Monoethylene glycol is a colorless, virtually odorless and slightly viscous liquid. It is miscible with water, alcohols, aldehydes and many organic compounds.

Market Analysis and Insights: Global Monoethylene Glycol (MEG) Market

Due to the COVID-19 pandemic, the global Monoethylene Glycol (MEG) market size is estimated to be worth US$ 30900 million in 2022 and is forecast to a readjusted size of US$ 46630 million by 2028 with a CAGR of 7.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Fiber Grade accounting for % of the Monoethylene Glycol (MEG) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Polyester Fibre segment is altered to an % CAGR throughout this forecast period.

Currently, leaning on the natural oil resources, manufacturers in this industry are concentrated in North America, Europe, Middle East, China and Asia Pacific. Global major monoethylene glycol producers are Sabic, Sinopec, Formosa Plastic, Shell, EQUATE, Lotte Chemical, Dow, SPDC, CNPC, Reliance Industry, INEOS, BASF, NIOC, SHAZAND Company, OUCC. Those companies are all global famous oil companies, with about 61% market shares.

Global Monoethylene Glycol (MEG) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Monoethylene Glycol (MEG) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Fiber Grade

Industrial Grade

Antifreeze Grade


Segment by Application


Polyester Fibre

Polyester Resins

Antifreeze and Coolants

Chemical Intermediates

Others


By Company


SABIC

Sinopec

Formosa Plastics Group (FPG)

Shell

EQUATE

Lotte Chemical

Dow

SPDC

CNPC

Reliance Industries

OUCC

INEOS

LyondellBasell

BASF

NIOC

Farsa Chimie

PTT Global Chemical

IndianOil

Indorama Ventures

Sibur

PJSC Kazanorgsintez

Nippon Shokubai

SHAZAND Company

Huntsman

Maruzen Petrochemical


Production by Region



North America

Europe

Middle East & Africa

Southeast Asia

Japan

China


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina