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1761731

全球乙二醇（EG）市場：需求與預測分析（2018-2034）

Global Ethylene Glycol (EG) Market Demand & Forecast Analysis, 2018-2034

出版日期: 2025年05月29日 | 出版商:

Prismane Consulting | 英文 154 Pages | 商品交期: 3-5個工作天內

價格

簡介目錄

全球乙二醇 (EG) 市場規模預計將大幅成長，從 2024 年的約 233 億美元增至 2032 年的約 540 億美元，2025 年至 2032 年的複合年成長率約為 5.9%。乙二醇需求的成長主要源自於其廣泛的應用，尤其是在聚酯纖維、防凍劑和各種工業產品的製造中。聚酯產量的成長，尤其是在亞太地區，是推動這項需求的主要因素。由於下游產品新建生產設施的支撐，亞太地區仍是乙二醇最大的市場。

乙二醇由環氧乙烷與水反應生成。它主要有三種形式：單乙二醇 (MEG)、二伸乙甘醇(DEG) 和三乙二醇 (TEG)。其中，MEG 產量最廣，主要用於生產聚酯材料，例如樹脂、纖維和薄膜。超過 85% 的 MEG 用於聚酯生產，因此其需求與聚酯市場密切相關。

中國在全球乙二醇市場中扮演關鍵角色，消耗了全球一半以上的乙二醇供應。亞太地區佔總需求的65%以上，主要源自於合成服飾對聚酯纖維的需求。北美和西歐也對全球需求做出了貢獻。

供需

2024年，全球乙二醇產能將超過5,700萬噸，較2016年大幅成長。亞太地區佔全球乙二醇產能的60%以上。過去五年，乙二醇工廠平均運轉率約76%，這得益於中國新增1,800萬噸產能。未來五年，中國預計新增500萬噸產能，使總合達3,150萬噸。

2024年，全球乙二醇需求量將達到約3.6萬噸，其中亞太地區將佔75%以上。聚酯纖維產業的成長，以及對錶面活性劑和其他化學品的需求，將繼續支撐市場成長。亞太地區，尤其是中國、韓國和印度，將引領市場擴張，年增率約4.8%。

貿易和市場動態

中國正採取措施增加乙二醇產量，減少進口。 2021年中國乙二醇進口量將下降20.1%，2024年將進一步下降10.9%。沙烏地阿拉伯是中國乙二醇的主要出口國，近年來平均供應量超過390萬噸。到2024年，中國將佔沙烏地阿拉伯乙二醇出口量的一半以上。加拿大和美國的出口量也較小。

歐洲生產商面臨來自美國廉價乙烯進口的競爭，而美國則受益於更廉價的乙烷原料。美國需求疲軟導致乙烯出口增加，擠壓了歐洲生產商的利潤空間。預計美國新增乙烯產能將進一步對市場造成壓力。

當前市場趨勢

2023年下半年，全球乙二醇市場面臨供應過剩和需求下降的挑戰。包裝材料等下游產品市場仍低迷，但預計2023年初將出現復甦。依賴昂貴石腦油原料的歐洲和亞太地區受原油價格波動影響，而美國和中東則受惠於廉價乙烷原料。

市場正密切關注中國是否出現需求增加的跡象，但未來幾年運作新增乙烯產能可能超過需求 9% 以上，進一步給市場帶來壓力。

歐洲也面臨能源成本高企以及俄烏衝突帶來的不確定性，對乙烯市場產生了負面影響。目前，歐洲乙二醇（MEG）價格非常低，由於通膨率上升，消費者試圖節省開支，聚酯產品需求疲軟。

儘管採取了進口關稅來保護市場，但預計這些條件將使美國對歐洲的 MEG 出貨量保持在較低水準。

主要企業

乙二醇市場的主要企業包括BASF、陶氏、殼牌、沙烏地基礎工業公司、英力士氧化物、利安德巴塞爾、樂天化學、信實工業、台塑、中石化、薩索爾、西布爾-尼夫泰克邁、印度石油公司和印度乙二醇公司。 MEGlobal（EQUATE）是領先的製造商，在沙烏地阿拉伯、加拿大和美國的裝置容量超過 3,200 千噸。

近期動態

沙烏地基礎工業公司 (SABIC)、科學設計公司和林德工程公司合作探索利用新型二氧化碳捕獲技術減少乙二醇生產過程中碳排放的方法。

英力士近期以5億美元收購了酵母位於德克薩斯城的工廠。隨後，英力士同意以約7億美元收購利安德巴塞爾位於德克薩斯州貝波特的環氧乙烷業務及相關設施。此次收購涵蓋年產42萬噸環氧乙烷、37.5萬噸乙二醇和16.5萬噸乙二醇醚的工廠。

本報告研究了全球乙二醇 (EG) 市場，並概述了市場以及按類型、應用、地區和國家分類的趨勢，以及參與市場的公司概況。

戰略問題
需求/供給分析與預測（2018-2034）
- 容量
- 運轉率（%）
- 生產
- 進口產品
- 出口
- 淨出口
- 要求
- 需求成長率（%）
- 驅動力分析
全球乙二醇（EG）市場類型
乙二醇（MEG）
二伸乙甘醇（DEG）
三甘醇（TEG）
全球乙二醇（EG）市場（按應用）
化學中間體

聚酯纖維

溶劑

其他

防凍劑和冷卻劑
其他

第9章需求與供給分析：按地區和國家（數量、價值）和市場回顧（2018-2034 年）

戰略問題
容量
運轉率（%）
生產
進口產品
出口
淨出口
要求
需求成長率（%）
乙二醇（EG）市場（按類型）
乙二醇（EG）市場（按應用）

註：以下列出主要地區/國家的供需分析。需求（消費）以數量（千噸）和金額（百萬美元）表示，按國家/地區分類，並按類型和用途列出。

北美洲
美國
加拿大
墨西哥
西歐
德國
法國
義大利
英國
西班牙
其他西歐國家
中歐/東歐
俄羅斯
波蘭
其他中歐和東歐國家
亞太地區
中國
日本
印度
韓國
亞太其他地區
拉丁美洲
中東和非洲

註：計算所有類型和應用的複合年成長率，以確定預測期內（2025-2034 年）區域/全球需求和供應成長。

第10章定價分析

乙二醇（EG）平均價格（美元/公斤）
各地區平均價格
價格預測

第11章關鍵策略問題

第12章評估商業機會

市場吸引力評估
未來與目標市場研究

第13章戰略建議與提案

第14章公司分析

乙二醇（EG）製造商概況/公司分析
BASF SE
DowDuPont
Huntsman Corporation
Shell
SABIC
Akzo-Nobel NV
INEOS Corporation
LyondellBasell
Lotte Chemical
Reliance Industries Limited
Formosa Plastics
Sinopec
其他製造商

註：本部分包含企業資料、財務狀況、製造地和營運地理區域。本報告僅包含財務資訊可在美國證券交易委員會 (SEC) 文件、年度報告或公司網站上查閱的公司的財務資訊。本報告中報告的所有財務數據均以美元計價。以其他貨幣報告的財務數據已根據平均外匯折算。公司簡介可能包括製造商、供應商和經銷商。

第15章附錄

簡介目錄

The global market for Ethylene Glycol (EG) is expected to grow significantly, increasing from about $23.3 billion in 2024 to nearly $54 billion by 2032. This corresponds to an average yearly growth rate of approximately 5.9% from 2025 to 2032. The rise in demand for EG is mainly due to its wide range of uses, particularly in making polyester fibers, antifreeze, and various industrial products. The growing production of polyester, especially in the Asia Pacific region, is a major factor driving this demand. Asia Pacific remains the largest market for EG, supported by new production facilities for downstream products.

Ethylene Glycol is produced through the reaction of ethylene oxide with water. It comes in three primary forms: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), and Triethylene Glycol (TEG). Among these, MEG is the most widely manufactured and is primarily utilized in the production of polyester materials such as resins, fibers, and films. Over 85% of MEG goes into polyester production, making its demand closely linked to the polyester market.

China plays a key role in the global EG market, consuming more than half of the world's supply. The Asia Pacific region accounts for over 65% of the total demand, driven mainly by the need for polyester fibers used in synthetic clothing. North America and Western Europe also contribute to the global demand.

Supply and Demand

In 2024, the global capacity for producing Ethylene Glycol exceeded 57,000 kilo tons, which is a big increase from 2016. Asia Pacific holds more than 60% of this capacity. The operating rate for EG plants averaged around 76% in the past five years, helped by an 18,000-kiloton increase in capacity in China. Over the next five years, China is expected to add another 5,000 kilo tons of capacity, bringing its total to 31,500 kilo tons.

Global demand for EG in 2024 was about 36,000 kilo tons, with Asia Pacific consuming more than 75% of this amount. The growth of the polyester fiber industry, along with the need for surfactants and other chemicals, will continue to support market growth. The Asia Pacific region, especially China, South Korea, and India, will lead this expansion with a forecasted annual growth rate of about 4.8%.

Trade and Market Dynamics

China is moving toward producing more of its own ethylene glycol, reducing imports. EG imports to China fell by 20.1% in 2021 and dropped another 10.9% in 2024. Saudi Arabia is a major exporter of EG to China, supplying over 3,900 kilo tons on average in recent years. China accounted for more than half of Saudi Arabia's EG exports in 2024. Smaller amounts also come from Canada and the United States.

European producers face competition from cheaper EG imports from the U.S., which benefits from lower-cost ethane feedstock. Weak demand in the U.S. has increased EG exports, putting pressure on European producers' profit margins. New ethylene production capacity in the U.S. is expected to add further pressure.

Current Market Trends

In late 2023, the global EG market faces challenges such as oversupply and lower demand. The market for downstream products, like packaging materials, remains weak despite hopes for a rebound in early 2023. Europe and Asia Pacific regions, which rely on more expensive naphtha feedstock, are affected by fluctuating oil prices, while the U.S. and Middle East benefit from cheaper ethane feedstock.

The market is watching China closely for signs of increased demand, which could help balance supply. However, new ethylene production coming online in Asia might exceed demand by over 9% in the next few years, causing further market pressure.

Europe is also dealing with high energy costs and uncertainty from the Russia-Ukraine conflict, affecting the ethylene market negatively. Prices for MEG in Europe are currently very low, and demand for polyester products is weak as consumers try to save money amid rising inflation.

Despite efforts to protect the market with import duties, U.S. MEG shipments to Europe are expected to remain low due to these conditions.

Leading Companies

Major players in the Ethylene Glycol market include BASF, Dow, Shell, SABIC, INEOS Oxide, LyondellBasell, Lotte Chemical, Reliance Industries, Formosa Plastics, Sinopec, Sasol, Sibur-Neftekhim, Indian Oil Corporation, India Glycols, and others. MEGlobal (EQUATE) is a top producer with more than 3,200 kilo tons of installed capacity across Saudi Arabia, Canada, and the U.S.

Recent Developments

SABIC, Scientific Design, and Linde Engineering have teamed up to explore ways to reduce carbon emissions in the EG production process using new CO2 recovery technology.

INEOS recently acquired Eastman's Texas City plant for $500 million. Later, INEOS agreed to buy LyondellBasell's ethylene oxide business and related facilities in Bayport, Texas, for about $700 million. This deal includes plants with capacities of 420 kilo tons/year for ethylene oxide, 375 kilo tons/year for ethylene glycol, and 165 kilo tons/year for ethylene glycol ethers.

1. Introduction

Scope
Market Coverage
- Type
- Application
- Regions
- Countries
Years Considered
- Historical - 2018 - 2023
- Base - 2024
- Forecast Period - 2025 - 2034
Research Methodology
- Approach
- Research Methodology
- Prismane Consulting Market Models
- Assumptions & Limitations
- Abbreviations & Definitions
- Conversion Factors
- Data Sources

2. Market Synopsis

Market Evolution
Demand-Supply Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast

3. Economic & Energy Outlook

GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices

4. End-use Sector Performance

Chemicals
Industrial
Others

5. Capacity (Plants & Projects) Analysis

Capacity, by Company
Capacity, by Country and by Region
Capacity Overview, By Region and Country

6. Introduction to Ethylene Glycol (EG) and Market Overview

Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications

7. Market Dynamics and Industry Trends

Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges

8. Global Ethylene Glycol (EG) Demand-Supply Analysis, By Type, By Application (Volume, Value) (2018-2034)

Strategic Issues
Demand-Supply Analysis and Forecast (2018 - 2034)
- Capacity
- Capacity Utilization (%)
- Production
- Imports
- Exports
- Net Exports
- Demand
- Demand Growth Rate (%)
- Driving Force Analysis
Global Ethylene Glycol (EG) Market, By Type
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Global Ethylene Glycol (EG) Market, By Application
Chemical Intermediates

Polyester

Solvents

Others

Antifreeze & Coolants
Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

Strategic Issues
Capacity
Capacity Utilization (%)
Production
Imports
Exports
Net Exports
Demand
Demand Growth Rate (%)
Ethylene Glycol (EG) Market, By Type
Ethylene Glycol (EG) Market, By Application

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by type and by Application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa

Note: CAGR will be calculated for all the type and application to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

Average Ethylene Glycol (EG) Prices, USD/Kg
Average prices, by region
Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

Market Attractiveness Assessment
Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

Ethylene Glycol (EG) Manufacturers Profiles/ Company Analysis
- Basic Details
- Headquarter, Key Markets
- Ownership
- Company Financial
- Manufacturing Bases
- Global Turnover
- Total Employee
- Product Portfolio / Services / Solutions
- Key Business Strategies adopted and Prismane Consulting Overview
- Recent Developments
- Companies Covered -
BASF SE
DowDuPont
Huntsman Corporation
Shell
SABIC
Akzo-Nobel N.V.
INEOS Corporation
LyondellBasell
Lotte Chemical
Reliance Industries Limited
Formosa Plastics
Sinopec
Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.