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1423458

全球乙二醇市場 - 2023-2030

Global Ethylene Glycol Market - 2023-2030

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 208 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2022年全球乙二醇市場規模達292億美元，預計2030年將達到401億美元，2023-2030年預測期間CAGR為4.2%。

由生物燃料生產乙二醇也是一個主要趨勢。供應商正在研究並資助基於生物技術的化石燃料生產的傳統乙二醇的替代品。另一種更環保且碳足跡可能更小的替代品是生物基乙二醇，它通常由生質能或農業廢物等可再生原料製成。

乙二醇市場主要由汽車產業推動。液壓煞車油、空調系統和汽車引擎都使用乙二醇作為冷卻劑和防凍劑。全球汽車製造業正在崛起，特別是在新興國家，這推動了對乙二醇的需求。

亞太地區是全球乙二醇市場的成長地區之一，佔超過1/3的市場。推動市場發展的因素可能與亞太地區乙二醇市場的成長有關。該地區蓬勃發展的汽車產業是主要推動因素之一。在中國，乙二醇被廣泛用作汽車引擎、空調系統和液壓煞車油的冷卻劑和防凍劑，汽車產量的成長推動了對乙二醇的需求。

動力學

乙二醇在紡織和布料工業的使用不斷增加

聚酯纖維因其柔軟、高吸濕性和輕質的特性，在服裝生產中的應用越來越廣泛。由於聚酯纖維保暖性高、手感舒適、光澤柔和，常被用來製作薄型保暖內衣、休閒保暖冬裝和運動服。柔軟、耐熱、耐磨的手套和襪子也採用這種材料製成。

國際貿易管理局 (ITA) 預計，到 2025 年，美國時尚服裝市場價值將超過 4000 億美元。印度政府發起的「出口服裝園區」計畫旨在建立國際標準的服裝生產透過重點推動，在有前景的開發地點建立單位。

由於乙二醇廣泛用於聚酯纖維的生產，因此預計其需求將隨著織物和紡織品行業的成長而成長。因此，在整個預測期內，不斷成長的織物和紡織業將提振乙二醇市場。

汽車需求不斷成長

產業趨勢是汽車生產領域對乙二醇的需求不斷增加。在汽車工業中，乙二醇對於某些用途至關重要，其中之一是製造汽車防凍劑的重要成分。這種多用途化學品的需求量很大，因為它可以很好地防止引擎冷卻液在極冷的溫度下凍結和在炎熱的天氣下過熱。

國際貿易管理局 (ITA) 報告稱，中國政府預計到 2025 年，汽車產量將達到 3,500 萬輛。根據荷蘭統計局(CBS) 的數據，每年1 月1 日在荷蘭註冊的道路車輛總數從2018 年的1,12,87,017 輛增加到2019 年的1,14,95,837 輛，再到2020 年的1 ,17,03,420 輛。

此外，國際汽車製造商組織 (OICA) 報告稱，巴西輕型商用車產量增加了 10.2%，從 2017 年的 326,647 輛增至 2018 年的 358,981 輛。在預測期內，製造業將推動乙二醇市場。

原料成本高

乙二醇市場受原料價格波動的限制較大。乙二醇生產的主要成分是乙烯，它來自天然氣和原油等石化原料。與生產乙二醇相關的費用可能會直接受到各種原物料價格變動的影響。

由於原料成本波動，製造商可能會遇到不確定性，這可能歸因於供需不匹配、地緣政治衝突和全球能源市場波動等多種因素。由於這種波動，市場參與者可能會發現很難正確規劃和管理其營運，這也可能對乙二醇的定價和盈利能力產生影響。

乙二醇的負面影響

乙二醇的主要缺點是它對人和動物都構成風險。儘管大多數安全資料表將乙二醇歸類為“危險”，但大量研究表明，即使是極少量的這種物質也可能致命。美國參議院仍在就全國範圍內的乙二醇中毒問題進行辯論。當引入氧氣時，乙二醇通常會發生分解。

作為分解的副產物，會產生許多酸，包括草酸、乙醇酸、甲酸和乙酸。如果沒有採取適當的步驟，例如減少氧氣利用率、緩衝酸的 pH 值以及使用抑制劑提前防止腐蝕，這些酸可能會迅速腐蝕碳鋼和其他金屬零件。因此，在整個預測期內，這些問題預計將成為限制市場成長的關鍵因素。

Ethylene glycol produced from biofuels is also a major trend. Alternatives to conventional ethylene glycol produced from fossil fuels that are based on biotechnology are being investigated and funded by suppliers. An alternative that is more environmentally friendly and may have a smaller carbon footprint is bio-based ethylene glycol, which is frequently made from renewable feedstocks like biomass or waste from agriculture.

The market for ethylene glycol is mostly driven by the automobile industry. Hydraulic braking fluids, air conditioning systems and car engines all employ ethylene glycol as a coolant and antifreeze. Global auto manufacturing is rising, particularly in emerging nations, which is driving up demand for ethylene glycol.

Asia-Pacific is among the growing regions in the global ethylene glycol market covering more than 1/3rd of the market. The factors driving the market's development may be linked to the growth of the ethylene glycol market in the Asia-Pacific. The region's flourishing car sector is one of the main contributing factors. In China, the demand for ethylene glycols, which are widely utilized as coolant and antifreeze agents in automotive engines, air conditioning systems and hydraulic braking fluids, is fueled by the growing production of vehicles.

Dynamics

Growing Ethylene Glycol Use in the Textile and Fabric Industries

Polyester fiber is becoming more and more in demand for usage in clothing production because of its qualities of softness, high hygroscopicity and lightweight nature. Because polyester has high warm-keeping, comfortable feeling and soft luster qualities, it is frequently used to make thin thermal underwear, casual warm winter clothing and sportswear. Soft, heat-resistant and wear-resistant gloves and socks are also made using this material.

The International Trade Administration (ITA) projects that the fashion clothing market in U.S. will reach a valuation of over US$400 billion by 2025. The 'Clothing Park for Exports' initiative, instituted by the Indian government, aims to establish internationally-standard clothing production units at promising development locations through a focused push.

Because ethylene glycol is widely used in the production of polyester fiber, it is thus expected that demand for it would rise in tandem with the growing fabric and textiles sector. Consequently, throughout the projected period, the growing fabric and textile sector will boost the ethylene glycol market.

Growing Demand for Automotive

The industrial trend is the increasing demand for ethylene glycol in the car production sector. In the automobile industry, ethylene glycol is essential for some uses, one of which is a vital component in the creation of car antifreeze. The multipurpose chemical is in high demand because it works well to prevent engine coolant from freezing in very cold temperatures and from overheating in hot weather.

The International Trade Administration (ITA) reports that the Chinese government anticipates that by 2025, 35 million vehicles will be produced. The total number of road vehicles registered in the Netherlands on January 1st of each year went from 1,12,87,017 in 2018 to 1,14,95,837 in 2019 to 1,17,03,420 in 2020, according to Statistics Netherlands (CBS).

Additionally, the International Organization of Automobile Manufacturers (OICA) reports that the production of light commercial vehicles climbed by 10.2% in Brazil, from 326,647 in 2017 to 358,981 in 2018. The need for additional ethylene glycol to produce antifreeze as a result of rising automotive manufacturing will drive the ethylene glycol market during the projected period.

High Cost of Raw Material

The ethylene glycol market is significantly constrained by the price volatility of raw materials. The main ingredient in the production of ethylene glycol is ethylene, which comes from petrochemical feedstocks such as natural gas and crude oil. The expenses associated with producing ethylene glycol can be directly impacted by changes in the pricing of various raw ingredients.

Manufacturers may experience uncertainty due to fluctuating raw material costs, which may be attributed to several factors such as supply-demand mismatches, geopolitical conflicts and volatility in global energy markets. Market players may find it difficult to properly plan and manage their operations as a result of this volatility, which may also have an impact on the pricing and profitability of ethylene glycol.

Negative Effects of Ethylene Glycol

The primary drawback of ethylene glycol is that it poses a risk to both people and animals. Although most Safety Data Sheets classify ethylene glycol as "dangerous," a large body of research indicates that even tiny amounts of the substance may be lethal. The US Senate is still debating the issue of ethylene glycol poisoning across the country. The usual degradation of ethylene glycol occurs when oxygen is introduced.

As byproducts of degradation, many acids are produced, including oxalic, glycolic, formic and acetic acids. If suitable steps aren't followed, such as reducing oxygen availability, buffering the acid's pH and using inhibitors to prevent corrosion in advance, these acids may quickly erode carbon steel and other metal parts. Therefore, throughout the projected period, these issues are expected to become a key factor restricting the market's growth.

Segment Analysis

The global ethylene glycol market is segmented based on type, technology, application, end-user and region.

Rising Demand for Monoethylene Glycol (MEG) in the Applications

The monoethylene glycol (MEG) segment is among the growing regions in the global ethylene glycol market covering more than 1/3rd of the market. The most popular applications for monoethylene glycol (MEG) are as a hydrate inhibition and dewatering agent. In pipelines where hydrate formation is an issue, its modest concentrations are frequently constantly injected.

Due to its higher efficiency at a given mass concentration compared to diethylene glycol (DEG), monoethylene glycol (MEG) is the most widely used glycol. The is because only if the glycol used in the next dehydration process is also DEG may DEG be utilized as an agent in the pipeline.

Geographical Penetration

Rising Demands in the Automotive and Electronics Industries in Asia-Pacific

Asia-Pacific has been a dominant force in the global ethylene glycol market. Industrial paints and coatings are made from ethylene glycol, which comes in many forms such as mono, di and triethylene glycol. The types of ethylene glycol give surface coatings viscous texture and qualities including flexibility and durability.

Additionally, the Indian government recently said that it will begin work on a textile processing project in Maharashtra in 2021, with a budget of INR 905 million (about US$ 12.2 million). Moreover, according to a recent post on fibre2fashion, over 70% of all enterprises in Vietnam are engaged in textile production. Because of this, it is anticipated that the region's soaring textile demand would raise the need for the ethylene glycol needed for textile production. The is anticipated to propel the market's expansion in the Asia-Pacific area throughout the next few years.

In addition, the Vietnamese government said in 2020 that it intended to grow the paint coating sector with a 2030 target. Between 2021 and 2030, the paint coating industry's output value is predicted to rise at an average pace of up to 14%. Because of the aforementioned qualities of ethylene glycol, it is anticipated that the manufacturing of coatings in the Asia-Pacific would rise, hence increasing the demand for this major raw material. In the next years, this is expected to fuel market expansion in the Asia-Pacific.

The textile industry uses polyethylene terephthalate resin, while polyester fibers are mainly produced using ethylene glycol, such as mono ethylene glycol. For example, the Non-Woven Fabric Manufacturing Expansion Project in Himachal Pradesh, valued at INR 220 million (US$ 2.9 million), was advertised as starting in July 2021 by India.

COVID-19 Impact Analysis

The new coronavirus, known as SARS-CoV-2, has affected every industry, including the packaging and automobile industries. The government-imposed import-export restrictions in different regions have resulted in a decline in the demand for packaging. Additionally, the production of cars has been severely impeded, which has led to a significant decline in the automotive industry as a whole.

For example, the European Automobile Manufacturers Association reports that, in June 2020, the EU's demand for new commercial cars was still sluggish (-20.3%), but at a slower rate than in April and May. Germany (-30.5%), Spain (-24.2%) and Italy (-12.8%) were the three major markets in the area to report double-digit percentage reductions last month, while France saw a slight uptick (+2.2%). The market for ethylene glycol is being greatly impacted by the sharp decline in antifreeze demand brought on by the decline in car manufacturing.

The world shut down and supply chain disruptions caused a large decline in demand for many items. The COVID-19 pandemic has caused the textile industries to stop producing. People are not allowed to go shopping; thus, fabric manufacture has been suspended. The pharmaceutical business continues to function in the market even if many other industries are experiencing difficulties.

The need for personal protective equipment, such as face masks and disinfectants, has surged because of the COVID-19 epidemic. During this scenario, ethylene glycol works great as a disinfectant because of its antibacterial qualities. Ethylene glycol is used in hospitals to sterilize surgical tools. The global market for ethylene glycol is rising significantly as a result of this a pandemic

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict has the potential to significantly impact the global ethylene glycol market due to the key role these countries play in the production and transportation of petrochemicals. Both Russia and Ukraine are major players in the production of raw materials like natural gas, a crucial feedstock for ethylene glycol manufacturing.

Disruptions in the supply chain, such as transportation blockades, export restrictions or damage to critical infrastructure, could lead to shortages and increased prices in the global ethylene glycol market. Moreover, the fight may exacerbate geopolitical unrest, which would affect investor confidence and the financial system.

The markets for commodities, such as chemicals like ethylene glycol, are susceptible to fluctuations and speculation brought about by geopolitical events. The cost structure of ethylene glycol manufacturing may be impacted, affecting pricing dynamics in the globally market, by the possibility of higher energy costs brought on by worries about supply interruptions in the area.

By Type

Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Others

By Technology

Gas-Based
Naptha-Based
Coal-Based
Bio-Based
Methanol-Based
Others

By Application

Solvent Coupler
- Stabilizer
- Freezing Point Depression
- Heat Transfer Agent
- Antifreeze and Coolants
- Others
Chemical Intermediate
- Polyester Resins
- Alkyd-Resins
- Others
Solvent
Humectant
- Adhesives
- Textile Fibers
- Printing Inks
- Others
Others

By End-User

Transportation
Packaging
Oil & Gas
Building and Construction
Food & Beverages
Sports
Fabric & Textiles
Personal Care & Cosmetics
Medical & healthcare
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On October 16, 2023, BASF SE expanded capacities for both ethylene oxide and its derivatives at the integrated site in Antwerp, Belgium. The investment contributes approximately 400,000 metric tons per year to BASF SE production capacity for these specific products. By establishing these new plants, the company is reinforcing its commitment to supporting the ongoing expansion of its customer base and strengthening its market position in Europe.
On October 17, 2022, Saudi Basic Industries Corporation (SABIC) is expanded with the establishment of its third Ethylene Glycols Plant under its subsidiary, Jubail United Petrochemicals. SABIC is poised to initiate commercial operations at United Ethylene Glycol Plant. The facility boasts an annual production capacity of 700,000 metric tons of Monoethylene Glycol (MEG).

Competitive Landscape

The major global players in the market include Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.

Why Purchase the Report?

To visualize the global ethylene glycol market segmentation based on type, technology, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of ethylene glycol market -level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global ethylene glycol market report would provide approximately 70 tables, 75 figures and 208 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Technology
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Ethylene Glycol Use in the Textile and Fabric Industries
  - 4.1.1.2. Growing Demand for Automotive
- 4.1.2. Restraints
  - 4.1.2.1. High Cost of Raw Material
  - 4.1.2.2. Negative Effects of Ethylene Glycol
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Monoethylene Glycol (MEG)*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Diethylene Glycol (DEG)
7.4. Triethylene Glycol (TEG)
7.5. Others

8. By Technology

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 8.1.2. Market Attractiveness Index, By Technology
8.2. Gas-Based*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Naptha-Based
8.4. Coal-Based
8.5. Bio-Based
8.6. Methanol-Based
8.7. Others

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Solvent Coupler*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.2.3. Stabilizer
- 9.2.4. Freezing Point Depression
- 9.2.5. Heat Transfer Agent
- 9.2.6. Antifreeze and Coolants
- 9.2.7. Others
9.3. Chemical Intermediate
- 9.3.1. Polyester Resins
- 9.3.2. Alkyd-Resins
- 9.3.3. Others
9.4. Solvent
9.5. Humectant
- 9.5.1. Adhesives
- 9.5.2. Textile Fibers
- 9.5.3. Printing Inks
- 9.5.4. Others
9.6. Others

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Transportation*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Packaging
10.4. Oil & Gas
10.5. Building and Construction
10.6. Food & Beverages
10.7. Sports
10.8. Fabric & Textiles
10.9. Personal Care & Cosmetics
10.10. Medical & healthcare
10.11. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Russia
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. Saudi Basic Industries Corporation*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Shell plc
13.3. Dow Chemical Company
13.4. BASF SE
13.5. Sinopec Corp
13.6. Reliance Industries Limited
13.7. Mitsubishi Chemical Corporation
13.8. LyondellBasell Industries Holdings B.V.
13.9. Lotte Chemical Corporation
13.10. Huntsman Corporation

LIST NOT EXHAUSTIVE