Monoethylene Glycol Market Forecast Industry Size Share Analysis Report 2024 | AkzoNobel, ExxonMobil, LyondellBasell, The Dow Chemical Company, Shell, BASF, Reliance Industries Limited, Lotte Chemical, Mitsubishi Chemical America, MEGlobal
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2198
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.
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.
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:
2. Reliance Industries Limited
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
14. India Glycols Limited, Delhi
15. Chemtex Speciality Limited
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2198
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 size. 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 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.
Monoethylene Glycol Market by Application
• Polyester fiber
• Antifreeze & coolants
• Chemical intermediates
Browse key industry insights spread across 260 pages with 418 market data tables & 27 figures & charts from the report, “Monoethylene Glycol Market” in detail along with the table of contents:
About Global Market Insights
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
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 Forecast Industry Size Share Analysis Report 2024 | AkzoNobel, ExxonMobil, LyondellBasell, The Dow Chemical Company, Shell, BASF, Reliance Industries Limited, Lotte Chemical, Mitsubishi Chemical America, MEGlobal here
News-ID: 1510291 • Views: 218
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Monoethylene
Monoethylene Glycol Market Growth Prospects 2022 and Projected to Reach US$ 30.4 …
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global monoethylene glycol (MEG)market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample Copy of “Monoethylene Glycol (MEG) Market” at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1600746 . The
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
Monoethylene Glycol Market SWOT Analysis Of Top Key Player Forecasts To 2023
Global Monoethylene Glycol (MEG) Market: Snapshot Over the recent past, the demand for polyester has spiked owing to a growing demand for apparel in the developing economies of Asia Pacific and Latin America. This domestic demand for polyester fiber is a result of the fast improving economies in the regions and the increasing disposable income among its middle class citizens. This is a direct driver for the growth in production of
Monoethylene Glycol (MEG) Market 2017 - Shell, Huntsman, EQUATE, Lotte Chemical, …
MarketReports.biz, recently published a detailed market research study focused on the "Monoethylene Glycol (MEG) Market" across the global, regional and country level. The report provides 360° analysis of "Monoethylene Glycol (MEG) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Monoethylene Glycol (MEG) industry, and estimates the future trend of Monoethylene