Monoethylene Glycol Trends and Forecast
The future of the global monoethylene glycol market looks promising with opportunities in the packaging, textile, automotive, and plastic markets. The global monoethylene glycol market is expected to reach an estimated $25.1 billion by 2030 with a CAGR of 3.0% from 2024 to 2030. The major drivers for this market are growing R&D efforts, as well as a rise in technological innovation and production process modernization, MEG products are growing as a result of the textile industryÄX%$%Xs rising need for polyester fiber, as well as, increasing investments for development of innovative products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Monoethylene Glycol by Segment
The study includes a forecast for the global monoethylene glycol by application, end use, and region.
Monoethylene Glycol Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• PET
• Polyester Fiber
• Antifreeze
• Others
Monoethylene Glycol Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Packaging
• Textile
• Automotive
• Plastic
• Others
Monoethylene Glycol Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Monoethylene Glycol Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies monoethylene glycol companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the monoethylene glycol companies profiled in this report include-
• MEGlobal
• Ishtar
• Raha
• India Glycols
• Kimia Pars
• LyondellBasell
• Arham Petrochem
• Indian Oil
• Pon Pure Chemicals
• Acuro Organics
Monoethylene Glycol Market Insights
Lucintel forecasts that PET will remain the largest segment over the forecast period because the monoethylene glycol has advantages over other products in the pet production process, including thermal stability, reactivity, compatibility, clarity and transparency, and barrier qualities.
Within this market, textile will remain the largest segment due to monoethylene glycolÄX%$%Xs broad application in the textile sector in processes such as dyeing, polyester fiber manufacture, textile printing, finishing, and textile processing.
APAC will remain the largest region over the forecast period due to the increased use of monoethylene glycol compounds in electronics and textiles, rising demand from developing nations, and shifting living standards, along with the increasing investments for development of innovative products in this region.
Features of the Global Monoethylene Glycol Market
Market Size Estimates: Monoethylene glycol market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Monoethylene glycol market size by application, end use, and region in terms of value ($B).
Regional Analysis: Monoethylene glycol market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different application, end use, and regions for the monoethylene glycol market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the monoethylene glycol market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the monoethylene glycol market size?
Answer: The global monoethylene glycol market is expected to reach an estimated $25.1 billion by 2030.
Q2. What is the growth forecast for monoethylene glycol market?
Answer: The global monoethylene glycol market is expected to grow with a CAGR of 3.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the monoethylene glycol market?
Answer: The major drivers for this market are growing R&D efforts, as well as a rise in technological innovation and production process modernization, MEG products are growing as a result of the textile industryÄX%$%Xs rising need for polyester fiber, as well as, increasing investments for development of innovative products.
Q4. What are the major segments for monoethylene glycol market?
Answer: The future of the global monoethylene glycol market looks promising with opportunities in the packaging, textile, automotive, and plastic markets.
Q5. Who are the key monoethylene glycol market companies?
Answer: Some of the key monoethylene glycol companies are as follows:
• MEGlobal
• Ishtar
• Raha
• India Glycols
• Kimia Pars
• LyondellBasell
• Arham Petrochem
• Indian Oil
• Pon Pure Chemicals
• Acuro Organics
Q6. Which monoethylene glycol market segment will be the largest in future?
Answer: Lucintel forecasts that PET will remain the largest segment over the forecast period because the monoethylene glycol has advantages over other products in the pet production process, including thermal stability, reactivity, compatibility, clarity and transparency, and barrier qualities.
Q7. In monoethylene glycol market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the increased use of monoethylene glycol compounds in electronics and textiles, rising demand from developing nations, and shifting living standards, along with the increasing investments for development of innovative products in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the monoethylene glycol market by application (PET, polyester fiber, antifreeze, and others), end use (packaging, textile, automotive, plastic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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