Monoethylene Glycol Market Predicted to be Billion Dollar Business by 2026 | Report by SABIC, MEGlobal B.V., Royal Dutch Shell, Braskem, Haldor Topsoe A/S, Formosa Plastics Corporation, DowDuPont, Reliance Industries Limited

Monoethylene Glycol Market is set to rise from its initial estimated value of USD 25.30 billion in 2018 to an estimated value of USD 36.84 billion by 2026, registering a CAGR of 4.80% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased usage of monoethylene glycol from a various number of segments of the market.

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Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

Global monoethylene glycol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of monoethylene glycol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Monoethylene Glycol Market
SABIC
MEGlobal B.V.
Royal Dutch Shell
Braskem
Haldor Topsoe A/S
Formosa Plastics Corporation
DowDuPont
Reliance Industries Limited
China Petrochemical Corporation
BASF SE
PTT Global Chemical Public Company Limited
Sibur
LOTTE Chemical CORPORATION

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Market Drivers:
• Increased demand from the various applications in the market is expected to drive the market growth
• Advancements and developments in the market is also expected to drive the market growth
Market Restraints:
• Toxicity of monoethylene glycol if ingested is expected to restrain the market growth
• Vulnerable raw material prices and high costs associated with production of monoethylene glycol is also expected to restrain the market growth
Segmentation: Global Monoethylene Glycol Market
• By Technology
o Naphtha-Based
o Coal & Natural Gas-Based
 Oxalate/UBE Technology
 Eastman-Jm Davy’s MEG Technology
 Methane-to-Olefins (MTO) Technology
• Bio-Based
o Bio-Ethanol Production
 Sucrose
 Starchy Biomass
 Lignocellulose
o Bio-Ethylene Production
• By Application
o Fiber
o Polyethylene Terephthalate (PET)
 Bottle
 Food Packaging
 Other Packaging Applications
o Film
o Antifreeze & Coolant
o Others
 Industrial Applications
 Chemical Intermediate
 Humectant
 Natural Gas Transportation

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This release was published on openPR.