Diethylene Glycol (DEG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Grade, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] The Diethylene Glycol (DEG) Market registered demand of 3.25 million tonnes in 2020 and is projected to achieve a healthy CAGR of 5.12% in the forecast period until 2035. Diethylene glycol (DEG) with the chemical formula C4H10O3 is an organic compound consisting of four carbon dimers of ethylene glycol. It is a stable, colorless, odorless, poisonous, and hygroscopic liquid, which is completely miscible in water. DEG is widely used as a solvent that makes it useful in cleaners, cement processing, heat transfer fluids, and adhesives. Commercially, DEG is used in the preparation of antifreeze, brake fluid, cigarettes, some dyes and medicines. It is synthesized by the partial hydrolysis of Ethylene Oxide and as a co-product of ethylene glycol (MEG) and triethylene glycol. Diethylene glycol is utilized in the manufacturing of saturated and unsaturated polyester resins, polyurethanes, humectants, and plasticizers.
 
On the basis of applications, the DEG market is segregated into plasticizers, solvents, polyester resins, chemical intermediates, lubricants, dehydrants, cosmetic and personal care products, freezing product depressants, and others. The plasticizers segment dominates the Diethylene Glycol market around the world as it is widely used as a feedstock for various products like paper, cork, synthetic sponges, flexible PVC, etc. Rising consumption for flexible and lightweight PVC in the manufacturing of medical devices, automotive parts, adhesive films, extruded wires, and others have bolstered the demand for DEG across the globe. Continuously growing demand for DEG in the making of personal care products like skin creams, lotions, deodorants, etc. is expected to drive the market in the next few years. 
 
Depending upon the end-user industries, the market is segmented into plastic, paint and coatings, automotive, textiles, agrochemical, cosmetic and personal care, building and construction, and others. The plastic industry holds the major share in the Diethylene Glycol market owing to the continuously increasing demand for plasticizers and polyurethanes across the globe. The surging demand for DEG by the automotive and paint and coatings industry is expected to propel the market globally in the forecast period. Rising building and construction activities across emerging countries like China and India are likely to boost the demand for DEG in the upcoming years. 
 
The Diethylene Glycol market was severely affected globally due to the outbreak of COVID-19 in 2020. Government authorities in many countries imposed nationwide lockdowns and strict social distancing norms which halted several manufacturing activities and reduced the demand and production of Diethylene Glycol. Major downstream industries including textiles, paint and coatings, automotive, and others were negatively affected due to the disruption in the supply chain of raw materials. The less availability of manpower has directly affected the production activities of these industries, thereby resulting in decline in the demand for feedstock such as DEG. 
 
Among different regions, the Asia Pacific region dominated the Diethylene Glycol market in 2020 and is likely to maintain its dominance until the forecast period. Government spending on infrastructure development and growing industrialization in emerging economies such as China and India are anticipated to boost the demand for DEG, further propelling its market in the Asia Pacific region in the next few years. Rapidly increasing demand for polyester resins, polyurethanes, plasticizers, etc. from various end-use industries such as automotive, plastic, and others will augment the DEG market in the region. Infrastructure projects in the Asia Pacific region like the ‘Smart City Project’ are expected to drive the demand for Diethylene Glycol from the cement manufacturers in the future. 
 
Major players operating in the Diethylene Glycol market include Reliance Industries, GC Glycol Company, BASF SE, Royal Dutch Shell PLC, Huntsman International LLC, India Glycol Limited, Indian Oil Corporation, SABIC, Lyondell Basell Industries, Mitsubishi Chemical Corporation, Acuro Organics Limited, Sibur, Indorama LLC., and Others.
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2035
 
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Objective of the Study: 
 
• To assess the demand-supply scenario of Diethylene Glycol which covers production, demand, and supply of Diethylene Glycol market globally.
• To analyse and forecast the market size of Diethylene Glycol.
• To classify and forecast Diethylene Glycol market based on grade, application, end-use and regional distribution.
• To identify drivers and challenges for Diethylene Glycol market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Diethylene Glycol market.
• To identify and analyse the profile of leading players involved in the manufacturing of Diethylene Glycol.
To extract data for Diethylene Glycol market, primary research surveys were conducted with Diethylene Glycol manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Diethylene Glycol market over the coming years. 
 
ChemAnalyst calculated Diethylene Glycol demand globally by analyzing the historical data and demand forecast which was carried out considering imported Diethylene Glycol, styrene prices, monomers used for production of Diethylene Glycol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Diethylene Glycol manufacturers and other stakeholders
• Organizations, forums and alliances related to Diethylene Glycol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Diethylene Glycol manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, Diethylene Glycol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
USD 3.25 Million Tonnes
Growth Rate
CAGR of 5.12% from 2021 to 2035
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2035
Quantitative units
Demand in tons and CAGR from 2021 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1.Application:(Plasticizers, Solvents, Polyester Resins, Chemical Intermediates, Lubricants, Dehydrants, Cosmetic and Personal Care Products, Freezing Product Depressants, and Others)
2.End use:(Plastic, Paint and Coatings, Automotive, Agrochemical, Textiles, Cosmetic and Personal Care, Building and construction, and Others)
3.Grade:(High Purity, Industrial, Polyester, Antifreeze)
4.Sales Channel:(Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Reliance Industries, GC Glycol Company, BASF SE, Royal Dutch Shell PLC, Huntsman International LLC, India Glycol Limited, Indian Oil Corporation, SABIC, Lyondell Basell Industries, Mitsubishi Chemical Corporation, Acuro Organics Limited, Sibur, Indorama LLC., and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Frequently Asked Questions (FAQ):

What are the major applications of Diethylene Glycol?

Diethylene Glycol is widely used in various applications including plasticizers, solvents, polyester resins, chemical intermediates, lubricants, and others.

Which region demands the maximum share in the global Diethylene Glycol market as of 2020?

Asia-Pacific region holds the maximum share of the Diethylene Glycol market globally owing to the developments in the major end-user industries. 

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