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Monoethylene Glycol Market Analysis - Industry Forecast 2024 | Shell, BASF, The Dow Chemical Company, LyondellBasell, ExxonMobil, AkzoNobel, Reliance Industries Limited
Monoethylene Glycol Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Shell
2. Reliance Industries Limited
3. BASF
4. SABIC (Saudi Basic Industries Corporation) For Petrochemical
5. Mitsubishi Chemical America
6. Lotte Chemical
7. Nan Ya Plastics Corporation
8. The Dow Chemical Company
9. Sinopec Zhenhai Refining & Chemical Company
10. LyondellBasell
11. MEGlobal
12. ExxonMobil
13. AkzoNobel
14. India Glycols Limited, Delhi
15. Chemtex Speciality Limited
Based on grade, monoethylene glycol market is segmented into polyester, industrial, antifreeze, and low conductivity. With a major share in the market, the polyester grade will witness significant gains over the forecast time spell driven by its extensive applications in the packaging and textiles industry. The product exhibits exceptional performance, strength, and mechanical properties.
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Monoethylene Glycol Market by Grade by Application
• Polyester grade
o PET
o Polyester fiber
o Others
• Industrial grade
o Chemical intermediates
o Others
• Antifreeze grade
o Antifreeze & coolants
o Others
• Others
o Chemical intermediates
o Polyester fiber
o Others
Monoethylene Glycol Market by Application
• Polyester fiber
• PET
• Antifreeze & coolants
• Chemical intermediates
• Others
Browse Full Report @ https://www.gminsights.com/industry-analysis/monoethylene-glycol-meg-market
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 size of over USD 10 billion by 2024 accounting for around a quarter of the overall monoethylene market.
The prominent manufacturers in the monoethylene glycol market which include AkzoNobel, Reliance, SABIC, Dow Chemicals, MEGlobal, Sinopec, LyondellBasell Industries, Royal Dutch and Mitsubishi, which hold over half of the overall market share. SABIC has a significant integration throughout the product value chain as it manufacturers the raw materials required for the monoethylene glycol production.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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