Diethylene Glycol Prices Overview

Market Overview

Quarterly Update on Global Diethylene Glycol Market 
For the Quarter Ending September 2020

Dampened demand from the Polyester industry has created an oversupply of Diethylene glycol across Asia. Lack of volume offtakes have triggered a sharp slump in the pricing curve of Diethylene Glycol in the first half of 2020. Several new MEG plant set-ups planned in the Asian countries such as China and Malaysia are delayed till 2021 attributed to pandemic-induced challenges. However, with the revival in market fundamentals, prices of DEG have witnessed a progressive gain in the third quarter. Sentiments seemed bolstered with China estimated to add another downstream polyester capacity of more than 1 million tonnes and curtail its import dependence from US due to the ongoing trade war. which could result in further increase in price of DEG.
North America
With low estimated polyester growth in North America, DEG demand growth is unlikely to keep pace with increase in supply throughout 2020. Reduction in exports due to transportation constraints has created a supply glut in the domestic market which further resulted in downward pressure in the prices of DEG in the region. Diminished demand from the downstream market, has rendered major US DEG players maintain a cautious approach over curtailed margins, thereby increasing inventories and forcing producers to induce reduction in the plant operating rates.

Following Hurricane Laura in August, around one third of production in the US was slashed down, leading to tighter product availability in Europe. Demand from the downstream industries turned better with rising enquiries from the unsaturated polyester resin manufacturers compared to the offtakes for antifreeze or coolant as the pandemic seems to take a greater toll over the downstream automobile industry. 

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ChemAnalyst gathers information through primary research surveys conducted with various Diethylene Glycol manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Diethylene Glycol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Diethylene Glycol market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Diethylene Glycol are analyzed and region-wise demand pattern is tracked.


Diethylene Glycol also known as 2,2-oxydiethanol is a colorless liquid with chemical formula (C4H10O3). DEG is a stable high boiling, odorless and hygroscopic liquid and is obtained as a by-product in Monoethylene Glycol (MEG) production and therefore is generally based on the demand and production of DEG. MEG is commonly prepared by utilizing Ethylene via Ethylene Oxide with the release of two co-products, Diethylene Glycol (DEG) and Triethylene Glycol (TEG). Other feedstocks such as natural gas, glycerin, coal and bioethanol can also be utilized under desired process conditions. DEG is widely used as a solvent in aromatic and paraffinic hydrocarbon separation.  Due to its higher boiling point, viscosity and specific gravity, it is also used in the manufacturing of lubricants. Other major end use of DEG include its use as a chemical intermediate in the production of unsaturated polyester resins (UPRs) and polyurethane. Due to its hygroscopic nature, it is also used as a dehydrant in the natural gas industry wherein it is used to remove water from gas pipelines. More than half of DEG consumed globally is used as a chemical intermediate in manufacturing of acrylates, resins and urethanes and demand is majorly driven on general economic condition and fluctuation in the downstream polyester industry.