Glycol-based Fluids Industry Global Overview: Market Size, Growth Insights and Forecast
Report ID : 1322741 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Glycol-based Fluids Industry is categorized based on Type (Ethylene Glycol, Propylene Glycol, Butylene Glycol, Glycerin-based Glycols) and Application (Automotive, Industrial, HVAC, Food and Beverage, Pharmaceuticals) and End-User Industry (Chemical Manufacturing, Transportation, Construction, Agriculture, Energy and Power) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Glycol-based Fluids Industry, valued at $4.5 billion in 2023, is anticipated to expand to $7.2 billion by 2033 at a CAGR of 5.0% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.
The market for glycol-based fluids has developed into a crucial segment within a variety of industries owing to the growing use of products that require heat transfer and antifreeze systems. Ethylene glycol and propylene glycol which are glycol-based fluids, have a large application base in the automotive, HVAC, and manufacturing industries. These fluids are highly sought after due to their low freezing points and outstanding thermal stability which are necessities in the processes that require stringent temperature control and corrosion protection.
Allied Market Research expects the global glycol-based fluids market to exhibit significant growth in the coming years as industries shift towards environmentally-friendly practices. The enhancements made to the formulations and applications of these fluids are increasing their performance, allowing for their use in non-conventional processes. Moreover, such changes in the attitudes of the consumers are motivating the manufacturers to use less harmful and bio-based glycols, thus, increasing their focus towards eco-friendly solutions.
The wide range of opportunities available within the glycol-based fluids market makes it crucial for key stakeholders to understand the trends, competitors, and regulations in this market. It is for this reason that we help our clients with our extensive market research and analysis report. With the reports, clients are fully equipped to make considerate, accommodating, and astonishingly competitive decisions.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | BASF SE, Dow Inc., Huntsman Corporation, LyondellBasell Industries, Shell Chemicals, SABIC, Eastman Chemical Company, Ineos Group, Repsol S.A., Clariant AG, Ashland Global Holdings Inc. |
| SEGMENTS COVERED |
By Type - Ethylene Glycol, Propylene Glycol, Butylene Glycol, Glycerin-based Glycols
By Application - Automotive, Industrial, HVAC, Food and Beverage, Pharmaceuticals
By End-User Industry - Chemical Manufacturing, Transportation, Construction, Agriculture, Energy and Power
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Glycol-based Fluids Industry Dynamics
The Glycol-based Fluids Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Glycol-based Fluids Industry Segmentations
Market Breakup by Type
- Overview
- Ethylene Glycol
- Propylene Glycol
- Butylene Glycol
- Glycerin-based Glycols
Market Breakup by Application
- Overview
- Automotive
- Industrial
- HVAC
- Food and Beverage
- Pharmaceuticals
Market Breakup by End-User Industry
- Overview
- Chemical Manufacturing
- Transportation
- Construction
- Agriculture
- Energy and Power
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Glycol-based Fluids Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- BASF SE
- Dow Inc.
- Huntsman Corporation
- LyondellBasell Industries
- Shell Chemicals
- SABIC
- Eastman Chemical Company
- Ineos Group
- Repsol S.A.
- Clariant AG
- Ashland Global Holdings Inc.
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Company Profiling
● Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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