openPR Logo
Press release

Monoethylene Glycol Market show exponential growth by 2023

11-21-2017 07:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Monoethylene Glycol Market show exponential growth by 2023

The global monoethylene glycol market was dominated by SABIC, The Dow Chemical Company, and Royal Dutch Shell Plc. – three companies that collectively held 29.3% of the market in 2014.

View Report Preview:
https://www.transparencymarketresearch.com/monoethylene-glycol-market.html

Despite the globally strong presence of these key players, a majority of the global production of monoethylene glycol is done by regional and local companies. This creates a highly fragmented and highly competitive market where capacity expansion is the core standard for gaining market share.

According to a new publication released by Transparency Market Research, the competitive edge in the global market for monoethylene glycol is expected to remain very sharp over the coming years, due to the sheer number of regional players that globally prominent producers have to compete with.

The threat of new entrants is expected to remain low till 2023, owing to the high level of regulatory control, the currently intense competition in the market, and the high capital required to create a sustainable business.

In terms of revenue, the global market for monoethylene glycol is expected to expand at a CAGR of 6.1% within a forecast period from 2015 to 2023. The revenue is expected to reach US$26.93 bn by the end of 2016 and US$40.84 bn by the end of 2023.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2251

The volume of monoethylene glycol produced in the world is expected to progress at a CAGR of 5.5% from 2015 to 2023.

APAC Demand for Monoethylene Glycol Soars

By 2023, 69% of the global production of monoethylene glycol is expected to be taken up by Asia Pacific. This region is a key consumer of monoethylene glycol mainly for the manufacture of polyester and PET.

Of the two key applications of monoethylene glycol given above, the manufacture of polyester fiber is expected to take up 55.1% of the total monoethylene glycol volume produced in 2023. Polyester is a highly common synthetic fiber used mainly due to its near imperviousness to weather conditions. The other key application of monoethylene glycol lies in the manufacture of PET, which is also witnessing a rise in use across emerging economies.

High Polyester and PET Demand in Emerging Economies Spurs Monoethylene Glycol Production

“The two key applications of monoethylene glycol – polyesters and polyethylene terephthalate – are finding an enormous demand in emerging economies, especially from the Asia Pacific region,” states a TMR analyst. “These nations are showing a robust economic growth rate and it is reflecting on the higher disposable incomes of individuals. This has greatly improved the consumer goods sales in the region and directly impacting the growth of the packaging and textile industries, and in this case, the consumption of polyesters and PET.”

Request Brochure of the Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2251

In contrast, the scope of growth of monoethylene glycol players is steadily reducing, owing to a saturated market, the oversupply of cheap imported MEG from emerging economies, and growing environmental concerns over use of plastics.

Feedstock Price Volatility Hampers Demand for Monoethylene Glycol

The raw materials required to produce monoethylene glycol come from crude oil, which is also used to derive other raw materials and fuel. The split demand for crude oil combined with its depleting reserves are creating a highly volatile costing for it, making it very difficult for producers of monoethylene glycol and other derivatives to procure sufficient amounts to sustain profitability.

“Producers of monoethylene glycol can now look towards opportunities in the production of bio-based monoethylene glycol, which uses ethanol derived from sugarcane rather than the conventional crude oil based chemicals. This not only helps reduce the unpredictability of raw material costs, but also helps significantly reduce the carbon emissions of a company,” states the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Monoethylene Glycol (MEG) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Request to Buy Research Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=2251<ype=S

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Monoethylene Glycol Market show exponential growth by 2023 here

News-ID: 825217 • Views: 123

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for Monoethylene

Monoethylene Glycol Market Growth Prospects 2022 and Projected to Reach US$ 30.4 …
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global monoethylene glycol (MEG)market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample Copy of “Monoethylene Glycol (MEG) Market” at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1600746 . The
Global Monoethylene Glycol Market with Forecasts to 2023
The increasing use of monoethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is propelling the growth of the global monoethylene glycol market. However, volatility in crude oil prices and regulation for environmental protection are expected to restrain the growth of the global monoethylene glycol market. Request sample report here : https://www.psmarketresearch.com... Monoethylene glycol is commonly known as ethylene glycol that is a colorless, sweet tasting, and odorless organic compound. Monoethylene glycol is manufactured
Monoethylene Glycol Market Trends, Size, Share and Growth Analysis 2023
The global market for monoethylene glycol is expected to expand at a CAGR of 6.1% within a forecast period from 2015 to 2023. The revenue is expected to reach US$26.93 bn by the end of 2016 and US$40.84 bn by the end of 2023. View Full Report: https://www.transparencymarketresearch.com/monoethylene-glycol-market.html The volume of monoethylene glycol produced in the world is expected to progress at a CAGR of 5.5% from 2015 to 2023. Asia Pacific has
Monoethylene Glycol Market SWOT Analysis Of Top Key Player Forecasts To 2023
Global Monoethylene Glycol (MEG) Market: Snapshot Over the recent past, the demand for polyester has spiked owing to a growing demand for apparel in the developing economies of Asia Pacific and Latin America. This domestic demand for polyester fiber is a result of the fast improving economies in the regions and the increasing disposable income among its middle class citizens. This is a direct driver for the growth in production of
Monoethylene Glycol (MEG) Market 2017 - Shell, Huntsman, EQUATE, Lotte Chemical, …
MarketReports.biz, recently published a detailed market research study focused on the "Monoethylene Glycol (MEG) Market" across the global, regional and country level. The report provides 360° analysis of "Monoethylene Glycol (MEG) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Monoethylene Glycol (MEG) industry, and estimates the future trend of Monoethylene
Monoethylene Glycol (MEG) Market Forecast Research Report 2014-2021
The Monoethylene Glycol (MEG) Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period 2014-2021. Monoethylene glycol is a chemical compound prepared by intermediate oxidation of ethylene. It is a colorless and odorless chemical compound with wide range of industrial applications. Monoethylene glycol is necessarily used in preparation of polyester apparels, fabrics, resins and fibers. It is a