Monoethylene Glycol (MEG) Market size is expected to reach US$ 50.39 Bn in year 2029, at a CAGR of 6.2% during the forecast period.
Monoethylene Glycol (MEG) Market Overview:
This study categorises the Monoethylene Glycol (MEG) market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.
The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.
Market Scope:
The Monoethylene Glycol (MEG) Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Monoethylene Glycol (MEG) market growth rates.
Monoethylene Glycol (MEG) Market: Market Dynamics
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.
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Segmentation:
by Technology
Naphtha-Based
Coal-And Natural Gas-Based
Bio-Based Monoethylene Glycol Production
Technology Providers
by Application
Fiber
PET
Film
Antifreeze & Coolant
Others
Key Players: The key players are
1. SABIC (Saudi Arabia)
2. Formosa (Taiwan)
3. Dowdupont (US)
4. BASF (Germany)
5. MEGlobal (UAE)
6. Sinopec (China)
7. Shell (Netherlands)
8. Reliance (India)
9. SIBUR (Russia)
10. PTTGC (Thailand)
11. Royal Dutch Shell
12. AkzoNobel
13. The Dow Chemicals
14. Mitsubishi Chemical
15. Lotte Chemical Corporation
16. Zhenhai Refining & Chemical Co., Nan Ya Plastics Corporation
17. LyondellBasell Industries
18. ExxonMobil Corporation
19. Chemtex Speciality Limited
20. India Glycols
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Regional Analysis:
The Monoethylene Glycol (MEG) market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Monoethylene Glycol (MEG) market share and will continue to be a major shareholder in the global Monoethylene Glycol (MEG) market.
COVID-19 Impact Analysis on Monoethylene Glycol (MEG) Market:
The COVID-19 pandemic caused a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Monoethylene Glycol (MEG) market to decelerate in 2020. The new report includes insights, analysis, estimates, and predictions that include the influence of COVID 19 on the Monoethylene Glycol (MEG)# market. Maximize Monoethylene Glycol (MEG) Market Research report includes an in-depth analysis of consumer behavior in the wake of the pandemic as well as its impact on the future of the Monoethylene Glycol (MEG) market along with the impact on segmentation, drivers, and increase in market restraints.
Key Questions Answered in the Monoethylene Glycol (MEG) Market Report are:
- What will be the CAGR of the Monoethylene Glycol (MEG) market during the forecast period?
- Which segment emerged as the leading segment in the Monoethylene Glycol (MEG) market?
- Which are the prominent players in the Monoethylene Glycol (MEG) market?
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