Mono Ethylene Glycol Market 2019 - Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 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 Monoethylene Glycol (MEG) Market is
growing rapidly mainly due to the prominence of
MEG the as a raw material in the manufacturing of
resins, heat transfer fluids, de-icing fluids,
automotive antifreeze and coolants, latex paints
and asphalt emulsions, water-based adhesives,
electrolytic capacitors, paper, leather, and
textile fibers. Besides, the augmenting demand
for MEG in the production of polyester fiber and
PET acts as a tailwind substantiating the market
growth to an extent. Recognizing the traction the
market is witnessing currently Market Research
Future (MRFR) has in its recently published study
report asserts that the Global Mono Ethylene
Glycol Market will garner fabulous accruals by
2023, posting a steady CAGR during the assessment
period (2017 2023). Additional factors supporting
the market growth include increasing population
along with the increasing urbanization
industrialization worldwide. Improving economy
across the globe augments the demand for the
product from the industries such as packaging,
automotive, and textiles, enhancing consumers
purchasing power. On the other hand, the
volatility in raw material cost and health
hazards related to the product use are expected
to present challenges to the market growth.
Nevertheless, the emergence of production of
bio-based MEG from sugar is expected to provide
substantial opportunities to the market growth
over the review period.
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Mono Ethylene Glycol Market Research Report-
Forecast to 2023
Segmental Analysis
The MRFR analysis is segmented into three key
dynamics- By Applications Polyester Fiber,
Polyethylene Terephthalate (PET), Antifreeze
Coolants, Solvent, and Chemical Intermediate
among others. By End-Use Industries Packaging,
Automotive, Textiles, Paper, Leather, and
Chemicals, among others. By Regions North
America, Europe, APAC and the Rest-of-the-World.
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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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