The Global Glycol Market was valued at USD 34.5 Billion in 2024 and is projected to reach USD 49.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This robust growth is fueled by rising demand from the automotive, textile, and packaging industries, alongside the accelerating adoption of bio-based and sustainable glycol alternatives across various manufacturing sectors.

As industries worldwide prioritize energy efficiency, low-toxicity materials, and circular economy principles, the focus intensifies on the primary chemical producers who are innovating in glycol production and application technology. In this blog, we profile the Top 10 Companies in the Glycol Market—a combination of global chemical giants, specialized producers, and sustainability leaders shaping the future of this essential industrial chemical.

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

---

🔟 1. Dow Chemical Company

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

Dow is a global leader in glycol production, offering a comprehensive portfolio of ethylene and propylene glycols. These products are critical feedstocks for polyester resins, antifreeze, coolants, and a wide range of industrial applications. Dow’s extensive manufacturing footprint and research capabilities ensure a reliable supply chain for global customers.

Sustainability Initiatives:

• Investment in carbon-neutral ethylene oxide production pathways

• Development of circular economy models for glycol recycling

• Commitment to achieve carbon neutrality by 2050

---

9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Propylene Glycol USP/EP, Ethylene Glycol, Polyglycols

BASF is a leading European producer of high-purity glycols, serving the pharmaceutical, food, and automotive industries. Their glycols are known for consistent quality and are used in applications ranging from unsaturated polyester resins (UPR) to aircraft de-icing fluids.

Sustainability Initiatives:

• Pioneering bio-based propylene glycol from renewable raw materials

• Integration of green energy into cracker operations for glycol precursors

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

---

8️⃣ 3. Shell Chemicals

Headquarters: The Hague, Netherlands
Key Offering: Ethylene Glycols (MEG, DEG, TEG), Ethylene Oxide

Shell Chemicals is a major global supplier of monoethylene glycol (MEG), a key raw material for polyester fiber and PET packaging. With large-scale production facilities in the US, Europe, and Asia, Shell plays a crucial role in the global glycol supply chain, particularly for the textiles and packaging sectors.

Sustainability Initiatives:

• Exploring catalytic pathways for CO2-to-glycol conversion

• Partnerships to develop renewable MEG from sustainable sources

---

7️⃣ 4. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Ethylene Glycol, Polyethylene Glycol (PEG), Specialty Glycols

SABIC is one of the world’s largest producers of ethylene glycol, leveraging its access to cost-advantaged feedstock in the Middle East. The company supplies glycols to global markets for use in resins, antifreeze, and industrial fluids, with a strong focus on innovation and customer-specific solutions.

Sustainability Initiatives:

• TRUCIRCLE™ portfolio includes initiatives for circular glycol solutions

• Commitment to carbon neutrality in operations by 2050

---

6️⃣ 5. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Propylene Glycol, Ethylene Glycol, Terathane® PTMEG

Huntsman is a prominent producer of performance chemicals, including a wide range of glycols. Their products are essential for manufacturing polyurethanes, coatings, and adhesives. The company’s TERATHANE® polyether glycol is a critical component for high-performance spandex fibers.

Sustainability Initiatives:

• Development of lower-carbon footprint glycol production technologies

• Focus on waste reduction and energy efficiency across manufacturing sites

---

5️⃣ 6. LyondellBasell Industries

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

As one of the largest plastics, chemicals, and refining companies globally, LyondellBasell is a key player in the glycol market. Their glycol products are integral to the production of PET plastic bottles, composites, and engine coolants, supported by a robust global production network.

Sustainability Initiatives:

• CirculenRenew portfolio aims to produce circular glycols from renewable feedstocks

• Investment in advanced recycling technologies to create circular value chains for glycol-containing products

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

---

4️⃣ 7. INEOS Oxide

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

INEOS Oxide is a leading European producer of ethylene oxide and its derivatives, including ethylene glycol. The company operates state-of-the-art facilities and serves diverse markets such as resins, solvents, and pharmaceuticals, emphasizing safety and operational excellence.

Sustainability Initiatives:

• Implementation of energy-efficient production processes

• Ongoing research into bio-derived glycol feedstocks

---

3️⃣ 8. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Ethylene Glycol, Polyethylene Glycol, 1,4-Butanediol

Mitsubishi Chemical is a major glycol supplier in the Asia-Pacific region, providing high-quality products for the automotive, textile, and electronics industries. The company’s advanced R&D focuses on developing high-purity glycols for specialized applications.

Sustainability Initiatives:

• Commitment to the KAITEKI philosophy, promoting sustainable value creation

• Development of chemical recycling technologies for glycol-based polymers

---

2️⃣ 9. Lotte Chemical

Headquarters: Seoul, South Korea
Key Offering: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)

Lotte Chemical is a significant global producer of glycols, with a strong production base in South Korea and Malaysia. The company is a key supplier to the polyester value chain and has been expanding its capacity to meet growing demand from Asian markets.

Sustainability Initiatives:

• Investments in green MEG technology partnerships

• Focus on reducing greenhouse gas emissions from production processes

---

1️⃣ 10. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offering: Monoethylene Glycol, Paraxylene-PTA-PET chain integration

Reliance Industries is India’s largest private sector company and a major force in the global glycol market. With its integrated refinery and petrochemical complex, Reliance produces MEG primarily for its downstream polyester operations, making it a vertically integrated player.

Sustainability Initiatives:

• Commitment to achieving Net Carbon Zero by 2035

• Exploring bio-based routes for glycol production as part of its new energy business

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

---

🌍 Outlook: The Future of Glycol Is Sustainable and Diversified

The glycol market is undergoing a significant transformation. While traditional petroleum-derived glycols continue to dominate production volumes, the industry is rapidly embracing bio-based alternatives, advanced recycling technologies, and greener production pathways to meet evolving regulatory and consumer demands.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based Propylene Glycol (Bio-PG) in food, pharmaceutical, and cosmetic applications

• Technological advancements in catalytic conversion for more efficient glycol production

• Increasing regulatory pressure for reduced carbon footprint in chemical manufacturing

• Expansion of glycol production capacity in Asia and the Middle East to serve growing regional demand

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

The companies profiled above are not only supplying essential chemicals to global industries—they are leading the transition toward a more sustainable and efficient chemical sector.