Market Insights:
The global Diethylene Glycol (DEG) market was valued at USD 2.52 Bn in 2024 and is anticipated to grow at a CAGR of 4.7% and is expected to reach USD 3.81 Bn by 2032.
Driver:
The increased adoption of Diethylene Glycol (DEG) in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Diethylene Glycol (DEG) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Diethylene Glycol (DEG) in many sectors also boosts the market growth during the forecast period.
Diethylene glycol (DEG, 2,2-oxydiethanol, and glycol ether ether diglycol) is a colourless, odourless liquid with the formula C4H10O3. It is soluble in water as well as many organic compounds. Because of its hygroscopic properties, it is a useful industrial chemical. It is widely used as a raw material in the plastics industry for the production of plasticizers for paper, cork, and synthetic sponges. It is also used in the tobacco industry because of its hygroscopic properties and as a humectant in tobacco production.
Diethylene Glycol (DEG) Market Research Report” was just released by Market Research Community. It is divided into several categories, including End-Use (Plastic Industry, Paints and Coatings, Automotive, Agrochemical, Oil and Gas, Cement Industry, Textiles, Cosmetic and Personal Care, Others), application (Plasticizer, Solvent (Printing Inks, Paint Pigments, Dye Formation), Polyester Resin, Chemical Intermediate (Unsaturated Resin, Thermoplastic Polyurethanes, Polyester Polyols, PEG, TriEG, TetraEG, Emulsifiers, Morpholine), Freezing Point Depressant (Antifreeze Coolant, Heat Transfer Fluids), Lubricant (Glass Cement Grinding, Polishes, Mold Release Agents), Dehydrant, Brake Fluids, Cosmetics & Personal Care, Others) and companies (Tokyo Chemical Industry Co. Ltd, SABIC, Reliance Industries Limited, LyondellBasell Industries NV, DowDuPont Inc., Royal Dutch Shell PLC, Huntsman International LLC, India Glycols Limited, Crystal India, Pon Pure Chemicals, Merck KGaA, Mitsubishi Chemical Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.7 %, over the forecast period of 2024–2032
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 (USD Billion) | 3.81 Billion |
| CAGR (2024-2032) | 4.7 % |
| By End-Use | Plastic Industry, Paints and Coatings, Automotive, Agrochemical, Oil and Gas, Cement Industry, Textiles, Cosmetic and Personal Care, Others. |
| By Application | Plasticizer, Solvent, Polyester Resin, Chemical Intermediate, Freezing Point Depressant, Lubricant, Dehydrant, Brake Fluids, Cosmetics & Personal Care. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Tokyo Chemical Industry Co. Ltd, SABIC, Reliance Industries Limited, LyondellBasell Industries NV, DowDuPont Inc., Royal Dutch Shell PLC, Huntsman International LLC, India Glycols Limited, Crystal India, Pon Pure Chemicals, Merck KGaA, Mitsubishi Chemical Corporation |
Inflation and Ripple Effects:
Diethylene Glycol (DEG) market are the most pressing issue impacting the U.S., Europe and APAC right now is inflation and its ripple effects, including rising costs of goods, services, and labor. Here is how this overarching problem is affecting various industries:
- Consumer Spending: Rising costs are squeezing household budgets, leading to cautious consumer behavior. This affects retail, hospitality, and entertainment sectors as discretionary spending declines.
- Supply Chains: Higher transportation, raw material, and import costs are straining manufacturing, construction, and agriculture. Recent tariffs exacerbate this problem by raising the cost of imported goods and disrupting trade relationships.
- Labor Market: Wage pressures are increasing due to inflation and a tighter job market in some sectors, impacting industries like healthcare, education, and technology. Businesses are struggling to balance higher wages with profitability.
- Financial Sector: Inflation has prompted the Federal Reserve to maintain higher interest rates, which increases borrowing costs for businesses and consumers alike. This slows down investments in sectors like real estate, construction, and startups.
- Energy and Utilities: Elevated energy prices are impacting manufacturing, logistics, and even households, adding to operational costs across all sectors.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Tokyo Chemical Industry Co. Ltd, SABIC, Reliance Industries Limited, LyondellBasell Industries NV, DowDuPont Inc., Royal Dutch Shell PLC, Huntsman International LLC, India Glycols Limited, Crystal India, Pon Pure Chemicals, Merck KGaA, Mitsubishi Chemical Corporation
Market Segment Analysis:
By Application
Plasticizer
Solvent
- Printing Inks
- Paint Pigments
- Dye Formation
Polyester Resin
Chemical Intermediate
- Unsaturated Resin
- Thermoplastic Polyurethanes
- Polyester Polyols
- PEG, TriEG, TetraEG
- Emulsifiers
- Morpholine
Freezing Point Depressant
- Antifreeze Coolant
- Heat Transfer Fluids
Lubricant
- Glass Cement Grinding
- Polishes
- Mold Release Agents
- Dehydrant
- Brake Fluids
- Cosmetics & Personal Care
- Others
By End-Use Industry
- Plastic Industry
- Paints and Coatings
- Automotive
- Agrochemical
- Oil and Gas
- Cement Industry
- Textiles
- Cosmetic and Personal Care
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2024, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Diethylene Glycol (DEG) industries in the region.
Key Diethylene Glycol (DEG) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Diethylene Glycol (DEG) Market segments.
– Largest Market Share Held by Industry to Industry for Diethylene Glycol (DEG)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Diethylene Glycol (DEG) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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