Monoethylene Glycol (MEG) Market Overview:
Monoethylene Glycol (MEG) Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Monoethylene Glycol (MEG) market study also gives information on the leading businesses functioning in the Monoethylene Glycol (MEG) industry’s strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Monoethylene Glycol (MEG) market in both global and regional markets.
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COVID-19 Impact on Monoethylene Glycol (MEG) market:
The COVID-19 pandemic has had a severe influence on the worldwide Monoethylene Glycol (MEG) business. Monoethylene Glycol (MEG) production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Monoethylene Glycol (MEG) market in 2020. However, the negative impact of COVID-19 on the Monoethylene Glycol (MEG) market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for smart sensor installation.
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Regional Analysis:
The report’s region section also includes specific market affecting elements and changes in market regulation that affect the market’s present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.
Monoethylene Glycol (MEG) Market Segment Analysis
The monoethylene glycol market has been divided into fiber, PET, film, antifreeze & coolant, and others depending on application. Due to the high demand for monoethylene glycol in the textile end-use industry for the production of synthetic fiber and polyester fiber, fiber is anticipated to be the largest application segment. Due to the need for it in the chemical and automotive end-use sectors, antifreeze and coolant is anticipated to expand at the highest CAGR over the projection period.
The market has been divided into segments based on technology for the manufacturing of monoethylene glycol from naphtha, coal, and natural gas. The sector based on naphtha is anticipated to expand at the highest CAGR over the projection period.
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:
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
The study gives a complete assessment of the presence of the Monoethylene Glycol (MEG) market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Monoethylene Glycol (MEG) Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.
Global Monoethylene Glycol (MEG) Market research report offers:
- The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
- Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
- Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
- In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
- These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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