#Mono Ethylene Glycol (MEG) Market Research
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Mono Ethylene Glycol (MEG) Prices: Trend and Forecast
Mono Ethylene Glycol (MEG) is a key raw material in the production of a wide range of products, including antifreeze, polyester fibers, PET bottles, and various industrial applications. As one of the most significant petrochemical products, MEG's price is influenced by various factors, including supply-demand dynamics, feedstock prices, and global economic conditions. Understanding the factors that drive MEG prices and their trends is crucial for businesses and consumers within industries reliant on this compound.
Supply and Demand Factors
MEG prices are primarily determined by supply and demand dynamics. On the supply side, the production of MEG is heavily dependent on the availability of feedstocks like ethylene, which is derived from crude oil and natural gas. Any fluctuations in crude oil prices can directly impact the production cost of ethylene, which in turn influences MEG prices. For instance, in times of rising oil prices, MEG production costs increase, leading to higher prices.
The demand for MEG is driven by industries like textiles, automotive (antifreeze), packaging, and construction. The global demand for polyester fibers, which accounts for a large portion of MEG consumption, is a major factor in price fluctuations. A growth in the textile industry or an increase in demand for PET bottles, especially in emerging markets, can push MEG prices higher. Additionally, seasonal factors such as cold weather can boost demand for antifreeze and de-icing products, further driving up MEG prices during specific months.
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Global Economic Conditions
The global economic environment also plays a crucial role in the pricing of MEG. Economic growth, industrial activity, and trade can influence demand for various products containing MEG, such as textiles and packaging materials. In times of global economic expansion, MEG prices tend to rise due to increased demand for polyester and related products. Conversely, during economic downturns, MEG prices often experience a decline due to decreased industrial output and lower demand.
Currency exchange rates can also impact MEG prices. As MEG is traded on a global scale, fluctuations in currency values, particularly the U.S. dollar, can affect its pricing in different regions. A stronger dollar often makes MEG more expensive in countries with weaker currencies, potentially reducing demand in those markets.
Regional Variations in Pricing
MEG prices can vary significantly across regions due to differences in production capacity, feedstock availability, and local economic conditions. Asia-Pacific, particularly China, is the largest consumer and producer of MEG, accounting for a substantial portion of global production. The Chinese market is highly influential in determining global price trends, as any changes in Chinese production capacity or demand can lead to fluctuations in global MEG prices. Similarly, major producers in the Middle East and North America also impact price trends.
In addition to production and consumption patterns, geopolitical factors such as trade policies, tariffs, and natural disasters can influence MEG prices in specific regions. For example, disruptions in global shipping or changes in trade agreements can lead to supply chain issues, impacting MEG availability and price stability.
Recent Trends and Forecast
In recent years, MEG prices have been volatile, reflecting shifts in crude oil prices, fluctuating demand from key industries, and supply chain disruptions. During the COVID-19 pandemic, MEG prices experienced significant volatility as global industrial output contracted. However, as economies recover, MEG prices are seeing an upward trajectory due to increasing demand for polyester fibers and the return of industrial activity.
Looking forward, the global transition to more sustainable production processes may also impact MEG prices. As industries strive for greener alternatives, demand for bio-based MEG is expected to rise, which could affect the overall market dynamics. While the future of MEG prices remains uncertain, it is clear that supply chain efficiency, economic growth, and the cost of crude oil will continue to be major drivers of price trends.
Conclusion
Mono Ethylene Glycol prices are influenced by a complex mix of factors, from feedstock availability and global economic conditions to industry-specific demand and regional dynamics. For businesses involved in industries like textiles, automotive, and packaging, understanding these variables is crucial for managing production costs and navigating price fluctuations. As MEG continues to play an essential role in various global industries, its price trends will remain a critical consideration in the broader petrochemical market.
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Glycols Market : A View of the Industry's Advancements and Opportunities
The global glycols market size is anticipated to reach USD 49.36 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research. The report ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product (Propylene Glycol, Ethylene Glycol (Mono-ethylene Glycol, Di-ethylene Glycol, Tri-ethylene Glycol), By Applications (Textiles, Automotive, HVAC, Medical, Airline, Others), By Regions: Segment Forecast, 2018 – 2026’provides insights on the current market scenario and the future prospects. Increasing demand for ethylene and propylene glycol is owing to its increasing demand from a many primary end-use industries.
Large volumes of ethylene glycols are consumed for manufacturing of automotive coolant or antifreeze. Ethylene glycols are non-corrosive, stable chemicals with high flash points. Propylene glycols are relatively nontoxic liquids that are practically odorless and colorless. Some of its primary applications include heat transfer fluids, paints & coatings, antifreeze coolants, functional fluids and plasticizers.
The hygroscopicity of these products makes it an important conditioning agent in in vinyl floor tiles, cork, adhesives, cellulose sponges, synthetic rubbers, printing inks and paper products. Ethylene glycol is also used in formulations development of the alkyd-type resins that has linear chain structures and even in unsaturated polyester resins. It is also used in the dehydration of natural gas. Apart from these the product has several applications in polyester, textile, HVAC, medical, airline and food & beverage industry.
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MEG is the largest volume product produced of all the ethylene glycols. Polyester grade EG are among the leading application-based product production. This product grade is used in manufacturing of PET resins, fibers and several other substances such as tire cords, textiles, soft drinks, video tapes and water containers.
The high purity and industrial grade EG are utilized in formulation of various products that require hygroscopic, solvent, or high boiling point physiognomies. Some of these end-use products include printing inks, paints, cleaners, heat transfer fluids, hydraulic fluids, and electronics. The antifreeze grade EG is one of the major primary components in manufacturing of engine coolants especially for automotive.
Diethylene glycol (DEG) has excellent solvent properties and has higher boiling point, specific gravity and viscosity. Some of the primary applications of DEG include adhesives, heat transfer fluids, cement processing and cleansers. Moreover, it is also used as a chemical intermediate in the production of polyurethanes and unsaturated polyester resins.
Application segments of these products has increased significantly over the years as a synchrony or as a result of development and production of high quality of customer specific grades of these products and hence demand for these products has been increasing and is also anticipated to increase further in the near future.
However, owing to constant price volatility in petrochemicals production over the past few years, prices of ethylene and propylene glycol has also been fluctuating over the past two years across all the regional markets. This was owing to the different demand supply trends of the product in all the regional markets and as an attempt to meet that, product prices have been significantly affected.
In 2017, Asian Pacific glycols industry faced a few challenges in terms of longer supply terms and slower market growth in the downstream polyester terephthalate (PET), polyester fiber and yarn sectors. The listing of monoethylene futured as a product in the China’s Dalian Commodity Exchange (DCE) and added certain uncertainty to MEG price movements. In 2016 as well, the Asia Pacific market experienced volatility and was a challenging market space.
However, the average global prices of MEG saw gains in the first quarter of 2017 though it stabilized by the end of the year. It was mainly due to the increase in demand for polyester fibers from other regional markets and an overall reduction in production output from the major global suppliers of MEG.
The worldwide glycols market is a competitive marketspace with moderate degree of integration across the value chain by several market players. Some of the lading market participants include ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Dow Dupont, Royal Dutch Shell plc, LyondellBasell Industries, Total S.A., and China Petroleum & Chemical Corporation.
Polaris Market Research has segmented the global glycols market on the basis of product, application and region:
Glycols Product Outlook (Revenue, USD Billion, 2015 – 2026)
Propylene glycol
Ethylene glycol
Mono-ethylene glycol
Di-ethylene glycol
Glycols Application Outlook (Revenue, USD Billion, 2015 – 2026)
Polyethylene
Textiles
Automotive
HVAC
Medical
Airline
Polyester Fiber & Resins
Food & Beverage
Others
Glycols Regional Outlook (Revenue, USD Billion, 2015 – 2026)
North America
S.
Canada
Europe
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
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Polyethylene Terephthalate Market – Business Opportunities and Global Forecast to 2032
The global polyethylene terephthalate market is anticipated to grow at a stable CAGR of 3.4% over the projection period from 2022 to 2032. The global market is predicted to forecasted to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032.
Polyethylene Terephthalate popularly known as PET is a thermoplastic polymer resin produced due to the reaction of raw materials such as mono ethylene glycol (MEG) and purified terephthalic acid. This material is known to exhibit exceptional barrier properties towards moisture and water. Polyethylene Terephthalate finds applications across diverse industries such as automotive, food, and beverage packaging, and electronics, among others.
Over the recent years, Reliance Industries have announced an opening in Dahej, Gujrat, for making polyester plastic. Furthermore, the company is also expected to commission a 650KTA polyethylene terephthalate (PET) resin capacity and purified terephthalic acid (PTA) plant. It will increase their global share by almost four percent and would also lower the operational cost and achieve full chain margins.
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Key Companies Profiled
Indorama Ventures Public Company Limited
Alpek SAB de CV
Sinopec Group
Far Eastern New Century Corporation
CR Chemical Materials Technology Inc.
Competitive Landscape
Some of the key participants present in the global demand of the polyethylene terephthalate market are focusing on research and development activities along with other strategic steps such as mergers and acquisitions in order to get an edge over the global landscape.
Key Segments Covered in the Polyethylene Terephthalate Market Research Report
Application:
Polyethylene Terephthalate for Sheets/Films
Polyethylene Terephthalate for Packaging
Polyethylene Terephthalate for Consumer Goods
Polyethylene Terephthalate for Other Applications
End User:
Polyethylene Terephthalate for Automotive Industry
Polyethylene Terephthalate for Electronics
Polyethylene Terephthalate for Food & Beverages
Polyethylene Terephthalate for Other End Users
More Insights into the Polyethylene Terephthalate Market
The food and beverage sector is expected to account for robust growth within the Asia Pacific region. The rising income levels along with the swelling population levels are some of the major factors that have been steering the growth of the food industry in the province.
Attributing to enhanced living standards, the food and beverage sector in China is experiencing a significant boost. Consequently, there is an increasing demand for packaged, ready-to-cook, and ready-to-eat food, as well as an array of beverages.
Over the span of time, consumption of packaging material has significantly swelled, and a shift is predicted to sustainable and recyclable material is likely to drive the market in the coming future. Moreover, with enormous scope for growth in the region, novel investments are being observed in the food and beverage sector, envisioned to set up individual confectionaries, food processing, and beverage-making facilities.
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Market Insights and Forecast with Impact of COVID-19 (2023-2028)
New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/market-insights-and-forecast-with-impact-of-covid-19-2023-2028/
Market Insights and Forecast with Impact of COVID-19 (2023-2028)
ReportLinker
Executive Summary According to a research report published by Azoth Analytics, the Global Monoethylene Glycol Market was valued at USD 27. 2 Billion in the year 2022. The organic molecule mono ethylene glycol, commonly known as MEG, EG, 1, 2-ethanediol, or 1, 2-dihydroxyethane, has the chemical formula C2H6O2.
New York, Nov. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Monoethylene Glycol (MEG) Market (2022 Edition): Analysis By Application, End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2023-2028)” – https://www.reportlinker.com/p06360977/?utm_source=GNW
Currently, MEG is mainly produced from fossil fuels, using ethylene as the starting material, but now the market for bio-based MEG is growing strongly. This is largely driven by consumer desire for naturally derived products, the need to reduce carbon footprints and the increasing price volatility of petrochemical raw materials. The market for bio-based chemicals as a whole is growing at around 10% per annum and there is no doubt that the future of the MEG market will belong to bio-based MEG.
MEG is a clear, colourless liquid that has a slight viscosity, a sweet flavour, and almost no odour. It is largely utilized in the industry for the synthesis of polyester fibres and as a component in the creation of antifreeze, coolants, and de-icers since it is miscible with water, alcohol, and many other organic compounds.
On the basis of Application, Polyethylene terephthalate (PET) is the fastest-growing MEG Application and is expected to grow with a CAGR of 5.8% in the forecast period. On the basis of End Users, Textiles is one of the very significant end users of the MEG market in 2022. Due to their incredibly high demand for polyester fibre and polyethylene terephthalate, China and India are APAC’s top monoethylene glycol consumers.
Scope of the Report ? The report analyses the Monoethylene Glycol Market by Value (USD million).
? The report analyses the Monoethylene Glycol Market by Volume (Million Metric Tonnes).
? The report presents the analysis of the Monoethylene Glycol market for the historical period of 2018-2021 and the forecast period of 2023-2028.
? The report analyses the Monoethylene Glycol Market by Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others).
? The report analyses the Monoethylene Glycol Market by End User (Textile, Plastic and Packaging, Automotive and Transportation, Others).
? The Global Monoethylene Glycol Market has been analysed by countries (United States, Canada, Germany, UK, France, Italy, China, India, Japan, South Korea).
? The key insights of the report have been presented through the frameworks of market share and recent developments. Also, the attractiveness of the market has been presented by region.
? Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
? The report tracks competitive developments, strategies, Volume Analysis, Cost Analysis, mergers and acquisitions and new product development. The companies analysed in the report include BASF SE, Lyondellbasell Industries N.V., SABIC, Shell Chemicals, Lotte Chemicals, Dow Chemical Company, AkzoNobel, Exxon Mobil Corporation, Huntsman Corporation, and China National Petroleum Corporation.
Key Target Audience
? Monoethylene Glycol Industry Vendors
? Chemical Companies
? Consulting and Advisory Firms
? Government and Policy Makers
? Regulatory Authorities Read the full report: https://www.reportlinker.com/p06360977/?utm_source=GNW
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Polyester Staple Fiber Market by Top Key Players, Types, Applications, Countries & Forecast to 2018-2030
Polyester Staple Fiber Market was estimated to be at USD 27.39 Billion in the year 2021, ready to exhibit a Compound Annual Growth Rate (CAGR) of 27.39%.
Polymerization of pure terephthalic acid (PTA) and mono ethylene glycol (MEG) or recycled polyethylene terephthalate (PET) bottle flakes produces polyester staple fibre (PSF). It's light, resistant to light, and comes in a variety of colours and cut lengths. PSF is extensively used for spinning yarns, which are then knitted or woven into non-woven fabrics because it can tolerate harsh environmental conditions and has excellent durability. It's also found in high-end pillows, cushions, comforters, sofas, soft toys, coats, and mattresses all throughout the world.
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Polyester staple fibres come in a variety of compositions and are made of cellulosic, natural, or synthetic fibres with variable lengths. Raw cotton, wool, flax, or hemp are the most often utilised raw materials, with cotton and wool being the most common. Staple fibres, on the other hand, are frequently produced from different raw materials such as angora, flax, alpaca, and mohair. Filament fibres are used for spinning into comparatively shorter lengths utilising a specific type of fibre or a variety of Staple fibres and natural fibres, and are utilised in a variety of industries including fashion, construction, automotive, home furnishing, filtration, and hygiene & personal care..
Global Polyester Staple Fiber Market- Segment Analysis
Segmentation based on Origin-
• Virgin Polyester Staple Fiber
• Recycled Polyester Staple Fiber
• Blend of virgin and recycled polyester staple fiber
• Others
Segmentation Based on End- User Industry
• Apparel
o Casual
o Sports
o industrial
• Personal Care and Hygiene
• Automotive
o passenger cars
o light commercial vehicles (LCV)
o heavy commercial vehicles (HCV)
o others
• Home Furnishing
o Sofa
o Chairs
o Pillows
o Others
• Filtration
• Building & Construction
o Residential
o Commercial
o Industrial
o others
• Electrical & Electronics
o computer
o recording tapes
o others
Segmentation Based on Product
• Solid
o semi-dull optical white
o bright optical white
o black dope dyed
o colored dope white
o others
• Hollow
Segmentation based on Denier
• 0.6-7D
• 7.1-15D
Segmentation Based on Geography
• North America
• Europe
• South America
• Asia Pacific
Purchase Global Polyester Staple Fibers Market Research Report:- https://wemarketresearch.com/purchase/polyester-staple-fiber-market/23/?license=single
Key Questions Answered in This Report:
How has the global polyester staple fiber market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global polyester staple fiber market?
What are the key regional markets?
What is the breakup of the market based on the origin?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polyester staple fiber market and who are the key players?
What is the degree of competition in the industry?
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“Mono Ethylene Glycol Market ”report focuses on the market status, future forecast, growth opportunities, market trends and leading players.
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Glycols Market Is Expected To Reach New Growth Revenues During 2021-2028
The global glycols market size is anticipated to reach USD 49.36 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research. The report ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product (Propylene Glycol, Ethylene Glycol (Mono-ethylene Glycol, Di-ethylene Glycol, Tri-ethylene Glycol), By Applications (Textiles, Automotive, HVAC, Medical, Airline, Others), By Regions: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects. Increasing demand for ethylene and propylene glycol is owing to its increasing demand from a many primary end-use industries.
Large volumes of ethylene glycols are consumed for manufacturing of automotive coolant or antifreeze. Ethylene glycols are non-corrosive, stable chemicals with high flash points. Propylene glycols are relatively nontoxic liquids that are practically odorless and colorless. Some of its primary applications include heat transfer fluids, paints & coatings, antifreeze coolants, functional fluids and plasticizers.
The hygroscopicity of these products makes it an important conditioning agent in in vinyl floor tiles, cork, adhesives, cellulose sponges, synthetic rubbers, printing inks and paper products. Ethylene glycol is also used in formulations development of the alkyd-type resins that has linear chain structures and even in unsaturated polyester resins. It is also used in the dehydration of natural gas. Apart from these the product has several applications in polyester, textile, HVAC, medical, airline and food & beverage industry.
Download sample: https://www.polarismarketresearch.com/industry-analysis/glycols-market/request-for-sample
MEG is the largest volume product produced of all the ethylene glycols. Polyester grade EG are among the leading application-based product production. This product grade is used in manufacturing of PET resins, fibers and several other substances such as tire cords, textiles, soft drinks, video tapes and water containers.
The high purity and industrial grade EG are utilized in formulation of various products that require hygroscopic, solvent, or high boiling point physiognomies. Some of these end-use products include printing inks, paints, cleaners, heat transfer fluids, hydraulic fluids, and electronics. The antifreeze grade EG is one of the major primary components in manufacturing of engine coolants especially for automotive.
Diethylene glycol (DEG) has excellent solvent properties and has higher boiling point, specific gravity and viscosity. Some of the primary applications of DEG include adhesives, heat transfer fluids, cement processing and cleansers. Moreover, it is also used as a chemical intermediate in the production of polyurethanes and unsaturated polyester resins.
Application segments of these products has increased significantly over the years as a synchrony or as a result of development and production of high quality of customer specific grades of these products and hence demand for these products has been increasing and is also anticipated to increase further in the near future.
However, owing to constant price volatility in petrochemicals production over the past few years, prices of ethylene and propylene glycol has also been fluctuating over the past two years across all the regional markets. This was owing to the different demand supply trends of the product in all the regional markets and as an attempt to meet that, product prices have been significantly affected.
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In 2017, Asian Pacific glycols industry faced a few challenges in terms of longer supply terms and slower market growth in the downstream polyester terephthalate (PET), polyester fiber and yarn sectors. The listing of monoethylene futured as a product in the China’s Dalian Commodity Exchange (DCE) and added certain uncertainty to MEG price movements. In 2016 as well, the Asia Pacific market experienced volatility and was a challenging market space.
However, the average global prices of MEG saw gains in the first quarter of 2017 though it stabilized by the end of the year. It was mainly due to the increase in demand for polyester fibers from other regional markets and an overall reduction in production output from the major global suppliers of MEG.
The worldwide glycols market is a competitive marketspace with moderate degree of integration across the value chain by several market players. Some of the lading market participants include ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Dow Dupont, Royal Dutch Shell plc, LyondellBasell Industries, Total S.A., and China Petroleum & Chemical Corporation.
Polaris Market Research has segmented the global glycols market on the basis of product, application and region:
Glycols Product Outlook (Revenue, USD Billion, 2015 – 2026)
Propylene glycol
Ethylene glycol
Mono-ethylene glycol
Di-ethylene glycol
Glycols Application Outlook (Revenue, USD Billion, 2015 – 2026)
Polyethylene
Textiles
Automotive
HVAC
Medical
Airline
Polyester Fiber & Resins
Food & Beverage
Others
Glycols Regional Outlook (Revenue, USD Billion, 2015 – 2026)
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Rest of MEA
U.S.
Canada
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Brazil
Mexico
Argentina
Rest of LATAM
UAE
Saudi Arabia
South Africa
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Glycols Market To Witness Massive Growth During Forecast Period
The GLYCOLS Market report discusses in-depth the growth opportunities, challenges, growth drivers and demands of the market. Further, the research assesses the regional market as well as the global market to gather the data into the scope of the GLYCOLS market. The report also provides estimations and forecasts about the market segment and sub-segments exhibiting favourable growth in the upcoming timeline. The report also gives deeper details into the technological development, industrial scenario, and newly launched product in the GLYCOLS market.
The global glycols market size is anticipated to reach USD 49.36 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research. The report ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product (Propylene Glycol, Ethylene Glycol (Mono-ethylene Glycol, Di-ethylene Glycol, Tri-ethylene Glycol), By Applications (Textiles, Automotive, HVAC, Medical, Airline, Others), By Regions: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects. Increasing demand for ethylene and propylene glycol is owing to its increasing demand from a many primary end-use industries.
Large volumes of ethylene glycols are consumed for manufacturing of automotive coolant or antifreeze. Ethylene glycols are non-corrosive, stable chemicals with high flash points. Propylene glycols are relatively nontoxic liquids that are practically odorless and colorless. Some of its primary applications include heat transfer fluids, paints & coatings, antifreeze coolants, functional fluids and plasticizers.
Get Sample copy of this report : https://www.polarismarketresearch.com/industry-analysis/glycols-market/request-for-sample
The hygroscopicity of these products makes it an important conditioning agent in in vinyl floor tiles, cork, adhesives, cellulose sponges, synthetic rubbers, printing inks and paper products. Ethylene glycol is also used in formulations development of the alkyd-type resins that has linear chain structures and even in unsaturated polyester resins. It is also used in the dehydration of natural gas. Apart from these the product has several applications in polyester, textile, HVAC, medical, airline and food & beverage industry.
MEG is the largest volume product produced of all the ethylene glycols. Polyester grade EG are among the leading application-based product production. This product grade is used in manufacturing of PET resins, fibers and several other substances such as tire cords, textiles, soft drinks, video tapes and water containers.
The high purity and industrial grade EG are utilized in formulation of various products that require hygroscopic, solvent, or high boiling point physiognomies. Some of these end-use products include printing inks, paints, cleaners, heat transfer fluids, hydraulic fluids, and electronics. The antifreeze grade EG is one of the major primary components in manufacturing of engine coolants especially for automotive.
The worldwide glycols market is a competitive marketspace with moderate degree of integration across the value chain by several market players. Some of the lading market participants include ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Dow Dupont, Royal Dutch Shell plc, LyondellBasell Industries, Total S.A., and China Petroleum & Chemical Corporation.
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Mono Ethylene Glycol (MEG) Market Size 2021: Growth Rate Analysis by Key Segments, Research Report Forecast with Industry Share and Competitive Analysis till 2027
Mono Ethylene Glycol Market – Overview
Mono Ethylene Glycol or Glycol is manufactured industrially from ethylene oxide and ethylene. Mono ethylene glycol market is expected to witness steady growth on account of its significant usage in polyethylene terephthalate as well as antifreeze application. Among application, polyethylene terephthalate (PET) accounted for the largest market share in 2016 and is predicted to retain its dominance over the estimated period due to high demand from packaging industry. Antifreeze segment is expected to witness healthy growth due to increasing aviation industry across the globe. Growing per capita disposable income in developed and developing region coupled with increasing use of packaged products is predicted to propel the growth of the market. Moreover continuous growth of textile industry along with rising consumption of monoethylene glycol is predicted to drive the demand for Mono ethylene glycol market during the review period.
Geographically, Asia Pacific accounted for the largest market share for monoethylene glycol followed by North America and Europe in 2016.
The Asia Pacific region dominated the global Monoethylene Glycol Market share in 2016 and is expected to witness highest CAGR due to continuous growth of automotive and plastic industries specifically in China, India, Japan, Taiwan, Thailand, Malaysia, and South Korea. Additionally, the growth of mono ethylene glycol is largely driven by their utilization in packaging and textile industries. Furthermore, rising investment by major operating companies and shifting of monoethylene glycol manufacturing units as well as end use industries growth in this region is estimated to propel the monoethylene glycol regional market growth. North American market is expected to witness steady growth due to rising number of working professional which has resulted in increasing demand for packaging items and ultimately is expected to rise the consumption of monoethylene glycol in the upcoming years. Europe is estimated to witness healthy growth on account of rising demand from textile sector. Furthermore, strict regulations regarding the usage of this product has led to increase the innovation and development in this industry. Middle East & African market is estimated to register strong growth due to increasing plastic and packaging industries present in Qatar, Oman, Turkey, the United Arab Emirates, and Saudi Arabia. Market in Latin American countries such as Brazil and Guatemala, and Peru is estimated to register healthy growth on account of rising demand for textile and packaging items.
Key Players:
The Dow Chemical Company, Reliance Industries Limited., Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, ExxonMobil Chemical Company, Eastman Chemical Company, Huntsman Corporation LLC. among others are some of the prominent players at the forefront of competition in the Global Mono Ethylene Glycol Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
April 2017- Indian Oil Corporation Limited planned to expand Paradip Refinery under this, the company will set up a second unit of monoethylene glycol plant which will cost around USD 614 Million. With this expansion the company will able to meet the growing demand from end use industries.
May 2017- ExxonMobil and SABIC signed an agreement to set up a petrochemical complex which include ethane steam cracker having capability of manufacturing 1.8 million tonnes of ethylene per annum, a monoethylene glycol unit, and two polyethylene units. With this expansion the company enhance its presence in global monoethylene glycol market.
March 2016- EQUATE Petrochemical Company with its subsidiary, MEGlobal planned to construct monoethylene glycol manufacturing unit at Dow’s Oyster Creek site in Texas. Company construct MEG plant to increase its global footprint and enhance its value as leading ethylene glycol producer and supplier. Company will be able to meet the growing demand in U.S. and Asian Market.
August 2016- Lotte Chemical and Axiall planned to set up a MEG plant through a joint venture called LACC LLC with an investment of around USD 1.1 Billion. With this expansion, the company is planning to expand its market basis in the U.S. and Europe.
Competitive Landscape
The Mono Ethylene Glycol report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Mono Ethylene Glycol market comprises of various players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global monoethylene glycol industry is focusing towards growth association specifically by Asia Pacific as medium scale and small scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Additionally, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of monoethylene glycol to meet the growing demand for Mono Ethylene Glycol.
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Mono Ethylene Glycol (MEG) Prices Trend | Pricing | Database | Index | News | Chart
Mono Ethylene Glycol (MEG) prices have been subject to significant fluctuations in recent years, influenced by a multitude of factors within the global market. MEG, a vital chemical compound extensively used in various industries such as automotive, textiles, and packaging, plays a pivotal role in manufacturing polyester fibers, resins, and antifreeze solutions. The pricing dynamics of MEG are intricately linked to supply-demand fundamentals, raw material costs, global economic trends, and geopolitical factors.
One of the primary determinants of MEG prices is its production capacity and availability of raw materials, primarily ethylene oxide. Ethylene oxide serves as the key precursor for MEG production, and any fluctuations in its supply chain can directly impact MEG prices. Moreover, the energy costs involved in the production process, including electricity and natural gas, exert a significant influence on overall pricing. As energy prices fluctuate due to geopolitical tensions or market forces, manufacturers adjust MEG prices to reflect these changes.
Global economic conditions also play a critical role in shaping MEG pricing trends. During periods of economic growth and industrial expansion, the demand for MEG typically rises as industries ramp up production of polyester fibers and resins. Conversely, economic downturns can lead to reduced demand, causing MEG prices to soften. The interconnected nature of global trade means that economic developments in major consumer markets like China, the United States, and Europe can swiftly impact MEG pricing worldwide.
Get Real Time Prices of Mono Ethylene Glycol (MEG): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4Furthermore, environmental regulations and sustainability initiatives have emerged as increasingly influential factors in the MEG market. As governments worldwide implement stricter environmental standards, manufacturers face additional costs related to compliance and sustainable practices. These expenses can potentially translate into higher production costs for MEG, thereby influencing its pricing dynamics.
Market sentiment and investor speculation also contribute to the volatility observed in MEG prices. Traders and investors closely monitor market trends, geopolitical developments, and macroeconomic indicators to anticipate future price movements. Sentiment-driven fluctuations can sometimes lead to rapid price swings, impacting both producers and consumers within the MEG supply chain.
Looking forward, technological advancements and innovations in MEG production processes could potentially influence future pricing trends. Research and development efforts aimed at enhancing production efficiency and reducing environmental impact may lead to cost savings for manufacturers, thereby exerting downward pressure on prices.
In conclusion, Mono Ethylene Glycol (MEG) prices are shaped by a complex interplay of factors including supply-demand dynamics, raw material costs, energy prices, global economic conditions, regulatory frameworks, and market sentiment. Participants in the MEG market must navigate these variables to anticipate and respond to price fluctuations effectively. As industries continue to evolve and innovate, the future trajectory of MEG prices will likely be influenced by ongoing developments in technology, sustainability practices, and global economic trends.
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#MEG Price Monitor#MEG Pricing#Mono Ethylene Glycol Price#Mono Ethylene Glycol Prices#Mono Ethylene Glycol Pricing
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Monoethylene Glycol Market Statistics, Overview,Research Methodology, Competitive Landscape ,Opportunities by 2026
Market Size – USD 25.62 Billion in 2018, Market Growth - CAGR of 4.7%, Market Trends – Product launches and research for advanced technological developments
According to the current analysis of Reports and Data, The global Monoethylene Glycol Market was valued at USD 25.62 Billion in 2018 and is expected to reach USD 36.98 Billion by year 2026, at a CAGR of 4.7%. Monoethylene glycol is primarily used in the manufacturing of PET and polyester resins. Monoethylene glycol is produced from ethylene via ethylene oxide, which is hydrated through thermal or catalytic process. Monoethylene glycol (MEG) is a colorless, odorless, syrupy liquid with sweet taste. Mono-ethylene Glycol (MEG) can be used for applications that require chemical intermediates for resins, solvent couplers, freezing point depression, solvents, humectants and chemical intermediates. The increasing use of monoethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is propelling the growth of the global monoethylene glycol market.
Furthermore, bio-based monoethylene glycol is expected to create abundant opportunities for the expansion of the global monoethylene glycol market. Moreover, the growing demand for non-ionic surfactant and growing textile & fiber industries are probable to generate plentiful prospects for the growth of the global monoethylene glycol market, during the forecast period.
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Major Companies Operating in the industry and profiled in the report are:
· LyondellBasell,
· The Dow Chemical Company,
· ME Global, SABIC,
· ExxonMobil Corporation,
· Formosa Plastic Group,
· AkzoNobel and Honam Petrochemical Corporation
The report provides a comprehensive analysis of current market dynamics and the factors that might influence the growth of the market or hamper it. The report provides insight into revenue growth, global and regional analysis, and market segmentation based on types and applications.
Monoethylene Glycol Market Segmentation based on Technology:
· Naphtha-Based
· Coal-And Natural Gas-Based
· Bio-Based Monoethylene Glycol Production
· Technology Providers
Monoethylene Glycol Market Segmentation based on Applications:
· Fiber
· PET
· Film
· Antifreeze & Coolant
· Others
The report additionally discusses in-depth the strategic initiatives taken by the major market players for expanding their consumer base and to gain market size. This includes a list of mergers, acquisitions, joint ventures, product launches, collaborations, partnerships, and agreements. The report includes an extensive profiling of the key companies including their product catalogues, pricing analysis, and business expansion strategies.
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The regional analysis of the Monoethylene Glycol market provides an insight into the regions expected to hold the largest share in the market. According to the research report, North America is expected to dominate the market holding the largest share. Asia Pacific is expected to show a significant growth in the coming years owing to adoption of advanced technologies and growing consumer base. Europe is expected to follow closely behind North America & APAC countries. Latin America and Middle East & Africa are expected to hold a significant share in the market.
The regional analysis covers:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest:
· Polyester fabrics are extensively used in apparels, home furnishings, yarns & ropes and other industrial applications including conveyer belts and insulating tapes which are likely to drive the demand for MEG over the forecast period.
· The production of Polyester fibers in the past years has been increasing. This increasing trend will also be observed during the forecast period. Roughly, 0.345 Kg of MEG is used to make 1 Kg of Polyester
· The growing demand for monoethylene glycol in the production of polyester fiber is the major factor influencing the market growth. Interpreting to the technology, naphtha-based segment recorded the highest share in the market of approximately 47.1%
· The increasing industrial sector in countries such as China and India are the driving the market growth. The Asia Pacific holds the largest market share of 37.5% in the global mono-ethylene glycol market due to the rising demand for polyester fiber in the region
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Mono Ethylene Glycol (MEG) Market – Share ,Size 2021 By Industry Share, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Demand, Investment Opportunities and Forecast by Regions till 2027
Mono Ethylene Glycol Market – Overview
Mono Ethylene Glycol or Glycol is manufactured industrially from ethylene oxide and ethylene. Mono ethylene glycol market is expected to witness steady growth on account of its significant usage in polyethylene terephthalate as well as antifreeze application. Among application, polyethylene terephthalate (PET) accounted for the largest market share in 2016 and is predicted to retain its dominance over the estimated period due to high demand from packaging industry. Antifreeze segment is expected to witness healthy growth due to increasing aviation industry across the globe. Growing per capita disposable income in developed and developing region coupled with increasing use of packaged products is predicted to propel the growth of the market. Moreover continuous growth of textile industry along with rising consumption of monoethylene glycol is predicted to drive the demand for Mono ethylene glycol market during the review period.
Geographically, Asia Pacific accounted for the largest market share for monoethylene glycol followed by North America and Europe in 2016. The Asia Pacific region dominated the global monoethylene glycol market share in 2016 and is expected to witness highest CAGR due to continuous growth of automotive and plastic industries specifically in China, India, Japan, Taiwan, Thailand, Malaysia, and South Korea. Additionally, the growth of mono ethylene glycol is largely driven by their utilization in packaging and textile industries. Furthermore, rising investment by major operating companies and shifting of monoethylene glycol manufacturing units as well as end use industries growth in this region is estimated to propel the monoethylene glycol regional market growth. North American market is expected to witness steady growth due to rising number of working professional which has resulted in increasing demand for packaging items and ultimately is expected to rise the consumption of monoethylene glycol in the upcoming years. Europe is estimated to witness healthy growth on account of rising demand from textile sector. Furthermore, strict regulations regarding the usage of this product has led to increase the innovation and development in this industry. Middle East & African market is estimated to register strong growth due to increasing plastic and packaging industries present in Qatar, Oman, Turkey, the United Arab Emirates, and Saudi Arabia. Market in Latin American countries such as Brazil and Guatemala, and Peru is estimated to register healthy growth on account of rising demand for textile and packaging items.
Access Complete Report @ https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709
Industry/ Innovation/ Related News:
April 2017- Indian Oil Corporation Limited planned to expand Paradip Refinery under this, the company will set up a second unit of monoethylene glycol plant which will cost around USD 614 Million. With this expansion the company will able to meet the growing demand from end use industries.
May 2017- ExxonMobil and SABIC signed an agreement to set up a petrochemical complex which include ethane steam cracker having capability of manufacturing 1.8 million tonnes of ethylene per annum, a monoethylene glycol unit, and two polyethylene units. With this expansion the company enhance its presence in global monoethylene glycol market.
March 2016- EQUATE Petrochemical Company with its subsidiary, MEGlobal planned to construct monoethylene glycol manufacturing unit at Dow’s Oyster Creek site in Texas. Company construct MEG plant to increase its global footprint and enhance its value as leading ethylene glycol producer and supplier. Company will be able to meet the growing demand in U.S. and Asian Market.
August 2016- Lotte Chemical and Axiall planned to set up a MEG plant through a joint venture called LACC LLC with an investment of around USD 1.1 Billion. With this expansion, the company is planning to expand its market basis in the U.S. and Europe.
Key Players:
The Dow Chemical Company, Reliance Industries Limited., Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, ExxonMobil Chemical Company, Eastman Chemical Company, Huntsman Corporation LLC. among others are some of the prominent players at the forefront of competition in the Global Mono Ethylene Glycol Market and are profiled in MRFR Analysis.
Competitive Landscape
The Mono Ethylene Glycol report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Mono Ethylene Glycol market comprises of various players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global monoethylene glycol industry is focusing towards growth association specifically by Asia Pacific as medium scale and small scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Additionally, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of monoethylene glycol to meet the growing demand for Mono Ethylene Glycol.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Rise in Demand for Polyester Fiber Expected to Drive Global and Japan Mono Ethylene Glycol Market: Ken Research
Rise in Demand for Polyester Fiber Expected to Drive Global and Japan Mono Ethylene Glycol Market: Ken Research
Mono Ethylene glycol or MEG refers as the organic compound which is syrupy liquid, odorless, colorless, with a sweet taste. It is basically produced from the ethylene via ethylene oxide, which is hydrated through the thermal or catalytic process. It is utilized as the antifreeze for different uses like preserving biological tissues & organs or as de-icing fluids. It is an important raw material…
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Mono Ethylene Glycol (MEG) Market: By Manufactures, Types, End-Users and Regions to 2025
Global Mono Ethylene Glycol (MEG) Market Research Report 2019 Presents Intellect by Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and Region --Forecast to 2025.
The analysis on the Mono Ethylene Glycol (MEG) Market provides complete data. Components, as an instance, the situation of the small organization enterprise, significant players size, SWOT analysis, and also patterns on the market are within the study. Along with that, the Mono Ethylene Glycol (MEG) report tables, numbers on growth, figures, and graphs offering a view of this market.
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Top Players/Businesses-
Akzo Nobel, BASF, Dow, Huntsman International, LyondellBasell, Shell, Chemtex Speciality, SABIC, Lotte Chemical, MEGlobal, NAN YA PLASTICS, Reliance Industries, India Glycols
Market Products and Applications:
Product Types:
Fiber Grade MEG
Industrial Grade MEG
Antifreeze Grade MEG
Applications Types:
Polyester Resins
Antifreeze and Coolants
Chemical Intermediates
Heat Transfer Fluids
Others
Geographies Analyzed are:-
North America
Asia-Pacific
UK, Europe
Central & South America
Middle East & Africa
The prime purpose with this global Mono Ethylene Glycol (MEG) market report would help to comprehend industry concerning its definition, segmentation and possibilities, essential trends and also the challenges which the current market is facing. The Mono Ethylene Glycol (MEG) research represents the majority of our efforts, supplemented by a thorough secondary investigation. We analyzed Mono Ethylene Glycol (MEG) report that is relevant, annual reports, media releases and players product to promoting understanding and analysis.
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Key Questions Answered in this Report -- Mono Ethylene Glycol (MEG) Industry, Status, and Forecast from Players, Types, and Applications
Which all Mono Ethylene Glycol (MEG) organizations are profiled from the report?
What all segmentations covered?
Which would be global Mono Ethylene Glycol (MEG) market opportunities and restraints with producers in the industry?
Which will be the Mono Ethylene Glycol (MEG) trending variables currently impacting the market shares?
What will be the global Mono Ethylene Glycol (MEG) market size in 2025?
Who will be the top vendors in Mono Ethylene Glycol (MEG) market?
What's going to be the growth speed?
Which will be the significant Mono Ethylene Glycol (MEG) market trends?
Which industry regions are currently affecting on Mono Ethylene Glycol (MEG) market's development?
Which will be the trending factors of Mono Ethylene Glycol (MEG) Market?
The analysis on the Mono Ethylene Glycol (MEG) market also provides a chronological fact-sheet concerning this mergers, acquirements, activities, along with partnerships widespread from the market. Great tips by pros on spending in Mono Ethylene Glycol (MEG) advanced work will help in usefulness in class contestants as well as also trusted associations for the predator that is improved at the building parts of their Mono Ethylene Glycol (MEG) market players may attain an apparent comprehension of the major competitions along with their prospective predictions.
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