Global Mono Ethylene Glycol (MEG) Market: North America is expected to witness high demand and utilization of MEG for polyester industry.

Mono Ethylene Glycol (MEG) is an organic compound which is highly reactive and it is used as a monomer in the production of polyesters and PET (the plastic used in water and beverage bottles packaging). MEG, DEG and TEG are produced using ethylene glycols which are used in many industries. There is huge scope of applications of the MEG Market owing to various industrial processes in upcoming years.

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Scope and Regional Forecast of the MEG Market:
Mono-ethylene glycol (MEG) is dominating the market followed by diethylene glycol (DEG) and triethylene glycol (TEG). In the MEG Market, There is high demand in the North America for these products. Ethylene price and MEG price highly depend on the stock and quality of the product available.
MEG Market has applications such as Ethylene Glycol is primarily used as a raw material in the manufacture of polyester fibers and fabric industry, and polyethylene terephthalate resins (PET) used in bottling. Asia Pacific is expected to produce high MEG in upcoming years.
In the MEG Market, it is highly used as a feedstock to produce antifreeze and other chemical compounds. Europe is expected to have moderate demand for MEG for polyester application and it is high regulated in this region. Germany is the prominent consumer of this market in upcoming years.

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Segmentation and Key Players of the MEG Market:
The MEG Market is segmented into various categories by product type, by application, by company and by region as follows:
• By product type: 201, 202 and others
• By application: production of polyester, production of antifreeze and
others
• By company: BP, ShiyouHuagong, DuPont chemical, Mitsui chemical,
Mitsubishi chemical, TaiwanCapco, Reliance, Samsung petrochemical,
Three south petrochemical, Taiwan FCFC, HualianSanxin,
XiangluShihua, YishengShihua, High in petrochemical, Karea Taiguang,
East timor chemical, ZhongguoShiyou, PCC, INODOROMA, SK,
Polyprima, Pakistan PTA, ICI, SABIC and Polysindo
• By region: Thailand, China, India, USA, Japan, Korea, Indonesia and
others
The key players in the MEG Market are as follows:
• BP
• Reliance
• ShiyouHuagong
• DuPont chemical
• Mitsubishi chemical

The MEG Market is a rapidly growing market with increasing use of monoethylene glycol or MEG products in various end user industries across the globe. With rise in use of these products and growing industries, MEG price and demand are expected to rise in various regions across the globe in the upcoming term.

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