Ethylene Glycol Market By Application (Polyester fibers, PET resins, automotive antifreeze, and others) & Geography — Global Trends & Forecasts to 2019

Ethylene glycol is a chemical which is commonly used in many commercial and industrial applications.  The global ethylene glycol market, along with its end products, has witnessed growth in the past few years. And this growth is estimated to increase in the future.

Ethylene glycol has many applications. It is used in textile industry as polyester fibers, as PET Resins in packaging industry, and also as antifreeze for automobiles. Almost 60% of the total ethylene glycol demand in 2014 was for the polyester fiber application. The PET resin industry was the second fastest-growing in the end-use segments, primarily due to high penetration in all the regions.

Strong demand for polyester fibers and PET resins drives the ethylene glycol market. Polyester fibers are used in manufacturing clothing and apparels while PET resins are extensively used in the packaging industry for packaging water, cold drinks, and other beverages in bottles, also known as PET bottles. This study estimated the global market of ethylene glycol for 2014 and aims to project its demand by the year 2019.

In this report, competitive scenarios of the top players in the ethylene glycol market have been discussed in detail. Leading players of this industry have also been profiled with respect to their recent developments and other strategic industry activities. They include key ethylene glycol manufacturers such as Eastman (North America), Shell Chemicals (Russia), Nan Ya Plastics (Asia-Pacific), Reliance (Asia-Pacific), and Sinopec (Asia-Pacific).

Scope of the report:

This research report categorizes the global market for ethylene glycol on the basis of applications, end-user industries, and geography along with forecasting volume, value, and analyzing trends in each of the submarkets.

On the basis of applications:

• Polyester fibers
• PET resins
• Automotive and antifreeze
• Others

Each application is described in detail in the report with volume and revenue forecasts for each application.

On the basis of geography:

• Asia-Pacific
• North America
• Europe
• RoW

The market is further analyzed for key countries in each of these regions.

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of Ethylene Glycol Market
    2.2 Arriving at the Ethylene Glycol Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Ethylene Glycol Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Ethylene Glycol Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Global Ethylene Glycol in Polyester Fiber, By Geography
    5.3 Ethylene Glycol Market in Pet Resin, By Geography
    5.4 Ethylene Glycol Market in Automotive Antifreeze, By Geography

6 Ethylene Glycol Market, By Geography (Page No. - 37)
    6.1 Introduction
    6.2 North America Ethylene Glycol Market
           6.2.1 North America Ethylene Glycol Market, By Application
    6.3 European Ethylene Glycol Market
           6.3.1 European Ethylene Glycol Market, By Application
    6.4 Asia-Pacific Ethylene Glycol Market
           6.4.1 Asia-Pacific Ethylene Glycol Market, By Application

7 Ethylene Glycol Market: Competitive Landscape (Page No. - 47)
    7.1 Ethylene Glycol Market: Company Share Analysis
    7.2 New Product Development
    7.3 Expansions
    7.4 Joint Ventures

8 Company Profile (Page No. - 52)
(Overview, Products and Services, Financials, Strategy & Development)*
    8.1 Eastmanchemical Company
    8.2 Shell Chemicals Ltd.
    8.3 Nan Ya Plastics Corporation
    8.4 Reliance Industries Limited
    8.5 Sinopec
    8.6 Ineos Oxide
    8.7 Formosa Plastics Group
    8.8 Meglobal B.V.
    8.9 DoW Chemical Company
    8.10 BASF Chemicals
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not be Captured in Case of Unlisted Companies.

9 Appendix (Page No. - 78)
    9.1 Customization Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Ethylene Glycol Usage Data
           9.1.5 Impact Analysis
           9.1.6 Trade Analysis
           9.1.7 Historical Data and Trends
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (39 Tables)

Table 1 Global Ethylene Glycol Peer Market Size, 2014 (USD MN)
Table 2 Global Ethylene Glycol Application Market, 2014 (KT)
Table 3 Global Ethylene Glycol Market: Comparison With Parent Market,2013 – 2019 (USD MN)
Table 4 Global Ethylene Glycol Market: Comparison With Parent Market,2013–2019 (KT)
Table 5 Ethylene Glycols Market: Drivers and Inhibitors
Table 6 Ethylene Glycols Market, By Application, 2013 - 2019 (USD MN)
Table 7 Ethylene Glycols Market, By Application, 2013 - 2019 (KT)
Table 8 Global Ethylene Glycols Market: Comparison With Application Market, 2013 – 2019 (USD MN)
Table 9 Global Ethylene Glycols Market: Comparison With Application Market, 2013 – 2019 (KT)
Table 10 Global Ethylene Glycols Market, By Application, 2013 - 2019 (USD MN)
Table 11 Global Ethylene Glycols Market, By Application, 2013- 2019 (KT)
Table 12 Ethylene Glycols Market in Polyester Fiber, By Geography,2013 - 2019 (USD MN)
Table 13 Ethylene Glycols Market in Polyester Fiber, By Geography, 2013 - 2019 (KT)
Table 14 Global Ethylene Glycols Market in Pet Resin, By Geography,2013 - 2019 (USD MN)
Table 15 Global Ethylene Glycols Market in Pet Resin, By Geography, 2013 - 2019 (KT)
Table 16 Global Ethylene Glycols Market in Automotive Antifreeze, By Geography, 2013 - 2019 (USD MN)
Table 17 Global Ethylene Glycols Market in Automotive Antifreeze, By Geography, 2013 - 2019 (KT)
Table 18 Global Ethylene Glycols Market, By Geography, 2013- 2019 (USD MN)
Table 19 Global Ethylene Glycols Market, By Geography, 2013 - 2019 (KT)
Table 20 North America Ethylene Glycols Market, By Application, 2013-2019 (USD MN)
Table 21 North America Ethylene Glycols Market, By Application, 2013-2019 (KT)
Table 22 European Ethylene Glycols Market, By Application, 2013 – 2019 (USD MN)
Table 23 European Ethylene Glycols Market, By Application, 2013 - 2019 (KT)
Table 24 Asia-Pacific Ethylene Glycols Market, By Application, 2013 - 2019 (USD MN)
Table 25 Asia-Pacific Ethylene Glycols Market, By Application, 2013-2019 (KT)
Table 26 Ethylene Glycols Market: Company Share Analysis, 2014 (%)
Table 27 Global Ethylene Glycols Market: New Product Development
Table 28 Global Ethylene Glycols Market: Expansions
Table 29 Global Ethylene Glycols Market: Joint Ventures
Table 30 Eastman: Key Financials, 2010 - 2013 (USD MN)
Table 31 Shell Chemicals: Key Financials, 2009 - 2013 (USD MN)
Table 32 Nan Ya Plastics. Key Financials Data, 2010 - 2014 (USD MN)
Table 33 Reliance Industries Limited, Key Financials, 2009 - 2013 (USD MN)
Table 34 Sinopec Key Operations Data, 2009 - 2013 (USD MN)
Table 35 Ineos Key Financials, 2010 - 2013 (USD MN)
Table 36 Formosa Plastics Group: Key Financials, 2009 - 2013 (USD MN)
Table 37 DoW Chemical Company: Key Financials, 2010 - 2013 (USD MN)
Table 38 BASF Key Operations Data, 2009 - 2013 (USD MN)
Table 39 BASF Key Financials, 2009 - 2013 (USD MN)

List of Figures (34 Figures)

Figure 1 Global Ethylene Glycol Market: Segmentation & Coverage
Figure 2 Ethylene Glycol Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Global Ethylene Glycols Market Snapshot
Figure 8 Ethylene Glycols Market: Growth Aspects
Figure 9 Global Ethylene Glycols Market, By Application, 2014 vs 2019
Figure 10 Ethylene Glycols: Application Market Scenario
Figure 11 Global Ethylene Glycols Market, By Application, 2014 – 2019 (USD MN)
Figure 12 Global Ethylene Glycols Market, By Application, 2014 – 2019 (KT)
Figure 13 Global Ethylene Glycols Market in Polyester Fiber, By Geography,2013 - 2019 (USD MN)
Figure 14 Global Ethylene Glycols Market in Pet Resin, By Geography,2013 - 2019 (USD MN)
Figure 15 Global Ethylene Glycols Market in Automotive Antifreeze, By Geography, 2013 – 2019 (USD MN)
Figure 16 Global Ethylene Glycols Market: Growth Analysis, By Geography,2014-2019 (USD MN)
Figure 17 Global Ethylene Glycols Market: Growth Analysis, By Geography,2014-2019 (KT)
Figure 18 North America Ethylene Glycols Market, By Application, 2013-2019
Figure 19 North America Ethylene Glycols Market: Application Snapshot
Figure 20 European Ethylene Glycols Market, By Application, 2013-2019
Figure 21 European Ethylene Glycols Market: Application Snapshot
Figure 22 Asia-Pacific Ethylene Glycols Market, By Application, 2013 - 2019
Figure 23 Asia-Pacific Ethylene Glycols Market: Application Snapshot
Figure 24 Ethylene Glycols Market: Company Share Analysis, 2014
Figure 25 Eastman, Business Overview, 2013
Figure 26 Eastman, Key Financial Overview, 2009-2013
Figure 27 Shell Chemicals, Business Overview, 2013
Figure 28 Shell Chemicals Ltd., Key Financial Overview, 2013
Figure 29 Nan Ya Plastics Revenue Mix, 2013 (%)
Figure 30 Nan Ya Plastics Corporation Revenues, 2010-2014 (USD MN)
Figure 31 Reliance Industries Limited, Reveue Mix, 2013
Figure 32 Reliance Industries Revenues, 2009-2013 (USD MN)
Figure 33 Sinopec Key Financials, 2009 - 2013 (USD BN)
Figure 34 Ineos, Business Overview, 2013

Ethylene glycol is an organic compound which has various applications across industries. It is used as a raw material in the production of a wide range of products including polyester fibers for clothes, upholstery, carpet and pillows; fiberglass used in products such as jet skis, bathtubs, and bowling balls; and polyethylene terephthalate resin used in packaging film and bottles. Many of these products are energy saving and cost efficient as well as recyclable.

The market for ethylene glycol (EG) is being driven by strong demand in the downstream applications and end-user markets, especially polyester fibers and PET resin which are extensively used in textile and food and beverage industries. Ethylene glycol-based polyester fibers are broadly used in the textile industry. Fabrics made from polyester are extensively used in apparel and home furnishings, bed sheets, blankets, upholstered furniture, and computer mouse mats. Industrial polyester fibers are used in tire reinforcements, safety belts, coated fabrics, fabrics for conveyer belts, and so on. PET resin is widely employed in manufacturing bottles and containers that are used in the food and beverage industry.

The major hurdle which is currently inhibiting the growth of the market is high volatility in the prices of crude oil. With crude oil prices moving upwards, the price trends are expected to reflect in the ethylene prices which is an important raw material for ethylene oxide and ethylene glycol production. The crude oil price volatility is expected to reflect in the prices of EG. The uptrend in EG prices is likely to prompt EG producers to increase their prices and pass the burden of rising feedstock costs to the buyers that could hamper the market.

The global ethylene glycol market was valued at $25,468.7 million in 2014 and is projected to reach $33,514.1 million by 2019, at a CAGR of 5.6% during the forecast period. The market, by consumption, was led by polyester fibers in 2014, with 57.2% share. It is projected to reach a volume of 19,677.4 KT, at a CAGR of 6.1% from 2014 to 2019. Asia-Pacific is a key market for ethylene glycol market globally.