Press release
U S Mono-Ethylene Glycol Market Size, Trends, Share, Analysis, Demand, and Forecast Report 2023-2030
Mono-ethylene glycol has the chemical formula C2H6O2. MEG is a clear, colorless liquid with a sweet flavor, barely any odor, and a slight viscosity. Because it is miscible with water, alcohol, and many other organic compounds, it is widely used in the industry to synthesize polyester fibers and as a component in the manufacturing of antifreeze, coolants, aviation anti-icers, and de-icers. MEG is essential for the production of engine coolants, polyester film and fibers, and polyethylene terephthalate resins.
MEG is a material that is utilized in many different products, including as kitchenware, clothing and other textiles, packaging, engine coolants, and antifreeze. The lightweight and sturdy polyethylene terephthalate drink and food containers, as well as fleece and polyester textiles, furniture, carpets, and pillows, are derived from ethylene glycol.
U S Mono-Ethylene Glycol Market Size and Growth Analysis
The global U S Mono-Ethylene Glycol Market is expected to exhibit a CAGR of 4.0% during the forecast period 2023-2030.
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U S Mono-Ethylene Glycol Market Dynamics
A popular raw source for making the long-lasting and hydrophobic polymer polyethylene terephthalate (PET) resin is mono-ethylene glycol. Because PET materials have elusive qualities like cost-effectiveness, energy conservation, and recycling, they are frequently preferred. Additionally, PET is the most widely used engineering thermoplastic material. It is found in many packaging products that are directly related to the food and beverage and packaging industries, two of the fastest-growing billion-dollar sectors in the United States. Examples of these products include shopping bags, plastic bottles, and packaging films.
For example, demand for PET in the region climbed month after month even while the majority of Texas manufacturing factories were closed due to winter storms, according to Chemanalyst, a prominent source of chemical commodity prices.
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U S Mono-Ethylene Glycol Market Segment Analysis
By Production Process
By Application
By End-User
Major Companies Covered
BASF SE, MEGlobal, LyondellBasell Industries Holdings B.V., Dow, SABIC, NAN YA PLASTICS CORPORATION, Shell, Reliance Industries Limited, LOTTE Chemical Corporation, Indorama Ventures Public Company Limited, Eastman Chemical Company
Trending Report
Asia Pacific Refrigerant Market: https://www.datamintelligence.com/research-report/asia-pacific-refrigerant-market
Europe Refrigerant Market: https://www.datamintelligence.com/research-report/europe-refrigerant-market
Asia Pacific Lactic Acid Market: https://www.datamintelligence.com/research-report/asia-pacific-lactic-acid-market
Europe Lactic Acid Market: https://www.datamintelligence.com/research-report/europe-lactic-acid-market
ZDDP (Zinc Dialkyldithiophosphate) Additive Market: https://www.datamintelligence.com/research-report/zinc-dialkyldithiophosphate-additive-market
Trioctyl Tertiary Amine Market: https://www.datamintelligence.com/research-report/trioctyl-tertiary-amine-market
Automotive Elastomers Market: https://www.datamintelligence.com/research-report/automotive-elastomers-market
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