Indonesia Ethylene Glycol Market (2024-2030) Outlook | Analysis, Trends, Industry, Size, Companies, Share, Value, Growth, Revenue & Forecast

Indonesia Ethylene Glycol Market Synopsis

The Indonesia ethylene glycol market was valued at USD 1.2 billion in 2019 and is projected to reach a value of USD 682 million by 2025, registering a CAGR of 7.4% during the forecast period. Indonesia is expected to witness strong demand for ethylene glycol from various end-use industries such as automotive, textile, home & personal care products and packaging materials over the coming years. The country has also witnessed the increasing consumption of polyester fibers due to their attractive properties like high strength and durability which are driving the market growth for ethylene glycol in this country.

Drivers of the Market

The Indonesia Ethylene Glycol market is poised for substantial growth due to a confluence of drivers that have created a favorable environment for its expansion. Ethylene glycol, a crucial industrial chemical, finds extensive application in the production of polyester fibers, antifreeze, and various industrial processes. The automotive and textile industries are driving a significant portion of demand, as ethylene glycol is a key ingredient in the production of engine coolant and polyester-based textiles. The automotive sector`s rapid growth, supported by rising disposable income and urbanization, is propelling the demand for antifreeze solutions. Moreover, the increased focus on sustainable packaging and eco-friendly textiles has led to a surge in demand for ethylene glycol-based materials. The expanding middle-class population`s growing purchasing power is also contributing to the escalating demand for consumer goods that utilize ethylene glycol. Furthermore, the versatility of ethylene glycol, coupled with its application in the pharmaceutical and construction industries, is fueling its adoption.

Challenges of the Market

The Indonesia Ethylene Glycol market faces several challenges despite its growth potential. One significant challenge is the fluctuation in raw material prices, particularly the price of ethylene, which can impact the overall cost of production and subsequently affect market stability. Additionally, environmental concerns related to the production and disposal of ethylene glycol, as well as its potential impact on water sources, require stringent regulatory compliance and sustainable practices. The market also needs to address the growing competition from alternative products and materials that aim to offer similar functionalities while being more environmentally friendly.

COVID-19 Impact on the Market

In the Indonesia Ethylene Glycol market, the pandemic initially led to disruptions in supply chains and a decline in demand as industries scaled back operations. However, as the economy gradually adapted to new norms, there emerged a growing focus on health and hygiene, driving demand for products like hand sanitizers and disinfectants that contain ethylene glycol as a key ingredient. This shift presented opportunities for companies to diversify their product portfolios and cater to evolving consumer needs.

Key Players in the Market

In the Indonesia Ethylene Glycol market, prominent companies such as PT Chandra Asri Petrochemical Tbk and PT Polychem Indonesia Tbk are significant contributors. These companies are known for their production of ethylene glycol, which finds application in diverse industries including automotive, textiles, and packaging.

Key Highlights of the Report:

• Indonesia Ethylene Glycol Market Outlook
• Market Size of Indonesia Ethylene Glycol Market, 2023
• Forecast of Indonesia Ethylene Glycol Market, 2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Revenues & Volume for the Period 2020-2030
• Indonesia Ethylene Glycol Market Trend Evolution
• Indonesia Ethylene Glycol Market Drivers and Challenges
• Indonesia Ethylene Glycol Price Trends
• Indonesia Ethylene Glycol Porter's Five Forces
• Indonesia Ethylene Glycol Industry Life Cycle
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By MEG for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By DEG for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By TEG for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By PET for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By Polyester Fiber for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By Antifreeze for the Period 2020-2030
• Historical Data and Forecast of Indonesia Ethylene Glycol Market Revenues & Volume By Films for the Period 2020-2030
• Indonesia Ethylene Glycol Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Indonesia Ethylene Glycol Top Companies Market Share
• Indonesia Ethylene Glycol Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Ethylene Glycol Company Profiles
• Indonesia Ethylene Glycol Key Strategic Recommendations