Ethylene Glycol Market Segmentation:
End-user Segment Analysis
The global ethylene glycol market is segmented and analyzed for demand and supply by end-use industry into textile, automotive, packaging, oil & gas, transportation, medical, and others. Out of these, the textile segment is expected to garner the highest market shares by 2035, owing to the large production of textile production. According to recent data, the worldwide production volume of textile fibers rose from 100 thousand metric tons in 2017 to 110 thousand metric tons in 2020. In addition, the rapid adoption of polyester fibers owing to its usage as a cushioning material in pillows, comforters, and upholstery padding is consequently projected to drive the segment for ethylene glycol in the forecast.
Application Segment Analysis
The global ethylene glycol market is also segmented and analyzed for demand and supply by application into polyester fibers, PET, antifreeze & coolants, films, and others. Out of these, the PET segment is projected to hold the most significant share of the market with a remarkable CAGR value during the forecast period. As a result of changing lifestyles of consumers and the rapid expansion of the packaging industry, the usage of polyethylene terephthalate (PET) is estimated to grow for a variety of consumer goods products. PET is being widely used for producing food containers and bottles which is effective in storing food items for a long period of time. Also, various advantages offered by PET containers such as low toxicity, high longevity, enhanced strength, and robust durability make it an ideal option for manufacturers and producers.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Manufacturing Process |
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By Application |
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By End User Industry |
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