Executive Summary
According to a research report published by Azoth Analytics, the Global Monoethylene Glycol Market was valued at USD 27.2 Billion in the year 2022. The organic molecule mono ethylene glycol, commonly known as MEG, EG, 1, 2-ethanediol, or 1, 2-dihydroxyethane, has the chemical formula C2H6O2.
Currently, MEG is mainly produced from fossil fuels, using ethylene as the starting material, but now the market for bio-based MEG is growing strongly. This is largely driven by consumer desire for naturally derived products, the need to reduce carbon footprints and the increasing price volatility of petrochemical raw materials. The market for bio-based chemicals as a whole is growing at around 10% per annum and there is no doubt that the future of the MEG market will belong to bio-based MEG.
MEG is a clear, colourless liquid that has a slight viscosity, a sweet flavour, and almost no odour. It is largely utilized in the industry for the synthesis of polyester fibres and as a component in the creation of antifreeze, coolants, and de-icers since it is miscible with water, alcohol, and many other organic compounds.
On the basis of Application, Polyethylene terephthalate (PET) is the fastest-growing MEG Application and is expected to grow with a CAGR of 5.8% in the forecast period. On the basis of End Users, Textiles is one of the very significant end users of the MEG market in 2022. Due to their incredibly high demand for polyester fibre and polyethylene terephthalate, China and India are APAC's top monoethylene glycol consumers.
Scope of the Report
● The report analyses the Monoethylene Glycol Market by Value (USD million).
● The report analyses the Monoethylene Glycol Market by Volume (Million Metric Tonnes).
● The report presents the analysis of the Monoethylene Glycol market for the historical period of 2018-2021 and the forecast period of 2023-2028.
● The report analyses the Monoethylene Glycol Market by Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others).
● The report analyses the Monoethylene Glycol Market by End User (Textile, Plastic and Packaging, Automotive and Transportation, Others).
● The Global Monoethylene Glycol Market has been analysed by countries (United States, Canada, Germany, UK, France, Italy, China, India, Japan, South Korea).
● The key insights of the report have been presented through the frameworks of market share and recent developments. Also, the attractiveness of the market has been presented by region.
● Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
● The report tracks competitive developments, strategies, Volume Analysis, Cost Analysis, mergers and acquisitions and new product development. The companies analysed in the report include BASF SE, Lyondellbasell Industries N.V., SABIC, Shell Chemicals, Lotte Chemicals, Dow Chemical Company, AkzoNobel, Exxon Mobil Corporation, Huntsman Corporation, and China National Petroleum Corporation.
Key Target Audience
● Monoethylene Glycol Industry Vendors
● Chemical Companies
● Consulting and Advisory Firms
● Government and Policy Makers
● Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Monoethylene Glycol (MEG) Market: Product Overview
4. Global Monoethylene Glycol Market: An Analysis
4.1 Global Monoethylene Glycol Market: Market Indicators
4.2 Market Size, By Value, 2018-2028
4.3 Market Size, By Volume, 2018-2028
4.4 Global Monoethylene Glycol Market: Cost Analysis
4.5 Global Monoethylene Glycol Market: Growth & Forecast
4.6 Impact of COVID-19 on Monoethylene Glycol Market
5. Global Monoethylene Glycol Market Analysis By Application
5.1 Competitive Scenario of Global Monoethylene Glycol Market: By Application (2022 & 2028)
5.2 By Polyester Fiberñ Market Size and Forecast (2018-2028)
5.3 By Polyethylene terephthalate (PET)ñ Market Size and Forecast (2018-2028)
5.4 By Antifreezeñ Market Size and Forecast (2018-2028)
5.5 By Othersñ Market Size and Forecast (2018-2028)
6. Global Monoethylene Glycol Market Segmentation, By End User (Value)
6.1 Competitive Scenario of Global Monoethylene Glycol Market: By End User (2022 & 2028)
6.2 By Textileñ Market Size and Forecast (2018-2028)
6.3 By Plastic and Packagingñ Market Size and Forecast (2018-2028)
6.4 By Automotive and Transportationñ Market Size and Forecast (2018-2028)
6.5 By Othersñ Market Size and Forecast (2018-2028)
7. Global Monoethylene Glycol Market: Regional Analysis
7.1 Competitive Scenario of Global Monoethylene Glycol Market: By Region (2022 & 2028)
8 Americas Monoethylene Glycol (MEG) Market: An Analysis (2018-2028)
8.1 Americas Monoethylene Glycol Market by value: Size and Forecast (2018-2028)
8.2 Americas Monoethylene Glycol Market by volume: Size and Forecast (2018-2028)
8.3 Americas Monoethylene Glycol Market: Cost Analysis
8.4 Americas Monoethylene Glycol Market: Prominent Companies
8.5 Market Segmentation By Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others)
8.6 Market Segmentation By End User- (Textile, Plastic and Packaging, Automotive and Transportation, Others.)
8.7 Market Opportunity Chart of America Monoethylene Glycol Market - By Country, By Value (Year-2028)
8.8 Competitive Scenario of America Monoethylene Glycol Marketñ By Country (2022 & 2028)
8.9 United States Monoethylene Glycol Market: Size and Forecast (2018-2028)
8.10 United States Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
8.11 Canada Monoethylene Glycol Market: Size and Forecast (2018-2028)
8.12 Canada Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
9. Europe Monoethylene Glycol (MEG) Market: An Analysis (2018-2028)
9.1 Europe Monoethylene Glycol Market by value: Size and Forecast (2018-2028)
9.2 Europe Monoethylene Glycol Market by volume: Size and Forecast (2018-2028)
9.3 Europe Monoethylene Glycol Market: Cost Analysis
9.4 Europe Monoethylene Glycol Market: Prominent Companies
9.5 Market Segmentation By Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others)
9.6 Market Segmentation By End User- (Textile, Plastic and Packaging, Automotive and Transportation, Others.)
9.7 Market Opportunity Chart of Europe Monoethylene Glycol Market - By Country, By Value (Year-2028)
9.8 Competitive Scenario of Europe Monoethylene Glycol Marketñ By Country (2022 & 2028)
9.9 Germany Monoethylene Glycol Market: Size and Forecast (2018-2028)
9.10 Germany Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
9.11 France Monoethylene Glycol Market: Size and Forecast (2018-2028)
9.12 France Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
9.13 United Kingdom Monoethylene Glycol Market: Size and Forecast (2018-2028)
9.14 United Kingdom Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
9.15 Italy Monoethylene Glycol Market: Size and Forecast (2018-2028)
9.16 Italy Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
10. Asia Pacific Monoethylene Glycol (MEG) Market: An Analysis (2018-2028)
10.1 Asia Pacific Monoethylene Glycol Market by value: Size and Forecast (2018-2028)
10.2 Asia Pacific Monoethylene Glycol Market by volume: Size and Forecast (2018-2028)
10.3 Asia Pacific Monoethylene Glycol Market: Cost Analysis
10.4 Asia Pacific Monoethylene Glycol Market: Prominent Companies
10.5 Market Segmentation By Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others)
10.6 Market Segmentation By End User- (Textile, Plastic and Packaging, Automotive and Transportation, Others.)
10.7 Market Opportunity Chart of Asia Pacific Monoethylene Glycol Market - By Country, By Value (Year-2028)
10.8 Competitive Scenario of Asia Pacific Monoethylene Glycol Marketñ By Country (2022 & 2028)
10.9 China Monoethylene Glycol Market: Size and Forecast (2018-2028)
10.10 China States Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
10.11 Japan Monoethylene Glycol Market: Size and Forecast (2018-2028)
10.12 Japan Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
10.13 India Monoethylene Glycol Market: Size and Forecast (2018-2028)
10.14 India States Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
10.15 South Korea Monoethylene Glycol Market: Size and Forecast (2018-2028)
10.16 South Korea Monoethylene Glycol Market Segmentation By Application, By End User (2018-2028)
11. MEA Monoethylene Glycol Market
11.1 MEA Monoethylene Glycol Market by value: Size and Forecast (2018-2028)
12. Global Monoethylene Glycol Market Dynamics
12.1 Global Monoethylene Glycol Market Drivers
12.2 Global Monoethylene Glycol Market Restraints
12.3 Global Monoethylene Glycol Market Trends
13. Market Attractiveness
13.1 Market Attractiveness Chart of Global Monoethylene Glycol Market - By Applications (2028)
13.2 Market Attractiveness Chart of Global Monoethylene Glycol Market - By End User (2028)
13.3 Market Attractiveness Chart of Global Monoethylene Glycol Market ñ By Region (2028)
14. Competitive Landscape
14.1 Market Share of global leading companies
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
15.1 BASF SE
15.2 Lyondellbasell Industries N.V.
15.3 SABIC
15.4 Shell Chemicals
15.5 Lotte Chemicals
15.6 Dow Chemical Company
15.7 AkzoNobel
15.8 Exxon Mobil Corporation
15.9 Huntsman Corporation
15.10 China National Petroleum Corporation.
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