Monoethylene Glycol (MEG) Market was valued USD XX Billion in 2019 and is expected to reach USD XX Billion by 2027 at a CAGR of 4.7%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Monoethylene glycol is largely used in manufacturing of polyethylene terephthalate (PET) and polyester resins. PET is used in various consumer good products such as for food containers and bottles. Polyester fabrics are widely used in apparels, home furnishings, ropes, conveyer belts and insulating tapes.
Monoethylene glycol market based on application has been segmented into fiber, PET, film, antifreeze & coolant and others. Fiber is expected to be the largest segment of application due to large demand of Monoethylene glycol in textile end-use industry for producing synthetic fiber and polyester fiber. Antifreeze & coolant is expected to grow at a highest CAGR during the forecast period due to its demand in automotive and chemical end-use industries.
Based on technology the market has been segmented into naphtha-based, coal-and natural gas-based, bio-based Monoethylene glycol production. Naphtha-based segment is expected to grow at a highest CAGR during the forecast period.
Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific holds one of the largest shares of the market for monoethylene glycol and is expected to be the fastest growing market. China and India are the countries largely contribute to the demand for Monoethylene glycol. There is high demand of Monoethylene glycol for production polyester fiber and PET in this region.
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Scope of the Monoethylene Glycol (MEG) Market:
Monoethylene Glycol (MEG) Market, by Technology:
• Naphtha-Based
• Coal-And Natural Gas-Based
• Bio-Based Monoethylene Glycol Production
• Technology Providers
Monoethylene Glycol (MEG) Market, by Application:
• Fiber
• PET
• Film
• Antifreeze & Coolant
• Others
Monoethylene Glycol (MEG) Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Monoethylene Glycol Market:
• SABIC (Saudi Arabia)
• Formosa (Taiwan)
• Dowdupont (US)
• BASF (Germany)
• MEGlobal (UAE)
• Sinopec (China)
• Shell (Netherlands)
• Reliance (India)
• SIBUR (Russia)
• PTTGC (Thailand)
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