Monoethylene Glycol Market to Grow from $35.12 Bn in 2023 to $53.51 Bn by 2030 at 6.2% CAGR

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬:

The Monomethyl Ethylene Glycol (MEG) Market is experiencing an increase in demand, driven by its widespread applications in various industries. MEG is primarily used in the production of polyethylene terephthalate (PET) resins, which are essential for manufacturing bottles, packaging materials, and textiles. The growing consumption of PET products in the food and beverage, personal care, and textile industries is fueling the rise in MEG demand. Additionally, the expansion of the automotive and construction sectors, which use MEG in antifreeze and other applications, further supports market growth. As industrial and consumer needs for durable and recyclable materials continue to rise, the demand for MEG is expected to increase accordingly.

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐀𝐆𝐑 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧:

The size of the monoethylene glycol (MEG) market was estimated at USD 35.12 billion in 2023. From 2024 to 2030, the income from debt collection software is projected to increase at a compound annual growth rate of 6.2%, reaching approximately USD 53.51 billion.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/request-sample/2018/

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬

Oxidation of Ethylene
Bio-Based Monoethylene Glycol Production

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Polyester Fiber
PET Bottle
PET Film
Antifreeze & Coolant
Others

With the strong demand for textiles and clothing around the world in 2023, polyester fiber production controlled the monoethylene glycol (MEG) market. PET bottle production comes in second, driven by the food and beverage industries' increasing need for robust, lightweight packaging. PET film production continues to hold a substantial portion of the market, helped by its use in industrial, electrical, and packaging applications.

The coolant and antifreeze market anticipated continued growth, especially in the automotive and HVAC industries. Although these are the main uses that are driving demand, the MEG market as a whole is also influenced by specialized uses such solvent synthesis, chemical intermediates, and pharmaceuticals.

𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Textile
Packaging
Plastic
Automotive and Transportation
Other End-user Industries

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The Monomethyl Ethylene Glycol (MEG) Market is undergoing steady growth, driven by its critical role in various industrial applications. MEG, a key raw material in the production of polyethylene terephthalate (PET) resins, is essential for manufacturing a range of products including beverage bottles, packaging materials, and textiles. With increasing consumer demand for PET-based products and the expansion of the automotive and construction sectors, which utilize MEG in antifreeze and other applications, the market is experiencing a positive trajectory. As industries continue to prioritize sustainable and high-performance materials, the demand for MEG is expected to rise, reflecting its integral role in modern manufacturing processes.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/request-sample/2018/

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐰𝐡𝐢𝐜𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬?

The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Monoethylene Glycol (MEG) market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Monoethylene Glycol (MEG), are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

The approach that gives investors relevant information by combining SWOT and descriptive analysis is covered in the report. The study's main objective is to provide a comprehensive picture of the Monoethylene Glycol (MEG) market. The process of gathering data uses a variety of methods, such as surveys and questionnaires. Following this, mathematical, statistical, and numerical approaches are used to evaluate the data. It takes a combination of qualitative and quantitative research approaches to identify Monoethylene Glycol (MEG) market trends, so gathering and processing data is crucial.By carefully examining the situation of buyer-direct, RD initiatives, innovative forms of development, cutting-edge industry techniques, and market consolidations and acquisitions, the research evaluates the potential futures of the market. The research includes methods, organizational charts, portfolios, and a critical evaluation of well-known corporate executives. Monoethylene Glycol (MEG) Doors underwent a thorough PESTLE study and SWOT analysis in order to provide microeconomic variables and detect market trends.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/2018/

𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. SABIC
2. Formosa
3. Dowdupont
4. BASF
5. MEGlobal
6. Sinopec
7. Shell
8. Reliance
9. SIBUR
10. PTTGC
11. Royal Dutch Shell
12. AkzoNobel
13. The Dow Chemicals
14. Mitsubishi Chemical
15. Lotte Chemical Corporation
16. Zhenhai Refining & Chemical Co., Nan Ya Plastics Corporation
17. LyondellBasell Industries
18. ExxonMobil Corporation
19. Chemtex Speciality Limited
20. India Glycols

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞:https://www.maximizemarketresearch.com/market-report/monoethylene-glycol-meg-market/2018/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 (𝐌𝐄𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

• What is Monoethylene Glycol (MEG)?
• What is the growth rate of the Monoethylene Glycol (MEG)?
• Which are the factors expected to drive the Monoethylene Glycol (MEG) market growth?
• What are the different segments of the Monoethylene Glycol (MEG)?
• What growth strategies are the players considering to increase their presence in Monoethylene Glycol (MEG)?
• What are the upcoming industry applications and trends for the Monoethylene Glycol (MEG)?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Monoethylene Glycol (MEG)?
• What major challenges could the Monoethylene Glycol (MEG) face in the future?
• What segments are covered in the Monoethylene Glycol (MEG)?
• Who are the leading companies and what are their portfolios in Monoethylene Glycol (MEG)?
• What segments are covered in the Monoethylene Glycol (MEG)?
• Who are the key players in the Monoethylene Glycol (MEG) market?

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♦ Global Laser Measuring Instrument Market https://www.maximizemarketresearch.com/market-report/global-laser-measuring-instrument-market/105769/

♦ Global Marine Ingredient Market https://www.maximizemarketresearch.com/market-report/global-marine-ingredient-market/31588/

♦ Germany Dairy Products Market https://www.maximizemarketresearch.com/market-report/germany-dairy-products-market/92602/

♦ Global Antistatic Shoes Market https://www.maximizemarketresearch.com/market-report/global-antistatic-shoes-market/107984/

♦ India Air Powered Vehicle Market https://www.maximizemarketresearch.com/market-report/india-air-powered-vehicle-market/20205/

♦ Global Silica Flour Market https://www.maximizemarketresearch.com/market-report/global-silica-flour-market/57187/

♦ Global Dendritic Cell Cancer Vaccine Market https://www.maximizemarketresearch.com/market-report/global-dendritic-cell-cancer-vaccine-market/81960/

♦ Global Neuropathic Pain Market https://www.maximizemarketresearch.com/market-report/global-neuropathic-pain-market/34992/

♦ Global Aptamer Market https://www.maximizemarketresearch.com/market-report/global-aptamer-market/85295/

♦ Psychedelic Drugs Market https://www.maximizemarketresearch.com/market-report/psychedelic-drugs-market/124231/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.