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Monoethylene Glycol Market - What are the main factors that contributing towards industry growth?
Monoethylene Glycol Market
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Diethylene glycol (DEG) or diglycol, and triethylene glycol (TEG), popularly known as triglycol are the glycol byproducts, which act as substitutes. The high cost of refining ethylene glycol refining acts as a hindrance and is said to challenge the monoethylene glycol market in the upcoming years. Moreover, potential health hazards of the product owing to its toxic nature will further hamper the growth of the monoethylene glycol industry in the future years.
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.
Considering application, the monoethylene glycol market is bifurcated as PET, polyester fiber, antifreeze & coolants, chemical intermediates, and others. The significant automotive industry growth will propel the antifreeze & coolants market to surpass USD 3 billion by the end of the forecast period.
The huge textile and packaging industry coupled with strong development in the automotive industry will foster the monoethylene glycol market in the Asia Pacific region. Asia Pacific will be the fastest growing region led by India and China owing to strong growth opportunities in these countries. With a collated share close to USD 10 billion, North America and Europe will capture close to 25% monoethylene glycol industry by 2024.
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Major players operating in the monoethylene glycol market include Reliance Industries, Mitsubishi Chemical, akzonobel, Royal Dutch, The Dow Chemicals, and SABIC. These companies being significant players hold close 45% market share collectively. Other prominent companies are exxonmobil Corporation, meglobal, lyondellbasell Industries, Sinopec Zhenhai Refining & Chemical Company, Nan Ya Plastics Corporation, Lotte Chemical Corporation, Chemtex Specialty, and India Glycols to name a few.
Major Point From Table Of Content:
Chapter 5. Monoethylene Glycol Market, By Application
5.1. Global Monoethylene Glycol Market share by application, 2016 & 2024
5.2. Polyester fiber
5.2.1. Monoethylene Glycol Market estimates and forecasts, 2013 – 2024
5.2.2. Monoethylene Glycol Market estimates and forecasts by region, 2013 – 2024
5.3. PET
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Antifreeze & coolants
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Chemical intermediates
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/monoethylene-glycol-meg-market
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Global Market Insights, Inc.
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Email: sales@gminsights.com
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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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