Monoethylene Glycol Market Analysis

End-user (Textile, Automotive, Packaging, Oil & Gas, Transportation, Medical)

The global monoethylene glycol market is segmented and analyzed for demand and supply by end-user into textile, automotive, packaging, oil & gas, transportation, medical, and others. Out of these segments, the textile segment is expected to hold the highest market growth by the end of the year 2037. The growth of the segment can be attributed to the dynamically surging demand for textiles throughout the world, coupled with the rising demand for polyester fiber in the textile sector that has initiated the increased manufacturing of monoethylene glycol. For instance, the global textile sector was valued at roughly USD 1.6 trillion in 2022, and it is expected to expand at a rate of 4 - 5% each year over the next coming years. Such outstanding growth in the textile industry is estimated to immensely drive the growth of the market during the forecast period.

Application (Polyester Fibers, PET, Antifreeze & Coolants, Films)

The global monoethylene glycol market is also segmented and analyzed for demand and supply by application into polyester fibers, PET, antifreeze & coolants, films, and others. Amongst these five segments, the PET segment is expected to garner a soaring share owing to its high tensile strength, effective UV resistance, sound optical clarity, and so on. Furthermore, this segment is also estimated to grasp a large market share backed by the growing use of polyethylene terephthalate (PET) in the production of several types of consumer goods, followed by the highly increasing use of PET in the packaging industry as a result of its high effectivity as a vapor barrier. On the other hand, the polyester fibers segment is projected to witness a significant CAGR during the forecast period, owing to its widespread utilization in industries such as electronics for electrical insulation, resins, the textile industry, and so on.

Our in-depth analysis of the global market includes the following segments:

By Application

Polyester Fibers
PET, Antifreeze & Coolants
Films
Others

By End-User

Textile
Automotive
Oil & Gas
Medical
Others

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of monoethylene glycol is estimated at USD 31.53 billion.

The monoethylene glycol market size was valued at USD 30.2 billion in 2024 and is expected to cross USD 60.33 billion by the end of 2037, registering more than 5.6% CAGR during the forecast period i.e., between 2025-2037. Rapid extension in textile industry, increasing expansion of chemical industry across the globe, rise in demand and production of vehicles will drive the market growth.

Asia Pacific industry is anticipated to account for largest revenue share by 2037, owing to increasing growth in numerous end-use industries, including textile, automotive, packaging in the region.

The major players in the market include Kuwait Petroleum Corporation, Akzo Nobel N.V., Clariant International Ltd, LOTTE Chemical Corporation, Formosa Plastics Corporation, U.S.A., Exxon Mobil Corporation, Huntsman International LLC, Saudi Basic Industries Corporation (SABIC), BASF SE.

Monoethylene Glycol Market Analysis