The US Mono Ethylene Glycol Market Size was estimated at 8.14 (USD Billion) in 2023. The US Mono Ethylene Glycol Industry is expected to grow from 9.5(USD Billion) in 2024 to 18 (USD Billion) by 2035. The US Mono Ethylene Glycol Market CAGR (growth rate) is expected to be around 5.982% during the forecast period (2025 - 2035).
The US Mono Ethylene Glycol market is experiencing various key trends driven by the increasing demand for antifreeze and coolant products, which are widely used in automotive applications. The automotive industry in the US is recovering and expanding, leading to a higher consumption of monoethylene glycol (MEG) as a vital component in manufacturing antifreeze solutions. Additionally, the growth of the construction sector, particularly in plumbing and HVAC systems, is further propelling the use of MEG in producing various construction materials. With ongoing innovations in production techniques, companies are exploring production methods that minimize environmental impact. Opportunities in the US market are significant as key players seek to invest in sustainable production practices and bio-based alternatives to traditional MEG. The regulatory landscape in the US encourages the development of greener products, presenting a chance for manufacturers to leverage eco-friendly solutions that align with market demands and consumer preferences. Furthermore, the shift towards electric vehicles, which still require effective cooling systems, emphasizes the continuous need for MEG products in this transition, as manufacturers must adapt to new vehicle technologies. Recent times have shown a noteworthy trend toward increased awareness of sustainability and environmental impacts within the US market.Consumers and businesses are more inclined to support products that are environmentally friendly, prompting manufacturers to explore alternative feedstocks for MEG and focus on recycling technologies. Moreover, collaborations between chemical companies and research institutions are rising to innovate and improve MEG production efficiency. These trends reflect a collective movement towards sustainability while ensuring the stability and growth of the Mono Ethylene Glycol market in the US.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Mono Ethylene Glycol Market Industry is significantly driven by the increasing demand for automotive antifreeze and coolant products, which have Mono Ethylene Glycol as a critical component. According to data from the American Automobile Association (AAA), vehicle ownership in the United States has risen steadily, with approximately 270 million registered vehicles in 2021. This uptick in vehicle registration correlates with a growing need for automotive fluids, including antifreeze.Furthermore, the introduction of stricter vehicle emission regulations by the Environmental Protection Agency (EPA) is enhancing the focus on long-lasting engine coolants, which is expected to further bolster the demand for Mono Ethylene Glycol in the forthcoming years. This strategic shift within the automotive industry indicates a robust market potential, driving the US Mono Ethylene Glycol Market towards a positive growth trajectory in the long run.
The growth of the beverage industry, particularly the production of polyethylene terephthalate (PET) plastic, is another prominent driver for the US Mono Ethylene Glycol Market Industry. With the US beverage market valued at approximately 223 billion USD in 2022, the demand for PET, which relies on Mono Ethylene Glycol for its production, is on the rise. Key players in the beverage sector, such as Coca-Cola and PepsiCo, are investing in expanding their production capabilities to meet consumer preferences for bottled beverages.The increase in PET production is expected to create a corresponding surge in demand for Mono Ethylene Glycol, thereby promoting market growth. Additionally, initiatives for recycling PET bottles are also contributing positively to the demand for Mono Ethylene Glycol.
The US textile industry has been witnessing a significant resurgence, with the value of textile and apparel shipments exceeding 76 billion USD in 2022. This revamping of the textile industry is driving the demand for polyester fibers, which are manufactured using Mono Ethylene Glycol. Established companies such as DuPont and Eastman Chemical Company have been actively involved in advancing sustainable polyester production, which inherently utilizes Mono Ethylene Glycol.The growing trend towards sustainable textiles and an increase in apparel exports from the US are projected to further escalate the demand for Mono Ethylene Glycol, thereby invigorating the overall market.
The push towards renewable energy solutions across the United States is emerging as a key driver for the US Mono Ethylene Glycol Market Industry. The U.S. Department of Energy has reported a significant increase in investments in renewable energy, with a target of achieving 100% clean energy by 2035. This shift includes the utilization of Mono Ethylene Glycol in various applications such as solar energy and battery production. Key renewable energy companies are increasingly focusing on innovative technologies that incorporate the use of Mono Ethylene Glycol, creating growth opportunities within the market.This trend towards sustainability not only enhances the demand for Mono Ethylene Glycol but also aligns with the broader objective of reducing carbon footprints across industries.
The Technology segment of the US Mono Ethylene Glycol Market plays a vital role in shaping the overall dynamics of this industry. The market is characterized by various methodologies of production, predominantly classified into Gas-Based, Naphtha-Based, Coal-Based, and Bio-Based technologies. Each of these production methods brings its own unique advantages and contributes to the overall efficiency and sustainability of the manufacturing process. In particular, Gas-Based methods are often recognized for their higher energy efficiency and lower environmental impact, which makes them a preferred choice in some sectors.On the other hand, Naphtha-Based processes tend to dominate due to the availability of naphtha derived from petroleum refining, making it a reliable and cost-effective raw material in the United States. Although Coal-Based production methods may present concerns regarding emissions, they can be significant in regions with abundant coal resources, unlocking economic potential while satisfying domestic production needs. The emergence of Bio-Based technologies reflects a growing trend towards sustainability, driven by regulatory frameworks and consumer demand for environmentally friendly products.This technology adopts renewable feedstock, showcasing the industry's commitment to reducing its carbon footprint and aligning with government initiatives aimed at promoting green manufacturing practices. Each production technology exhibits unique characteristics that cater to varying market demands, influenced by factors such as cost-effectiveness, environmental regulations, and resource availability. Overall, the effective implementation of these technological approaches ensures the US Mono Ethylene Glycol Market remains adaptive and competitive, driving innovations while addressing changing consumer preferences and compliance with evolving regulatory standards.The ongoing advancements and diversification in the technology segment pave the way for targeted growth strategies, helping companies to capture opportunities in various sectors that utilize monoethylene glycol, ranging from automotive antifreeze and industrial applications to textiles and packaging materials. With the initiatives being taken towards cleaner technologies and enhanced production processes, the Technology segment is poised to play a critical role in the future landscape of the US Mono Ethylene Glycol Market. Notably, this segmentation’s ability to pivot in response to market trends represents a crucial factor in the overall growth strategy for the industry, ensuring the continuous evolution and adaptability of the supply chain in a competitive environment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Function segment of the US Mono Ethylene Glycol Market plays a crucial role in various applications, significantly influencing the overall market dynamics. This segment encompasses several key areas, including Chemical Intermediate, Solvent Coupler, Solvent, and Humectant, each offering unique benefits that cater to diverse industrial needs. Mono Ethylene Glycol is primarily used as a Chemical Intermediate in the production of antifreeze and plastics, making it integral to automotive and manufacturing sectors. The Solvent Coupler function facilitates the blending of ingredients in products, enhancing their efficacy and usability, particularly in paint and coating applications.Meanwhile, the Solvent category is essential for formulations that require effective dissolution properties, aiding industries such as personal care and cleaning products. Lastly, the Humectant function is vital in food and cosmetic applications, helping to retain moisture and improve shelf life. The growth drivers for this segment include rising demand from end-user industries and increasing awareness of environmentally friendly products, while challenges may arise from fluctuating raw material prices and regulatory hurdles. Overall, the Function segment in the US Mono Ethylene Glycol Market is characterized by versatility and adaptability, positioning it as a significant contributor to market growth and innovation.
The US Mono Ethylene Glycol Market segment focused on Application showcases significant growth and diversity, reflecting the robust demand for this essential chemical across various industries. The major applications include Polyester Fiber, PET Products, Antifreeze Coolant, and Industrial uses, with each segment contributing uniquely to the overall market dynamics. Polyester Fiber stands out as a key driver, given its extensive use in textiles and apparel, reflecting increasing consumer preferences for synthetic materials. Meanwhile, PET Products leverage Mono Ethylene Glycol in the production of bottles and containers, aligning with the ongoing trend toward lightweight and recyclable packaging.The Antifreeze Coolant application benefits from a surge in automotive and industrial maintenance, especially as environmental regulations necessitate the use of efficient and eco-friendly coolant solutions. Additionally, the Industrial segment highlights the versatility of Mono Ethylene Glycol in manufacturing processes, serving as a solvent and heat transfer fluid. The collective growth of these applications is driven by advancements in technology, changing consumer behavior, and a focus on sustainability, presenting ample opportunities within the US market landscape.
The US Mono Ethylene Glycol Market is characterized by a blend of established companies and emerging players, creating a competitive landscape that is dynamic and constantly evolving. The market has witnessed fluctuations in demand driven by various end-use industries including automotive, textiles, and electronics, which depend heavily on monoethylene glycol as a key chemical intermediate. Competition is typically influenced by changing regulations, technological advancements, and variations in raw material prices. Players in this space are focusing on sustainability and innovative processes to enhance efficiency and minimize environmental impacts. The increased emphasis on bio-based products and eco-friendly manufacturing practices is also shaping competition within the market, compelling companies to adapt their strategies to maintain a competitive edge.Indorama Ventures has a significant presence in the US Mono Ethylene Glycol Market, leveraging its extensive production capabilities and established distribution networks. The company’s strengths lie in its large-scale manufacturing facilities which allow for cost efficiencies and the ability to meet customer demand swiftly. The company is recognized for its commitment to sustainability, investing in technologies that reduce energy consumption and carbon footprints during production. Its strategic approach to mergers and acquisitions has enabled Indorama Ventures to expand its operational footprint and product offerings, further consolidating its position in the market. By prioritizing customer relationships and responding proactively to market needs, Indorama Ventures has effectively positioned itself as a key player in the competitive landscape.Oxiteno is also a notable participant in the US Mono Ethylene Glycol Market, with a focus on providing high-quality products tailored to various industrial applications. The company has capitalized on its technical expertise and research capabilities to deliver innovative solutions, which has contributed to its strong market presence. Oxiteno emphasizes customer service and product customization, allowing it to cater effectively to the unique requirements of different sectors. The business operates several strategically located facilities that enhance its supply chain efficiency and responsiveness to market changes. While Oxiteno has also engaged in mergers and acquisitions to bolster its competitive standing, its investment in developing new products that align with industry trends further reinforces its strength in the market, representing a comprehensive approach to growth and sustainability in the US Mono Ethylene Glycol Market.
The US Mono Ethylene Glycol Market has seen significant developments in recent months, particularly with companies such as Indorama Ventures and ExxonMobil expanding their production capabilities to meet rising demand from downstream applications. In September 2023, Indorama Ventures announced plans to enhance its manufacturing facility in Texas, resulting in a projected increase in output. Current affairs indicate a surge in demand driven by sectors such as automotive and textiles, thus elevating the need for Mono Ethylene Glycol. Furthermore, in July 2023, ExxonMobil revealed its intentions to acquire a facility from Sabic, enhancing its market standing and ensuring a more robust supply chain integration. Over the past few years, there has been a steady growth in valuation for key players within the market; for example, the investments from Dow and BASF have positioned them favorably amid increasing competitive pressures. The market dynamics have also been influenced by fluctuating raw material prices and regulatory changes focused on environmental sustainability. Overall, these factors illustrate ongoing shifts and opportunities within the US Mono Ethylene Glycol sector, showcasing resilience and adaptation to market needs.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 8.14(USD Billion) |
| MARKET SIZE 2024 | 9.5(USD Billion) |
| MARKET SIZE 2035 | 18.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.982% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Indorama Ventures, Oxiteno, Shell, Chinese National Petroleum Corporation, ExxonMobil, Reliance Industries, BASF, Mitsubishi Chemical, SABIC, Eastman Chemical, Formosa Plastics, Sinochem International, Lotte Chemical, Dow, Huntsman Corporation |
| SEGMENTS COVERED | Technology, Function, Application |
| KEY MARKET OPPORTUNITIES | Increasing demand from automotive sector, Growth in antifreeze applications, Expansion in PET production capacity, Rising adoption in industrial applications, Increased focus on sustainable products |
| KEY MARKET DYNAMICS | Increasing demand from textiles, Growth in automotive applications, Rising industrial production, Fluctuating crude oil prices, Environmental regulations on production |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Mono Ethylene Glycol Market is expected to be valued at 9.5 USD Billion in 2024.
By 2035, the US Mono Ethylene Glycol Market is projected to reach a value of 18.0 USD Billion.
The expected CAGR for the US Mono Ethylene Glycol Market from 2025 to 2035 is 5.982%.
In 2024, the naphtha-based segment is expected to have the largest market share at 4.0 USD Billion.
The gas-based segment is projected to grow to 6.0 USD Billion by 2035.
Major players in the US Mono Ethylene Glycol Market include Indorama Ventures, Shell, and ExxonMobil, among others.
The coal-based segment is expected to reach a market size of 2.8 USD Billion by 2035.
The bio-based mono ethylene glycol segment is anticipated to grow to 1.2 USD Billion by 2035.
Opportunities exist in rising applications across various industries, including automotive and textiles.
The market is actively adapting to global supply chain dynamics and shifts in demand driven by economic factors.
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