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Diethylene Glycol (DEG) Market Analysis

ID: MRFR/CnM/1181-HCR
116 Pages
Priya Nagrale
October 2025

Diethylene Glycol Market Research Report Information by Application (Plasticizer, Personal Care, Chemical Intermediates, & Polyester Resins), End-Use Industries (Building and Construction, Plastics, Paints and Coatings, & Polymers), and Region—Forecast till 2035

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Market Analysis

In-depth Analysis of Diethylene Glycol (DEG) Market Industry Landscape

The Diethylene Glycol (DEG) market, a vital component in various industries such as petrochemicals, textiles, and automotive, exhibits a dynamic interplay of factors that significantly influence its trajectory. Understanding these market dynamics is crucial for industry stakeholders and participants to navigate challenges and capitalize on opportunities within this specialized chemical market.

Petrochemical Industry Demand:

The dynamics of the DEG market are closely tied to the demand from the petrochemical industry, where DEG serves as a key intermediate for various chemical processes. Fluctuations in petrochemical demand directly impact the dynamics of the DEG market. Polyester Resin Production:

DEG is a critical component in the production of polyester resins used in textiles, packaging, and automotive applications. The dynamics of the DEG market are influenced by trends in polyester resin demand, which, in turn, depend on consumer preferences and industrial applications. Antifreeze and Coolant Formulations:

DEG is widely utilized in antifreeze and coolant formulations for automotive applications. The dynamics of the DEG market are shaped by factors such as automotive production trends, weather conditions, and advancements in antifreeze technology. Plasticizers in Polymer Industry:

DEG serves as a plasticizer in the polymer industry, contributing to the flexibility and durability of plastic products. Market dynamics are influenced by trends in the polymer industry, including demand for flexible packaging and construction materials. Textile Industry Applications:

The textile industry's demand for DEG in the production of polyester fibers and resins impacts market dynamics. Fluctuations in global textile manufacturing, fashion trends, and innovations in textile materials contribute to the dynamics of the DEG market. Supply Chain and Raw Material Prices:

The DEG market dynamics are sensitive to the availability and pricing of raw materials, such as ethylene oxide. Fluctuations in raw material prices and supply chain disruptions can impact production costs and overall market dynamics. Global Economic Conditions:

The DEG market is influenced by global economic conditions, with demand linked to factors such as GDP growth, industrial production, and consumer spending. Economic downturns can lead to reduced demand for DEG-based products, affecting market dynamics. Regulatory Compliance and Environmental Concerns:

Stringent regulatory standards and environmental considerations impact the dynamics of the DEG market. Compliance with safety and environmental regulations, as well as the development of eco-friendly alternatives, contributes to market evolution. Emerging Applications in Pharmaceutical Industry:

The pharmaceutical industry's growing interest in DEG for certain drug formulations influences market dynamics. Innovations and developments in pharmaceutical applications contribute to the expanding use of DEG in this sector. Competitive Landscape and Industry Consolidation:

The dynamics of the DEG market are shaped by the competitive landscape among manufacturers and suppliers. Mergers, acquisitions, and strategic collaborations impact market share, pricing strategies, and overall competitiveness within the DEG industry.

Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

At what CAGR is the Diethylene Glycol (DEG) Market predicted to grow during the forecast period?

Diethylene Glycol (DEG) Market is predicted to grow at 4.8% through forecast period of 2025-2035.

What is the forecast period of Diethylene Glycol (DEG) Market research report?

The forecast period for Diethylene Glycol (DEG) Market research report is 2025-2035.

Which region will lead the Diethylene Glycol (DEG) Market?

Diethylene Glycol (DEG) Market is dominated by APAC region.

Who are the key players in the Diethylene Glycol (DEG) Market?

The major players are India Glycols Limited (India), Crystal India (India), Pon Pure Chemicals (India), Merck KGaA (Germany), Mitsubishi Chemical Corporation (Japan),Tokyo Chemical Industry Co. Ltd (Japan), SABIC (Saudi Arabia), Reliance Industries Limited (India), LyondellBasell Industries NV (Netherlands), DowDuPont Inc. (US), Royal Dutch Shell PLC (Netherlands), Huntsman International LLC (US)

Market Summary

As per Market Research Future Analysis, the global Diethylene Glycol (DEG) market is projected to grow at a CAGR of 4.8% from 2024 to 2032, reaching a value of over USD 400.43 Billion by 2030, up from USD 163.79 Billion in 2022. DEG, a low-viscosity, colorless liquid, is widely used as a solvent in industries such as textiles, paints, and plastics. The COVID-19 pandemic has disrupted production and supply chains, but government investments in R&D are expected to aid recovery. The Asia-Pacific region holds the largest market share, driven by demand in construction and automotive sectors, while Europe and North America follow.

Key Market Trends & Highlights

The Diethylene Glycol market is witnessing significant growth driven by various factors.

  • Market size in 2022: USD 163.79 Billion; projected to reach USD 400.43 Billion by 2030. CAGR during 2024-2032: 4.8%; indicating robust growth potential. Asia-Pacific region holds the largest market share, driven by construction and automotive industries. Increased demand for solvents and plastics is propelling market expansion.

Market Size & Forecast

2022 Market Size USD 163.79 Billion
2030 Market Size USD 400.43 Billion
CAGR 2024-2032 4.8%
Largest Regional Market Asia-Pacific.

Major Players

<p>Key players include India Glycols Limited, Merck KGaA, Mitsubishi Chemical Corporation, SABIC, and DowDuPont Inc.</p>

Market Trends

Diethylene Glycol (DEG) Market Market Drivers

Growth in Textile Industry

The textile industry plays a pivotal role in driving the Global Diethylene Glycol Market Industry. Diethylene glycol is extensively used as a solvent in the production of polyester fibers, which are integral to modern textiles. As global fashion trends evolve and the demand for synthetic fibers rises, the textile sector's consumption of diethylene glycol is likely to increase. This growth is further supported by the expanding middle class in developing regions, which fuels demand for apparel. The Global Diethylene Glycol Market is projected to witness a compound annual growth rate of 9.21% from 2025 to 2035, reflecting the textile industry's significant contribution to market dynamics.

Rising Demand from Automotive Sector

The Global Diethylene Glycol Market Industry experiences a notable surge in demand driven by the automotive sector. Diethylene glycol is utilized in the production of antifreeze and coolant formulations, which are essential for vehicle performance and longevity. As the automotive industry continues to expand, particularly in emerging markets, the need for high-quality cooling agents increases. This trend is expected to contribute significantly to the market's growth, with projections indicating that the Global Diethylene Glycol Market could reach 192.1 USD Billion in 2024. The automotive sector's reliance on diethylene glycol underscores its critical role in ensuring efficient vehicle operation.

Surge in Demand for Personal Care Products

The personal care industry significantly influences the Global Diethylene Glycol Market Industry. Diethylene glycol is utilized in various formulations, including skin care and hair care products, due to its properties as a humectant and solvent. As consumer preferences shift towards high-quality personal care products, the demand for diethylene glycol is likely to rise. The increasing awareness of personal grooming and hygiene, particularly in urban areas, further propels this trend. The market's expansion in this sector suggests a robust growth potential, contributing to the overall market dynamics of diethylene glycol.

Increasing Applications in Chemical Manufacturing

The Global Diethylene Glycol Market Industry benefits from its diverse applications in chemical manufacturing. Diethylene glycol serves as a key intermediate in the production of various chemicals, including plasticizers and resins. The ongoing expansion of the chemical manufacturing sector, particularly in Asia-Pacific, is likely to enhance the demand for diethylene glycol. As industries seek to optimize production processes and improve product quality, the reliance on diethylene glycol as a versatile chemical building block is expected to grow. This trend aligns with the market's projected growth trajectory, potentially reaching 506.2 USD Billion by 2035.

Environmental Regulations and Sustainability Initiatives

The Global Diethylene Glycol Market Industry is also shaped by the increasing emphasis on environmental regulations and sustainability initiatives. As industries strive to reduce their carbon footprint, there is a growing interest in bio-based alternatives to traditional petrochemical products. Diethylene glycol, being a versatile compound, is at the forefront of this transition. Companies are exploring sustainable production methods and eco-friendly applications, which may enhance the market's appeal. This shift towards sustainability is likely to influence consumer preferences and regulatory frameworks, potentially reshaping the landscape of the diethylene glycol market.

Market Segment Insights

Regional Insights

Key Companies in the Diethylene Glycol (DEG) Market market include

Industry Developments

  • December 2021- Reliance Industries Ltd. (RIL), a prominent player in the diethylene glycol production, in association with a partner, are the ones among those bidding to take over bankrupt textile firm Sintex Industries Ltd. RIL is set to collaborate with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries as per the court-designated bankruptcy resolution procedure. Other bidders include Himatsingka Ventures Pvt. and GHCL Ltd. Easygo Textiles Pvt. that is operating with Dinesh Kumar and Shrikant Himatsingka. Sintex Industries said in the filing that the Resolutions Plans received will be examined by the Interim Resolution Professional and then will be brought before the Committee of Creditors for its future approval. This stance by the RIL is only the second time it has shown interest in an insolvent company. Sintex offers fabric to global fashion brands, including Hugo Boss, Burberry, Armani, and Diesel. Aside from the acquisition of marquee Bollywood brand assets abroad lately, RIL has also signed collaborations with numerous luxury international names, including
  • The largest market share in the diethylene glycol market is held by the Asia-Pacific region, as this region is the fastest-growing region. Increasing demand for various end-user industries like automotive, building and construction industry, and many others drives the market growth.
  • Royal Dutch Shell PLC. (Netherlands) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company by increasing the sales revenue.
  • Increasing demand for the automotive industry and textile dyes industry provides various growth opportunities in the European region.
  • All the major market key players are highly investing in new product launches, mergers, and acquisitions, joint ventures.

 

Future Outlook

Diethylene Glycol (DEG) Market Future Outlook

<p>The Global Diethylene Glycol Market is projected to grow at a 9.21% CAGR from 2024 to 2035, driven by increasing demand in automotive and textile applications.</p>

New opportunities lie in:

  • <p>Invest in bio-based diethylene glycol production to cater to sustainability trends. Develop advanced formulations for enhanced performance in industrial applications. Expand distribution networks in emerging markets to capture growing demand.</p>

<p>By 2035, the market is expected to demonstrate robust growth, positioning itself as a key player in various industrial sectors.</p>

Market Segmentation

Report Scope

Attribute/MetricDetails
  Market Size  2030 : USD 400.43 Billion
  CAGR  CAGR of 4.8% (2024-2032)
  Base Year  2023
  Forecast Period  2024 to 2032
  Historical Data  2019 & 2020
  Forecast Units  Value (USD Billion)
  Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered  Application, End-Use Industries
  Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors  India Glycols Limited (India),Crystal India (India),Pon Pure Chemicals (India),Merck KGaA (Germany),Mitsubishi Chemical Corporation (Japan),Tokyo Chemical Industry Co. Ltd (Japan),SABIC (Saudi Arabia),Reliance Industries Limited (India),LyondellBasell Industries NV (Netherlands),DowDuPont Inc. (US),Royal Dutch Shell PLC (Netherlands),Huntsman International LLC (US)
  Key Market Opportunities  derivates and wide usage of patent registrations
  Key Market Drivers  increased demand for cement and paints

FAQs

At what CAGR is the Diethylene Glycol (DEG) Market predicted to grow during the forecast period?

Diethylene Glycol (DEG) Market is predicted to grow at 4.8% through forecast period of 2025-2035.

What is the forecast period of Diethylene Glycol (DEG) Market research report?

The forecast period for Diethylene Glycol (DEG) Market research report is 2025-2035.

Which region will lead the Diethylene Glycol (DEG) Market?

Diethylene Glycol (DEG) Market is dominated by APAC region.

Who are the key players in the Diethylene Glycol (DEG) Market?

The major players are India Glycols Limited (India), Crystal India (India), Pon Pure Chemicals (India), Merck KGaA (Germany), Mitsubishi Chemical Corporation (Japan),Tokyo Chemical Industry Co. Ltd (Japan), SABIC (Saudi Arabia), Reliance Industries Limited (India), LyondellBasell Industries NV (Netherlands), DowDuPont Inc. (US), Royal Dutch Shell PLC (Netherlands), Huntsman International LLC (US)

  1. Executive Summary
  2. Scope of the Report
    1. Market Definition
    2. Scope of the Study
      1. Research Objectives
      2. Assumptions & Limitations
    3. Markets Structure
  3. Market Research Methodology
    1. Research Process
    2. Secondary Research
    3. Primary Research
    4. Forecast Model
  4. Market Landscape
    1. Porter’s Five Forces Analysis
      1. Threat of New Entrants
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Segment Rivalry
    2. Value Chain/Supply Chain of Diethylene Glycol Market
  5. Industry Overview of Diethylene Glycol Market
    1. Introduction
    2. Growth Drivers
    3. Impact Analysis
    4. Market Challenges
  6. Market Trends
    1. Introduction
    2. Growth Trends
    3. Impact Analysis
  7. Diethylene Glycol Market, by Application
    1. Introduction
    2. Plasticizer
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    3. Chemical Intermediates
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    4. Solvent
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    5. Polyester Resins
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    6. Personal Care
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
  8. Diethylene Glycol Market, by End-Use Industry
    1. Introduction
    2. Building and Construction
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    3. Paints and Coatings
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    4. Chemicals
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    5. Polymers
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
    6. Others
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Region, 2020–2027
  9. Diethylene Glycol Market, by Region
    1. Introduction
    2. North America
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Application, 2020–2027
      3. Market Estimates & Forecast, by End-Use Industry, 2020–2027
      4. US
      5. Canada
    3. Europe
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Application, 2020–2027
      3. Market Estimates & Forecast, by End-Use Industry, 2020–2027
      4. Germany
      5. France
      6. Italy
      7. Spain
      8. UK
      9. Russia
      10. Poland
    4. Asia-Pacific
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Application, 2020–2027
      3. Market Estimates & Forecast, by End-Use Industry, 2020–2027
      4. China
      5. India
      6. Japan
      7. Australia
      8. New Zealand
      9. Rest of Asia-Pacific
    5. Middle East & Africa
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Application, 2020–2027
      3. Market Estimates & Forecast, by End-Use Industry, 2020–2027
      4. Turkey
      5. Israel
      6. North Africa
      7. GCC
      8. Rest of the Middle East & Africa
    6. Latin America
      1. Market Estimates & Forecast, 2020–2027
      2. Market Estimates & Forecast, by Applications, 2020–2027
      3. Market Estimates & Forecast, by End-Use Industry, 2020–2027
      4. Brazil
      5. Argentina
      6. Mexico
      7. Rest of Latin America
  10. Company Landscape
  11. Company Profiles
    1. Royal Dutch Shell PLC
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    2. Huntsman International LLC
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    3. The Dow Chemical Company
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    4. LyondellBasell Industries NV
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    5. Reliance Industries Limited
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    6. SABIC
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    7. Tokyo Chemical Industry Co. Ltd
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    8. Mitsubishi Chemical Corporation
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    9. Merck KGaA
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    10. Pon Pure Chemicals
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    11. Crystal India
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    12. India Glycols Limited
      1. Company Overview
      2. Applications/Business Segment Overview
      3. Financial Updates
      4. Key Developments
  12. Conclusion
  13. LIST OF TABLES
  14. World Population in Major Regions (2020–2030)
  15. Diethylene Glycol Market, by Region, 2020–2027
  16. North America: Diethylene Glycol Market, by Country, 2020–2027
  17. Europe: Diethylene Glycol Market, by Country, 2020–2027
  18. Asia-Pacific: Diethylene Glycol Market, by Country, 2020–2027
  19. Middle East & Africa: Diethylene Glycol Market, by Country, 2020–2027
  20. Latin America: Diethylene Glycol Market, by Country, 2020–2027
  21. Diethylene Glycol by Application Market, by Region, 2020–2027
  22. North America: Diethylene Glycol by Application Market, by Country, 2020–2027
  23. Europe: Diethylene Glycol by Application Market, by Country, 2020–2027
  24. Asia-Pacific: Diethylene Glycol by Application Market, by Country, 2020–2027
  25. Middle East & Africa: Diethylene Glycol by Application Market, by Country, 2020–2027
  26. Latin America: Diethylene Glycol by Application Market, by Country, 2020–2027
  27. North America: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027
  28. Europe: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027
  29. Asia-Pacific: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027
  30. Middle East & Africa: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027
  31. Latin America: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027
  32. Global Application Market, by Region, 2020–2027
  33. Global End-Use Industry Market, by Region, 2020–2027
  34. North America: Diethylene Glycol Market, by Country, 2020–2027
  35. North America: Diethylene Glycol Market, by Application, 2020–2027
  36. North America: Diethylene Glycol Market, by End-Use Industry, 2020–2027
  37. Europe: Diethylene Glycol Market, by Country, 2020–2027
  38. Europe: Diethylene Glycol Market, by Application, 2020–2027
  39. Europe: Diethylene Glycol Market, by End-Use Industry, 2020–2027
  40. Asia-Pacific: Diethylene Glycol Market, by Country, 2020–2027
  41. Asia-Pacific: Diethylene Glycol Market, by Application, 2020–2027
  42. Asia-Pacific: Diethylene Glycol Market, by End-Use Industry, 2020–2027
  43. Middle East & Africa: Diethylene Glycol Market, by Country, 2020–2027
  44. Middle East & Africa: Diethylene Glycol Market, by Application, 2020–2027
  45. Middle East & Africa: Diethylene Glycol Market, by End-Use Industry, 2020–2027
  46. Latin America: Diethylene Glycol Market, by Country, 2020–2027
  47. Latin America: Diethylene Glycol Market, by Application, 2020–2027
  48. Latin America: Diethylene Glycol Market, by End-Use Industry, 2020–2027
  49. LIST OF FIGURES
  50. Diethylene Glycol Market Segmentation
  51. Forecast Methodology
  52. Porter’s Five Forces Analysis of Diethylene Glycol Market
  53. Value Chain of Diethylene Glycol Market
  54. Share of Diethylene Glycol Market in 2020, by Country (in %)
  55. Diethylene Glycol Market, 2020–2027,
  56. Sub-Segments of Application
  57. Diethylene Glycol Market Size, by Application, 2020
  58. Share of Diethylene Glycol Market, by Application, 2020–2027
  59. Sub-Segments of End-Use Industry
  60. Diethylene Glycol Market Size, by End-Use Industry, 2020
  61. Share of Diethylene Glycol Market, by End-Use Industry, 2020–2027

Diethylene Glycol (DEG) Market Segmentation

Market Segmentation Overview

  • Detailed segmentation data will be available in the full report
  • Comprehensive analysis by multiple parameters
  • Regional and country-level breakdowns
  • Market size forecasts by segment
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