The India Diethylene Glycol (DEG) market reached approximately 310 thousand tonnes in FY2023 and is anticipated to grow at a steady CAGR of 5.40% by FY2030.
Diethylene Glycol is an doorless and hygroscopic liquid, which is completely miscible in water and has a high boiling point. Diethylene Glycol is produced as a by-product by hydrolysis of Ethylene Oxide to produce Mono Ethylene Glycol. DEG is widely used in manufacturing of unsaturated Polyester Resins. In the automotive industry, DEG works as a brake fluid. DEG is majorly used to manufacture Unsaturated Polyester Resin which have numerous applications such as composite substances, paints on wood, corrugated, ribbed, and flat laminated panels, use on automobiles, watercraft, and bathroom fittings, Pastes for colouring, fillers, putties for stucco, and synthetic cement.
Furthermore, demand for Diethylene Glycol is rising in pesticide industry for production of pesticides. Moreover, DEG demand is gradually increasing due to its application in rubber compounds, paints & solvent industry and for synthesizing Polyethylene Glycols, which are the major areas which will drive the demand for DEG in domestic market during the forecast period. Over the coming years, the market for bulk chemicals is expected to expand significantly as a result of rising downstream applications, such as the textile and PET resin industries. Due to rising DEG use in water-based coatings as a replacement for high VOC emitting solvent-based coatings, paints and coatings application is projected to experience the highest growth. Diethylene Glycol is also used as a feedstock for producing plasticizers and polyester resins, as a lubricant in textile industry. India DEG market is anticipated to reach approximately 340 thousand tonnes by FY2030.
Based on region, the India Diethylene Glycol Market is segregated into North, South, East, and West. Currently, West India has been dominating the market followed by North India. In FY2022, West India held a market share of approximately 32% of the market. The demand is curated due to the location of a huge number of plastic and other end-use industries like electronic goods producers located in western states like Gujarat and Maharashtra. Furthermore, the ease of availability of shipping ports creates an ease of transport of these goods.
Based on end-use, the India Diethylene Glycol market is bifurcated into Unsaturated Polyester Resin, Agrochemical, Rubber Compounding & Plasticizer, Automotives and Others. In the automotive sector, DEG finds application as a useful brake fluid. Because of their inexpensive price, simple manufacturing process, and high performance, unsaturated polyester resins are among the most significant and industrially versatile thermosetting materials. They are used in a variety of applications, including automobiles, marine, transportation, building, construction, and electronic devices.
Major players in the India Diethylene Glycol market are Indian Oil Corporation Limited and India Glycols Limited. Significant companies for Global Diethylene Glycol market are SINOPEC, Shell, Reliance Industries Ltd, SABIC, The Kuwait Olefins Co, Formosa Plastics Corp, TOC Glycol Company Limited, Huntsman Corp, Dow Chemical Co, Alberta & Orient Glycol, and Indorama Ventures (Oxide & Glycols) LLC.
Years considered for this report:
Historical Period: FY2015-FY2023
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2030
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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 in India.
• To analyse and forecast the market size of Diethylene Glycol in India.
• To classify and forecast India Diethylene Glycol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Diethylene Glycol market in India.
To extract data for India Diethylene Glycol market, primary research surveys were conducted with Diethylene Glycol manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for India Diethylene Glycol market over the coming years.
ChemAnalyst calculated Diethylene Glycol demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Diethylene Glycol 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, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Diethylene Glycol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in FY2023
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310 thousand tonnes
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Market size Volume by FY2030
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340 thousand tonnes
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Growth Rate
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CAGR of 5.40% from FY2024 to FY2030
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Base year for estimation
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FY2024
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Historic Data
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FY2015 – FY2023
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Forecast period
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FY2025 – FY2030
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Quantitative units
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Demand in thousand tonnes and CAGR from FY2024 to FY2030
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Unsaturated Polyester Resin, Agrochemical, Rubber Compounding & Plasticizer, Automotives and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North India, South India, East India, West India
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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