Industry & Marketing Prospect of ETHYLENE GLYCOL In Indonesia, Ethylene Glycol has been produced in Indonesia. But the capacity of the existing plant is still far below the domestic market demand. This condition is further exacerbated by the utilization of factory capacity which is not optimal and even production is likely to decline. Whereas the demand for ethylene glycol market in the country tends to increase.
As a result, Indonesia’s dependence on imported products still continues until now. In fact, based on research of BIZTEKA, in the last five years, imports of ethylene glycol Indonesia as a whole tends to increase.
BIZTEKA predicted next five years demand for ethylene glycol in the domestic market will continue to increase, following the improved performance of the downstream industry, especially polyester, PET resin, and unsaturated polyester resin industry. As a result, Indonesia’s dependence on imported ethylene glycol will get bigger.
Seeing the large market potential of ethylene glycol market in the country, and on the other hand the domestic manufacturers have not been able to meet the needs of the domestic market, it pushes BIZTEKA to further review regarding industry prospects and marketing of ethylene glycol in Indonesia.
Seeing the potential market the government has included ethylene glycol industry in the industrial development priorities summarized in Government Regulation No. 14 Year 2015 on National Industrial Development Master Plan Year 2015-2035.