According to Fortune Business Insights the global triethylene glycol market size was valued at USD 1.70 billion in 2024. The market is projected to grow from USD 1.76 billion in 2025 to USD 2.29 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period. Triethylene glycol (TEG) is widely used in the automotive industry as a component in coolants, antifreeze, brake fluids, lubricants, and plastics. Its hygroscopic nature helps remove moisture, prevent corrosion, and maintain the efficiency of hydraulic and brake systems. Its growing demand is driven by its versatile properties and broad range of automotive applications.
The global Triethylene Glycol (TEG) market is witnessing substantial growth driven by rising demand across industries such as natural gas processing, automotive, HVAC, and pharmaceuticals. Triethylene glycol, a colorless, viscous, and hygroscopic liquid, is extensively used as a dehumidifying agent, plasticizer, and solvent.
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List of Key Players Profiled in the Triethylene Glycol Market Report:
Triethylene Glycol Market Segmentation Analysis:
By Application:
The natural gas dehydration segment led the triethylene glycol market in 2024. TEG is widely used to remove water vapor from natural gas, preventing corrosion, hydrate formation, and pipeline blockages. Its cost-effectiveness and efficiency make it the preferred choice for large-scale gas dehydration operations.
By End-use Industry:
The oil & gas industry is the largest end-user of TEG, primarily using it to dehydrate natural gas before processing and transportation. Its strong water-absorbing capability helps protect pipelines and equipment, making it essential in this sector.