Press release
Monoethylene Glycol Market Forecast by Key Players: ExxonMobil Corporation, MEGlobal, LyondellBasell Industries, Sinopec Zhenhai Refining & Chemical Company
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1) Monoethylene Glycol Market, Grade By Application
2) Polyester grade
a) Polyester Fiber
b) PET
3) Industrial grade
a) Chemical intermediates
b) Others
4) Antifreeze grade
a) Antifreeze & coolants
b) Others
5) Low conductivity grade
a) Polyester Fiber
b) PET
c) Antifreeze & coolants
d) Chemical intermediates
e) Others
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1) Monoethylene Glycol Market, By Application
2) Polyester fiber
3) PET
4) Antifreeze & coolants
5) Chemical intermediates
6) Others
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 market by 2024.
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.
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Monoethylene glycol market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilotons & revenue in USD million from 2013 to 2024, for the following segments:
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