The global diethylene glycol market was valued at $2.4 billion in 2020, and is projected to reach $3.8 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape. 

According to the report published by Allied Market Research, the Diethylene Glycol (DEG) Market by Application (Plasticizer, Solvent (Printing Inks, Paint Pigments, and Dye Formation), Polyester Resin, Chemical Intermediate (Unsaturated Resin, Thermoplastic Polyurethanes, Polyester Polyols, PEG, TriEG, TetraEG, Emulsifiers, and Morpholine), Freezing Point Depressant (Antifreeze Coolant and Heat Transfer Fluids), Lubricant (Glass Cement Grinding, Polishes, and Mold Release Agents), Dehydrant, Brake Fluids, Cosmetic & Personal Care, and Others), and End-Use Industry (Plastic Industry, Paints and Coatings, Automotive, Agrochemical, Oil and Gas, Cement, Textiles, Cosmetic and Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.  

Leading players of the global diethylene glycol market analyzed in the research include Reliance Industries, BASF SE, GC Glycol Company, Huntsman International LLC, Royal Dutch Shell PLC, India Glycol Limited, SABIC, Indian Oil Corporation, Lyondell Basell Industries, and Mitsubishi Chemical Corporation. 

Increase in demand from cement, paints, and coatings industries and adoption in the plastic industry as a raw material drive the growth of the global diethylene glycol market. However, the toxic nature of diethylene glycol restrains the market growth. On the other hand, surge in patent registrations regarding the manufacturing of diethylene glycol, its derivatives, and their usage creates new opportunities in the coming years.