The global ethylene oxide and ethylene glycol market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Ethylene glycol's versatility in industries such as automotive, textile, packaging, and construction fuels demand, especially in emerging economies. Its crucial role in polyester fiber production, coupled with its use as an antifreeze agent in automobiles, amplifies market expansion. Technological advancements and research investments contribute to enhanced product quality and efficiency. Moreover, the adoption of bio-based alternatives to meet sustainability goals further boosts market prospects. With the increasing applications and advancements in production technologies, the global ethylene oxide and ethylene glycol market are poised for sustained growth during the forecast period. To meet the growing demand key players are coming with new product launches.
Browse the full report description of “Ethylene Oxide and Ethylene Glycol Market Size, Share & Trends Analysis Report by Ethylene Oxide Product (Ethylene Carbonate, Ethanolamines, Glycol Ethers, and Others),Ethylene Glycol Product (Monoethylene Glycol, Triethylene Glycol, Diethylene Glycol, Polyethylene Terephthalate, and Others), and Ethylene oxide and Ethylene Glycol Application (Polyester Fibers, PET Resins, Antifreeze, Brake Fluids, Surfactants, Automotive Coolants, Plastics, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ethylene-oxide-and-ethylene-glycol-market
For instance, in March 2024, BMW is set to introduce its latest generation 5 Series, debuting initially as the i5 variant through the CBU route. The i5, spearheaded by the top-tier i5 M60 xDrive, will make its debut in India, marking the advent of the electric luxury sedan. The i5 will be produced in limited numbers, ensuring exclusivity. With a robust powertrain boasting 601 hp and 820 Nm torque, the i5 M60 xDrive accelerates from 0 to 100 km/h in just 3.8 seconds. It boasts a WLTP range of up to 516 km and features M-specific design elements, including performance brakes, a rear spoiler, and an illuminated grille in Blue.
Further, in March 2024, PACCAR Parts introduced TRP ALLCOOL, an Australian-made coolant formulated with ethylene glycol to safeguard engines from overheating and freezing. Originally designed as a factory fill coolant, TRP ALLCOOL surpasses many OEM requirements when properly maintained. It protects diesel engines from liner pitting and scale deposits while preventing corrosion of metal components in the cooling system. Available in premixed and concentrate formulas and various sizes, TRP ALLCOOL offers universal ethylene glycol anti-freeze and anti-boil properties.
Furthermore, in October 2022, Fernox expands its product range with Heat Transfer Fluid HP-EG, a high-performance inhibited antifreeze containing ethylene glycol for air and ground source heat pump systems. Supplied in concentrated form, Fernox HP-EG extends the lifespan of heat pump systems by safeguarding against corrosion and limescale buildup. Additionally, it provides freeze protection within a temperature range of -10°C to -33°C. With ethylene glycol as its base, this product is specifically formulated for air and ground source heat pumps, with one 20-liter drum treating up to 80 liters. Fernox HP-EG offers lower viscosity compared to propylene glycol-based alternatives, resulting in reduced energy consumption during system circulation.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031.
• Segment Covered-
o Ethylene Oxide Products
o Ethylene Glycol Products
o Ethylene Oxide and glycol Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesBASF SE, China Petrochemical Corporation, INEOS GROUP HOLDINGS S.A, Reliance Industries Limited, Saudi Basic Industries Corporation, and Shell PLCamong others.
Key questions addressed by the report
Global Ethylene oxide and Ethylene Glycol Market Report Segment
Ethylene Oxide Products
Ethylene Glycol Products
By Ethylene Oxide and Glycol Application
Global Ethylene oxide and Ethylene Glycol Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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