The ethylene glycol market in Spain has seen a significant increase from 2012 to 2022. In 2012, the market volume was 111.59 million kilograms, rising to 302.15 million kilograms by 2022. The market experienced the highest growth rate in 2013 with a year-on-year increase of 55.78%. Although there were fluctuations in certain years, the five-year CAGR from 2017 to 2022 stood at 6.15%, indicating a steady growth trajectory. Notably, the year 2020 saw a 9.28% increase despite challenging global conditions, but growth slowed to -0.76% in 2021 before rebounding by 4.74% in 2022. For the year 2023, the market volume was anticipated to be around 310.92 million kilograms with continued upward trends.
Observing future trends, it is crucial to monitor the ongoing impact of sustainability regulations on production processes, advancements in recycling technologies, and shifts in demand within the automotive and textile industries, which are major consumers of ethylene glycol. Market players should also stay informed on global supply chain disruptions and policies that might affect raw material availability.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 324,650,000 | 2023 | +5.23% | +5.44% | |
| 2 | 2 Germany | 162,050,000 | 2023 | -1.31% | -0.85% | View data |
| 3 | 3 Italy | 79,536,000 | 2023 | -12.26% | -8.13% | View data |
| 4 | 4 France | 65,060,000 | 2023 | +0.67% | -5.26% | View data |
| 5 | 5 Hungary | 8,830,700 | 2023 | +8.06% | +3.39% | View data |
