The Global Glycol Market was valued at USD 37.52 Billion in 2025 and is projected to reach USD 52.18 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This robust growth is propelled by rising demand from end-use industries like polyester production, automotive antifreeze, and food & beverage processing, alongside the accelerating shift towards bio-based glycol alternatives driven by stringent environmental regulations.

Glycols, primarily ethylene glycol (EG) and propylene glycol (PG), are fundamental chemical building blocks with diverse applications. As global industries focus on sustainability and supply chain resilience, the leading producers are innovating in production technologies and expanding capacity to meet evolving demand. In this analysis, we profile the Top 10 Companies in the Glycol Industry—a group of chemical titans and strategic players shaping the market’s trajectory.

---

🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Ethylene Glycol, Propylene Glycol, Specialty Glycols

Dow is a global leader in ethylene oxide and glycols production, operating world-scale manufacturing facilities. Its glycols are critical feedstocks for polyester resins, polyethylene terephthalate (PET) packaging, and antifreeze formulations, serving a vast global customer base.

Sustainability and Innovation Initiatives:

• Investment in carbon-efficient ethylene cracker technologies

• Development of certified renewable & recycled content glycols

• Commitment to circular economy principles through alliances like the Alliance to End Plastic Waste

Download FREE Sample Report:
Glycol Market – View in Detailed Research Report

---

9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ethylene Glycol, Propylene Glycol, 1,3-Propanediol (Bio-based)

BASF is a major European producer of glycols, with integrated production chains from basic chemicals to high-value derivatives. Its portfolio includes standard monoethylene glycol (MEG) and advanced solutions like bio-based propanediol, catering to the automotive, construction, and personal care sectors.

Sustainability and Innovation Initiatives:

• Pioneering bio-based glycol production using renewable raw materials

• Focus on reducing the carbon footprint of its chemical production Verbund sites

---

8️⃣ 3. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Ethylene Glycol (MEG, DEG, TEG)

SABIC is one of the world’s largest producers of ethylene glycol, leveraging its access to abundant feedstock in the Middle East. The company is a key supplier to the global polyester value chain, with significant exports to Asia and other regions.

Sustainability and Innovation Initiatives:

• Exploring carbon capture and utilization technologies for cleaner production

• Strategic investments in chemical recycling to support a circular economy for plastics

---

7️⃣ 4. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Ethylene Glycol, Ethylene Oxide

Shell operates massive glycol production units integrated with its global refining and petrochemical complexes. Its glycol products are essential for manufacturing PET bottles, antifreeze, and industrial solvents, supported by a robust global logistics network.

Sustainability and Innovation Initiatives:

• Development of advanced catalytic processes for improved glycol yield and efficiency

• Integration of renewable power sources into manufacturing operations

Download FREE Sample Report:
Glycol Market – View in Detailed Research Report

---

6️⃣ 5. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Ethylene Glycol, Propylene Glycol, Specialty Polyols

Huntsman is a prominent global manufacturer of differentiated chemicals, including a wide range of glycol products. Its glycols are used in urethane foams, resins, and functional fluids, with a strong focus on performance and application-specific solutions.

Sustainability and Innovation Initiatives:

• Launch of circular solutions using recycled and renewable feedstocks

• Active participation in industry consortia for sustainable chemical manufacturing

---

5️⃣ 6. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: Ethylene Glycol, Ethylene Oxide, Derivatives

INEOS is a leading producer of ethylene oxide and glycols in Europe and North America. The company’s large-scale production facilities supply key industries, including packaging, textiles, and automotive, with a reputation for reliability and quality.

Sustainability and Innovation Initiatives:

• Ongoing investments in plant modernization for energy efficiency

• Commitment to responsible care and sustainable operations across its asset base

---

4️⃣ 7. MEGlobal

Headquarters: Dubai, UAE
Key Offering: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)

MEGlobal, a joint venture between Equate Petrochemical Company and Dow, is a world-scale producer and marketer of ethylene glycol. It is a pivotal supplier to the Asian polyester fiber and resin markets, with strategically located production assets.

Sustainability and Innovation Initiatives:

• Focus on operational excellence and supply chain optimization

• Alignment with parent companies’ sustainability goals for reduced emissions

---

3️⃣ 8. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offering: Ethylene Glycol, Polyester Intermediates

Reliance Industries is a dominant force in the Asian glycol market, with vertically integrated operations from refining to polyester production. Its massive production capacity serves both domestic Indian demand and international markets, making it a key regional player.

Sustainability and Innovation Initiatives:

• Ambitious commitment to achieve net-zero carbon status by 2035

• Investments in new energy and green hydrogen projects to decarbonize operations

---

2️⃣ 9. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Ethylene Glycol, Propylene Glycol, Propylene Oxide

LyondellBasell is one of the largest plastics, chemicals, and refining companies globally. Its propylene oxide/tert-butyl alcohol (PO/TBA) technology is a leading route to propylene glycol, supplying high-purity products for unsaturated polyester resins and other applications.

Sustainability and Innovation Initiatives:

• Circular and Low-Carbon Solutions unit focused on recycling and renewable feedstocks

• Advancement of next-generation catalytic technologies for glycol production

---

1️⃣ 10. Lotte Chemical

Headquarters: Seoul, South Korea
Key Offering: Ethylene Glycol, Purified Terephthalic Acid (PTA)

Lotte Chemical is a major Asian petrochemical producer with significant glycol capacity. The company is strategically expanding its footprint to strengthen its position in the global polyester supply chain, with a focus on high-growth markets.

Sustainability and Innovation Initiatives:

• Development of bio-based and biodegradable materials

• Initiatives to enhance resource efficiency and reduce environmental impact across operations

Get Full Report Here:
Glycol Market – View in Detailed Research Report

---

🌍 Outlook: The Glycol Market is Evolving with a Focus on Sustainability and Diversification

The glycol market is undergoing a significant transformation. While traditional petroleum-based production continues to dominate, the industry is increasingly influenced by the global push for sustainability, circularity, and supply chain diversification.

📈 Key Trends Shaping the Market:

• Bio-based Glycols: Growing R&D and commercialization of glycols derived from biomass (e.g., corn, sugarcane) to reduce carbon footprint.

• Capacity Expansions in Asia and Middle East: Strategic investments in new production facilities to capture demand growth in emerging economies.

• Circular Economy Integration: Development of chemical recycling technologies to produce glycols from plastic waste, particularly PET.

• Application Diversification: Exploration of new uses for glycols in areas like renewable energy storage (e.g., thermal fluids for concentrated solar power) and electric vehicle coolants.

Get Full Report Here:
Glycol Market – View in Detailed Research Report

The companies profiled are not just supplying essential chemical intermediates; they are actively driving the strategic evolution of the global glycol industry towards a more sustainable and technologically advanced future.