Monoethylene glycol is a chemical compound prepared by intermediate oxidation of ethylene. It is a colorless and odorless chemical compound with wide range of industrial applications. Monoethylene glycol is necessarily used in preparation of polyester apparels, fabrics, resins and fibers. It is a basic element used to prepare PET polyester terephthalate. Monoethylene glycol finds applications in many end user industries which include textile, aircraft, food & beverage, automotive, solvent in chemical industries and others. Owing to its high boiling point and viscosity monoethylene glycol is used as a coolant and antifreeze agent in many end- user applications.
Monoethylene alcohol is an intermediate compound of ethylene and is used in very small amounts in vaccines and as a wood protective chemical compound. Monoethylene glycol shows some properties which are essential to prevent wood from damage and fungus. Applications segment global monoethylene glycol market into polyethylene terephthalate (PET), antifreeze, polyester fiber and others (including intermediate chemicals).
Polyester fabrics and apparels are high on demand owing to the change in lifestyle patterns of consumers which fuels the growth of textile industry and in turn growth of global monoethylene glycol market. Monoethylene glycol is extensively used to prepare PET which in turn is used to make bottles and food packaging cans and containers. These factors significantly augment rapid growth of global monoethylene glycol market. Coolants are imperatively required by the automotive industry for proper functioning of vehicles and machine engines. This in turn propels market growth of global monoethylene glycol. Moreover, anti- freeze and high boiling point are properties of monoethylene glycol useful in several industrial applications which is expected to drive this market for the forecast. Health disorders due to toxic nature of monoethylene glycol hinders growth of this market.
This report is segmented by geography as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. Geographically, Asia Pacific is the leading region of this market. Growth of automotive and textile industry and major regions like China and India surge growth of this market in Asia Pacific region. Followed by Asia Pacific, Latin America is a fast growing region in this market. Europe and North America are expected to show steady growth for the forecast. Key players in the global monoethylene glycol market are BASF SE, The Dow Chemical Company, LyondellBasell Industries N.V., Saudi Arabia Basic Industries Corporation (SABIC), Royal Dutch Shell plc, Reliance Industries Limited, Nan Ya Plastics Corporation and Mitsubishi Chemical Corporation (MCC).
Decision Databases is involved in providing research reports and company profiles in the global monoethylene glycol (MEG) market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The monoethylene glycol (MEG) market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our monoethylene glycol (MEG) profiles.
SEGMENTATIONS IN REPORT:
Monoethylene Glycol (MEG) By Application
1. INTRODUCTION TO THE MONOETHYLENE GLYCOL MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF MONOETHYLENE GLYCOL
4. MONOETHYLENE GLYCOL MARKET ANALYSIS BY APPLICATIONS
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