Monoethylene Glycol 2021: Global Industry Size and Growth Opportunities to 2026
Monoethylene glycol is a dismal and scentless fluid that is created from ethylene in the assembling system of ethylene oxide. With the ethylene oxide process, the yield of Monoethylene glycol is more than 85%, and it is generally utilized for business processes. Alongside Monoethylene glycol, the interaction additionally delivers triethylene and tetraethlene glycol, diethylene items. It is industrially considered as one of the main glycols on the lookout. It is her in the polyesters strands and movies. Its toughness and hydrophobic properties make it probably the best item for assembling polyester strands and PET movies. Aside from that, Monoethylene glycol has wide applications in end-use enterprises, development, auto, and shopper products, materials, drugs, compound handling.
The expanding need for polyester fiber from material Industries has expanded the development of Monoethylene glycol. Expanding utilization of PET in significant customer merchandise items like jugs, food compartments is relied upon to drive the monoethylene glycol market interest.
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ChemIntel360’s global Monoethylene Glycol market study is a 150 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications industry perspective. The industry is expected to grow at a CAGR of 4.3% mainly due to increasing consumption of Monoethylene Glycol in production of Polyethylene terephthalate related products in packaging industry, the demand for which is projected to support market growth over the forecast period.
Scope
This study contains global and regional Market size data - value and volume. The numbers are broken down by application (Polyethylene Terephthalate, Antifreeze, Polyester Fibre, Solvent, Chemical intermediates, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Monoethylene Glycol Market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$25.8 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the Market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Regional analysis
The major regions in the monoethylene glycol market are Asia Pacific, Europe, North America, and the rest of the world.
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Key Players
Royal Dutch Shell, SABIC, AkzoNobel, The Dow Chemicals, Reliance Industries, Mitsubishi Chemical, Lotte Chemical Corporation, Sinopec Zhenhai Refining & Chemical Co., Nan Ya Plastics Corporation, MEGlobal, LyondellBasell Industries, ExxonMobil Corporation, Chemtex Speciality Limited and India Glycols.
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