According to the report, the Monoethylene Glycol (MEG) market is predicted to achieve USD 31,077 million by 2026. This report examines the status quo and projections of the global Monoethylene Glycol (MEG) market and analyzes the Monoethylene Glycol (MEG) market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Monoethylene glycol (MEG) is a colorless, odorless, syrupy liquid with a sweet taste. Monoethylene glycol is produced from ethylene via ethylene oxide, which is hydrated through the thermal or catalytic process. The product is an important raw material for manufacturing of resins, deicing fluids, heat transfer fluids, automotive antifreeze and coolants, water-based adhesives, latex paints and asphalt emulsions, electrolytic capacitors, textile fibers, paper, and leather.
The Monoethylene Glycol (MEG) market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include SABIC, The DOW Chemical, Sinopec, Formosa Plastics, Shell, EQUATE, Lotte Chemical, SPDC, CNPC, Reliance Industries, OUCC, INEOS, LyondellBasell, BASF, NIOC, Farsa Chimie, PTT Global Chemical, IndianOil, Indorama Ventures, Sibur, PJSC Kazanorgsintez, Nippon Shokubai, SHAZAND Company, Huntsman, Maruzen Petrochemical, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Monoethylene Glycol (MEG) global market is poised to reach USD 31,077 million in 2026 from USD 23,442 million in 2019, with a CAGR of 4.11%.
Facilitating and Limiting Factors:
The Monoethylene Glycol (MEG) market is expected to register substantial growth in the coming years, owing to the increasing demand for Monoethylene Glycol (MEG) in various applications such as Polyester Fiber, Polyester Resins, Antifreeze and Coolants, and Chemical Intermediates. Moreover, increasing dispensable income of the population across the world has fueled the growth of packaging end-use industry, thus propelling the growth of the Monoethylene Glycol (MEG) market. With the recovery of the global economy and the development of emerging powers, the Monoethylene Glycol (MEG) market is endowed with a promising future. However, the toxicity of MEG is expected to hinder the growth of the market.
The global Monoethylene Glycol (MEG) market is broadly divided based on type, application, and region:
By type - Fiber Grade, Industrial Grade, Antifreeze Grade
By application - Polyester Fibre, Polyester Resins, Antifreeze and Coolants, Chemical Intermediates, Others
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
Asia-Pacific dominated the Monoethylene Glycol (MEG) market at a share of 47.25% in 2018 and is anticipated to witness the fast-growing rate in the forecast period. The growing economy, growing population, and living standards are driving the push for applications such as PET and fiber, thus boosting the growth of the Monoethylene Glycol (MEG) market in Asia-Pacific. Growth in the industrial sector in countries such as China and India will drive market growth.
North America is the second largest market at a share of 26.39%, followed by Europe, accounting for 23.15%. Those regions are likely to experience sluggish growth due to strict product manufacturing regulations.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Monoethylene Glycol (MEG) Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Monoethylene Glycol (MEG) Market by Types
4 Segmentation of Monoethylene Glycol (MEG) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Monoethylene Glycol (MEG) Market in Major Countries
7 North America Monoethylene Glycol (MEG) Landscape Analysis
8 Europe Monoethylene Glycol (MEG) Landscape Analysis
9 Asia Pacific Monoethylene Glycol (MEG) Landscape Analysis
10 Latin America, Middle East & Africa Monoethylene Glycol (MEG) Landscape Analysis
11 Major Players Profile
11.1 SABIC
11.1.1 SABIC Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 The DOW Chemical
11.3 Sinopec
11.4 Formosa Plastics
11.5 Shell
11.6 EQUATE
11.7 Lotte Chemical
11.8 SPDC
11.9 CNPC
11.10 Reliance Industries
11.11 OUCC
11.12 INEOS
11.13 LyondellBasell
11.14 BASF
11.15 NIOC
11.16 Farsa Chimie
11.17 PTT Global Chemical
11.18 IndianOil
11.19 Indorama Ventures
11.20 Sibur
…
Audience:
l Monoethylene Glycol (MEG) manufacturers
l Monoethylene Glycol (MEG) importers and exporters
l Monoethylene Glycol (MEG) traders, distributors, and suppliers
l Raw material suppliers of Monoethylene Glycol (MEG)
l Monoethylene Glycol (MEG) industry associations
l Product managers, Monoethylene Glycol (MEG) industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
What Information does this report contain?
l The report covers the prediction and analysis of the global Monoethylene Glycol (MEG) market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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