The Worldwide Monoethylene Glycol Industry is Expected to Reach Over $53 Billion by 2029 at a CAGR of 6% from 2021
DUBLIN, May 25, 2021 /PRNewswire/ -- The "Monoethylene Glycol (Meg) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
The monoethylene glycol (MEG) market is expected to reach over US$ 53.25 Bn by 2029, growing at a CAGR of 6.0% during the forecast period 2021-2029.
Monoethylene is a colorless, odorless liquid which is known as the daughter product of ethylene oxide. Diethylene oxide and triethylene dioxide are the coproducts obtained in the manufacturing process of monoethylene glycol. Monoethylene glycol is widely used in various end-user industries. The major applications of monoethylene glycol range from textile industry to packaging industry. It is used as a raw material in the manufacture of polyethylene terephthalate (PET), polyester fiber and coolant & antifreeze among others. Hence high demand is reported from various end-user industries worldwide.
Asia Pacific accounted for the largest share of global monoethylene glycol market in 2020. China is known as the global textile manufacturer. Polyester is manufactured using monoethylene glycol. These fibers are used on a large scale in the textile industry to manufacture casual wear and sportswear among other apparels. Hence, high demand from the textile industry is boosting growth of monoethylene glycol in the global market. Polyethylene terephthalate accounted as the fastest growing application of MEG in the market. PET is majorly used in the manufacture of bottles and packaging products. Therefore, growing packaging industry and high consumption of PET in this industry is driving the growth of global monoethylene glycol in the market. Monoethylene glycol is also projected to experience growing demand from the automotive industry. It is used in manufacturing automotive coolant and antifreeze. It is also used as a deicing agent in the snowy areas worldwide. Hence, high demand from various end-user industries for different applications has led to growth of global monoethylene glycol market.
The purpose of this strategic research study is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global monoethylene glycol (MEG) market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Monoethylene Glycol (MEG) Market
2.2 Global Monoethylene Glycol (MEG) Market, By Application
2.3 Global Monoethylene Glycol (MEG) Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Monoethylene Glycol (MEG) Market Volume and Revenue, 2019 - 2029, (Kilo Tons) (US$ Mn)
3.2 Key Market Strategies
3.2.1 Product Pricing Analysis
3.2.2 Regulatory Impact on Market
3.3 Market Drivers
3.4 Market Challenges
3.4 Future Outlook of the Market
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
Chapter 4 Global Monoethylene Glycol (MEG) Market Analysis, By Application
4.1 Overview
4.1.1 Polyethylene Terephthalate (PET)
4.1.1.1 Global Monoethylene Glycol (MEG) Market for Polyethylene Terephthalate (PET), 2019 - 2029, (Kilo Tons)(US$ Mn)
4.1.2 Polyester Fiber
5.1.2.1 Global Monoethylene Glycol (MEG) Market for Polyester Fiber, 2019 - 2029, (Kilo Tons)(US$ Mn)
4.1.3 Coolant & Antifreeze
4.1.3.1 Global Monoethylene Glycol (MEG) Market for Coolant & Antifreeze, 2019 - 2029, (Kilo Tons)(US$ Mn)
4.1.6 Others ( Intermediate Chemicals, Heat Transfer Fluids, etc.)
4.1.6.1 Global Monoethylene Glycol (MEG) Market for Other Applications, 2019 - 2029, (Kilo Tons) (US$ Mn)
Chapter 5 SRC View
5.1 Segmentation View (Product/ Application)
5.1.2 Global Monoethylene Glycol (MEG) Market, by Application, 2019 - 2029, (Kilo Tons) (US$ Bn)
Chapter 6 RC View
6.1 North America Monoethylene Glycol (MEG) Market Analysis
6.2 Europe Monoethylene Glycol (MEG) Market Analysis
6.3 Asia Pacific Monoethylene Glycol (MEG) Market Analysis
6.4 Middle East and Africa (MEA) Monoethylene Glycol (MEG) Market Analysis
6.5 Rest of the World (RoW) Monoethylene Glycol (MEG) Market Analysis
Chapter 7 Company Profiles
7.1 AkzoNobel
7.2 ExxonMobil Corporation
7.3 Formosa Plastic Group
7.4 Honam Petrochemical Corporation
7.5 LyondellBasell
7.6 ME Global
7.7 Reliance Industries Ltd.
7.8 SABIC
7.9 Shell plc
For more information about this report visit https://www.researchandmarkets.com/r/axtcvl
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