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Monoethylene Glycol Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
Published Date
18-Aug-2015
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Press Release
REPORT DESCRIPTION
Monoethylene Glycol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015
- 2023
Transparency Market Research has published a new report titled Monoethylene Glycol Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023. According to the report, the
global monoethylene glycol (MEG) market stood at US$ 27.21 Bn at US$ 27.21 Bn in 2014 and is anticipated
to reach US$ 40.85 Bn in 2023, expanding at a CAGR of 6.1% between 2015 and 2023. In terms of volume,
the market was valued at 24,782.6 kilo tons in 2014.
Browse the full Monoethylene Glycol (MEG) Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023 report at : http://www.transparencymarketresearch.com/monoethyleneglycol-market.html
Growth in the packaging industry is estimated to drive the demand for monoethylene glycol. Polyethylene
terephthalate (PET) is the fastest growing application of the monoethylene glycol market. Increase in usage of
polyethylene terephthalate in the packaging industry is projected to boost the monoethylene glycol market.
Rise in production of polyester fiber in Asia Pacific is also likely to propel the demand for monoethylene glycol
in the near future. Monoethylene glycol is produced from ethylene, a downstream product of crude oil and
natural gas. Ethylene-intermediator ethylene oxide is hydrated to monoethylene glycol. Therefore, prices of
monoethylene glycol fluctuate significantly. This results in unpredictable supply, which hampers manufacturing
processes. Hence, fluctuation in prices of raw materials can be a major setback for the monoethylene glycol
market. Coal is also used in the production of monoethylene glycol, especially in Asia Pacific. Synthetic gas
(carbon monoxide and hydrogen) is oxidized in the presence of methanol to produce monoethylene.
Sustainability issues related to monoethylene glycol are anticipated to hamper the market, especially in
developed economies. However, increasing popularity of bio-based monoethylene glycol is estimated to offer
opportunities to the monoethylene glycol market.
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Demand for monoethylene glycol was the largest for polyester application. The demand for polyester fiber
application was more than 50% of the global MEG demand in 2014. However, polyethylene terephthalate
(PET) application is anticipated to witness the fastest growth rate during the forecast period owing to rising
usage of these products as packaging materials in the food and beverage industry. This is ascribed to their low
cost and high durability. Polyethylene terephthalate (PET) is also projected to be the most attractive application
segment of the monoethylene glycol market during the forecast period.
Other Market Research Report By :
The monoethylene glycol market is highly competitive, with the presence of large oil & mining and chemical
companies. High degree of forward integration from raw material manufacturers exists in the monoethylene
glycol market. Largest manufacturers of monoethylene glycol include Saudi Arabia Basic Industries
Corporation (SABIC), Royal Dutch Shell plc, Reliance Industries Limited, Nan Ya Plastics Corporation, and
BASF SE.
The monoethylene glycol market has been segmented into:
Monoethylene Glycol (MEG) Market - Application Analysis
Polyester Fiber
Antifreeze
North America
Europe
Asia Pacific
Latin America
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope & Assumptions
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global MEG Market, 2010-2025, (Kilo Tons) (US$ Mn)
2.2 MEG: Market Snapshot (2014 and 2023)
6.6.5 South Africa MEG Market Volume, by Application, 2010-2023 (Kilo Tons)
6.6.6 South Africa MEG Market Revenue, by Application, 2010-2023 (US$ Mn)
6.6.7 Rest of MEA MEG Market Volume, by Application, 2010-2023 (Kilo Tons)
6.6.8 Rest of MEA MEG Market Revenue, by Application, 2010-2023 (US$ Mn)
Chapter 7 MEG Market: Production Analysis, 2014
Chapter 8 Company Profiles
8.1 Royal Dutch Shell plc
8.1.1 Company Overview
8.1.2 Product Portfolio
8.1.3 Financial Overview
8.1.4 Business Strategy
8.1.5 Recent Development
8.2 Reliance Industries Limited
8.2.1 Company Overview
8.2.2 Product Portfolio
8.2.3 Financial Overview
8.2.4 Business Strategy
8.2.5 Recent Development
8.3 Saudi Basic Industries Corporation (SABIC)
8.3.1 Company Overview
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