Global Monoethylene Glycol Market (2021-2029) – Including AkzoNobel, ExxonMobil and Formosa Plastic
the “Monoethylene glycol (Meg) market size, market share, application analysis, regional outlook, growth trends, key players, competitive strategies and forecast, 2021 to 2029” the report was added to ResearchAndMarkets.com from offer.
The monoethylene glycol (MEG) market is expected to reach over US $ 53.25 billion by 2029, with a CAGR of 6.0% during the forecast period 2021-2029.
Monoethylene is a colorless, odorless liquid known as the daughter product of ethylene oxide. Diethylene oxide and triethylene dioxide are the co-products obtained in the manufacturing process of monoethylene glycol. Monoethylene glycol is widely used in various end user industries. The main applications of monoethylene glycol range from the textile industry to the packaging industry. It is used as a raw material in the manufacture of polyethylene terephthalate (PET), polyester fiber, and coolant and antifreeze, among others. Hence, strong demand is reported by various end user industries all over the world.
Asia-Pacific accounted for the largest share of the global monoethylene glycol market in 2020. China is known as the global manufacturer of textiles. Polyester is made from monoethylene glycol. These fibers are used extensively in the textile industry to make casual wear and sportswear, among other garments. Hence, the strong demand from the textile industry is driving the growth of monoethylene glycol in the world market. Polyethylene terephthalate was the fastest growing application of MEG on the market. PET is mainly used in the manufacture of bottles and packaging products. Therefore, the growth of the packaging industry and the high consumption of PET in this industry is driving the growth of global monoethylene glycol in the market. Monoethylene glycol is also expected to experience increasing demand from the automotive industry. It is used in the manufacture of automotive coolant and antifreeze. It is also used as a de-icing agent in snowy areas around the world. Hence, the strong demand from various end-user industries for different applications has led to the growth of the global Monoethylene Glycol Market.
The purpose of this strategic research study is to provide business executives, industry investors, and industry participants with in-depth information to enable them to make informed strategic decisions regarding opportunities in the global Monoethylene Glycol (MEG) market. .
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive Summary
2.1 Market Overview: Global Monoethylene Glycol (MEG) Market
2.2 Global Monoethylene Glycol (MEG) Market, By Application
2.3 Global Monoethylene Glycol (MEG) Market, By Geography
Chapter 3 Market Dynamics
Chapter 4 Global Monoethylene Glycol (MEG) Market Analysis, By Application
Chapter 5 SRC View
5.1 Segmentation view (product / application)
5.1.2 Global Monoethylene Glycol (MEG) Market, by Application, 2019-2029, (Kilo Tons) (Billion US $)
Chapter 6 RC View
6.1 North America Monoethylene Glycol (MEG) Market Analysis
6.2 Europe Monoethylene Glycol (MEG) Market Analysis
6.3 Asia-Pacific Monoethylene Glycol (MEG) Market Analysis
6.4 Middle East and Africa (MEA) Monoethylene Glycol (MEG) Market Analysis
6.5 Rest of the World (RoW) Monoethylene Glycol (MEG) Market Analysis
Chapter 7 Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/9cgyze
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210521005430/en/
Laura Wood, Senior Press Officer
For EST office hours, dial 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900