Monoethylene Glycol (MEG) Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2029


Posted March 31, 2023 by pranit10

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:

Polyethylene Terephthalate (PET) and polyester resins are primarily produced using monoethylene glycol. PET is a material that is used in many consumer goods, including bottles and food containers. Polyester materials are frequently used in clothing, home décor, ropes, conveyer belts, and insulating tapes.

The monoethylene glycol market has been divided into fibre, PET, film, antifreeze & coolant, and others based on application. Due to the high demand for monoethylene glycol in the textile end-use industry for the production of synthetic fibre and polyester fibre, fibre is anticipated to be the largest application segment. Due to the demand for it in the chemical and automotive end-use industries, antifreeze and coolant is anticipated to grow at the highest CAGR during the forecast period.

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Monoethylene Glycol (MEG) Market Scope:

The report discusses market growth inhibitors as well as significant Monoethylene Glycol (MEG) market trends that are influencing the market. A thorough understanding of these variables is necessary for planning and designing the product as well as business strategies. Reading the report's detailed analysis of these trends and issues will help you comprehend the Monoethylene Glycol (MEG) market. For the global market for food fortifying agents, the report provides market size and market share data. For those involved in marketing and business decision-making in the Monoethylene Glycol (MEG) market, the report's aid in market comprehension and upfront data and statistics make it a very valuable resource.

Segmentation:

The monoethylene glycol market has been divided into fibre, PET, film, antifreeze & coolant, and others based on application. Due to the high demand for monoethylene glycol in the textile end-use industry to produce synthetic fibre and polyester fibre, fibre is anticipated to be the largest application segment. Due to the demand for it in the chemical and automotive end-use industries, antifreeze and coolant is anticipated to grow at the highest CAGR during the forecast period.

The market has been divided into segments based on technology for the production of monoethylene glycol from naphtha, coal, and natural gas. The segment based on naphtha is anticipated to expand at the highest CAGR during the forecast period.

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Key Players:

Formosa (Taiwan)
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
Regional Analysis

Regional Insights are included in the reports to ensure the Monoethylene Glycol (MEG) market on a regional level. Understanding local, economic, political, and geographic variables is critical for analysing regional changes in the Monoethylene Glycol (MEG) market. The Monoethylene Glycol (MEG) market's operation has a significant impact on local development plans. The report provides an analysis of regional factors influencing the Monoethylene Glycol (MEG) market as well as domestic growth.

Key Questions answered in the Monoethylene Glycol (MEG) Market Report are:

What is Monoethylene Glycol (MEG) Market?
What is the forecast period of the Monoethylene Glycol (MEG) Market?
What is the competitive scenario of the Monoethylene Glycol (MEG) market?
Which region held the largest market share in the Monoethylene Glycol (MEG) Market?
What are the opportunities for the Monoethylene Glycol (MEG) Market?
What are the restraining factors in the Monoethylene Glycol (MEG) market?
Who are the key players of the Monoethylene Glycol (MEG) market?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029.
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Monoethylene Glycol (MEG)#
Landscape- Leading key players and other prominent key players.
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Last Updated March 31, 2023