Product Code: CMI4930
Global monoethylene glycol market is estimated to be valued at US$ 38.84 Billion by the end of 2030, and is expected to exhibit a CAGR of 4.7% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 26.98 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
4.70% |
2030 Value Projection: |
US$ 38.84 Bn |
Figure 1. Global Monoethylene Glycol Market Share (%) , By Region, in 2022
Monoethylene glycol is also known as 1, 2-ethanediol, and is soluble in a wide range of chemical compounds, alcohols, and water. Ethylene oxide hydrolysis produces monoethylene glycol primarily, with the emission of two co-products named diethylene glycol (DEG) and triethylene glycol (TEG). Natural gas, coal, naphtha, and bioethanol are the feedstocks used to make monoethylene glycol, hence According to the sources from which it is made, the market is classified into four categories. Natural gas, followed by naphtha and coal, accounts for the majority of monoethylene glycol production. Due to mounting environmental concerns, most businesses are now focusing on producing biobased monoethylene glycol rather than petrochemical.based monoethylene glycol. Monoethylene glycol is utilized in coolants and de-icing materials because of its chemical features thatinclude high viscosity, high boiling point, and low freezing point. PET and polyester resins are made primarily from monoethylene glycol. It is frequently utilized as a raw ingredient in the production of fabrics and polyester fibers. It is used as a coolant, anti-freeze, dewatering agent, chemical intermediate, humecant, and anti-corrosion agent. Monoethylene glycol is also used in the making of tobacco, food and beverages, pharmaceuticals, and cosmetics, others.
Market Dynamics
The expansion of the global monoethylene glycol market is driven by rising demand for PET packaging in various commercial and industrial end-use applications. Clothing, industrial fabrics, and non-woven fabrics are few of the industries where fibers are used. Some of the features of these fabrics such as resistance to moisture, stains, oil, and water have led to increased demand for fabrics. It' is abrasion-resistant and wrinkle-resistant. These characteristics increases use of fiber in textile sector, and the this ie expected to drive the monoethylene glycol market growth during the forecast period.
MEG is extremely toxic to people as its consumption have a negative influence on the kidneys, the heart, and the central nervous system, which is limiting the market growth.
Key features of the study:
- This report provides in-depth analysis of the global monoethylene glycol market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Global monoethylene glycol market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study Reliance Industries Limited, Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, Royal Dutch Shell PLC, Nouryon, Mitsubishi Chemical Corporation, and Eastman Chemical Company
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
- Global monoethylene glycol market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global monoethylene glycol market
Detailed Segmentation:
- By Production Process:
- Gas-based
- Naphtha-based
- Coal-based
- Methane-to-Olefins
- Bio-based
- By Application:
- Polyester Fiber
- Polyethylene Terephthalate (PET) Resins
- Polyethylene Terephthalate (PET) Film
- Antifreeze
- Others
- By End-use Industry:
- Textile
- Plastic & Packaging
- Automotive
- Others
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Reliance Industries Limited
- Saudi Basic Industries Corporation
- BASF SE
- India Glycols Limited
- LyondellBasell Industries Holdings B.V.
- Chemtex Speciality Limited
- Royal Dutch Shell PLC
- Nouryon
- Mitsubishi Chemical Corporation
- Eastman Chemical Company
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Production process
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Mergers and Acquisitions
- PEST Analysis
- New Product Approvals/Launches
- Cost Tier Down Analysis
4. Global Monoethylene Glycol Market, By Segmentation, 2018-2030, (US$ Billions and Tons)
- Introduction
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
5. Global Monoethylene Glycol Market, By Production Process, 2018-2030, (US$ Billions and Tons)
- Gas-based
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Naphtha-based
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Coal-based
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Methane-to-Olefins
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Bio-based
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
6. Global Monoethylene Glycol Market, By Application, 2018-2030, (US$ Billions and Tons)
- Polyester Fiber
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Polyethylene Terephthalate (PET) Resins
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Polyethylene Terephthalate (PET) Film
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Antifreeze
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Others
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
7. Global Monoethylene Glycol Market, By End-use Industry 2018-2030, (US$ Billions and Tons)
- Textile
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Plastic & Packaging
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Automotive
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
- Others
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023 - 2030 (%)
- Segment Trends
8. Global Monoethylene Glycol Market, By Region, 2018-2030, (US$ Billions and Tons)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030
- Y-o-Y Growth Analysis, For Region, 2023 - 2030 (%)
- North America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, For Country, 2023 - 2030 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, For Country, 2023 - 2030 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- France
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Spain
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Production Process, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By Application, 2023 - 2030, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2023 - 2030, (US$ Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, For Country, 2023 - 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, For Country, 2023 - 2030 (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, For Country, 2023 - 2030 (%)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Sub-region, 2023 and 2030
- Y-o-Y Growth Analysis, For Sub-region, 2023 - 2030 (%)
- North Africa
- Central Africa
- South Africa
- Rest of Africa
9. Competitive Landscape
- Company Profiles
- Reliance Industries Limited
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Saudi Basic Industries Corporation
- BASF SE
- India Glycols Limited
- LyondellBasell Industries Holdings B.V.
- Chemtex Speciality Limited
- Royal Dutch Shell PLC
- Nouryon
- Mitsubishi Chemical Corporation
- Eastman Chemical Company
10. Section
- References
- Research Methodology
- About us and Sales Contact