Monoethylene Glycol (MEG) Market Overview:
Monoethylene glycol is a key ingredient in the production of polyethylene terephthalate (PET) and polyester resins. PET is used in a variety of consumer goods products, including food containers and bottles. Polyester fabrics are widely used in clothing, upholstery, ropes, conveyer belts, and insulating tapes.
The ” Monoethylene Glycol (MEG) Market Analysis” is an in-depth look at the Monoethylene Glycol (MEG) market, with a focus on global market trends and analysis. The purpose of this research is to provide an overview of the Monoethylene Glycol (MEG) industry as well as a comprehensive market analysis by segment and geography. The Monoethylene Glycol (MEG) market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Monoethylene Glycol (MEG) corporations, as well as noteworthy industry trends and prospects.
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Market Scope:
The study includes a PESTLE analysis to assess the market’s leading competitors’ strengths and weaknesses. To predict the market and give investors professional insights to keep them up to speed on market developments, the research thoroughly investigates the Monoethylene Glycol (MEG) Market size, share, trends, total earnings, gross revenue, and profit margin.
The report also provides company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information for the Monoethylene Glycol (MEG) market’s major industry players. This study investigates market trends, volume, and value on a global, regional, and company level. This report analyses the whole Monoethylene Glycol (MEG) Market Size from a global perspective, analysing historical data and creating estimates.
Segmentation:
Based on application, the monoethylene glycol market is divided into fibre, PET, film, antifreeze & coolant, and others. Fiber is expected to be the most important application segment due to the high demand for Monoethylene glycol in the textile end-use industry to produce synthetic fibre and polyester fibre. Because of its demand in the automotive and chemical end-use industries, antifreeze and coolant are expected to grow at the fastest CAGR during the forecast period.
The market has been divided into naphtha-based, coal-and-natural-gas-based, and bio-based Monoethylene glycol production segments based on technology. During the forecast period, the naphtha-based segment is expected to grow at the fastest CAGR.
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Key Players:
Primary and secondary research identifies important market participants, whereas primary and secondary research calculates market revenues. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to compute percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to original data. The following are a few companies working in the Monoethylene Glycol (MEG) industry.
- Dowdupont (US)
- BASF (Germany)
- MEGlobal (UAE)
- Sinopec (China)
- Shell (Netherlands)
- Reliance (India)
- SIBUR (Russia)
- PTTGC (Thailand)
- Royal Dutch Shell
- AkzoNobel
- The Dow Chemicals
- Mitsubishi Chemical
- Lotte Chemical Corporation
- Zhenhai Refining & Chemical Co., Nan Ya Plastics Corporation
- LyondellBasell Industries
Regional Analysis:
The Monoethylene Glycol (MEG) research focuses on geographical analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This portion of the research examines the share and growth rate of each area and nation throughout the anticipated time period.
The report provides a precise PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues affecting the Monoethylene Glycol (MEG) market in various sectors.
COVID-19 Impact Analysis on Monoethylene Glycol (MEG) Market:
As a result of the COVID-19 outbreak, customer behaviour has changed in many spheres of society. In contrast, industries will need to adjust their strategy to account for shifting market supply. This study will assist you in expanding your business in compliance with the new industry standards by providing an overview of the COVID-19’s impact on the Monoethylene Glycol (MEG) market.
The Monoethylene Glycol (MEG) Market Report presents 360-degree study under the COVID-19 Influence area, spanning from the flexible supply chain and import constraints to provincial government regulations and the firm’s future impact. Primary market research (2021-2027), examples of venture rivalry, advantages and disadvantages of major firm streams, and industry growth trends (2021-2027) have all been provided.
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