Diethylene glycol (also known as DEG and 2,2-oxydiethanol) is a clear, colorless liquid with the chemical formula C4H10O3. It is soluble both in water and in many organic compounds. DEG is widely used in the plastic industry as raw material for the production of plasticizers and synthetic sponges. Plus, it is used as dehydrant in the natural gas industry.
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 DEG market growth is driven by increased demand from the construction, paints and coatings industries in emerging economies, particularly India and China.
Diethylene glycol specifications
Diethylene glycol is produced by partial hydrolysis of ethylene oxide. DEG is used in leather processing, printing inks, paper and pulp industry, and tobacco manufacturing. Plus, it is used as a raw material for thermoplastic polyurethanes, plasticizers, and polyester resins.
DEG specifications | |
CAS No. | 111-46-6 |
HS Code | 29094100 |
| Packaging | Drum |
Diethylene glycol 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). Increasing use of DEG in the production of adhesives, dyes, and Solvents, are major factors driving DEG market growth.
The Asia-Pacific dominated the global DEG market in 2022 and will be the fastest-growing market due to rapid industrialization.
Diethylene glycol market, by application
Based on application, the Diethylene Glycol market has been segmented into:
- Plasticizer
- Chemical intermediate
- Lubricant
- Personal care
- Others
The plasticizer segment contributed to the highest market share in 2022, and is expected be the fastest-growing market during the forecast period.
Diethylene glycol market, by end-use industry
Based on end-use industry, the Diethylene Glycol market has been segmented into:
- Plastic industry
- Paints and coatings
- Agrochemical
- Personal care
- Others
Based on end-use industry, the plastic industry held the highest share in 2022, and is estimated to maintain its lead position during the forecast period.
Diethylene glycol market, by region
Based on region, the Diethylene Glycol market has been segmented into:
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East & Africa
Asia-Pacific accounted for the largest market share in 2022, and is expected to maintain its situation by 2030. Plus, this segment is expected to witness the fastest CAGR of 5.2% during the forecast period.
Diethylene glycol market drivers
The Diethylene glycol market is driven by its use in the production of polyester resins and polyethylene terephthalate (PET). The growth in the polyester industry, directly impacts the demand for DEG. textile industry in emerging economies with growing populations, plays a crucial role in this growth. Plus, using PET in packaging due to its recyclability further amplifies the demand for DEG.
The Asia-Pacific dominated the global DEG market in 2022 and will be the fastest-growing market due to rapid industrialization.
Diethylene glycol market opportunities
DEG has a high boiling point and hygroscopic liquid. It is extensively employed in the creation of plasticizers, antifreeze agents, and polyester resins. The increasing demand for PET, which is used to make a variety of plastic items, is anticipated to the growth of the DEG segment.
The rising demand for polyester resins, plasticizers, and other industrial products is predicted to offer growth opportunities to the market over the forecast period. Using DEG in different sectors, including textiles, adhesives, and chemical intermediates are projected to foster the market growth of DEG in the forecast period (2022-2032).
FAQ
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). Increasing use of DEG in the production of adhesives, dyes, and Solvents, are major factors driving DEG market growth.
What are DEG market drivers?
The Diethylene glycol market is driven by its use in the production of polyester resins and polyethylene terephthalate (PET). Textile industry in emerging economies with growing populations, plays a crucial role in this growth. Additionally, using PET in packaging due to its recyclability further amplifies the demand for DEG.
What is the fastest growing region in DEG market?
The Asia-Pacific dominated the global DEG market in 2022 and will be the fastest-growing market due to rapid industrialization.
What is Diethylene glycol?
Diethylene glycol (DEG) is a clear, colourless, and odourless liquid with a sweetish taste. It is used in the manufacture of unsaturated polyester resins, polyurethanes and plasticizers.