The forecast for ethylene glycol imports in China shows a consistent upward trend, rising from $7.94 billion in 2024 to $9.02 billion by 2028. This growth represents a Year-on-Year increase of 3.4% in 2025, 3.4% in 2026, 3.2% in 2027, and 3.0% by 2028.
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 3.25%. In 2023, the market was valued at around $7.68 billion, marking a steady growth trajectory.
Key future trends to watch include:
- The evolution of China's domestic ethylene glycol production capacity.
- Environmental regulations impacting production and import policies.
- Developments in global oil prices, which influence raw material costs.
- Technological advancements in downstream industries driving demand.
