Global Monoethylene Glycol Market, By Grade (Polyester, Industrial, Antifreeze), Application (Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates), Technology (Naphtha-Based, Coal & Natural Gas-Based, Bio-Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Monoethylene Glycol Market
Monoethylene glycol market will grow at a rate of 4.75% for the forecast period of 2021 to 2028. Rising demand for monoethylene glycols from home furnishings sectors is a vital factor driving the growth of monoethylene glycol market.
Monoethylene glycol (MEG) is a type of an organic chemical compound, and is formulated through a number of methods whether industrial or biologically. It is highly applied in the production of antifreeze and polyethylene terephthalate and can be described as an odourless, transparent, and sweet in taste highly toxic liquid.
Increased demand from the various applications in the market is the vital factor escalating the market growth, also rising advancements and developments in the market, increasing investments for development of innovative products, rising demand for monoethylene glycol is increasing for manufacturing resins, deicing fluids, heat transfer fluids, automotive coolants and antifreeze, water-based adhesives, asphalt emulsions and latex paints, electrolytic capacitors, paper, textile fibers, and leather, which in turn increases the demand of the product, rising rapid urbanization and changing lifestyle of consumers, particularly in emerging economies including China, India, Brazil and Mexico are the major factors among others driving the monoethylene glycol market. Moreover, rising research and development activities and increasing technological advancements and modernization in the production techniques will further create new opportunities for the monoethylene glycol market in the forecast period of 2021- 2028.
However, rising toxicity of monoethylene glycol if ingested and increasing vulnerable raw material prices and high costs associated with production of monoethylene glycol are the major factors among others acting as restraints, and will further challenge the growth of monoethylene glycol market n the forecast period mentioned above.
This monoethylene glycol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on monoethylene glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Monoethylene Glycol Market Scope and Market Size
Monoethylene glycol market is segmented on the basis of grade, application and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on grade, the monoethylene glycol market is segmented into polyester, industrial and antifreeze.
- Based on application, the monoethylene glycol market is segmented into Polyester fiber, PET, antifreeze & coolants and chemical intermediates. Polyester fibers are widely used in numerous end-use industries such as electronics, textile, resins among others due to its exceptional chemical and mechanical characteristics. The polyethylene terephthalate segment revenue is projected to register highest CAGR and will dominate the market in the above mentioned forecast period owing to shifting trends towards metal, paperboard, and wood towards plastics in the packaging industry.
- The monoethylene glycol market is also segmented on the basis of technology into naphtha-based, coal & natural gas-based and bio-based. Coal and natural based has been further segmented into oxalate/UBE technology, eastman-Jm Davy’s MEG technology and methane-to-olefins (MTO) technology. Bio based has been further segmented into bio-ethanol production and bio-ethylene production.
Monoethylene Glycol Market Country Level Analysis
Monoethylene glycol market is analysed and market size, volume information is provided by country, grade, application and technology as referenced above.
The countries covered in the monoethylene glycol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the monoethylene glycol market due to increasing adoption of monoethylene glycols compound in textile and electronics applications, growing demand form emerging economies and changing standards of living, Increased demand from the various applications, increasing advancements and developments in the market and increasing investments for development of innovative products in this region.
The country section of the monoethylene glycol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Monoethylene Glycol Market Share Analysis
Monoethylene glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to monoethylene glycol market.
The major players covered in the monoethylene glycol market report are SABIC, MEGlobal B.V., Royal Dutch Shell, Braskem, Haldor Topsoe A/S, Formosa Plastics Corporation, DowDuPont, Reliance Industries Limited, China Petrochemical Corporation, BASF SE, PTT Global Chemical Public Company Limited, Sibur, LOTTE Chemical CORPORATION, Eastman Chemical Company, Exxon Mobil Corporation, Huntsman International LLC, INEOS, Indian Oil Corporation Ltd, India Glycols Limited, Indorama Corporation, Akzo Nobel N.V., Clariant, LG Chem, Mitsui Chemicals Inc., Mitsubishi Chemical Corporation, and Kuwait Petroleum Corporation (KPC). among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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