The ethylene glycol market volume in Spain showed a notable upward trend over the past decade. It increased from 173.83 million kilograms in 2013 to 324.65 million kilograms in 2023. Between 2021 and 2022, the market experienced a year-on-year growth of 6.95%, and from 2022 to 2023, it grew by 5.23%. The compound annual growth rate (CAGR) from 2018 to 2023 is 5.44%.

Looking forward, the market is forecasted to continue growing, reaching an estimated 402.89 million kilograms by 2028. The forecasted 5-year CAGR from 2024 to 2028 is 3.42%, representing a 5-year growth rate of 18.28%.

Future trends to watch include:

Technological advancements in the production processes of ethylene glycol.
Changes in legislation or environmental regulations potentially affecting production and consumption.
Economic factors influencing industrial demand in segments such as automotive and textiles.