Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Product (MEG, DEG, TEG), By Application (PET, Polyester Fiber, Antifreeze, Films) And Competitive Landscape
Product Code: ETC397505 | Publication Date: Aug 2024 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe ethylene glycol market |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Commercial |
Europe Ethylene Glycol Report thoroughly covers the market by product types, applications, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe ethylene glycol market growth can be attributed to several elements such as the rising demand for PET bottles and packaging materials, expanding automotive industry, and government efforts and regulations encouraging the use of bio-based ethylene glycol. Additionally, it is projected that growing consumer awareness of eco-friendly and sustainable products will fuel market expansion.
According to 6Wresearch, Europe Ethylene Glycol Report size is expected to grow at a significant CAGR of 6.2% during 2025-2031. This growth can be attributed to the growing popularity of bio-based ethylene glycol, which is projected to experience an increase in demand due to its eco-friendly nature and low carbon footprint. The key drivers for the growth of Europe ethylene glycol market involve rising demand for PET resins and polyester fibers, growing automotive industry, as well as increasing disposable income of consumers. However, over the projected period, the market's expansion may face obstacles due to the unstable pricing of raw materials like crude oil, which is needed to produce ethylene glycol.
SABIC, Shell Chemicals, BASF SE, DowDuPont Inc., and LyondellBasell Industries are a few of the significant companies involved in the European ethylene glycol industry. In order to fulfill the shifting demands of the market, these businesses are concentrating on increasing their production capacity and funding research and development (R&D) initiatives to create novel and inventive products.
The European Union has enacted various policies and initiatives to encourage the use of bio-based chemicals, including bio-based ethylene glycol. These efforts are part of a larger strategy to cut carbon emissions and promote sustainability. As the focus on reducing environmental impact and enhancing resource efficiency intensifies, bio-based ethylene glycol is becoming a more attractive alternative to conventional petrochemical products. This growing emphasis on sustainability is anticipated to significantly boost demand for bio-based ethylene glycol in the upcoming years, supporting the EU’s goal of a greener chemical industry.
The ethylene glycol market in Europe is forecasted to grow significantly shortly, fueled by rising demand for PET resins and polyester fibers. The increasing inclination towards sustainable and eco-friendly products is also expected to support this growth. However, the market might face obstacles, such as volatile raw material prices and growing competition from alternative products. Despite these challenges, the overall trend towards greener solutions and strong demand for key applications are likely to drive substantial expansion in the European ethylene glycol market.
According to Dhaval, Research Manager, 6Wresearch, Monoethylene Glycol (MEG) is expanding the most in the Europe Ethylene Glycol market. This is explained by its numerous uses, including the manufacture of polyester fibers and resins for the packaging, automotive, and textile sectors.
The segment that is growing more in the market is Renewable Resources. This can be attributed to the rising focus on sustainable as well as environmentally friendly production methods. The use of renewable resources not only reduces carbon emissions but also helps in reducing dependence on fossil fuels.
The Polyethylene terephthalate segment holds a substantial share of the market due to its widespread application in manufacturing plastic bottles as well as containers.
Germany holds the largest share in the Europe Ethylene Glycol market due to its advanced industrial sector as well as rising demand for automotive products. The German market is anticipated to keep expanding steadily as a result of infrastructure and technological advances.
The Europe Ethylene Glycol Market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Ethylene Glycol Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Ethylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Ethylene Glycol Market - Industry Life Cycle |
3.4 Europe Ethylene Glycol Market - Porter's Five Forces |
3.5 Europe Ethylene Glycol Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Ethylene Glycol Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Europe Ethylene Glycol Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Europe Ethylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Ethylene Glycol Market Trends |
6 Europe Ethylene Glycol Market, 2021 - 2031 |
6.1 Europe Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
6.2 Europe Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Ethylene Glycol Market, 2021 - 2031 |
7.1 Germany Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2 Germany Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Ethylene Glycol Market, 2021 - 2031 |
8.1 United Kingdom Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
8.2 United Kingdom Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Ethylene Glycol Market, 2021 - 2031 |
9.1 France Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
9.2 France Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Ethylene Glycol Market, 2021 - 2031 |
10.1 Italy Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
10.2 Italy Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Ethylene Glycol Market, 2021 - 2031 |
11.1 Russia Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
11.2 Russia Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Ethylene Glycol Market, 2021 - 2031 |
12.1 Spain Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
12.2 Spain Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Ethylene Glycol Market, 2021 - 2031 |
13.1 Rest of Europe Ethylene Glycol Market, Revenues & Volume, By Product, 2021 - 2031 |
13.2 Rest of Europe Ethylene Glycol Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Ethylene Glycol Market Key Performance Indicators |
15 Europe Ethylene Glycol Market - Opportunity Assessment |
15.1 Europe Ethylene Glycol Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Ethylene Glycol Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Europe Ethylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Ethylene Glycol Market - Competitive Landscape |
16.1 Europe Ethylene Glycol Market Revenue Share, By Companies, 2024 |
16.2 Europe Ethylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |