"The Global Glycol Market was valued at USD 39.63 billion in 2025 and is projected to reach USD 79.65 billion by 2034, growing at a CAGR of 8.06%."
The glycol market is a vital part of the global chemical industry, encompassing compounds such as ethylene glycol, propylene glycol, and polyethylene glycol, each with diverse industrial and commercial applications. Ethylene glycol is widely used as an antifreeze agent and as a key feedstock in polyester fibers and polyethylene terephthalate (PET) resins, which are integral to textiles, packaging, and plastic bottles. Propylene glycol, recognized for its lower toxicity, is extensively used in pharmaceuticals, cosmetics, and food products as a solvent and stabilizer. Polyethylene glycol is highly valued in medical, personal care, and industrial applications for its solubility and compatibility with other compounds. Growing industrialization, the rising demand for packaging materials, and the expansion of the automotive and construction industries are creating a strong foundation for market growth. Additionally, technological advancements in production and the emergence of bio-based glycols are reshaping the market landscape, aligning the industry with sustainability and environmental regulations.
The overall outlook for the glycol market reflects a balance of rising opportunities and evolving challenges. The automotive sector continues to be a primary driver, as glycol-based antifreeze and coolants are essential for efficient vehicle operation, while the textile industry relies heavily on polyester production derived from ethylene glycol. At the same time, the demand for eco-friendly and low-toxicity propylene glycol in food and personal care applications is expanding significantly. The Asia Pacific region is emerging as the fastest-growing market, supported by rapid industrialization, increasing population, and high consumption of textiles and packaged goods. Meanwhile, North America and Europe are leading innovation with bio-based and recycled glycol solutions, driven by strict environmental standards and green initiatives. As industries continue to diversify glycol applications, the market is expected to advance steadily, with new product developments, strategic investments, and sustainability efforts shaping its future trajectory across both developed and emerging economies.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Type ,By Application ,By End User |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America Glycol Market Analysis
The North American glycol market is experiencing consistent growth, supported by strong demand across pharmaceuticals, cosmetics, and industrial applications. Polyethylene glycol is widely used in medical formulations and drug delivery systems, while propylene glycol remains vital in antifreeze, HVAC, and food-grade products. The push for bio-based glycols is gaining momentum as regulatory bodies emphasize sustainability and stricter environmental standards. Companies in the region are investing in greener production technologies and expanding their product portfolios to cater to evolving consumer preferences. With innovation and sustainable practices driving development, North America presents lucrative opportunities for businesses targeting healthcare, automotive, and specialty chemicals markets.
Asia Pacific Glycol Market Analysis
Asia Pacific is the fastest-growing region in the glycol market, fueled by rapid industrialization, infrastructure expansion, and high consumption across textiles, automotive, and packaging sectors. China and India are leading contributors, with growing demand for polyethylene glycol in pharmaceuticals, cosmetics, and industrial coatings, while propylene glycol supports food, beverage, and antifreeze markets. Rising focus on renewable feedstocks and bio-based glycol production aligns with increasing environmental awareness, creating significant opportunities for innovation and expansion. The region’s manufacturing capabilities and large consumer base make it a highly attractive market, with both local and global companies competing to capture growth in diversified end-use industries.
Europe Glycol Market Analysis
Europe’s glycol market is shaped by sustainability regulations, technological innovation, and rising demand across healthcare and industrial sectors. Polyethylene glycol remains critical in pharmaceuticals and personal care applications, while propylene glycol sees continued use in HVAC systems, food processing, and chemical formulations. The region’s focus on green chemistry and circular economy practices is driving investments in bio-based and recycled glycols, reducing environmental impact and enhancing market competitiveness. Companies are actively pursuing low-carbon production methods and new formulations to align with strict regulatory frameworks. This dynamic shift toward sustainable practices, combined with steady industrial demand, makes Europe a highly strategic market for glycol producers.
Key Market Insights
- The glycol market is heavily driven by the wide application of ethylene glycol in polyester fiber and PET resin production. These materials form the backbone of the textile and packaging industries, and rising global demand for synthetic fibers and plastic bottles continues to push consumption upward, particularly in fast-growing economies.
- Propylene glycol is witnessing increasing adoption due to its lower toxicity compared to ethylene glycol, making it suitable for applications in food, beverages, pharmaceuticals, and cosmetics. Its role as a solvent, stabilizer, and humectant is gaining importance in sectors emphasizing safety and consumer health.
- The automotive sector remains a critical driver of glycol demand, with antifreeze and coolant applications being indispensable. As global vehicle ownership rises and electric vehicles integrate advanced cooling systems, the reliance on glycol-based products for performance and safety is expected to intensify.
- Sustainability is becoming a central theme in the glycol market, with bio-based glycols gaining traction as industries move toward reducing carbon footprints. Companies are investing in renewable feedstocks and cleaner production methods to meet stringent environmental regulations and consumer expectations for eco-friendly solutions.
- Asia Pacific dominates the glycol market due to its strong industrial base, rapid urbanization, and high consumption in textiles, packaging, and automotive sectors. Countries like China and India are key growth engines, offering lucrative opportunities for producers and exporters to strengthen their market presence.
- North America and Europe are focusing on advanced technologies and bio-based glycol production, leveraging strong regulatory frameworks and high levels of innovation. These regions are also investing in recycling initiatives, ensuring resource efficiency and reducing dependency on conventional petrochemical routes.
- The pharmaceutical and healthcare industries are expanding their use of polyethylene glycol in drug formulations, excipients, and medical preparations. Its compatibility, solubility, and safety profile are making it an essential ingredient, further driving demand in the life sciences sector.
- Volatility in crude oil prices poses challenges for the glycol market, as petrochemical feedstocks remain the dominant source for production. Price fluctuations directly affect profit margins and competitiveness, pushing companies to diversify into alternative sources such as biomass and waste-derived inputs.
- Technological advancements in production processes, such as energy-efficient electrolysis and catalytic conversion techniques, are improving yield, reducing costs, and enabling large-scale glycol manufacturing. These innovations are expected to accelerate adoption and create more stable supply chains in the future.
- Strategic collaborations and capacity expansions are reshaping the competitive landscape, with companies investing in new plants, joint ventures, and research partnerships. These moves are aimed at addressing rising global demand, meeting sustainability goals, and capturing growth opportunities across diverse end-user industries.
Glycol Market Segments Covered In The Report
By Type
- Ethylene Glycol
- Propylene Glycol
- Other Types
By Application
- Antifreeze and Coolants
- Polyester Fiber Production
- PET Bottles and Packaging
- Solvents and Humectants
- Dehydrating Agent
- Chemical Intermediates
By End User
- Automotive And Transportation
- Packaging
- Food and Beverage
- Cosmetics
- Textile
- Other End-Users
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Market Players
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 fzeRecent Industry Developments
- June 2025: Glycol ether prices are expected to remain stable to slightly higher throughout the year, driven by sustained demand from paints, coatings, cleaning, and electronics sectors amid rising feedstock and logistics costs.
- July 2025: The global propylene glycol market demand surged, with valuation reaching approximately USD 4.66 billion in 2024 and an upward trajectory forecast for continued growth.
- May 2024: Dow completed an expansion at its integrated manufacturing facility in Map Ta Phut, Thailand, adding capacity to produce approximately 80,000 tons per year of propylene glycol, boosting production capability in the region.
- June 2024: Technip Energies acquired glycol purification technology from Shell, enhancing its ability to commercialize its Bio-2-Glycols™ platform and support the scaling of sustainable glycol production.
Available Customizations
The standard syndicate report is designed to serve the common interests of Glycol Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Glycol Pricing and Margins Across the Supply Chain, Glycol Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Glycol market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
1.1 List of Tables
1.2 List of Figures
2. Glycol Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Glycol Market Overview
2.2 Market Strategies of Leading Glycol Companies
2.3 Glycol Market Insights, 2024 - 2034
2.3.1 Leading Glycol Types, 2024 - 2034
2.3.2 Leading Glycol End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Glycol sales, 2024 - 2034
2.4 Glycol Market Drivers and Restraints
2.4.1 Glycol Demand Drivers to 2034
2.4.2 Glycol Challenges to 2034
2.5 Glycol Market- Five Forces Analysis
2.5.1 Glycol Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Glycol Market Value, Market Share, and Forecast to 2034
3.1 Global Glycol Market Overview, 2024
3.2 Global Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Glycol Market Size and Share Outlook By Type, 2024 - 2034
3.4 Global Glycol Market Size and Share Outlook By Application, 2024 - 2034
3.5 Global Glycol Market Size and Share Outlook By End User, 2024 – 2034
3.6 Global Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global Glycol Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Glycol Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Glycol Market Overview, 2024
4.2 Asia Pacific Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Glycol Market Size and Share Outlook By Type, 2024 - 2034
4.4 Asia Pacific Glycol Market Size and Share Outlook By Application, 2024 - 2034
4.5 Asia Pacific Glycol Market Size and Share Outlook By End User, 2024 – 2034
4.6 Asia Pacific Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific Glycol Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Glycol Market Value, Market Share, and Forecast to 2034
5.1 Europe Glycol Market Overview, 2024
5.2 Europe Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Glycol Market Size and Share Outlook By Type, 2024 - 2034
5.4 Europe Glycol Market Size and Share Outlook By Application, 2024 - 2034
5.5 Europe Glycol Market Size and Share Outlook By End User, 2024 – 2034
5.6 Europe Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe Glycol Market Size and Share Outlook by Country, 2024 - 2034
6. North America Glycol Market Value, Market Share and Forecast to 2034
6.1 North America Glycol Market Overview, 2024
6.2 North America Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Glycol Market Size and Share Outlook By Type, 2024 - 2034
6.4 North America Glycol Market Size and Share Outlook By Application, 2024 - 2034
6.5 North America Glycol Market Size and Share Outlook By End User, 2024 – 2034
6.6 North America Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America Glycol Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Glycol Market Value, Market Share and Forecast to 2034
7.1 South and Central America Glycol Market Overview, 2024
7.2 South and Central America Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Glycol Market Size and Share Outlook By Type, 2024 - 2034
7.4 South and Central America Glycol Market Size and Share Outlook By Application, 2024 - 2034
7.5 South and Central America Glycol Market Size and Share Outlook By End User, 2024 – 2034
7.6 South and Central America Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America Glycol Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Glycol Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Glycol Market Overview, 2024
8.2 Middle East and Africa Glycol Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Glycol Market Size and Share Outlook By Type, 2024 - 2034
8.4 Middle East Africa Glycol Market Size and Share Outlook By Application, 2024 - 2034
8.5 Middle East Africa Glycol Market Size and Share Outlook By End User, 2024 – 2034
8.6 Middle East Africa Glycol Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa Glycol Market Size and Share Outlook by Country, 2024 - 2034
9. Glycol Market Structure
9.1 Key Players
9.2 Glycol Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Glycol Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Glycol Market is estimated to generate USD 39.63 billion in revenue in 2025.
The Global Glycol Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.06% during the forecast period from 2025 to 2034.
The Glycol Market is estimated to reach USD 79.65 billion by 2034.
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