Mono-Ethylene Glycol Market 2019 | Global Industry Share, Segments & Key Drivers, 2023

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Mono Ethylene Glycol Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Mono Ethylene Glycol Market Research Report-
Forecast to 2023
Mono Ethylene Glycol Market - Overview
The Global Mono-Ethylene Glycol Market is
presumed to post a steady CAGR during the
forecast period (2017-2023) owing to rapid
urbanization, asserts Market Research Future
(MRFR). Mono-Ethyl Glycol (MEG) is referred to as
an odorless and colorless syrup liquid which
possesses a sweet taste. It is produced from
ethylene via ethylene oxide and is further
hydrated through thermal or catalytic process.
Mono-Ethylene Glycol is an important raw material
used to manufacture resins, heat transfer fluids,
deicing fluids, water-based adhesives, automotive
antifreeze and coolants, electrolytic capacitors,
latex paints and asphalt emulsions, leather,
textile fibers, and paper. Drivers and
Constraints Impacting the Market With the
increasing demand for Mono-Ethylene Glycol in the
production of polyethylene terephthalate and
polyester fiber, the market is considered to
flourish across the globe. Polyethylene
terephthalate is extensively used in packaging
items such as bottles and tetra packs owing to
its bio-degradability which is considered to fuel
the market growth. Also, with the growth in
industrial sectors such as agriculture,
manufacturing, mining, and others, the Global
Mono-Ethylene Glycol Market is estimated to
foster the market growth during the assessment
period. Additionally, rapid industrialization and
urbanization coupled with rising population are
expected to contribute to the market growth.
Moreover, growing demand for polyester fiber from
the textile industry has triggered the production
of mono-ethylene glycol. Mono-Ethylene Glycol
also possesses superior properties such as low
freezing point, high viscosity, and high boiling
point, and is thus employed in the deicing
materials and manufacture coolants. This is
further estimated to offer impetus to the global
market during the review period. On the flip
side, health hazards associated with Mono-Ethyl
Glycol are estimated to retard the market growth
to a large extent. Ethylene-glycol breaks down in
the body to form chemicals that crystallize in
the kidney, thus affecting the kidney function.
It also forms acidic chemicals in the body which
alters the bodys acid/base balance, thereby
affecting the nervous system, heart, and lungs.
Moreover, the volatility in raw material prices
is considered to impede the market growth in the
coming years.
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Mono Ethylene Glycol Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Mono-Ethylene Glycol Market has been
segmented on the basis of application, End-Use
Industries and Region. By Mode of Application,
the Global Mono-Ethylene Glycol Market has been
segmented into polyethylene terephthalate,
polyester fiber, solvent, antifreeze coolants,
chemical intermediate, and others. Among these,
the polyester fiber application accounts for the
major market share owing to the increasing demand
from the textile industry. Polyethylene
terephthalate (PET) bottles account for the
second largest share and are estimated to expand
at the fastest rate owing to the rising demand
for packaging from the FB industry. By Mode of
End-Use Industries, the Global Mono-Ethylene
Glycol Market has been segmented into automotive,
packaging, chemicals, textiles, leather, paper,
and others. View Complete TOC with Tables and
Figures _at_ https//www.marketresearchfuture.com/rep
orts/mono-ethylene-glycol-market-2709
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Mono Ethylene Glycol Market Research Report-
Forecast to 2023
Regional Outlook
The Asia Pacific region leads the Global
Mono-ethylene Glycol Market with the largest
market share. The market is growing with the
increasing demand for polyester fiber, consumer
goods manufacturing and the expanding production
capacities in the region. Besides, the increasing
industrial sector in China and India fosters the
market growth in the region. The region is
expected to retain its dominance during the
forecast period. On the other hand, Monoethylene
Glycol Market in North America and Europe region
are expected to experience a sluggish growth due
to the stringent regulations imposed on the
manufacturing of the product by various
associations such as Toxic Substances Control
Act, European Protection Agency, and European
Union.
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Mono Ethylene Glycol Market Research Report-
Forecast to 2023
Major Players in this Research

• Mono Ethylene Glycol Market Prominent Players
• SABIC (Saudi Arabia)
• The Dow Chemical Company (U.S.)
• Akzo Nobel N. V. (Netherlands)
• Mitsubishi Chemical Corporation (Japan)
• Royal Dutch Shell plc (Netherlands)
• LOTTE Chemical CORPORATION (South Korea)
• China Petroleum Chemical Corporation (China)
• Exxon Mobil Corporation (U.S.)
• BASF SE (Germany)
• MEGlobal (UAE)
• Formosa Plastics Corporation (Taiwan)

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