Monoethylene Glycol Market By Size, Share, Trends, Growth, Forecast 2028

Report Description

Global Monoethylene Glycol Market is projected to have massive growth at an impressive CAGR during the forecast period due to increase in manufacturing of PET packaging solutions. China produces roughly seven million metric tons of plastic products every month.

Monoethylene glycol (MEG) is an essential feedstock used in the production of polyester fibers, polyethylene terephthalate (PET) resins, and engine coolants. China has universally aced in the manufacturing and consumption of Monoethylene Glycol among other countries. Other countries in Asia Pacific such as Singapore is gradually attracting foreign investment opportunities to build manufacturing units with optimum production capacity. Cash flow rich companies in the monoethylene glycol market are escalating R&D for the proprietary advanced process technology for of MEG which is garnering the growth of Global Monoethylene Glycol market during the forecast period.

Development of Textile Industry as well as Growing Dominance of Polyester Fiber

Detailed analysis across APAC Region for growing industrial and private consumption of Monoethylene Glycol reports Textile and Apparel Industry as a significant cornerstone. Developing countries across APAC region have captured huge revenue share for both Domestic and Export Market owing to the huge Textile Manufacturing setup in the countries. According to the European Commission, “The Textile Industry has undergone a disruptive change recently to ensure that its competitiveness stays at the top by shifting towards high quality value-added products. Textile and clothing have seen a strong export performance. Exports increased by 58% between 2010-2019, whilst imports increased by 43%”. The demand for automobiles has been propelled by factors such as improving socioeconomic situations, developing economies, improved infrastructure, and an increasing number of vehicles, among others. This has enabled the Global Monoethylene Glycol Market to grow rapidly during the forecast period.

Rising Demand for MEG in manufacturing of PET Packaging applications

Companies supplying high purity and anti-freeze Monoethylene Glycol have reported increased sales in 2022 in comparison to previous years which is mainly attributed to rising utilization of Monoethylene glycol across range of industries such as Textile, Packaging, Plastic, and Automotive. According to India Brand Equity Foundation (IBEF), “The paper and packaging sector in India is growing rapidly and has significant potential for future expansion. The industry was valued at $50.5 billion in 2019 and is anticipated to reach $204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025” Growing demand for Customized PET packaging solutions is also driving innovations in the product development of Mono Ethylene Glycol and its other industrial grades. Monoethylene Glycol is gradually becoming a significant market for various other end-user industrial markets which has led to increased domestic and export market for the companies operating in Global Monoethylene Glycol Market.

Recent Trends and Developments:

In January 2022, ExxonMobil and SABIC jointly started operating world-scale manufacturing facility in San Patricio County, Texas. The new manufacturing facility will be producing packaging, agricultural films, and construction materials by incorporating 1.8 million metric ton per year ethane steam cracker, two polyethylene units with production capacity of 1.3 million tons per year and a Monoethylene glycol unit with an installed capacity of 1.1 million metric tons annually.
To meet growing requirement for Polyester fiber and Polyethylene Terephthalate (PET) used across various end-user industries like Textile and Packaging Industry, SABIC has funded for newly start-up activities to reach a production capacity of 700,000 metric tons of Monoethylene Glycol at its manufacturing affiliate, Jubail United Petrochemical Company.

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Market Segmentation

Global Monoethylene Glycol Market is segmented based on Grade, Production Process, End-User Industry and Regional distribution. Based on Grade, the market is further segmented into High Purity Monoethylene Glycol (MEG), Anti – Freeze Monoethylene Glycol (MEG). Based on Production Process, the market is divided into Bio-Based MEG, Gas-Based MEG, Naphtha-Based MEG, Coal-Based MEG, and Others. Based on the End-User Industry, the market is segmented into Textile & Leather, Packaging, Adhesives & Sealants, Paints & Coatings, and Others. The market analysis also studies the regional segmentation divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.

Market Players

Saudi Basic Industries Corporation, BASF SE, Reliance Industries Limited, The Dow Chemicals Company, Shell plc, Akzo Nobel N.V., Oriental Union Chemical Corporation, Nan Ya Plastics Corporation, MEGlobal International FZE, and EQUATE Petrochemical Company are some of the major market players in Global Monoethylene Glycol Market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2022
Forecast Period	2023 – 2028
Quantitative Units	Revenue in USD Million, Volume in million tons, and CAGR for 2018-2022 and 2023-2028
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Grade · Production Process · End-User Industry
Regional Scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country Scope	United States, Mexico, Canada, United Kingdom, Germany, France, Italy, Spain, Netherlands, China, South Korea, India, Japan, Taipei, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, UAE, Kuwait, Turkey
Key Companies Profiled	Saudi Basic Industries Corporation, BASF SE, Reliance Industries Limited, The Dow Chemicals Company, Shell plc, Akzo Nobel N.V., Oriental Union Chemical Corporation, Nan Ya Plastics Corporation, MEGlobal International FZE, and EQUATE Petrochemical Company.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Monoethylene Glycol Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Monoethylene Glycol, By Grade:

o High Purity Monoethylene Glycol (MEG)

o Anti-Freeze Monoethylene Glycol (MEG)

· Monoethylene Glycol, By Application:

Dentistry
Cosmetics
Paints & Coatings
Cleaning

· Monoethylene Glycol, By Application:

Dentistry
Cosmetics
Paints & Coatings
Cleaning

· Monoethylene Glycol, By Region:

North America

United States
Mexico
Canada

Europe

United Kingdom
Germany
France
Italy
Spain
Netherlands

Asia-Pacific

China
South Korea
India
Japan
Australia

South America

Brazil
Colombia
Argentina

Middle East and Africa

South Africa
Saudi Arabia
UAE
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Monoethylene Glycol Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Monoethylene Glycol Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Grade (High Purity Monoethylene Glycol (MEG), Anti – Freeze Monoethylene Glycol (MEG))

5.2.2. By Production Process (Bio-Based MEG, Gas-Based MEG, Naphtha-Based MEG, Coal-Based MEG, and Others)

5.2.3. By End-User Industry (Textile & Leather, Packaging, Adhesives & Sealants, Paints & Coatings, and Others)

5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Grade

5.3.2. By Production Process

5.3.3. By End-User Industry

5.3.4. By Region

6. North America Monoethylene Glycol Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Grade

6.2.2. By Production Process

6.2.3. By End-User Industry

6.2.4. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Monoethylene Glycol Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Grade

6.4.1.2.2. By Production Process

6.4.1.2.3. By End-User Industry

6.4.2. Mexico Monoethylene Glycol Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Grade

6.4.2.2.2. By Production Process

6.4.2.2.3. By End-User Industry

6.4.3. Canada Monoethylene Glycol Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Grade

6.4.3.2.2. By Production Process

6.4.3.2.3. By End-User Industry

7. Europe Monoethylene Glycol Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Grade

7.2.2. By Production Process

7.2.3. By End-User Industry

7.2.4. By Country

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. United Kingdom Monoethylene Glycol Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Grade

7.4.1.2.2. By Production Process

7.4.1.2.3. By End-User Industry

7.4.2. Germany Monoethylene Glycol Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Grade

7.4.2.2.2. By Production Process

7.4.2.2.3. By End-User Industry

7.4.3. France Monoethylene Glycol Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Grade

7.4.3.2.2. By Production Process

7.4.3.2.3. By End-User Industry

7.4.4. Italy Monoethylene Glycol Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Grade

7.4.4.2.2. By Production Process

7.4.4.2.3. By End-User Industry

7.4.5. Spain Monoethylene Glycol Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Grade

7.4.5.2.2. By Production Process

7.4.5.2.3. By End-User Industry

7.4.6. Netherlands Monoethylene Glycol Market Outlook

7.4.6.1. Market Size & Forecast

7.4.6.1.1. By Value & Volume

7.4.6.2. Market Share & Forecast

7.4.6.2.1. By Grade

7.4.6.2.2. By Production Process

7.4.6.2.3. By End-User Industry

8. Asia-Pacific Monoethylene Glycol Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Grade

8.2.2. By Production Process

8.2.3. By End-User Industry

8.2.4. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Monoethylene Glycol Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Grade

8.4.1.2.2. By Production Process

8.4.1.2.3. By End-User Industry

8.4.2. South Korea Monoethylene Glycol Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Grade

8.4.2.2.2. By Production Process

8.4.2.2.3. By End-User Industry

8.4.3. India Monoethylene Glycol Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Grade

8.4.3.2.2. By Production Process

8.4.3.2.3. By End-User Industry

8.4.4. Japan Monoethylene Glycol Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Grade

8.4.4.2.2. By Production Process

8.4.4.2.3. By End-User Industry

8.4.5. Taipei Monoethylene Glycol Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Grade

8.4.5.2.2. By Production Process

8.4.5.2.3. By End-User Industry

9. South America Monoethylene Glycol Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Grade

9.2.2. By Production Process

9.2.3. By End-User Industry

9.2.4. By Country

9.3. Pricing Analysis

9.4. South America: Country Analysis

9.4.1. Brazil Monoethylene Glycol Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Grade

9.4.1.2.2. By Production Process

9.4.1.2.3. By End-User Industry

9.4.2. Colombia Monoethylene Glycol Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Grade

9.4.2.2.2. By Production Process

9.4.2.2.3. By End-User Industry

9.4.3. Argentina Monoethylene Glycol Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Grade

9.4.3.2.2. By Production Process

9.4.3.2.3. By End-User Industry

10. Middle East and Africa Monoethylene Glycol Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Grade

10.2.2. By Production Process

10.2.3. By End-User Industry

10.2.4. By Country

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. South Africa Monoethylene Glycol Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Grade

10.4.1.2.2. By Production Process

10.4.1.2.3. By End-User Industry

10.4.2. Saudi Arabia Monoethylene Glycol Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Grade

10.4.2.2.2. By Production Process

10.4.2.2.3. By End-User Industry

10.4.3. UAE Monoethylene Glycol Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Grade

10.4.3.2.2. By Production Process

10.4.3.2.3. By End-User Industry

10.4.4. Kuwait Monoethylene Glycol Market Outlook

10.4.4.1. Market Size & Forecast

10.4.4.1.1. By Value & Volume

10.4.4.2. Market Share & Forecast

10.4.4.2.1. By Grade

10.4.4.2.2. By Production Process

10.4.4.2.3. By End-User Industry

10.4.5. Turkey Monoethylene Glycol Market Outlook

10.4.5.1. Market Size & Forecast

10.4.5.1.1. By Value & Volume

10.4.5.2. Market Share & Forecast

10.4.5.2.1. By Grade

10.4.5.2.2. By Production Process

10.4.5.2.3. By End-User Industry

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments

12.2. Product Launches

12.3. Mergers & Acquisitions

13. Global Monoethylene Glycol Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Product Offerings

15.3. Recent Developments

15.4. Financials (In Case of Listed Companies)

15.5. Key Personnel

15.6. SWOT Analysis

15.6.1. Saudi Basic Industries Corporation

15.6.2. BASF SE

15.6.3. Reliance Industries Limited

15.6.4. The Dow Chemicals Company

15.6.5. Shell plc

15.6.6. Akzo Nobel N.V.

15.6.7. Oriental Union Chemical Corporation

15.6.8. Nan Ya Plastics Corporation

15.6.9. MEGlobal International FZE

15.6.10. EQUATE Petrochemical Company

16. Strategic Recommendations

Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the major drivers of Global Monoethylene Glycol Market in the forecast period?

What are the major challenges that are encountered in Global Monoethylene Glycol Market?

What is the market segmentation for Global Monoethylene Glycol Market?

Who are the market players that are operating in Global Monoethylene Glycol Market?

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Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the major drivers of Global Monoethylene Glycol Market in the forecast period?

What are the major challenges that are encountered in Global Monoethylene Glycol Market?

What is the market segmentation for Global Monoethylene Glycol Market?

Who are the market players that are operating in Global Monoethylene Glycol Market?

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