber Production; PET Bottles And Packaging; Solvents And Humectants; Dehydrating Agent; Chemical Intermediates
• 3) By End User: Automotive And Transportation; Packaging; Food And Beverage; Cosmetics; Textile; Other End-Users
• Subsegments:
• 1) By Ethylene Glycol: Monoethylene Glycol (MEG); Diethylene Glycol (DEG); Triethylene Glycol (TEG)
• 2) By Propylene Glycol: Industrial Grade Propylene Glycol; Food Grade Propylene Glycol; Pharmaceutical Grade Propylene Glycol
• 3) By Other Types: Butylene Glycol; Glycerin; Sorbitol
• Companies Mentioned: ADEKA Corporation; Shell Plc; Chevron Phillips Chemical Company; Mitsubishi Chemical Corporation; The Archer-Daniels-Midland Company
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.