The global Diethylene Glycol market size was USD 4.28 Billion in 2022 and is expected to reach USD 5.99 Billion in 2032, and register a rapid revenue CAGR of 3.8% during the forecast period. Rising demand for Polyester Resins, polyurethanes, and Plasticizers and increasing rising use of DEG in the production of adhesives, dyes, and Solvents, are major factors driving market revenue growth.

Major end-user of DEG is the automobile sector. Use of Polyethylene Terephthalate (PET) fibers and resins, which need DEG as a raw ingredient, is increasing as demand for lightweight automobiles with improved fuel efficiency is rising. 

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Major Companies:

• Dow Chemical Company
• SABIC
• Shell Chemicals
• BASF SE
• Reliance Industries Limited
• Lotte Chemical Corporation
• Huntsman Corporation
• Sinopec Corp
• Formosa Plastics Group
• Nanjing Chengzhi Clean Energy Co., Ltd.

Key questions addressed in the report:

• What is the expected market size of the global Diethylene Glycol market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Diethylene Glycol market?

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Diethylene Glycol Market Segmentation:

By Product Type Outlook: 

• Mono DEG
• Diethylene Glycol
• Triethylene Glycol
• Others

By End-Use Outlook: 

• Polyester Resins
• Unsaturated Polyester Resins
• Plasticizers
• Personal Care and Pharmaceuticals
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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