Press release
Monoethylene Glycol Market Key Growth Analysis - Reliance, SABIC, Dow Chemicals, MEGlobal, Sinopec, LyondellBasell Industries
Monoethylene Glycol Market, Monoethylene Glycol Market Study, Monoethylene Glycol Market Size, Monoethylene Glycol Market Segmenta
Monoethylene glycol market has been segregated on the basis of grade, application and regions. The major grade segments include polyester, industrial and antifreeze. Among these, polyester grade held the significant share of monoethylene glycol market and will expand at a noteworthy rate in the forecast period. This is due to its wide application in textile, packaging and other industries as it has excellent barrier, strength and other mechanical features.
Report Mainly focuses on the top Manufacturers in global market are given bellow
AkzoNobel, Reliance, SABIC, Dow Chemicals, MEGlobal, Sinopec, LyondellBasell Industries, Royal Dutch and Mitsubishi
Request a Sample of this premium Research Report@ https://www.marketstudyreport.com/request-a-sample/707347/
By Graade
• Polyester
• Industrial
• Antifreeze
• Low Conductivity
By Application
• Polyester Fiber
• PET
• Antifreeze & Coolants
• Chemical Intermediates
Increasing demand for plastic packaging from pharmaceutical, cosmetics, food & beverage and other industries is driving the monoethylene glycol market growth. This is due to its extensive usage of the product in the manufacturing of PET and polyester resins. Global monoethylene glycol market will surpass USD 40 billion by 2024, according to this new research report.
Expansion in various industrial sectors such as textile, automotive, paints & coatings, packaging and others owing to the economic growth and upsurge in spending power, will boost the monoethylene glycol market demand by 2024. Increasing demand for polyester fiber, especially in Asia Pacific, is fueling the monoethylene glycol market demand, owing to its extraordinary chemical and mechanical properties.
Volatility in feedstock material prices will be the key restraining factor for the monoethylene market growth over the forecast period. The product is manufactured from ethylene, a derivative of crude oil and fluctuation in oil prices directly impacts on the raw material prices. Price fluctuation results in unpredictable supply, which hinders manufacturing processes, thus creating a major setback for the monoethylene glycol market.
In terms of revenue, antifreeze & coolants segment will cross USD 3 billion in 2024. Positive response from automotive industry will drive the segment growth as the product is used as major component to manufacture the IC engine coolants and will boost the industry. Monoethylene glycol is mainly used as a raw material for antifreeze & coolants formulations which will enhance the product demand in the forecast timespan.
On the basis of geography, Asia Pacific, led by China and India, is likely to hold a significant share in the global monoethylene glycol market in past years and is likely to expand it by 2024 at the fastest rate. Europe and North America will have a collective market of over USD 10 billion by 2024 accounting for around a quarter of the overall monoethylene market.
Request a Discount on standard prices of this premium Monoethylene Glycol Market Research Report@ https://www.marketstudyreport.com/check-for-discount/707347/
The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada)
• Europe (Germany, UK, France, Spain, Italy)
• Asia Pacific (Japan, China, India, South Korea)
• Latin America (Brazil, Mexico)
• MEA (South Africa, Saudi Arabia, UAE)
The major application segments include polyester fiber, PET, antifreeze & coolants, and chemical intermediates. Minor applications include leather processing, water based adhesive, Latex paints, asphalt emulsions, humectants, etc. and have been included in others segment Among these, polyester fiber and PET will collectively hold more than 70% of the share in overall monoethylene glycol market expanding at a substantial rate by 2024.
To View Full Report@ https://www.marketstudyreport.com/reports/monoethylene-glycol-market
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Monoethylene Glycol Market Key Growth Analysis - Reliance, SABIC, Dow Chemicals, MEGlobal, Sinopec, LyondellBasell Industries here
News-ID: 1181204 • Views: …
More Releases from Market Study Report
Wheelchair Tires Market Size to rise at 4.85% CAGR through 2028
Market Study Report recently added a new title on 2023-2028 Global Wheelchair Tires Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2028.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5669807/
Global Wheelchair Tires Market Size was estimated at USD 402.34 million in 2022 and is projected to reach USD 560.42 million by 2028,…
Global Vital Signs Monitors Market Size to witness a CAGR of 0.1% during 2023-20 …
Market Study Report recently added a new title on 2023-2028 Global Vital Signs Monitors Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2028.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5669877/
Global Vital Signs Monitors Market Size was estimated at USD 4811.69 million in 2022 and is projected to reach USD 4845.81 million…
Outboard Electric Motors Market Size to Record 6.26% CAGR Through 2028
Market Study Report: The Report 2023-2028 Global Outboard Electric Motors Market Report explores the essential factors of the Outboard Electric Motors market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Outboard Electric Motors market has been separated by this report based on the key players profiles, Type, Application and Regions.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5658245/ …
Robot Grippers Market Size growing at 13.33% CAGR to hit USD 5301.68 million by …
Global Robot Grippers Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Robot Grippers Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Robot Grippers market and provides information regarding the revenue for the period 2023 to 2028.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5658423/ …
More Releases for Monoethylene
Monoethylene Glycol (MEG) Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Monoethylene Glycol (MEG) market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Monoethylene Glycol (MEG)market by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of Monoethylene Glycol (MEG)market, market definition, overview, industry opportunities…
How will rapid industrialization favor monoethylene glycol market trends?
Global monoethylene glycol market demand is substantiated by steady demand from key end use industries such as packaging, automotive, paints & coatings, textiles, and others. In terms of revenue, global monoethylene glycol market is likely to surpass USD 40 bn by 2024. The product is extensively used for the production of PET materials and polyester fiber & resins, which are used across a wide spectrum of applications. Rising demand for…
Monoethylene Glycol (MEG) Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the Monoethylene Glycol (MEG) market analysis, which studies the Monoethylene Glycol (MEG)'s industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Monoethylene Glycol (MEG) Market 2020-2025” Research Report categorizes the global Monoethylene Glycol (MEG) market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth…
Global Monoethylene Glycol Market with Forecasts to 2023
The increasing use of monoethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is propelling the growth of the global monoethylene glycol market. However, volatility in crude oil prices and regulation for environmental protection are expected to restrain the growth of the global monoethylene glycol market.
Request sample report here : https://www.psmarketresearch.com...
Monoethylene glycol is commonly known as ethylene glycol that is a colorless, sweet tasting, and odorless organic compound. Monoethylene glycol is manufactured…
Monoethylene Glycol Market show exponential growth by 2023
The global monoethylene glycol market was dominated by SABIC, The Dow Chemical Company, and Royal Dutch Shell Plc. – three companies that collectively held 29.3% of the market in 2014.
View Report Preview:
https://www.transparencymarketresearch.com/monoethylene-glycol-market.html
Despite the globally strong presence of these key players, a majority of the global production of monoethylene glycol is done by regional and local companies. This creates a highly fragmented and highly competitive market where capacity expansion is the…
Monoethylene Glycol Market Trends, Size, Share and Growth Analysis 2023
The global market for monoethylene glycol is expected to expand at a CAGR of 6.1% within a forecast period from 2015 to 2023. The revenue is expected to reach US$26.93 bn by the end of 2016 and US$40.84 bn by the end of 2023.
View Full Report: https://www.transparencymarketresearch.com/monoethylene-glycol-market.html
The volume of monoethylene glycol produced in the world is expected to progress at a CAGR of 5.5% from 2015 to 2023.
Asia Pacific has…
