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Monoethylene Market Huge Demand, Booming Growth, Future Trends, Scope Analysis, Key Players And Forecast 2023-2032: BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, MEGlobal B.V
Monoethylene Glycol Market
As per the monoethylene glycol market report by The Business Research Company, 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 tons (KT) by 2024.
The global monoethylene glycol market size grew from $30.71 billion in 2022 to $33.35 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The monoethylene glycol market size is expected to grow to $43.07 billion in 2027 at a CAGR of 6.6%.
Read More On The Monoethylene Glycol Market Report Here:
https://www.thebusinessresearchcompany.com/report/monoethylene-glycol-global-market-report
Major competitors in the monoethylene glycol market include 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.
The monoethylene glycol market is segmented -
• By Production Process: Gas-Based, Naphtha-Based, Coal-Based, Methane-to-Olefins (MTO), Bio-Based
• By Application: Polyester Fiber, Polyethylene Terephthalate (PET) Resins, Polyethylene Terephthalate (PET) Film, Antifreeze, Other Applications
• By End Users: Textiles and Leather, Packaging, Adhesives and Sealants, Paints and Coatings, Chemical, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the monoethylene glycol market.
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The mono ethylene glycol market consists of sales of naphtha based mono ethylene glycol and gas based mono ethylene glycol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Table Of Content For The Monoethylene Glycol Market Include:
1. Executive Summary
2. Monoethylene Glycol Market Characteristics
3. Monoethylene Glycol Market Trends And Strategies
4. Monoethylene Glycol Market - Macro Economic Scenario
5. Monoethylene Glycol Market Size And Growth
6. Monoethylene Glycol Market Segmentation
..........
27. Monoethylene Glycol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Monoethylene Glycol Market
29. Monoethylene Glycol Market Future Outlook And Potential Analysis
30. Appendix
The "Global Monoethylene Glycol Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
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