首页 > 市场调查报告书 > 材料

市场调查报告书

商品编码

1620203

全球单乙二醇市场：按技术、按应用、按最终用户、按地区、范围和预测

Global Monoethylene Glycol Market By Technology, By Application (Polyester Fiber, Polyethylene Terephthalate, Antifreeze, Chemical Intermediate), By End User, By Geographic Scope and Forecast

出版日期: 2024年07月30日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3个工作天内

价格

简介目录

单乙二醇全球市场规模及预测

2024年单乙二醇的全球市场规模为279.7亿美元，预计到2031年将达到379.9亿美元，2024年至2031年的复合年增长率为3.90%。单乙二醇 (MEG) 是一种无色、无味、吸湿性液体，通常用作生产聚酯纤维、树脂和防冻剂组合物的原料。它也是生产聚对苯二甲酸乙二醇酯 (PET) 的重要成分，PET 用于塑胶瓶、包装和纺织产品。 MEG 广泛应用于多种行业，包括纺织、汽车冷却剂、除冰液和工业溶剂。也是生产聚酯薄膜和防冻剂的重要元素。

由于聚酯和汽车产业的需求增加，以及随着产业寻求永续选择，生物基 MEG 的使用增加，MEG 的未来前景预计将扩大。此外，包装和纺织业的不断扩大的应用预计将有助于未来几年的市场扩张。

世界单乙二醇市场动态

塑造全球单乙二醇市场的主要市场动态

主要市场驱动因子

聚酯纤维生产的需求不断增加：

纺织业中聚酯纤维的使用不断增加是 MEG 市场的关键推动因素。根据国际贸易中心（ITC）预测，2022年全球聚酯纤维产量将达5,770万吨，较上年增加3.5%。纤耳咨询集团预测，由于发展中国家纺织业的成长，2023年至2028年聚酯纤维的需求将以3.8%的复合年增长率成长。

PET 瓶生产消耗量增加：

饮料业中 PET 瓶的使用不断增加，推动了 MEG 需求。根据欧睿国际预测，2022年全球PET瓶消费量预计将达到5,830亿隻，2023年至2027年复合年增长率为3.2%。艾伦麦克阿瑟基金会的新塑胶经济倡议报告称，到 2023 年，PET 将占全球塑胶瓶产量的 55%，凸显了 MEG 在该行业的重要性。

汽车防冻液市场的扩大

MEG是汽车防冻剂和冷却液的重要成分，由于汽车工业的扩张，其需求量很大。根据国际汽车製造商协会（OICA）预测，2022年全球汽车产量将达8,540万辆，较2021年成长5.7%。根据Verified的市场研究报告，预计2023年至2031年防冻剂市场将以5.70%的复合年增长率成长，其中基于MEG的产品占市场占有率超过60%。

增加工业应用中的使用：

MEG 在天然气脱水和传热流体等各种工业製程的使用正在推动市场扩张。根据美国能源资讯署（EIA）预测，2022年美国天然气产量将比2021年增加3.5%，达到9,340亿立方米，创下新纪录。天然气供应的增加可能会增加天然气脱水作业对乙二醇的需求。此外，Verified Market Research预计，2024年至2031年间，普遍采用MEG的全球传热流体市场将以3.12%的复合年增长率增长，到2031年将达到5.9551亿美元。。

主要问题

原物料价格波动：

MEG是由石化产品乙烯製成的，因此其生产高度依赖原油价格。原油价格波动直接影响MEG生产成本与市场稳定。

环境问题：

碳排放和污染是 MEG 生产中的问题，特别是在传统石化製程。对环保替代品日益增长的监管要求正在推动更绿色的工业实践。

主要市场产能过剩：

全球市场，尤其是亚太国家，MEG 供过于求，导致生产者利润率下降。这种产能过剩可能会导致价格压力和市场不稳定。

与生物基替代品的竞争：

随着永续发展成为优先事项，由可再生原料製成的生物基 MEG 越来越受欢迎。这一趋势对传统 MEG 製造商构成威胁，他们可能面临环保替代方案的竞争。

主要趋势：

转向生物基 MEG：

对环境问题和监管压力的日益关注，增加了对由甘蔗和生物质等可再生资源製成的生物基 MEG 的需求。公司正在投资永续生产技术，以减少碳足迹并满足消费者对绿色产品日益增长的需求。

纺织和包装产业的需求不断增加：

纺织和包装产业继续推动对 MEG 的需求，特别是在亚太地区等新兴国家。随着电子商务和快时尚的普及，MEG 在生产聚酯纤维和包装材料 PET（聚对苯二甲酸乙二醇酯）中的使用正在扩大。

製造技术进步：

MEG 生产中的技术创新（例如催化和生物催化方法）正在提高效率，同时减少对环境的影响。这些改进正在帮助製造商简化生产、降低成本并遵守更严格的环境法规。

聚酯应用的扩展：

聚酯在汽车、建筑和消费品等各行业的使用不断增加，推动了对 MEG 的需求。随着聚酯在工业和日常应用中变得越来越普遍，MEG 作为原材料的重要性在全球范围内日益增长。

Global Monoethylene Glycol Market size was valued at USD 27.97 Billion in 2024 and is projected to reach USD 37.99 Billion by 2031 , growing at a CAGR of 3.90% from 2024 to 2031. Monoethylene glycol (MEG) is a colorless, odorless, hygroscopic liquid that is largely utilized as a raw material in the manufacture of polyester fibers, resins, and antifreeze compositions. It is an essential ingredient in the production of polyethylene terephthalate (PET), which is used to make plastic bottles, packaging materials, and textiles. MEG is widely used in various industries, including textiles, automotive coolants, de-icing fluids, and industrial solvents. It is also an important element in the manufacture of polyester films and antifreeze agents.

MEG's future scope is predicted to expand due to rising demand from the polyester and automotive sectors, as well as increased use in bio-based MEG as industries seek sustainable options. Furthermore, expanding applications in the packaging and textile industries is projected to contribute to market expansion in the next years.

Global Monoethylene Glycol Market Dynamics

The key market dynamics that are shaping the global monoethylene glycol market include:

Key Market Drivers:

Growing Demand in Polyester Fiber Production:

The rising use of polyester fibers in the textile industry is a significant driver of the MEG market. According to the International Trade Centre (ITC), global polyester fiber production will reach 57.7 million tons in 2022, up 3.5% from the previous year. The Fiber Year Consulting Group predicts that polyester fiber demand would increase at a 3.8% CAGR from 2023 to 2028, owing to the rising textile industry in developing countries.

Rising Consumption in PET Bottle Manufacturing:

The increasing use of PET bottles in the beverage industry is driving MEG demand. According to Euromonitor International, global PET bottle consumption will reach 583 billion units in 2022, with a predicted 3.2% CAGR from 2023 to 2027. The Ellen MacArthur Foundation's New Plastics Economy initiative reported in 2023 that PET accounts for 55% of worldwide plastic bottle production, emphasizing the importance of MEG in this industry.

Expanding Automotive Antifreeze Market:

MEG, a crucial component in automotive antifreeze and coolants, is in high demand due to the expanding automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production will reach 85.4 million units in 2022, up 5.7% from 2021. According to Verified market research reports on the antifreeze market is expected to grow at a CAGR of 5.70% between 2023 and 2031, with MEG-based products accounting for more than 60% of the market.

Increasing Use in Industrial Applications:

MEG's use in a variety of industrial processes, including natural gas dehydration and heat transfer fluids, is driving market expansion. According to the Energy Information Administration (EIA), natural gas output in the United States will hit a new high of 934 billion cubic meters in 2022, up 3.5% from 2021. This increase in natural gas supply is likely to boost MEG demand for gas dehydration operations. Furthermore, Verified market research projects that the worldwide heat transfer fluids market, in which MEG is commonly employed, will reach $595.51 Million by 2031, rising at a 3.12% CAGR between 2024 and 2031.

Key Challenges:

Volatility in Raw Material Prices:

MEG is manufactured from ethylene, a petrochemical product, hence its production is heavily reliant on crude oil prices. Fluctuations in oil prices have a direct impact on MEG production costs and market stability.

Environmental Issues:

The manufacture of MEG, particularly by conventional petrochemical processes, raises issues about carbon emissions and pollution. Regulatory demands for eco-friendly alternatives are increasing, driving greener industrial practices.

Overcapacity in Key Markets:

The global market, particularly in countries such as Asia Pacific, has seen an excess of MEG, resulting in lower profit margins for producers. This excess capacity can lead to pricing pressure and market instability.

Competition from Bio-Based Alternatives:

As sustainability becomes a priority, bio-based MEG made from renewable materials is gaining popularity. This tendency poses a threat to traditional MEG makers, who may face competition from ecologically friendly alternatives.

Key Trends:

Shift to Bio-based MEG:

Growing environmental concerns and regulatory pressures are increasing demand for bio-based MEG, which is made from renewable resources such as sugarcane or biomass. Companies are investing in sustainable production technology to lower their carbon footprint and meet consumers' growing demand for greener products.

Growing Demand from Textile and Packaging Industries:

Demand for MEG continues to be driven by the textile and packaging industries, particularly in emerging countries such as Asia Pacific. Its application in the manufacturing of polyester fibers and PET (polyethylene terephthalate) for packaging materials is growing as e-commerce and rapid fashion become more popular.

Technological Advancements in Production:

Innovations in MEG manufacturing, including as catalytic and bio-catalytic methods, are increasing efficiency while decreasing environmental effect. These improvements help manufacturers streamline production and reduce costs and adhere to tighter environmental regulations.

Expansion of Polyester Applications:

The expanding use of polyester in a variety of industries, including automotive, construction, and consumer goods, is driving up MEG demand. As polyester grows more common in industrial and daily uses, MEG's importance as a raw material expands globally.

What's inside a VMR industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Monoethylene Glycol Market Regional Analysis

Here is a more detailed regional analysis of the global monoethylene glycol market:

Asia-Pacific:

Asia Pacific dominates the Monoethylene Glycol (MEG) market due to its large industrial base and rising demand in key areas. The region's strong position is reinforced by the high utilization of MEG in polyester fiber and PET manufacture. For example, in August 2024, Indorama Ventures announced an expansion of its polyester fiber manufacturing in India to meet rising demand from the region's thriving textile and packaging industries. This expansion demonstrates Asia Pacific's critical position in worldwide MEG use, as the area continues to be a major hub for textile and packaging manufacture.

Furthermore, in July 2024, Mitsubishi Chemical announced an investment in bio-based MEG production technology in Japan, showing the region's dedication to sustainable practices and technical innovation. These activities underline Asia Pacific's critical relevance in the global MEG industry, which is fueled by industrial growth and favorable government regulations.

North America:

North America is seeing the fastest growth in the Monoethylene Glycol (MEG) market, owing to rising demand across many sectors and improvements in sustainable technology. The region's growth is fueled by a significant emphasis on the automotive and packaging industries, where MEG plays an important role in the production of polyethylene terephthalate (PET) and antifreeze. In July 2024, DOW Chemical announced the opening of a new MEG production facility in the United States to fulfill increased demand from the North American automotive and packaging sectors. This development demonstrates the region's commitment to improving MEG production capacity to meet increasing industrial demand.

For instance, in June 2024, the US Department of Energy announced a new grant program to assist research and development in sustainable chemical processes, such as MEG manufacturing. This program seeks to enhance green technology and increase the efficiency of chemical manufacture, in line with the larger goals of decreasing environmental impact and supporting sustainable business practices. These efforts highlight North America's expanding importance in the MEG industry, which is fueled by both industrial demand and supporting government legislation.

Global Monoethylene Glycol Market: Segmentation Analysis

The Global Monoethylene Glycol Market is segmented on the basis of By Technology, By Application, By End-User and By Geography.

Global Monoethylene Glycol Market, By Technology

Gas-Based
Naphtha-Based
Coal- Based
Bio-Based

Based on Technology, the Global Monoethylene Glycol Market is segmented into Gas-Based, Naphtha-Based, Coal- Based, and Bio-Based. The naphtha-based sector is dominant because it relies on standard petrochemical processes sourced from crude oil, making it the most widely utilized technology for MEG synthesis. The fastest-growing segment is bio-based, which is being driven by rising environmental concerns and demand for sustainable manufacturing methods. The trend toward greener options is driving firms to use bio-based technology to cut carbon emissions and comply with environmental requirements.

Global Monoethylene Glycol Market, By Application

Polyester Fiber
Polyethylene Terephthalate (PET)
Antifreeze
Chemical Intermediate

Based on Application, the Global Monoethylene Glycol Market is segmented into Polyester Fiber, Polyethylene Terephthalate (PET), Antifreeze, and Chemical Intermediate. The polyester fiber sector is prominent because MEG is a key raw material in the production of polyester, which is widely utilized in the textile and garment industries, notably in fast fashion. The fastest-growing segment is polyethylene terephthalate (PET), which is being driven by expanding demand for PET in packaging, particularly for plastic bottles and food containers, as well as increased use in the global beverage and packaging industries.

Global Monoethylene Glycol Market, By End-User

Packaging
Automotive
Textiles
Chemicals

Based on End-User, the Global Monoethylene Glycol Market is segmented into Packaging, Automotive, Textiles, and Chemicals. The textiles section is dominant because MEG is extensively employed in the production of polyester fibers, which are widely used in the textile industry for clothes, home furnishings, and industrial materials. The Packaging section is the fastest-growing, driven by rising demand for polyethylene terephthalate (PET) in the production of plastic bottles, containers, and packaging materials, owing to the expansion of the e-commerce and consumer goods industries.

Global Monoethylene Glycol Market, By Geography

North America
Europe
Asia Pacific
Rest of the World
On the basis of Geography, the Global Monoethylene Glycol Market are classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific is the leading region due to its large textile and packaging sectors, particularly in China and India, where MEG is essential for polyester fiber and PET manufacture. North America is the second fastest-growing area, driven by rising demand in the automotive and packaging industries, as well as increased investment in bio-based MEG production to satisfy sustainability targets.

Key Players

The "Global Monoethylene Glycol Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
BASF SE, Dow Chemical Company, LyondellBasell Industries NV, SABIC, Formosa Plastics Corporation, ExxonMobil Corporation, Chevron Corporation, Shell plc, TotalEnergies SE, BP plc, Sinopec Corp., China National Petroleum Corporation, Petrobras, Reliance Industries Limited, Toray Industries, Inc., Mitsubishi Chemical Corporation, PTT Global Chemical PCL, Braskem S.A. and Iranol Petrochemical Company.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Monoethylene Glycol Market: Recent Developments
In July 2024, Mitsubishi Chemical invested in a new bio-based MEG production technology in Japan. This initiative is part of the company's overall aim to improve sustainability and reduce carbon emissions from traditional MEG production processes.
August 2024, Lotte Chemical opened a new MEG production facility in South Korea. The facility is expected to improve the company's manufacturing capacities and supply chain efficiency, helping to meet increased demand for MEG in a variety of Asian applications.
In July 2024, SABIC established a strategic agreement with a major renewable energy firm to create a more sustainable MEG production process. This program seeks to use renewable energy sources to lessen the environmental impact of MEG manufacture.

1. INTRODUCTION OF GLOBAL MONOETHYLENE GLYCOL MARKET

1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources

4. GLOBAL MONOETHYLENE GLYCOL MARKET OUTLOOK

4.1. Overview
4.2. Market Dynamics
- 4.2.1. Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis

5. GLOBAL MONOETHYLENE GLYCOL MARKET, BY APPLICATION

5.1. Overview
5.2. Polyester Fiber
5.3. Polyethylene Terephthalate (PET)
5.4. Antifreeze
5.5. Chemical Intermediate
5.6. Others

6. GLOBAL MONOETHYLENE GLYCOL MARKET, BY END-USER

6.1. Overview
6.2. Packaging
6.3. Automotive
6.4. Textiles
6.5. Chemicals
6.6. Others

7. GLOBAL MONOETHYLENE GLYCOL MARKET, BY TECHNOLOGY

7.1. Overview
7.2.Gas-based
7.3. Naphtha-based
7.4. Coal-based
7.5. Bio-based

8. GLOBAL MONOETHYLENE GLYCOL MARKET, BY GEOGRAPHY

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
- 8.2.3. Mexico
8.3. Europe
- 8.3.1. Germany
- 8.3.2. U.K.
- 8.3.3. France
- 8.3.4. Rest of Europe
8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Rest of Asia Pacific
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Argentina
8.6. Rest of the World
- 8.6.1 Latin America
- 8.6.2 Middle East and Africa

9. GLOBAL MONOETHYLENE GLYCOL MARKET COMPETITIVE LANDSCAPE

9.1. Overview
9.2. Company Market Ranking
9.3. Key Development Strategies

10. COMPANY PROFILES

10.1. LyondellBasell
- 10.1.1 Overview
- 10.1.2 Financial Performance
- 10.1.3 Product Outlook
- 10.1.4 Key Developments
10.2. The Dow Chemical Company
- 10.2.1. Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Outlook
- 10.2.4. Key Developments
10.3. MEGlobal
- 10.3.1. Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Outlook
- 10.3.4. Key Developments
10.4. SABIC
- 10.4.1. Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Outlook
- 10.4.4. Key Developments
10.5. ExxonMobil Corporation
- 10.5.1. Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Outlook
- 10.5.4. Key Developments
10.6. Finex Oy
- 10.6.1. Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Outlook
- 10.6.4. Key Developments
10.7. Formosa Plastic Group
- 10.7.1. Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Outlook
- 10.7.4. Key Developments
10.8. AkzoNobel
- 10.8.1. Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Outlook
- 10.8.4. Key Developments
10.9. Honam Petrochemical Corporation
- 10.9.1. Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Outlook
- 10.9.4. Key Developments
10.10. Reliance Industries Limited
- 10.10.1. Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Outlook
- 10.10.4. Key Developments