The report on the Global Monoethylene Glycol (MEG) Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
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
- Mitsubishi Chemical Corporation (MCC).
SEGMENTATIONS IN REPORT:
Monoethylene Glycol (MEG) By Application
- Polyester Fiber
- Polyethylene Terephthalate (PET)
- Antifreeze
- Others (Including Intermediate Chemicals)
Monoethylene Glycol (MEG) By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Monoethylene Glycol (MEG) Market has been exhibited in detail in the following chapters -
Chapter 1 Monoethylene Glycol (MEG) Market Preface
Chapter 2 Executive Summary
Chapter 3 Monoethylene Glycol (MEG) Industry Analysis
Chapter 4 Monoethylene Glycol (MEG) Market Value Chain Analysis
Chapter 5 Monoethylene Glycol (MEG) Market Analysis By Application
Chapter 6 Monoethylene Glycol (MEG) Market Analysis By Geography
Chapter 7 Competitive Landscape Of Monoethylene Glycol (MEG) Companies
Chapter 8 Company Profiles Of Monoethylene Glycol (MEG) Industry