Monoethylene Glycol (MEG) Market Overview

Maximize Market Research, a premier business consultancy firm, has released an extensive analysis of the “Monoethylene Glycol (MEG) Market “. This comprehensive report provides key business insights, demand trends, pricing analysis, and an overview of the competitive landscape, projecting market developments.

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Monoethylene Glycol (MEG) Market Report Scope and Research Methodology

The Monoethylene Glycol (MEG) Market report offers a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Monoethylene Glycol (MEG) markets. The report contains a comprehensive analysis of the global Monoethylene Glycol (MEG) System market's trends, forecasts, and monetary values. Primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Monoethylene Glycol (MEG) market are included in the report.  The bottom-up approach was used in the report for Monoethylene Glycol (MEG) market estimation.The report includes aspects of the industry with key players such as market leaders, market followers and new entrants.

The report provides a thorough analysis of the demand projections, market trends, and micro and macro factors Monoethylene Glycol (MEG) market. The report covers the factors that are driving and restricting the market’s growth. The report uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Market to deliver market insights. The report involves an analysis of current market trends as well as forecasts for the years.

Monoethylene Glycol (MEG) Market Regional Insights

The expanding textile and automotive industries, especially in China, India, and Japan, propelled the Asia-Pacific region to dominate the global monoethylene glycol (MEG) market in 2023. China is a significant producer and user of MEG and its derivative, PET, thanks to its low production costs and easy access to raw materials. The demand for MEG is driven by the nation's well-known PET resin producers, such as Jiangsu Synganglion and PetroChina Group, which have capacities of over 2 million tonnes. The demand for MEG is further driven by China's booming textile sector and its position as the world's top supplier of apparel.

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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

Based on Applications, Polyester fibre production dominated the Monoethylene Glycol (MEG) Market in 2023, driven by the robust demand for textiles and apparel globally. PET bottle manufacturing follows closely, buoyed by the growing preference for lightweight, durable packaging solutions in the beverage and food industries. PET film production also maintains a significant share, supported by its usage in packaging, electrical, and industrial applications.

by End Use Industry

Textile
Packaging
Plastic
Automotive and Transportation
Other End-user Industries

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

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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) Market?
• Which are the factors expected to drive the Monoethylene Glycol (MEG) market growth?
• What are the different segments of the Monoethylene Glycol (MEG) Market?
• 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) Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Monoethylene Glycol (MEG) Market?
• Who are the leading companies and what are their portfolios in Monoethylene Glycol (MEG) Market?

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