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Monoethylene Glycol (MEG) Market

Monoethylene Glycol (MEG) Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029

Monoethylene Glycol (MEG) Market Segmented By grade such as High Purity Monoethylene Glycol (MEG), Anti – Freeze Monoethylene Glycol (MEG), Industrial Grade Monoethylene Glycol (MEG) with application such as Polyester Fiber, Anti – Freeze, Upholstery, PET Films, Others (Engine Coolants, printing ink, etc.)

Introduction

Monoethylene Glycol (MEG) is an odorless and colorless liquid is produced from ethylene in the process manufacturing ethylene oxide. With the production yield of monoethylene glycol (MEG) being well over 80% from the ethylene oxide process, it is widely produced for commercial processes. Along with monoethylene glycol (MEG), the process also produces diethylene, triethylene and tetraethylene glycol as by – products.

Being commercially considered to be the most important glycol available in the market, monoethylene glycol (MEG) is largely consumed in the polyesters fibers and films. Its durability and hydrophobic features make it one of the highly appealed product for manufacturing PET films & polyester fibers.

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Monoethylene Glycol (MEG) Market: Dynamics

The consumption of monoethylene glycol (MEG) is noted to remain highly dependent on the country’s economy. While the cyclic economy is observed in the countries in Asia, for applications such as polyester fibers and PET, the demand for monoethylene glycol (MEG) is anticipated to remain prominent in Asia.

Moreover, the upsurge witnessed in the packaging industry is in turn driving the monoethylene glycol (MEG) market over the historic period. This fuelled with the urbanizations, shifting consumer lifestyle, rising disposable income, among others also have a significant impact on the monoethylene glycol (MEG) market.

One of the noteworthy barrier in the growth of monoethylene glycol (MEG) market is the fluctuations in the raw material prices and the availability of crude oil and other feedstock. The sustainability concerns over monoethylene glycol (MEG) are compelling some of the end users to shift towards alternative products offering enhanced material performance that monoethylene glycol (MEG).

However, the rising acceptance of the bio – based monoethylene glycol (MEG) is anticipated to create opportunity the in monoethylene glycol (MEG) market over the forecast period.

The research & development activities to play a significant role in the market development over the forecast period with numerous market participants already engaged in the developing environment – friendly products.

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Monoethylene Glycol (MEG) Market: Segmentation

On the basis of grade
  • High Purity Monoethylene Glycol (MEG)
  • Anti – Freeze Monoethylene Glycol (MEG)
  • Industrial Grade Monoethylene Glycol (MEG)
On the basis of production process
  • Bio – Based Monoethylene Glycol (MEG)
  • Gas Based Monoethylene Glycol (MEG)
  • Naphtha Based Monoethylene Glycol (MEG)
  • Coal Based Monoethylene Glycol (MEG)
  • Methanol – To – Olefins Monoethylene Glycol (MEG)
On the basis of application
  • Polyester Fiber
  • Anti – Freeze
  • Upholstery
  • PET Films
  • Others (Engine Coolants, printing ink, etc.)
On the basis of end use
  • Textiles & Leather
  • Packaging
  • Adhesives & Sealants
  • Paints & Coatings
  • Chemical
  • Others
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Monoethylene Glycol (MEG) Market: Regional Outlook

From a regional perspective, East Asia is noted to account for a lion’s share in the global monoethylene glycol (MEG) market. While accounting for a behemoth proportion in the regional monoethylene glycol (MEG) market, China is a fast growing market for PET films and polyester fibers.

South Asia with its developing economies, is one of the prominent money spinning regions for monoethylene glycol (MEG) manufacturers around the world. Being a downstream petrochemical product, monoethylene glycol (MEG) producers are largely based in the Middle East & Africa with Saudi Arabia topping the list in terms of net exports per year.

Some of the market participants in the global monoethylene glycol (MEG) market identified across the value chain include Royal Dutch Shell plc, SABIC, Reliance Industries Ltd, Indian Oil Corporation Ltd, LyondellBasell Industries Holdings B.V., Nouryon B.V., BASF SE, Johnson Matthey, Clariant AG, Huntsman Corporation, LG Chem Ltd., Mitsubishi Corporation, Mitsui Chemicals, Inc., Sasol Limited, Shanghai Petrochemical, among others.

The Monoethylene Glycol (MEG) research report presents a comprehensive assessment of the Monoethylene Glycol (MEG) market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The Monoethylene Glycol (MEG) research report provides analysis and information according to market segments such as geographies, scaffold type, position, number of points and number of tiers.

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The Monoethylene Glycol (MEG) report covers exhaustive analysis on:

  • Monoethylene Glycol (MEG) Market Segments
  • Monoethylene Glycol (MEG) Market Dynamics
  • Monoethylene Glycol (MEG) Market Size
  • Monoethylene Glycol (MEG) Market Supply & Demand Scenario
  • Monoethylene Glycol (MEG) Market Current Trends/Issues/Challenges
  • Monoethylene Glycol (MEG) Market Competition & Companies Involved
  • Monoethylene Glycol (MEG) Market Value Chain

Regional Analysis for Monoethylene Glycol (MEG) Market includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
  • East Asia (Japan, China, South Korea)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Monoethylene Glycol (MEG) report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The Monoethylene Glycol (MEG) report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Monoethylene Glycol (MEG) report also maps the qualitative impact of various market factors on market segments and geographies.

Monoethylene Glycol (MEG) Report Highlights: 

  • Detailed overview of parent market
  • Changing Monoethylene Glycol (MEG) market dynamics in the industry
  • In-depth Monoethylene Glycol (MEG) market segmentation
  • Historical, current and projected Monoethylene Glycol (MEG) market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for Monoethylene Glycol (MEG) market players to sustain and enhance their market footprint

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