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Monoethylene Glycol Market has the Potential to reach $ 38.71 billion by 2023 | Lotte Chemical Corporation, Nan Ya Plastics Corporation, Sinopec Zhenhai Refining & Chemical Company, LyondellBasell Industries, MEGlobal, ExxonMobil Corporation

10-12-2018 09:37 AM CET | Industry, Real Estate & Construction

Press release from: Crystal Market Research - Chemical

Monoethylene Glycol Market 2018

Monoethylene Glycol Market 2018

Monoethylene Glycol (MEG) Market:
North America held a significant share of the Monoethylene glycol (MEG) Market in 2014 due to the increasing demand for polyester fibers and increasing disposable income especially among middle income group. The Asia-Pacific market has not experienced any substantial growth due to high pricing of MEG as a raw material, but can experience favorable growth in coming years owing to increasing in disposable income in the region.

Competitive Insights:
The market includes various competitors prevailing across regions. The prevalent business players incorporate SABIC, The Dow Chemicals, Regal Dutch, AkzoNobel, Mitsubishi Compound and Dependence Enterprises, which by and large holds more than 40% of the aggregate piece of the pie. The other market players include Lotte Chemical Corporation, Nan Ya Plastics Corporation, Sinopec Zhenhai Refining & Chemical Company, LyondellBasell Industries, MEGlobal, ExxonMobil Corporation, India Glycols and ChemtexSpeciality Limited.

Click Your Sample Copy of the Report here @ https://www.crystalmarketresearch.com/report-sample/CM11386 .

The Monoethylene Glycol (MEG) Market is segmented as follows-
By Grade:
Polyester
Industrial
Antifreeze
Low Conductivity

By Application:
Polyester Fiber
PET
Antifreeze & Coolants
Chemical Intermediates

Regional Segment by Analysis:
North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Industry Outlook and Trend Analysis:
The Monoethylene Glycol Market was worth USD 21.45 billion in the year 2014 and is expected to reach approximately USD 38.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.78% during the forecast period. The worldwide Monoethylene glycol market is anticipated to encounter a critical development over the figure time frame. The market is anticipated to be impacted by increasing demand of MEG as raw material for the production of polyester fibers. Monoethylene glycol (MEG) is a critical crude material for modern applications. An essential utilization of MEG is in the production of polyester (PET) gums, movies and filaments. Even, MEG is essential in the creation of liquid catalysts, coolants, flying machine hostile to icer and deicers and solvents. It can be also utilized for applications that require compound intermediates for gums, dissolvable couplers, the point of solidification misery, solvents, humectants and synthetic intermediates. These applications are essential to the fabricate of an extensive variety of items, including pitches, deicing liquids, warm exchange liquids, car radiator fluid and coolants, water-based glues, latex paints and black-top emulsions, electrolytic capacitors, material filaments and paper.

For more information, click on the below link @ https://www.crystalmarketresearch.com/report/monoethylene-glycol-market .

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Monoethylene Glycol Market, By Grade
5.Monoethylene Glycol Market, By Application
6.Monoethylene Glycol Market, By Region
7.Company Profiles

The worldwide Monoethylene glycol (MEG) market is segmented into Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates, on the basis of applications. Polyethylene terephthalate (PET) industry is expected to generate highest market share over the forecast period due to moving patterns towards wood, metal, and paperboard towards plastics in bundling industry and has essentially upscaled the monoethylene glycol advertise request as the item is widely utilized as a part of PET generation.Moreover, simplicity of recyclability, measurement security, great substance protection and boundary properties will also boost the PET industry in a few end-utilize areas over the conjecture time allotment.

List of Tables:
Table 1.Global Monoethylene Glycol Market, By Grade ($Million), 2014-2023
Table 2.Industrial gradeMarket, By Region ($Million), 2014-2023
Table 3.Polyester grade Market, By Region ($Million), 2014-2023
Table 4.Antifreeze grade Market, By Region ($Million), 2014-2023
Table 5.Low conductivity grade Market, By Region ($Million), 2014-2023

Ask Questions to Expertise at @ https://www.crystalmarketresearch.com/send-an-enquiry/CM11386 .

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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