Ethylene Glycol Diacetate (EGDA) Market Size
| Study Period | 2019 - 2030 |
| Market Volume (2025) | 66.67 kilotons |
| Market Volume (2030) | 82.28 kilotons |
| CAGR (2025 - 2030) | 4.30% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ethylene Glycol Diacetate (EGDA) Market Analysis
The Ethylene Glycol Diacetate Market size is estimated at 66.67 kilotons in 2025, and is expected to reach 82.28 kilotons by 2030, at a CAGR of 4.30% during the forecast period (2025-2030).
The COVID-19 pandemic had a significant impact on the ethylene glycol diacetate (EGDA) market. During the pandemic, disruptions in supply chains, reduced industrial activities, and decreased demand for solvents in various applications led to a decline in the market. However, the market has shown signs of recovery post-pandemic. As industries resumed operations and global trade normalized, the demand for EGDA began to rebound.
- Rising demand from the paints and coatings industry and increasing demand from the foundry industry drive the ethylene glycol diacetate market.
- Environmental concerns, regulatory limits, and volatile raw material prices are expected to hinder the ethylene glycol diacetate market.
- EGDA, leading the charge in the chemical industry's sustainable transformation and pioneering sustainable solutions in diverse industries would offer opportunities during the forecast period.
- Asia Pacific dominates the ethylene glycol diacetate market due to increasing consumption from countries such as China, India, and Japan.
Ethylene Glycol Diacetate (EGDA) Market Trends
Resin Segment to Dominate the Market
- EGDA, or Ethylene Glycol Diacetate, serves as a pivotal binder in resin formulations for crafting cores and molds in foundries. This binding property is essential for creating robust structures capable of withstanding the high temperatures of molten metal during casting.
- Besides its binding role, EGDA functions as a solvent within foundry resins. It aids in dissolving resin components and additives, ensuring their even dispersion.
- Foundries increasingly favor EGDA resin formulations due to their eco-friendly profile and lower toxicity compared to alternative binders.
- EGDA plays a crucial role in organic resin formulations by serving as a cross-linking agent and solvent and enhancing flexibility, underlining its multifaceted importance.
- China, India, the United States, Russia, Germany, Japan, Mexico, and Brazil are key players in the global foundry market. Recent investments in this sector are pointing toward a growing demand for EGDA.
- In April 2024, India's Gautam Casting Group responded to rising domestic demand by setting up a new foundry equipment plant. This plant, currently under construction, is tailored for a Sand mixing capacity of 40 tones per hour, aiming for a productivity of 60 molds per hour.
- Manufacturers are increasingly focusing on curbing foundry emissions. Given that low-emission binders can significantly cut down on harmful pollutants during casting, the eco-friendly profile of EGDA positions it favorably for heightened demand in the foundry sector soon.
- Moreover, growing research and innovations in producing organic resins are also expected to contribute to the demand for EGDA in the coming years.
Asia-Pacific to Dominate the Market
- Countries like China and India have robust chemical manufacturing industries, which contribute significantly to the production and supply of EGDA.
- According to the China National Coatings Industry Association, the paints and coatings industry has been registering a growth of 7% in recent years with the presence of over 10,000 coating manufacturers in China, including global companies like Nippon Paint, Akzo Nobel NV, among others. Paints and coatings companies have been increasingly investing in China. For instance,
- In April 2024, Nipsea Group, the parent company of Nippon Paint China, intends to bring a new coatings plant online in Tianjin in June with an investment of CNY 960 million (~USD 133 million).
- In July 2024, Akzo Nobel NV announced that it would double coating production capacity in its Suzhou site in China by 2025. In addition, the company announced that it had invested in a new production line for water-based texture paints at its Songjiang site in Shanghai, China, boosting capacity for supplying more sustainable products. The new 2,500-square-meter facility is expected to produce Dulux products for various markets, such as interior decoration, architecture, and leisure.
- The Chinese adhesives market is estimated to witness healthy growth over the coming years, with growth in end-user segments such as packaging, automotive, construction, and electronic industries.
- According to statistics from the China Adhesive and Adhesive Tape Industry Association, the production of adhesives is expected to reach 8.55 million metric tons in 2025. Various manufacturers have been investing in the adhesives industry in the country through a production capacity expansion strategy, owing to the growth potential in the market. This, in turn, might affect the demand for EGDA in the coming years. For Instance,
- In June 2023, Henkel AG & Co. KGaA opened a new Adhesive Technologies business unit manufacturing facility within the Yantai Chemical Industry Park in Shandong Province, China. An investment of approximately RMB 870 million (USD 120.08 million) is expected to enhance Henkel’s production capacity of high-impact adhesive products in China.
- In India, according to European Coatings, several manufacturers are investing in new plants or expanding the capacity of their existing facilities, which is expected to support the demand for paints and coatings, thereby augmenting the demand for the market studied. For instance,
- In February 2024, Grasim Industries, part of Aditya Birla Group, entered the paint business with the launch of its brand, Birla Opus. In FY 23, Grasim doubled its planned investment to INR 10,000 crore (~USD 1,194 million) to establish its paint industry presence. The company aims for a total capacity of 1,332 million liters per annum (MLPA) with its site in Haryana.
- India is a huge adhesive market, as it has various developing sectors. In April 2024, TOYO INK INDIA unveiled intentions to increase its production capacity for solvent-based adhesives at its Gujarat, India facility. The plant's operations are slated to commence in April 2026, with projections indicating a 3.5-fold surge in the site's adhesive capacity.
- The Ethylene Glycol Diacetate (EGDA) market is affected by the expansion of the paints and coatings, adhesives, cosmetics, and pharmaceutical sectors. These industries' substantial investments and capacity expansions are expected to impact the demand for EGDA.
Ethylene Glycol Diacetate (EGDA) Industry Overview
The ethylene glycol diacetate (EGDA) market is partially consolidated in nature. The major players in the market (not in any particular order) include Eastman Chemical Company, Seqens, Shandong Lianchuang Fine Chemicals Co. Ltd, Somu Group of Companies, and Jiangsu Ruijia Food Ingredient Co. Ltd, among others.
Ethylene Glycol Diacetate (EGDA) Market Leaders
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Eastman Chemical Company
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Seqens
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Shandong Lianchuang Fine Chemicals Co. Ltd
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Somu Group of Companies
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Jiangsu Ruijia Food Ingredient Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
Ethylene Glycol Diacetate (EGDA) Market News
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Ethylene Glycol Diacetate (EGDA) Industry Segmentation
Ethylene glycol diacetate (EGDA) is a chemical with a high boiling point used in various applications such as paints and coatings, foundry chemicals, adhesives, pharmaceuticals, and cosmetics. EGDA can replace ethylene glycol monoethyl ether acetate, cyclohexanone, butyl cellosolve, dipropylene glycol monoethyl ether acetate, and dibasic ester in coating and ink manufacturing.
The ethylene glycol diacetate (EGDA) Market is segmented into application and geography. On the basis of application, the market is segmented into paints and coatings, cosmetics, pharmaceuticals, resin, adhesives, inks, and others. The report also covers the market size and forecasts for the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
| Application | Paints and Coatings | ||
| Cosmetics | |||
| Pharmaceuticals | |||
| Resin | |||
| Adhesives | |||
| Inks | |||
| Others | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
Ethylene Glycol Diacetate (EGDA) Market Research FAQs
How big is the Ethylene Glycol Diacetate Market?
The Ethylene Glycol Diacetate Market size is expected to reach 66.67 kilotons in 2025 and grow at a CAGR of 4.30% to reach 82.28 kilotons by 2030.
What is the current Ethylene Glycol Diacetate Market size?
In 2025, the Ethylene Glycol Diacetate Market size is expected to reach 66.67 kilotons.
Who are the key players in Ethylene Glycol Diacetate Market?
Eastman Chemical Company, Seqens, Shandong Lianchuang Fine Chemicals Co. Ltd, Somu Group of Companies and Jiangsu Ruijia Food Ingredient Co. Ltd are the major companies operating in the Ethylene Glycol Diacetate Market.
Which is the fastest growing region in Ethylene Glycol Diacetate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Ethylene Glycol Diacetate Market?
In 2025, the Asia Pacific accounts for the largest market share in Ethylene Glycol Diacetate Market.
What years does this Ethylene Glycol Diacetate Market cover, and what was the market size in 2024?
In 2024, the Ethylene Glycol Diacetate Market size was estimated at 63.80 kilotons. The report covers the Ethylene Glycol Diacetate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ethylene Glycol Diacetate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Ethylene Glycol Diacetate (EGDA) Industry Report
Statistics for the 2025 Ethylene Glycol Diacetate (EGDA) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ethylene Glycol Diacetate (EGDA) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
