Monoethylene Glycol (MEG) Market to See Huge Growth by 2031 |Players Indian Oil Corporation Limited, BASF SE, etc

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Monoethylene glycol is a colorless, odorless, and barely viscous liquid that is miscible in water, aldehydes, alcohols, and many other organic compounds. It is an organic compound used primarily as a raw material in the manufacture of polyethylene terephthalate resins (PET), which are employed in bottles and polyester fibers in the fabric industry. It cannot dissolve heavy petroleum and vegetable oils, cellulose acetate, and rubber.

Monoethylene glycol is low volatile and hygroscopic compared to glycerol at room temperature. In its pure form, monoethylene glycol is a colorless liquid with sweet taste. The production of ethylene glycol is carried out from ethylene through the intermediate ethylene oxide.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/monoethylene-glycol-market.html 

This report provides detailed analysis and forecast of the monoethylene glycol market on a global and regional level from 2020 to 2031. On the global level, the monoethylene glycol market has been segmented based on volume (kilo tons) and revenue (US$ Bn) from 2020 to 2031. In order to provide in-depth understanding of the market at the regional level, the demand for monoethylene glycol has been forecast in terms of volume (kilo tons) and revenue (US$ Bn) from 2021 to 2031. The report includes drivers and restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various opportunities for the growth of the monoethylene glycol market at the global and regional level.

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The global monoethylene glycol market is competitive and fairly fragmented with the presence of key players. Prominent players operating in the global monoethylene glycol market include Royal Dutch Shell Plc, SABIC, Dow Chemical Company, MEGlobal, LyondellBasell Industries N.V., Reliance Industries Limited, Indian Oil Corporation Limited, BASF SE, GC Glycol Company Limited, Mitsubishi Chemical Corporation (MCC), SIBUR, NAN YA PLASTICS CORPORATION, and Clariant.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2251 

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Polyester films and resins hold relevance across a multitude of high-end industries, and this is an integral dynamic of market growth. Polyester fibers and films can be manufactured from monoethylene glycol, thus driving the growth graph of market vendors. Rise in usage of monoethylene glycol in anti-freeze formulations is a prominent driver of the global monoethylene glycol market. Other similar applications of monoethylene glycol span solvents and anti-icers for aircraft. Considering these factors stated above, the global monoethylene glycol market is expected to expand substantially in the near future.

The automotive industry has remained steadfast in embracing new technologies that can foster improvements in manufacturing and performance of automotive parts. Therefore, the use of monoethylene glycol in manufacturing coolants for automotive engines has gained momentum in recent times. Furthermore, importance of monoethylene glycol-based liquids for automotive heat transfer in automotive engines has also garnered the attention of industry leaders. The colorless, odorless, and viscous nature of monoethylene glycol has helped in popularizing the product across key industrial verticals. There is little contention in regard to the chemical supremacy of the product.

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2251 

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

Asia Pacific dominates the global monoethylene glycol market. The market in the region is anticipated to expand at a CAGR of more than 7% during the forecast period. Increase in demand for chemical intermediates, humectants, and resins is driving the monoethylene glycol market in Asia Pacific. Taiwan, China, and India are key countries of the monoethylene glycol market in Asia Pacific. They held major share of the monoethylene glycol market in Asia Pacific in 2020. These countries are estimated to maintain their dominant position in the region during the forecast period.

The demand for monoethylene glycol in Europe and North America is likely to decline in the near future, due to rise in concerns over sustainability of the material and sluggish economic growth.

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2251 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Polyester Fiber

Polyethylene Terephthalate (PET)

Antifreeze

Others (including Intermediate Chemicals)

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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