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Mono-Ethylene Glycol Market Trends, Size & Growth Analysis 2024-2031 | BASF SE, MEGlobal, Dow.
Mono-Ethylene Glycol Market
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What is the projected growth of the Global Mono-Ethylene Glycol market?
The Mono-Ethylene Glycol Market is expected to reach at a CAGR of 6.9% during the forecast period 2024-2031.
What is Mono-Ethylene Glycol Market?
The Mono-ethylene glycol (MEG) market revolves around its use in polyester fibers, PET resins, and antifreeze applications. Driven by demand from textiles, packaging, and automotive industries, MEG is a key petrochemical product. Market growth is influenced by raw material price fluctuations, sustainability trends, and innovations in bio-based MEG as industries seek eco-friendly alternatives to conventional glycol production.
Who are the major players in the Mono-Ethylene Glycol market?
The prominent players in Mono-Ethylene Glycol market research report are:
Exxon Mobil Corporation, 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 and Sasol.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
On January 29, 2021, Eastman Chemical Company announced a $250 million investment to build a new methanolysis facility in Kingsport, Tennessee. The plant is designed to produce mono-ethylene glycol (MEG) and dimethyl terephthalate (DMT) from hard-to-recycle polyester plastics, contributing to sustainable material solutions. Once operational, the facility will have a production capacity of 150,000 - 200,000 tons per year.
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Market Segments
By Production Process: Gas-based, Naphtha-based, Coal-based, Methane-to-Olefins, Bio-based.
By Application: Polyester Fiber, PET Bottle, PET Film, Antifreeze, Industrial.
By End-User Industry: Textile, Packaging, Plastic, Automotive, Healthcare, Oil & Gas, Others.
The Mono-Ethylene Glycol industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Mono-Ethylene Glycol Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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