India Diethylene Glycol (DEG) Market to Grow with a CAGR of 3.87% through 2030
Rising automotive industry and growing demand from the
polyester resins and polyurethanes industries are factors driving the India
Diethylene Glycol (DEG) Market in the forecast period 2026-2030.
According to TechSci Research report, “India Diethylene
Glycol (DEG) Market- By Region, Competition, Forecast and Opportunities,
2020-2030F”, the India Diethylene Glycol (DEG) Market achieved a total market volume of 165.41 thousand Metric Tonnes in 2024 and is poised for strong growth in the forecast period to reach 207.31 thousand Metric Tonnes, with a projected Compound Annual Growth Rate (CAGR) of 3.87% through 2030.
The Indian Diethylene Glycol (DEG) market is a vital
segment within the country's chemical and petrochemical industries, and it has
seen remarkable technological advancements in recent years. DEG is a versatile
chemical with a wide range of applications, including as a solvent, coolant,
and in the production of resins, plastics, and antifreeze formulations. These
technological advancements have not only contributed to the growth of the DEG
market but have also improved production processes, environmental sustainability,
safety standards, and product quality.
One
of the most significant technological advancements in the Indian DEG market is
the development of advanced production processes. Traditional methods of DEG
production were resource-intensive and had limitations in terms of production
efficiency. However, newer technologies, such as improved catalytic processes
and efficient separation techniques, have gained prominence. These methods
reduce resource consumption, minimize waste generation, and enhance the overall
production efficiency, leading to cost savings and a reduced environmental
footprint.
Automation and digitalization have played a pivotal
role in optimizing DEG production processes. Automation systems have been
integrated into various stages of DEG production, from raw material handling to
distillation and quality control. This reduces the potential for human error,
enhances precision, and improves overall production efficiency. Real-time
monitoring and data analytics enable predictive maintenance, allowing companies
to detect and address potential issues before they lead to costly downtime. Environmental
sustainability is a central focus within the Indian DEG market, and
technological advancements have played a crucial role in reducing the
industry's environmental impact. Initiatives to minimize waste and emissions
through advanced waste treatment processes and the adoption of cleaner energy
sources have been integral. The responsible management of hazardous materials
and the implementation of state-of-the-art safety systems have further reduced
the risk of accidents and environmental contamination, aligning the industry
with global standards for responsible chemical manufacturing. Safety standards within the Indian DEG market have
significantly improved with the integration of advanced technologies and
practices. The handling of hazardous materials and the management of potential
risks associated with DEG production have benefited from the introduction of
state-of-the-art safety protocols, emergency shut-off mechanisms, and hazard
monitoring systems. This has resulted in a safer work environment, protecting
both workers and the surrounding community. Quality control and assurance have seen substantial
enhancements through technological means. The use of sophisticated analytical
instruments and testing methods allows for precise monitoring of DEG properties
and product quality. This is vital for industries that rely on DEG as a crucial
raw material for their products, ensuring consistent and high-quality output. Supply chain management within the Indian DEG market
has also benefited from technological innovation. Modern supply chain
management software and logistics technology have improved inventory control,
reduced lead times, and enhanced transportation efficiency. This results in
cost savings and improved reliability in the supply chain, benefiting both
manufacturers and consumers.
Government support and incentives for research and
development have promoted innovation within the DEG sector. Public-private
partnerships and collaborations with research institutions have driven the
development of new technologies and sustainable practices, contributing to the
industry's growth and competitiveness. In conclusion, the Indian Diethylene Glycol (DEG)
market has seen significant technological advancements that have improved
production efficiency, environmental sustainability, safety, and product
quality. These innovations have not only strengthened the industry's
competitiveness but have also aligned it with global standards for responsible
and sustainable chemical manufacturing. As the demand for DEG continues to grow
in various applications, India's commitment to technological innovation
positions it as a key player in the global chemical and petrochemical market,
emphasizing environmental responsibility, safety, and efficiency as essential
components of its continued growth and excellence in the DEG industry.
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The India Diethylene Glycol (DEG) Market is segmented
into application, end user industry, regional
distribution, and company.
Based on the end user industry, the automotive segment has emerged as the fastest-growing end-user industry for Diethylene Glycol (DEG) in the Indian market in 2024, driven by a multitude of factors. Diethylene Glycol, a versatile organic compound, is integral in various automotive applications, including the manufacture of antifreeze, brake fluids, and plasticizers. The exponential growth in the automotive sector, characterized by increased production and sales of vehicles, has significantly propelled the demand for DEG. As the automotive industry in India expands, spurred by economic growth and rising consumer incomes, the need for high-performance chemicals and materials like DEG has intensified.
One of the key drivers of this growth is the rising adoption of electric vehicles (EVs). The Indian government’s push for electric mobility, through initiatives such as subsidies, tax incentives, and infrastructure development, has led to a surge in EV production. Diethylene Glycol plays a crucial role in the formulation of coolants and heat transfer fluids essential for the efficient operation of EVs. This has further amplified the demand for DEG in the automotive segment. Additionally, the growing focus on enhancing vehicle performance and safety standards has spurred the use of advanced materials and chemicals. DEG's application in brake fluids, which are vital for maintaining optimal braking performance and vehicle safety, has seen an uptick. As automotive manufacturers strive to meet stringent safety and performance regulations, the demand for high-quality brake fluids, and consequently DEG, has risen. The automotive industry's shift towards lightweight and durable materials has boosted the use of plasticizers, where DEG serves as a key component. The push for fuel efficiency and reduced emissions has led to the increased adoption of lightweight plastic components in vehicle manufacturing, driving the need for effective plasticizers. DEG's compatibility and performance benefits in plasticizer formulations have made it indispensable in this context. The rapid advancements in automotive technology, coupled with the industry's evolution towards more sustainable and efficient solutions, have underscored the importance of DEG. The robust growth of the automotive segment in the Indian market, marked by a dynamic interplay of technological innovation, regulatory changes, and consumer preferences, is expected to sustain the upward trajectory of DEG demand.
Major companies operating in India Diethylene Glycol
(DEG) Market are:
- Reliance Industries Limited
- Indian Oil Corporation Limited (IOCL)
- Tata Chemicals Limited
- Acuro Organics Limited
- Vizag Chemical International
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“The Indian Diethylene Glycol (DEG) market is a crucial segment within the country's chemical and petrochemical industries, serving as a versatile chemical used as a solvent, coolant, and in the production of resins and plastics. Its significance extends across various sectors, including textiles, pharmaceuticals, and plastics manufacturing, making it an indispensable part of India's chemical landscape. Domestic production of DEG has steadily increased, reducing reliance on imports and enhancing self-sufficiency. Major chemical manufacturers have invested in expanding their production capacities, further solidifying India’s position in the DEG market. The market features a competitive landscape with established conglomerates and specialized companies, fostering innovation, cost-effective solutions, and competitive pricing that benefit industries dependent on DEG as a key raw material. However, the sector faces challenges related to environmental sustainability and safety compliance, necessitating strict adherence to protocols to ensure responsible growth and safeguard worker well-being while minimizing environmental impacts. Effective management and the integration of advanced technologies are essential for the ongoing growth and sustainability of the chemical and petrochemical sectors. As DEG continues to play a vital role in various industrial applications, India’s commitment to innovation and responsibility positions it as a key player in the global chemical market, prioritizing environmental sustainability, safety, and efficiency as core elements of its growth and success”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“India 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), By End User Industry (Plastic Industry, Paints and Coatings,
Automotive, Agrochemical, Oil and Gas, Cement, Textiles, Cosmetic and Personal
Care, and Others) By Region, Competition, Forecast and Opportunities, 2020-2030F”, has evaluated
the future growth potential of India Diethylene Glycol (DEG) Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Diethylene Glycol (DEG) Market.
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