Monoethylene Glycol (MEG) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

MEG is a pleasant, colourless, odourless, involatile, hygroscopic liquid. Ethylene is oxidised to form EO, which is then hydrolyzed to produce MEG. The most common kind of ethylene glycol is MEG (EG). It is widely utilised in the production of PET, polyester, and antifreeze and coolant applications, which primarily serve the packaging, textiles, and automotive sectors.

MARKET DYNAMICS

Increased socioeconomic conditions, developing economies, improved infrastructure, and an expanding fleet of vehicles, among other reasons, have fueled demand for autos, which is boosting the MEG market. Antifreeze and coolants are also in high demand in HVAC systems and heat exchangers to help with heat transmission in cold weather. Industrial and electrical applications can also benefit from antifreeze and coolants. Winterization of potable water systems, sewage systems, non-running engines, and air conditioners are among the most common industrial uses of antifreeze and coolants. As a result, the automotive and electronic industries are seeing more application opportunities.

MARKET SCOPE

The "Global Monoethylene Glycol (MEG) Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Monoethylene glycol (MEG) market with detailed market segmentation by application. The global Monoethylene glycol (MEG) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Monoethylene glycol (MEG) market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Monoethylene glycol (MEG) market is segmented into application. By application, the Monoethylene glycol (MEG) market is classified into polyester fiber, polyethylene terephthalate (pet), antifreeze, others. REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Monoethylene glycol (MEG) market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Monoethylene glycol (MEG) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Monoethylene glycol (MEG) market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Monoethylene glycol (MEG) market in these regions.

Monoethylene Glycol (MEG) Market Report Analysis

Monoethylene Glycol (MEG) Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• LyondellBasell,
• The Dow Chemical Company,
• ME Global
• SABIC,
• ExxonMobil Corporation,
• NAN YA PLASTICS CORPORATION
• Royal Dutch Shell,
• Braskem,
• Reliance Industries Limited,

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Application

• Polyester Fiber
• Polyethylene Terephthalate Antifreeze

MARKET PLAYERS

The report covers vital developments in the Monoethylene glycol (MEG) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the Monoethylene glycol (MEG) market are anticipated to lucrative growth opportunities in the future with the rising demand for Monoethylene glycol (MEG) in the global market. Below mentioned is the list of few companies engaged in the Monoethylene glycol (MEG) market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Monoethylene glycol (MEG) market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   LyondellBasell,
  
•   The Dow Chemical Company,
  
•   ME Global
  
•   SABIC,
  
•   ExxonMobil Corporation,
  
•   NAN YA PLASTICS CORPORATION
  
•   Royal Dutch Shell,
  
•   Braskem,
  
•   Reliance Industries Limited,
  
•   BASF SE,
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Monoethylene Glycol (MEG) Market Report Scope