Ethylene Glycol market to reach USD 67.1 billion by 2032, driven by various industries

From GlobeNewswire: 2024-12-04 05:30:00

The Ethylene Glycol Market is set to reach USD 67.1 billion by 2032, growing steadily due to demand from automotive, textiles, and packaging industries. Sustainable production methods and investments are also shaping the market’s growth trajectory.

Monoethylene glycol (MEG) leads the market, generating USD 27.6 billion in revenue in 2023. MEG’s versatile applications in producing polyester fibers and PET resins are propelling its rapid growth in the industry.

The U.S. ethylene glycol market, valued at USD 9.7 billion in 2023, is experiencing significant growth driven by demand across automotive, construction, and textile sectors. Ethylene glycol plays a critical role in producing essential products like antifreeze, coolants, and polyester fibers, supporting sustainability efforts in various industries.



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