Diethylene glycol is a clear, colourless, and odourless liquid with the chemical formula C4H10O3. It is miscible with water, alcohol, ether, and acetone. DEG is similar in properties to MEG (mono ethylene glycol), but DEG has a higher boiling point, viscosity, and specific gravity.
ArChem provides DEG and other raw chemical materials such as MEA, DEA, and TEG for various industrial applications. Additionally, ArChem provides customers with other chemical products including Plasticizers, organic solvents, etc. for further information please contact our technical sales team in ArChem.
Diethylene glycol (DEG) market
The global Diethylene Glycol (DEG) market size was valued at USD 4.28 billion in 2022 and is expected to reach USD 5.99 Billion in 2032, growing at a CAGR of 3.8% in the forecast period (2022-2032).
The global Diethylene glycol market is segmented by application (plasticizer, chemical intermediate, lubricant, personal care, and others), end-use industry (plastic industry, paints and coatings, agrochemical, personal care, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The Asia-Pacific dominated the global DEG market in 2022 and will be the fastest-growing market due to rapid industrialization.
Diethylene glycol (DEG) market growth drivers
The Diethylene Glycol market is influenced by several key factors including:
Demand in the plastics and polymer industry
DEG is used as a raw chemical material in the production of polyester resins, which are essential for producing plastics, films, and fibers. The growing demand for plastics in packaging, construction, and consumer goods sectors is significantly driving the DEG market.
Demand in the construction sector
The construction industry relies on DEG for the production of plasticizers. Due to the urbanization and industrialization, the construction sector is witnessing steady growth. This trend is expected to continue in the forecast period (2022-2032).
Personal care and pharmaceuticals
DEG is used as a solvent in the personal care and pharmaceutical industries. The increasing demand for personal care products, particularly in developing regions, is contributing to the growth of the DEG market.
Advancements and innovations
Advancements in chemical manufacturing technologies and the development of new applications for DEG are driving market growth. Plus, research and development efforts are expanding the new uses of DEG, providing growth opportunities.
Diethylene glycol (DEG) price trend
The price trend of DEG is influenced by some factors, including raw material costs, supply-demand dynamics, and market conditions.
- Ethylene oxide is a key raw material for DEG production. It is derived from ethylene, which is a petroleum-based product. Fluctuations in crude oil prices directly impact ethylene costs and consequently, the price of DEG.
- The balance between supply and demand is very important in determining DEG prices. An increase in demand from key industries such as plastics can drive prices up. Conversely, an oversupply can lead to price decreases.
- The production capacity of DEG manufacturing facilities affect market supply. Capacity expansions or unexpected shutdowns can impact the price of DEG.
- Environmental regulations related to chemical manufacturing can affect production costs and market prices. Compliance with regulations may lead to increased operational expenses and consequently, the price of DEG.
Overall, a combination of these factors along with market dynamics, influences the pricing of DEG in the market. Our experts in ArChem monitor and analyze various aspects of the global DEG market. They analyze various segments and provide an analysis of the market performance in the long term. This would be useful for our customers to plan their future investments, understand the cost dynamics, and gain awareness about the behaviour of competitors across the globe.
FAQ
What is the price of DEG in the market?
ArChem raw chemical materials can be purchased in a variety of volumes. Depending on your orders, prices are different. For more information about DEG price, please contact our technical sales team in ArChem.
What is the DEG Market size?
The global Diethylene Glycol (DEG) market size was valued at USD 4.28 billion in 2022 and is expected to reach USD 5.99 Billion in 2032, growing at a CAGR of 3.8% in the forecast period (2022-2032).
What is DEG?
Diethylene glycol (DEG) is a clear, colourless, and odourless liquid with a sweetish taste. It is soluble in water and many organic solvents. DEG is widely used in the plastic industry as raw material for the production of plasticizers and synthetic sponges.
What is the CAS number of DEG?
The CAS number of DEG is 111-46-6.
What is the HS code for DEG?
The HS code of DEG is 29094100.