The European Ethylene Glycol market data for 2023 reveals varied changes in volume by country. Spain leads with a significant volume of 324.65 million kilograms, showing a growth of 5.44% year-on-year. Germany follows with 162.05 million kilograms and a slight decline of 0.85%. Italy (79.536 million kilograms) and France (65.06 million kilograms) saw declines of 8.13% and 5.26%, respectively. Hungary, with 8.8307 million kilograms, experienced a growth of 3.39% year-on-year. Looking back over the last five years, the compound annual growth rate (CAGR) indicates differing trends across these countries.
Future trends to watch in the European Ethylene Glycol market include:
- Technological advancements in production processes and efficiency improvements.
- Environmental regulations impacting production and consumption patterns.
- Shifts in demand driven by the growth of downstream industries, particularly in the automotive and textile sectors.
- Ongoing geopolitical and economic factors influencing raw material supply chains.
Top countries in Ethylene Glycol Market Size Volume by Country
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 324,650,000 | 2023 | +5.23% | +5.44% | View data |
| 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 |
