Global Monoethylene Glycol Market-Segmented into Grade, Application and Geography Growth, Trends and Forecasts to 2022

Orbis Research delivers key insights on the global Monoethylene Glycol market in a new report titled “Global Monoethylene Glycol Market-Segmented into Grade, Application and Geography Growth, Trends and Forecasts (2017-2022)” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022).

The major players in the market, on a global perspective, include: Royal Dutch Shell plc, Reliance, Industries Limited, Saudi Basic Industries Corporation (SABIC), BASF SE

The global Market For Monoethylene Glycol (MEG), valued at USD XX million (by revenue) and XX Kilometric tons (by volume) in 2016, is estimated to reach USD XX million (by revenue) and XX Kilometric tons in 2017(by volume) and forecasted to record around USD XX million (by revenue) and XX kilotons (by volume), respectively by 2022, registering the CAGR of X.X% and X.X%, respectively, during 2017-2022 (the forecast period).

MEG is an organic odorless and colorless compound, which taste sweet. Monoethylene glycol is used in the production of polyester resins as well as other films and fibers. It is manufactured under the process called, ‘Wurtz Process’ that includes the hydration of ethylene oxide.

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Market Dynamics
The multi-purpose utility of the chemical compound propels the growth of MEG. It is used mainly as a component for the production of Polyethylene Terephthalate (PET) that is used in the packaging industry. The growth of food & beverage-based industries, directly dependent on the packaging industries, acts as one of the major drivers for the growth of MEG market. Apart from the above-mentioned driver, the growth of textile industry accelerates the market growth.

The toxic nature of ethylene glycol chemical compound hinders the market growth. During the process of de-icing, it leaches into the soil and affects the underground water and the soil. Further, the health and well-being of humans and wildlife health are affected during this process.

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Market Segmentation
The segmentation of MEG market is done, on the basis of different grades and applications, the compound caters to. Based on the grades, the market for MEG is segmented into the polyester grade, industrial grade, antifreeze grade and low conductivity grade, among others. Further, the industrial and antifreeze grades sub-segments account for the largest share of the market. Based on the applications, the market for MEG is segmented into polyester resin, polyester fibers, antifreeze and coolants, chemical intermediates, heat transfer fluids and others.

As far as the application segmentation is concerned, MEG caters a variety of end-user industries, owing to its multi-utility property. The polyester grade of the compound is majorly used in the production of fibers, while antifreeze is used to make formulations that help in reducing the freezing point of the water, which, in turn, helps in de-icing. Polyester resin application is expected to hold the major share of the market, followed by antifreeze and coolants.

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The market, on the basis of geography, is segmented into North America, South America, Asia-Pacific, Europe and the Middle East & Africa. Growing chemicals industries in APAC regions have helped the market to flourish in this region. Moreover, the North America and Europe are expected to closely follow Asia-Pacific.

Opportunities and Major Players
Increasing emphasis on R&D of bio-based environmentally friendly chemicals, across the globe, serves as a major opportunity for the market. Some research and eco-friendly alternatives that can help in removing the toxic nature of monoethylene glycol are expected to boost the market.

Key Deliverables in the Study
• Market analysis for the global market for monoethylene glycol, with region specific assessments and competition analysis on global scales
• Market definition, along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
• Extensively researched competitive landscape section, with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the global market
• A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
• Insights on the major countries/regions, where this industry is growing and identify the regions that are still untapped

Table of Content
1. Introduction
1.1 Scope of the Report
1.2 Research Methodology

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.3.2 Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.7.1.1 Top 10 Plants and locations (Installed Capacities)
3.8 Upcoming Projects & Capital Expenditure
3.9 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand for PET in Packaging Industry
4.1.2 Growth of Global Textile Industries
4.2 Restraints
4.2.1 Environmental Concerns Related to the Chemical Compound
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Increasing Emphasis on the R&D of Bio-based Chemical Compounds
4.3.2 Emerging Application in Solar Panels

5. Market Segmentation and Analysis
5.1 By Grade
5.1.1 Polyester Grade
5.1.2 Industrial Grade
5.1.3 Low Conductivity Grade
5.1.4 Anti Freeze Grade
5.1.5 Others
5.2 By Application
5.2.1 Polyester Resin
5.2.2 Polyester Fibers
5.2.3 Antifreeze and Coolants
5.2.4 Chemical Intermediates
5.2.5 Heat Transfer Fluids
5.2.6 Others

6. Regional Market Analysis – (Market size, Growth and forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Russia
6.3.7 Spain
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
9.1 Royal Dutch Shell plc
9.2 Reliance Industries Limited
9.3 Saudi Basic Industries Corporation (SABIC)
9.4 BASF SE
9.5 Mitsubishi Chemical Corporation (MCC)
9.6 Nan Ya Plastics Corporation
9.7 Lotte Chemical Corporation
9.8 The Dow Chemical Company
9.9 Sinopec Zhenhai Refining & Chemical Company (ZRCC)
9.10 LyondellBasell Industries N.V.
9.11 List Not Exhaustive

10. Disclaimer

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