The Diethylene Glycol (DEG) market is a significant segment in the global chemicals and materials industry, witnessing substantial growth due to its diverse applications across various industries such as automotive, construction, textiles, and consumer goods. According to the latest market analysis by Straits Research, the Diethylene Glycol (DEG) market size was valued at USD 2,824.53 Million in 2024. This figure is projected to grow from USD 2,937.51 Million in 2025 to USD 4,020.19 Million by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4% during the forecast period from 2025 to 2033.
Market Definition and Overview
Diethylene Glycol (DEG) is a colorless, odorless, and tasteless chemical compound that is used in a variety of industrial applications, most notably in antifreeze products, plastics, and as a solvent. It is also used in the production of resins, surfactants, and as a humectant in the food and pharmaceutical industries. The increasing demand for DEG across a variety of end-use industries, especially automotive and construction, is expected to drive the market’s growth.
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Market Highlights
- The global Diethylene Glycol (DEG) market size is forecasted to experience steady growth during the upcoming years.
- The market is poised to reach USD 4,020.19 Million by 2033, growing at a CAGR of 4%.
- The market is primarily driven by the increasing use of DEG in the automotive and construction sectors, particularly for antifreeze products and other chemical applications.
- The Asia-Pacific region dominates the global DEG market due to its strong manufacturing base, while Europe is expected to be the fastest-growing region in the coming years.
FAQs
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What is the current market size of Diethylene Glycol (DEG)?
The Diethylene Glycol (DEG) market was valued at USD 2,824.53 Million in 2024. -
What is the projected market growth rate for DEG?
The DEG market is projected to grow at a CAGR of 4% from 2025 to 2033. -
Which region is expected to dominate the Diethylene Glycol (DEG) market?
The Asia-Pacific region is expected to dominate the global DEG market. -
Which region is the fastest-growing for DEG consumption?
Europe is projected to be the fastest-growing region for Diethylene Glycol (DEG) market consumption. -
What are the major applications of Diethylene Glycol (DEG)?
DEG is widely used in antifreeze products, plastics, and as a solvent, and also finds applications in resins, surfactants, and the pharmaceutical industry.
Market Segmentation
Access the detailed segmentation of the Diethylene Glycol (DEG) market at: https://straitsresearch.com/report/diethylene-glycol-market/segmentation
Key Players in the Diethylene Glycol (DEG) Market
- SABIC
- LyondellBasell Industries
- BASF SE
- Reliance Industries Limited
- INEOS
- Dow Chemical Company
- Formosa Plastics Corporation
- Eastman Chemical Company
- Huntsman Corporation
- LG Chem
Dominated Region: Asia-Pacific
The Asia-Pacific region holds the largest share of the global DEG market due to its robust manufacturing industry and significant demand for DEG in applications like antifreeze, chemicals, and plastics production.
Fastest Growing Region: Europe
Europe is anticipated to be the fastest-growing region for the DEG market, with increasing demand from industries such as automotive, pharmaceuticals, and construction.
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The Diethylene Glycol (DEG) market is set to continue its upward trajectory, fueled by the growing need for this versatile chemical in a wide range of industrial applications. Straits Research’s report offers in-depth insights into the market's potential and the key players driving this growth.