Petrochemicals | Apr 2020
India Diethylene Glycol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030
Diethylene Glycol (DEG) demand is projected to grow at a CAGR of 5.8% during 2020-2030 during the forecast period. DEG is a stable, high boiling, odorless and hygroscopic liquid, which is completely miscible in water. DEG is widely used in manufacturing of unsaturated Polyester Resins and as brake fluid in automobile. Furthermore, demand for Diethylene Glycol is rising in pesticide industry for production of Phorate pesticides. Moreover, DEG demand is gradually increasing in rubber compounding, paints & solvent industry and for producing Polyethylene Glycols, which are the major areas which will drive the demand for DEG in domestic market during the forecast period. Diethylene Glycol is also used as a feedstock for producing plasticizers and polyester resins, as a lubricant in textile industry and as a coupling agent. Diethylene Glycol is produced as a byproduct by hydrolysis of Ethylene Oxide to produce Mono Ethylene Glycol. Reliance Industries limited, Indian Oil Corporation Limited and India Glycols Limited are the only players producing Diethylene Glycol in India. With new capacity additions scheduled by the major players in the years to come, it is anticipated that the demand for DEG is expected to rise in the forecast period.
Years Considered for this Report:
Historical Years: 2013 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
• The primary objective of the study was to evaluate and forecast Diethylene Glycol capacity, production,
demand, inventory, and demand – supply gap in India.
• To categorize Diethylene Glycol demand based on end use, region and sales channel.
• To study trade dynamics and company share in India Diethylene Glycol market.
• To identify major customers of Diethylene Glycol in India.
• To evaluate and forecast Diethylene Glycol pricing in India Diethylene Glycol market.
• To identify and profile major companies operating in India Diethylene Glycol market.
• To identify major news, deals and expansion plans in India Diethylene Glycol market.
As of 2020, import of Diethylene Glycol has been increased by 6 percent on y-o-y basis and Diethylene Glycol prices were assessed at INR XXXXX per MT on bulk contract basis.
To extract data for India DEG market, primary research surveys were conducted with DEG 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 India DEG market over the coming years.
ChemAnalyst calculated India DEG demand by analyzing the historical data and demand forecast was carried out considering the Mono Ethylene Glycol Prices. 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 used by ChemAnalyst.
Key Target Audience:
• Diethylene Glycol manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to Diethylene Glycol distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as DEG manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the India Diethylene Glycol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use
Automotive, Textile, Agrochemicals, Food and Beverage and others
Market, by Application
Paints and Emulsions, Brake Fluid, Unsaturated Resin, PU Adhesives
Market, by Sales Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North, West, East and South
Competition Outlook: Outlook of leading 10 players based on product portfolio, market pricing, average selling price, sales footprint, etc.
Company Profiles: Detailed analysis of the major companies operating in the India Diethylene Glycol market.
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