Diethylene Glycol (DEG) Market Research Report - Forecast to 2027

Diethylene Glycol Market: Information by Application (Plasticizer, Personal Care, Chemical Intermediates, & Polyester Resins), End-Use Industries (Building and Construction, Plastics, Paints and Coatings, & Polymers), and Region—Forecast till 2027

ID: MRFR/CnM/1181-HCR | February 2021 | Region: Global | 116 pages

Diethylene Glycol Market Overview


The Diethylene Glycol market growth is projected to grow at a staggering CAGR rate of 4.8% during the forecast period of 2021-2028. Also, the expected market valuation by the end of the period is compiled at USD 3.8 billion. These projections have been made after gaining deep market insights and the performance of the key market players across the globe.


Diethylene glycol (DEG) can be understood in the form of a chemical that has its synthesis by conducting the partial hydrolysis of the ethylene oxide compound. This is a colorless substance that goes low on viscosity and can be recognized as a low volatile liquid that has a sweet taste. This compound dissolves fully in substances like water, alcohol, organic solvents, and acetone. Therefore, this product has wide use in the form of a solvent across various industry uses like textile dyes and paint pigments alongside resins, printing process, and oils.


 Also, this is gaining recognition as raw material and is being used for manufacturing products like polyester resigns, thermoplastic polyurethanes, and plasticizers. Also, the paper and pulp industry is recognizing a vibrant use of this product alongside other industries like tobacco manufacturers and leather processing, which will positively impact the market operations by the end of the forecast period in 2028.


COVID 19 Analysis


Since the declaration of the pandemic as a public healthcare emergency, many businesses and production units are facing a lot of troubles. The diethylene glycol production and manufacturing activities have been hampered due to strict functional restrictions and lockdown imposition. The unavailability of the workforce due to the pandemic is further hurting the production volumes that are hindering the smooth functioning of the supply chain mechanism amongst the global market. The pandemic has led to a decrease in production activities, resulting in bringing down the demand for market products like plastics and paint coatings, amongst others.


The government is investing in research and development initiatives and is also collaborating with prominent market players to develop products and launch them on a large scale to help the market reach its defined objectives during the forecasted period.


Competitive Landscape


The most prominent major key players in the diethylene glycol market all across the globe are mentioned below:



  • India Glycols Limited (India)

  • Crystal India (India)

  • Pon Pure Chemicals (India)

  • Merck KGaA (Germany)

  • Mitsubishi Chemical Corporation (Japan)

  • Tokyo Chemical Industry Co. Ltd (Japan)

  • SABIC (Saudi Arabia)

  • Reliance Industries Limited (India)

  • LyondellBasell Industries NV (Netherlands)

  • DowDuPont Inc. (US)

  • Royal Dutch Shell PLC (Netherlands)

  • Huntsman International LLC (US)


Global Diethylene Glycol (DEG) Market Share, by Application, 2017 (%)


 Diethylene Glycol (DEG) Market





Market Dynamics


Drivers


Diethylene glycol has been listed in the Inventory of Cosmetic Ingredients (EC) and has been recognized both as a solvent and viscosity controller. Also, it has approved use for perfumes and other aromatic raw materials. This will help the market grow during the forecasted period. Additionally, the market is witnessing an increased demand for cement and paints, which is pushing the industries towards growth. The adoption of plastic in the form of raw materials for production will support the market's global growth during the forecast period that ends in 2028. Further, the derivates and wide usage of patent registrations present growth opportunities for the market.


Restraints


The market is witnessing a surge in patent registrations concerning the large-scale manufacturing of diethylene glycol but, related concerns like the toxic nature are likely to hamper the market from growing as per the prediction during the ongoing forecast period that ends in 2028. 


Technology Analysis


The substantial use of the DEG product across various production units of different companies has great opportunities for the market in-store. Acting as a chemical intermediate, the demand for the product will increase in the coming years. Also, the product has properties like its low volatility alongside excellent hygroscopicity. It will benefit from expanding market operations and letting the DEG product emerge as a reliable gas drying agent during the ongoing forecast period. Moreover, the market is home to business strategies due to factors like plastics use amongst major industry product end-users.


Study Objectives



  • To get the market insights through the overview and gather the experts' viewpoints and market players predict the market growing post the impact on the pandemic on the market operations.

  • To analyze the futuristic scope of the market during the forecast period of 2021-2028 by noticing the functioning of the market segments across various global locations.

  • To draw a competitive market graph amongst the key market players by considering their recent developments, strategies, and planning for growth, alongside the market's scale during the forecasted period.


Segment Overview


The diethylene glycol market has been divided all across the globe based on the application, end-user industry, and region.


Based on the Application


The market has been divided all across the globe based on the application into personal care, chemical intermediate, polyester resin, solvent, plasticizer, and many others.


Based on the End-User Industry


The market has been divided all across the globe based on the end-user industry into polymers, coatings, paints, chemicals, plastics, building and construction, and others.


Based on the Region


The market has been divided all across the globe based on the region into the Latin American region, North American region, Asia-Pacific region, European region, and the Middle East and African region.


Regional Analysis


The market has been divided all across the globe based on the region into the Latin American region, North American region, Asia-Pacific region, European region, and the Middle East and African region. The largest market share is held by the Asia-Pacific region owing to increasing demand for various end-user industries like building & construction, chemicals, and the automotive industry. The various major market segments for DEG are the South Korean market, Chinese market, and Indian market. In addition, increasing urbanization and industrialization boost the growth of the construction industry.


The second-largest market share is held by the European region owing to increasing demand for the automotive and textile dyes industry. In addition, increasing demand for organic solvents is another major factor that drives the market growth.


The North American region holds the third-largest market share. This region is the leading producer of natural gas, coupled with positive growth for the automotive market drives the market demand.


The Latin American and the Middle East, and African regions account for moderate growth rates due to stagnant economic development in these regions.


These major key players use various strategies to sustain their market position in the diethylene glycol treatment market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the diethylene glycol treatment all across the globe.


Recent Developments



  • The largest market share in the diethylene glycol market is held by the Asia-Pacific region, as this region is the fastest-growing region. Increasing demand for various end-user industries like automotive, building and construction industry, and many others drives the market growth.

  • Royal Dutch Shell PLC. (Netherlands) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company by increasing the sales revenue.

  • Increasing demand for the automotive industry and textile dyes industry provides various growth opportunities in the European region.

  • All the major market key players are highly investing in new product launches, mergers, and acquisitions, joint ventures.


Report Overview


This global diethylene glycol market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technology Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the diethylene glycol treatment market in the global market and the factors that restrict its growth in the global market. The technical analysis for the growth estimation during the forecasted period is mentioned. The impact of COVID 19 on the sales revenue of the diethylene glycol treatment market all across the globe is mentioned. The future growth rates during the forecasted period are estimated and mentioned. This report provides an insight about the market drivers and restraints to help in getting a better understanding and plan the future strategies.


Intended Audience



  • Nationalized laboratories

  • Raw material suppliers

  • Potential investors

  • Research and development institutes

  • Traders and distributors of diethylene glycol

  • Diethylene glycol manufacturers



TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Diethylene Glycol Market

5 Industry Overview of Diethylene Glycol Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges


6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Diethylene Glycol Market, by Application

7.1 Introduction

7.2 Plasticizer

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Chemical Intermediates

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Solvent

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Polyester Resins

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Personal Care

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

8. Diethylene Glycol Market, by End-Use Industry

8.1 Introduction

8.2 Building and Construction

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Paints and Coatings

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Chemicals

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Polymers

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

9. Diethylene Glycol Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.5.2 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.6.2 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.7.2 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.9.2 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Applications, 2020–2027

9.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 Royal Dutch Shell PLC

11.1.1 Company Overview

11.1.2 Applications/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Huntsman International LLC

11.2.1 Company Overview

11.2.2 Applications/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 The Dow Chemical Company

11.3.1 Company Overview

11.3.2 Applications/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 LyondellBasell Industries NV

11.4.1 Company Overview

11.4.2 Applications/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Reliance Industries Limited

11.5.1 Company Overview

11.5.2 Applications/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 SABIC

11.6.1 Company Overview

11.6.2 Applications/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Tokyo Chemical Industry Co. Ltd

11.7.1 Company Overview

11.7.2 Applications/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Mitsubishi Chemical Corporation

11.8.1 Company Overview

11.8.2 Applications/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Merck KGaA

11.9.1 Company Overview

11.9.2 Applications/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Pon Pure Chemicals

11.10.1 Company Overview

11.10.2 Applications/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Crystal India

11.11.1 Company Overview

11.11.2 Applications/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 India Glycols Limited

11.12.1 Company Overview

11.12.2 Applications/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions (2020–2030)

Table 2 Diethylene Glycol Market, by Region, 2020–2027

Table 3 North America: Diethylene Glycol Market, by Country, 2020–2027

Table 4 Europe: Diethylene Glycol Market, by Country, 2020–2027

Table 5 Asia-Pacific: Diethylene Glycol Market, by Country, 2020–2027

Table 6 Middle East & Africa: Diethylene Glycol Market, by Country, 2020–2027

Table 7 Latin America: Diethylene Glycol Market, by Country, 2020–2027

Table 8 Diethylene Glycol by Application Market, by Region, 2020–2027

Table 9 North America: Diethylene Glycol by Application Market, by Country, 2020–2027

Table 10 Europe: Diethylene Glycol by Application Market, by Country, 2020–2027

Table 11 Asia-Pacific: Diethylene Glycol by Application Market, by Country, 2020–2027

Table 12 Middle East & Africa: Diethylene Glycol by Application Market, by Country, 2020–2027

Table 13 Latin America: Diethylene Glycol by Application Market, by Country, 2020–2027

Table 14 North America: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027

Table 15 Europe: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027

Table 16 Asia-Pacific: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027

Table 17 Middle East & Africa: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027

Table 18 Latin America: Diethylene Glycol for End-Use Industry Market, by Country, 2020–2027

Table 19 Global Application Market, by Region, 2020–2027

Table 20 Global End-Use Industry Market, by Region, 2020–2027

Table 21 North America: Diethylene Glycol Market, by Country, 2020–2027

Table 22 North America: Diethylene Glycol Market, by Application, 2020–2027

Table 23 North America: Diethylene Glycol Market, by End-Use Industry, 2020–2027

Table 24 Europe: Diethylene Glycol Market, by Country, 2020–2027

Table 25 Europe: Diethylene Glycol Market, by Application, 2020–2027

Table 26 Europe: Diethylene Glycol Market, by End-Use Industry, 2020–2027

Table 27 Asia-Pacific: Diethylene Glycol Market, by Country, 2020–2027

Table 28 Asia-Pacific: Diethylene Glycol Market, by Application, 2020–2027

Table 29 Asia-Pacific: Diethylene Glycol Market, by End-Use Industry, 2020–2027

Table 30 Middle East & Africa: Diethylene Glycol Market, by Country, 2020–2027

Table 31 Middle East & Africa: Diethylene Glycol Market, by Application, 2020–2027

Table 32 Middle East & Africa: Diethylene Glycol Market, by End-Use Industry, 2020–2027

Table 33 Latin America: Diethylene Glycol Market, by Country, 2020–2027

Table 34 Latin America: Diethylene Glycol Market, by Application, 2020–2027

Table 35 Latin America: Diethylene Glycol Market, by End-Use Industry, 2020–2027

LIST OF FIGURES

FIGURE 1 Diethylene Glycol Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Diethylene Glycol Market

FIGURE 4 Value Chain of Diethylene Glycol Market

FIGURE 5 Share of Diethylene Glycol Market in 2020, by Country (in %)

FIGURE 6 Diethylene Glycol Market, 2020–2027,

FIGURE 7 Sub-Segments of Application

FIGURE 8 Diethylene Glycol Market Size, by Application, 2020

FIGURE 9 Share of Diethylene Glycol Market, by Application, 2020–2027

FIGURE 10 Sub-Segments of End-Use Industry

FIGURE 11 Diethylene Glycol Market Size, by End-Use Industry, 2020

FIGURE 12 Share of Diethylene Glycol Market, by End-Use Industry, 2020–2027