(2022-2031) Monoethylene Glycol Global Market Report : Size, Share, Growth Rate, Business Module, Product Scope And Expansion

The global mono ethylene glycol market report by the business research company identifies the rise in the packaging industry is significantly contributing to the growth of the mono ethylene glycol market going forward. Packaging refers to enclosing or protecting products for distribution, storage, sale, and use. As a result, increasing demand in the packaging industry increases the demand for mono ethylene glycol. For instance, in 2021, according to the India Brand Equity Foundation, an Indian government export promotion agency, packaging demand and consumption in India increased 200%, from 4.3 kgs per person per annum (PPPA) to 8.6 kgs PPPA. Further, in June 2021, according to Financial Express, an Indian business newspaper, the sustainable packaging industry in India is estimated to grow by 4-6% and account for 770-800 kilo tonnes (KT) by 2024. Therefore, the rise in the packaging industry is driving the growth of the monoethylene glycol market going forward.

The global mono ethylene glycol market size is expected to grow from $27.78 billion in 2021 to $30.41 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global mono ethylene glycol market size is expected to grow to $38.36 billion in 2026 at a CAGR of 6%.

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Asia-Pacific was the largest region in the mono ethylene glycol market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global mono ethylene glycol market during the forecast period. The regions covered in the global mono ethylene glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the mono ethylene glycol market are BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, MEGlobal B.V., Reliance Industries Limited, Mitsubishi Chemical Corporation, Indian Oil Corporation Limited, Lotte Chemical Corporation, Nan Ya Plastics Corporation, India Glycols, ExxonMobil Corporation, Formosa Plastics Corporation, Sinopec, and SIBUR International GmbH.

The global Mono ethylene glycol market is segmented -
1) By Production Process:
Gas-Based
Naphtha-Based
Coal-Based
Methane-to-Olefins (MTO)
Bio-Based

2) By Application:
Polyester Fiber
Polyethylene Terephthalate (PET) Resins
Polyethylene Terephthalate (PET) Film
Antifreeze

3) By End Users:
Textiles and Leather
Packaging
Adhesives and Sealants
Paints and Coatings
Chemical

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The Mono ethylene glycol Market Report Contents Include
1. Executive Summary
2. Mono Ethylene Glycol Market Characteristics
3. Mono Ethylene Glycol Market Trends And Strategies
4. Impact Of COVID-19 On Mono Ethylene Glycol Market
5. Mono Ethylene Glycol Market Size And Growth
….....
28. Key Mergers And Acquisitions In The Monoethylene Glycol Market
29. Monoethylene Glycol Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the mono ethylene glycol market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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