#Mono Ethylene Glycol Market overview Mono Ethylene Glycol Market trends Mono Ethylene Glycol Market size and share

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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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Industrial Electroplating Market : Size, Trends & Forecasts (2021-2027)

Market Segmentation

The global industrial electroplating market has been categorized on the basis of metal, type, end-use industry, and region.

By metal, the global market has been divided into standard metals, precious metals, and alloys. The standard metals segment is further categorized into tin, copper, zinc, chromium, and others. The precious metals segment is further sub-segmented into gold, silver palladium, platinum, and others. The standard metals segment held the largest share of the market in 2018, with copper being the most widely used metal owing to high electrical conductivity. Additionally, it offers excellent corrosion resistance, which is essential in heat transfer applications. Chromium plating is majorly used for decorative applications in the automotive industry. The precious metals segment is expected to exhibit high growth in the coming years on account of the rising demand for gold and palladium in the electronics and automotive industries.

On the basis of type, the global electroplating market has been classified into barrel plating (mass plating), rack plating, continuous plating, line plating, and others. The barrel plating segment held the largest market share owing to the high plating efficiency, lower equipment cost than the other plating systems, and its ability to process a wide variety of parts using the same equipment.

Based on end-use industry, the global electroplating market has been categorized into automotive, electrical & electronics, industrial machinery, jewelry, aerospace & defense, medical, and others. The automotive industry is expected to be the leading segment during the forecast period. This is mainly attributed to the widespread use of electroplating to deliver corrosion resistant finished components as well as enhance the appearance of the finished parts, such as under-the-hood components, chassis hardware, power steering systems, brake systems, and many others.

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 Market Overview

The Global industrial electroplating Market is projected to be valued at over USD 19.8 billion by the end of 2025 at a CAGR of around 4% during the forecast period. The prominent factor favoring the growth of the global market is the burgeoning demand for metal-plated components in the automotive industry. Electroplating is the preferred process for metal-plating in the automotive industry. Moreover, the surging demand for metal-plated plastics in the manufacturing of various interior and exterior automobile parts such as grilles, light bezels, wheels, emblems, door handles, gear shift knobs, and bumpers is likely to propel the market growth during the review period.

 Competitive Analysis

The leading players in the global industrial electroplating Market are Precision Plating Co. (US), Atotech (Germany), Sharretts Plating Company (US), TOHO ZINC CO., LTD (Japan), Dr.-Ing. Max Schlötter GmbH & Co. KG (Germany), Summit Corporation of America (US), Klein Plating Works, Inc (US), Jing Mei Industrial Ltd. (Hong Kong), Cherng Yi Hsing Plastic Plating Factory Co., Ltd (China)Allied Finishing (US), Allenchrome (England), and Sheen Electroplaters Pvt Ltd (India).

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Triethylene Glycol (TEG) Market Top Companies Financial Performance Analysis Report

The global Triethylene Glycol (TEG) Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

Global Triethylene Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022. Tri-ethylene glycol is an odorless, colorless, hygroscopic liquid and non-volatile in nature. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Key Players:

Huntsman Corporation

China Petroleum & Chemical Corporation

LyondellBasell

SABIC

Indorama Venture

Clariant

ExxonMobil

The Dow Chemical Company

Lotte Chemical Corporation

INEOS Group Limited

Reliance Industries Ltd

Royal Dutch Shell

Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/triethylene-glycol-teg-market/request-sample

Growth Drivers:

Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products.Tri-ethylene glycol is used as vinyl plasticizer, as in-between in the manufacture of polyester polyols and resins, and as a solvent in several various applications.

The factors that propel the growth of the TEG industry include rising demand for solvents and increasing oil & gas investigation activities across the world. On the other hand, there are factors that may hamper the growth of the market including higher derivatives of glycols, and high cost of production. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Product Type Outlook:

Industrial Grade

Other

Application Outlook:

Natural gas dehydration

Solvents

Plasticizers

Polyurethanes

Humectants

Polyester Resins

Others

Regional Outlook:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Asia-Pacific accounted for the major share of the Triethylene Glycol (TEG) Market Size in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising use of gas as a fuel source in India, China, Japan, and South Korea. Improved demand for TEG in the region.

Some of the key players that fuel the growth of the Triethylene Glycol industry comprise ExxonMobil, LyondellBasell, Honeywell International Inc. E.I. duPont de Nemours & Company, 3M, Ineos, Honam Petrochemical Corporation, Shell, SABIC, Clariant, and Reliance Industries Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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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)

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/monoethylene-glycol-market

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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Bio-Based PET Market - Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Market Segmentation

The global bio-based PET market is segmented on the basis of the raw material source, application, and region.

On the basis of the raw material source, the global bio-based PET market is segmented as sugar, molasses, and corn.

Based on the application, the global bio-based PET market is segmented as bottles, consumer goods, automotive, electronics, and others.

Regional Analysis

The global bio-based PET market is segmented into five regions of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The North American region is the leading region on the backdrop of the high demand and manufacturing of PET bottles and automotive in the U.S. and Canada. 

Asia Pacific is the fastest emerging region in the global bio-based PET on account of the raw material availability, low-cost production, and industrial growth in the region.

The demand for the bio-based PET from the automotive industries has augmented the market in Europe.

The growing environment safety issues and the rapid industrialization in the Middle East and Africa region is likely to drive the global market.

Competitive Analysis

Some of the manufacturers operating in the global bio-based PET market are Braskem (Brazil), Gevo, Inc. (U.S.), TEIJIN LIMITED (Japan), Anellotech, Inc. (U.S.), TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company Limited (Thailand), M&G Chemicals (Italy),  NatureWorks LLC (U.S.), Novamont S.p.A (Italy), Plastipak Holdings, Inc. (U.S.), Amyris (U.S.), and Toyota Tsusho Corporation (Japan).

Market Overview

A Bio-based PET is manufactured using mono-ethylene glycol and terephthalic acid and offers properties such as non-toxicity, recyclability, reduced carbon footprint, and high resistance to shattering which are highly useful in various packaging solutions.

The global bio-based PET market size is segmented on the basis of its application such as bottles, consumer goods, automotive, electronics, and others. Around 55% of the bio-based PET is consumed for manufacturing of PET bottles as they are rigid and non-toxic for the storage of beverages such as liquors, soft drinks, mineral water, and others. Increasing beverage consumption across the globe is the major factor influencing the market growth positively. The lightweight property of the bio-based PET has augmented the demand in manufacturing and packaging consumer goods. The changing lifestyle and the increasing demand for consumer goods such as refrigerators, washing machines, TV, home appliances, and others along with the high disposable income are expected to boost the market growth over the review period. This property also makes them useful in the automotive sector for manufacturing door panels, seat fabrics, interior mats, and others, which is anticipated to propel the market growth further. They enhance durability, gloss finish, and dimensional stability in electronic appliances, which, in turn, drives the global bio-based PET market growth. However, factors that may challenge the market growth include irregularity in feedstock supply and lack of cultivable land for corn, sugar, and others.

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Mono Ethylene Glycol Industry | Value, Growth Research, Size, Share, Trend Top Key Players and Outlook 2023

Mono Ethylene Glycol (MEG) Market: Information by Technology (Gas-Based, Naphtha-Based, Coal-Based, and Bio-Based), by Function (Chemical Intermediate, Solvent Coupler, Solvent, and Humectant), by Application (Polyester Fiber, PET Products, Anti-Freeze Coolant, and Industrial), and by Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2025

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.

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.

Regional Analysis

Mono Ethylene Glycol (MEG) Market has been studied across five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia-Pacific accounted for the largest share of the global market in 2018, wherein China is accounting for over 35% of the total market globally.

The regional market is projected to register the highest CAGR during the forecast period owing to the expanding textile and packaging industries in the regional market. The packaging industry in the region is the largest globally and is further expected to multiply on account of the increase in per capita disposable expenditure and rising demand for hygienic packaging in the pharmaceutical and food industries.

Moreover, expanding the automotive industry in the region is further expected to propel the growth of the regional market.

The automotive industry in the economies of India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the MEG in the regional market in the years to follow.

Europe is expected to be the second-largest regional market, which is primarily attributed to the high demand for bio-based MEG for the manufacture of bio-PET. Increasing use of bio-PET in the packaging industry in the regional market owing to the stringent environmental regulations and the increased emphasis on shift from crude oil-derived products to bio-based products. A similar trend is expected to be observed in the North American market during the forecast period.

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.

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.

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Asia Ethylene Glycol Market is estimated to hit 21.29 Million Metric Tons(MMT) by 2023.

According to the new market research report by IndustryARC titled “Asia Ethylene Glycol Market: By Type (MEG, TEG and DEG), By End-User Application (Polyester Fibres, PET bottles/films, Antifreeze and Others) and By Geography - Forecast (2018-2023)”, the market is driven by the continuous strong growth in domestic demand, and supported by an external trade performance in all the countries. Asia’s ethylene glycol market in terms of demand was estimated to be 16.38 Million Metric Tons (MMT) in 2017, and is projected to reach at 21.29 MMT, growing at a CAGR of 4.5% in 2023 due to increase in demand in polyethylene terephthalate (PET) and polyester fiber industries. MEG accounts for 90% of the total ethylene glycol market. Major applications of MEG are in the production of polyester fibers and Polyethylene Terephthalate (PET). 55% of MEG is used to produce polyester fibers, and 26% of MEG is used to produce PET bottles/films. MEG type segment was estimated to be 14.83 MMT in 2017, and is projected to reach 19.56 MMT by 2023 at 4.7% CAGR. China continues to lead the market share during 2018-2023: China accounts for 65% of the total MEG market. China is the dominating country amongst all other countries. China’s MEG market in terms of volume was 10.16 MMT in 2017, and is projected to reach at 14.82 MMT, developing at a CAGR of 6.5% in 2023 due to the growing demand in downstream polyester market and falling crude oil prices. China’s MEG market in terms of revenue was estimated to be $7.8 billion in 2017, and is forecasted to reach $13.6 billion, growing at a CAGR of 7.0% in 2020 due to rising consumption of polyester fibers and resins in the market. India occupies the second major market share as compared to others. As per the current trends, Indian Oil Corporation Limited is planning to start its mono-ethylene glycol plant of capacity 325 KTA, located at its Paradip refinery in Odissa, India. Also, India is projected to register the highest growth rate of 9.5% CAGR throughout the forecast period. To access / purchase the full report browse the link below https://industryarc.com/Report/15017/asia-ethylene-glycol-market.html Selected / Sample Analysis done in the full Report: Chemical manufacturers had slowed down due to lower feedstock costs in establishing Asia based facilities or in cutting the production capacity in order to stabilize the market scenario. Asia’s ethylene glycol production is mostly based upon naphtha route, but China has limited crude oil for the production of material, and it covers the market share in the market. As a result, they are recently focusing on the methods to use its coal reserves as a substitute for its crude oil based feedstock in the chemical industry. The value chain starts with the identification of suitable feedstock for the desired petrochemicals. Oilfield services include a number of auxiliary services in the E&P process, such as seismic surveys, well drilling, equipment supply or engineering projects. They form an important part of the overall oil and gas industry (and over the past years and decades have substantially gained in expertise and importance), but will not be the focus of the overview. Infrastructure such as transport (pipelines, access to roads, rail and ports etc.) and storage are critical at various stages in the value chain, including the links between production and processing facilities, and between processing and final customer. These parts of the value chain are usually referred to as ‘Midstream’. Oil refining and gas processing are required to turn the extracted hydrocarbons into usable products. The processed products are then distributed onwards to wholesale, retail or direct industrial clients [Refining and Marketing (R&M) is also referred to as downstream oil. Certain oil and gas products represent the principal feedstock for the petrochemicals industry, which explains the close historical and geographical links between the two. Individual companies can cover one or more activities along the value chain, implying a degree of vertical integration (integrated firms are engaged in multiple successive activities, typically E&P as well as R&M), and/or can seek to expand within a given activity, implying horizontal consolidation (business scale). Excerpts on Market Growth Factors Mentioned in the Full Report: Demand of MEG is rising due to increasing demand of PET resins, polyester fibers, and antifreeze applications. Escalating demand for PET containers from several commercial and industrial end use markets including packaging industry, due to better strength and impact resistance, is anticipated to certainly drive MEG market. Prompt urbanization and fluctuating lifestyle of consumers, particularly in emerging economies like India and China is driving the packaging industry, which in turn is expected to provide push to the MEG market. Key Players of the Asia Ethylene Glycol Market: SINOPEC GROUP is the key player in the Asia Ethylene Glycol Market. As per the company’s statistics, domestic apparent consumption of synthetic resin and synthetic fiber increased by 8.7% and 7.0% respectively. Asia Ethylene Glycol Market Report is Segmented as below. Asia Ethylene Glycol Market By Type : Monoethylene Glyco Diethylene Glycol Triethylene Glycol Asia Ethylene Glycol Market By End-User: Polyester Fibers PET bottles/films Antifreeze Others Asia Ethylene Glycol Market By Geography ( Covers 5+ Countries ) Asia Ethylene Glycol Market Entropy Companies Cited / Interviewed ROYAL DUTCH SHELL PLC. RELIANCE INDUSTRIES LIMITED INDIAN OIL CORPORATION LIMITED Company 4 Company 5 Company 6 and more. Related Report: Asian Petcoke Market https://industryarc.com/Report/15011/asian-petcoke-market.html South East Asia Propylene Market https://industryarc.com/Report/15016/southeast-asia-propylene-market.html What can you expect from the report? The Asia Ethylene Glycol Market Report is Prepared with the Main Agenda to Cover the following 20 points: Market Size by Product Categories Market trends Manufacturer Landscape Distributor Landscape Pricing Analysis Top 10 End user Analysis Product Benchmarking Product Developments Mergers & Acquisition Analysis Patent Analysis Demand Analysis ( By Revenue & Volume ) Country level Analysis (10+) Competitor Analysis Market Shares Analysis Value Chain Analysis Supply Chain Analysis Strategic Analysis Current & Future Market Landscape Analysis Opportunity Analysis Revenue and Volume Analysis Frequently Asked Questions: Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization Increase the level of data in application or end user industry. Increase the number of countries in geography or product chapter. Find out market shares for other smaller companies or companies which are of interest to you. Company profiles can be requested based on your interest. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Mono Ethylene Glycol Market 2018 –Challenges, Key Vendors, Drivers and Trends by Forecast 2022

Market Research Future published a Half Cooked Research Report on “Global Mono Ethylene Glycol Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

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 GlycolMarket and are profiled in MRFR Analysis.

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 Mono Ethylene 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 Mono Ethylene Glycol followed by North America and Europe in 2016. The Asia Pacific region dominated the Global Mono Ethylene 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 Mono Ethylene Glycol manufacturing units as well as end use industries growth in this region is estimated to propel the Mono Ethylene 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 Mono Ethylene 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.

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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 Market 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 Mono Ethylene 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 Mono Ethylene Glycol to meet the growing demand for Mono Ethylene Glycol.

Access Complete Report @ https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709  

About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com

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Global Mono Ethylene Glycol (MEG) Market Growth after 2017

Qyresearchreports include new market research report Global Mono Ethylene Glycol (MEG) Market Professional Survey Report 2017 to its huge collection of research reports.

The report on the global Mono Ethylene Glycol market offers a comprehensive insight into the current market outlook, emerging demand dynamics, share and size of various segments, and the competitive landscape. The elaborate analysis of the Mono Ethylene Glycol market includes an assessment of various business risks, particularly operational and strategic, affecting the market dynamics in various regions. Various governmental regulations and industry policies affecting the growth trajectory of the market are covered in the study. The key factors influencing the prevailing pricing strategies of products and offerings of major players are highlighted in the analysis. Recent technological advances expected to drive the growth of prominent segments in the Mono Ethylene Glycol market in the coming years are covered in the reports. The study covers the major changes in stakeholder ecosystem and the key factors responsible for the change. The potential consumer patterns in key countries are analyzed in the report and their impact on the strategic landscape is evaluated adequately in the analyses.

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The report on the global Mono Ethylene Glycol market is prepared with the help of a vast spectrum of secondary sources and invaluable inputs and insights of business executives, industry leaders, and CTOs, are obtained through primary sources, including interview. Combining both bottom-up approach and top-down approach, the study assesses market risks and identifies prominent investment trends in the global Mono Ethylene Glycol market. The findings along with the analyses help market participants gain an in-depth understanding of the market dynamics and identify lucrative avenues in various regions. Dwelling on the current and emerging prominent macro- and micro- economic factors affecting the global Mono Ethylene Glycol market, the study arrives at insights and estimations to guide strategy formulation for companies and organizations. Anyone interested in the market can peruse through the report to get clear and evidence-based signals on prominent trends shaping the trajectory.

Table of Contents

Global Mono Ethylene Glycol (MEG) Market Professional Survey Report 2017 1 Industry Overview of Mono Ethylene Glycol (MEG) 1.1 Definition and Specifications of Mono Ethylene Glycol (MEG) 1.1.1 Definition of Mono Ethylene Glycol (MEG) 1.1.2 Specifications of Mono Ethylene Glycol (MEG)

2 Manufacturing Cost Structure Analysis of Mono Ethylene Glycol (MEG) 2.1 Raw Material and Suppliers 2.2 Manufacturing Cost Structure Analysis of Mono Ethylene Glycol (MEG) 2.3 Manufacturing Process Analysis of Mono Ethylene Glycol (MEG) 2.4 Industry Chain Structure of Mono Ethylene Glycol (MEG)

3 Technical Data and Manufacturing Plants Analysis of Mono Ethylene Glycol (MEG) 3.1 Capacity and Commercial Production Date of Global Mono Ethylene Glycol (MEG) Major Manufacturers in 2016 3.2 Manufacturing Plants Distribution of Global Mono Ethylene Glycol (MEG) Major Manufacturers in 2016 3.3 R&D Status and Technology Source of Global Mono Ethylene Glycol (MEG) Major Manufacturers in 2016 3.4 Raw Materials Sources Analysis of Global Mono Ethylene Glycol (MEG) Major Manufacturers in 2016

Complete table of content is available at: https://www.qyresearchreports.com/report/global-mono-ethylene-glycol-meg-market-professional-survey-report-2017.htm/toc

List of Tables and Figures

Figure Picture of Mono Ethylene Glycol (MEG) Table Product Specifications of Mono Ethylene Glycol (MEG) Table Classification of Mono Ethylene Glycol (MEG) Figure Global Production Market Share of Mono Ethylene Glycol (MEG) by Type in 2016 Figure Fiber Grade MEG Picture Table Major Manufacturers of Fiber Grade MEG Figure Industrial Grade MEG Picture Table Major Manufacturers of Industrial Grade MEG Figure Antifreeze Grade MEG Picture Table Major Manufacturers of Antifreeze Grade MEG Table Applications of Mono Ethylene Glycol (MEG)

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Polystyrene Market 2021 Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2027

Industry/ Innovation/ Related News:

September 5, 2017 – Total Petrochemicals & Refining USA, Inc. (U.S.), one of the leading manufacturers of polystyrene, announced that the company has introduced a new high melt strength grade of excessive heat crystal polystyrene for the extruded foam polystyrene sheet market. CX5237 is the name of product, which is specifically manufactured for thermoformed foam polystyrene producers involved in foodservice and packaging products. It is mainly used in these applications to impart lightweight nature and high standard performance to the product. Owing to these factors, the market has been driven by the growing demand for reduced weight products in end-use industries.

June 20, 2016 – Trinseo (U.S.), one of the prominent manufacturers of plastics, latex binders and rubber, declared that the company has produced a general purpose polystyrene (GPPS) specially designed for the medical devices market. The new product STYRON™ 2678 MED Polystyrene Resins is known for exceptional transparency, rigidity, and thermal resistance. Owing to these factors, it is used in a numerous medical device applications such as diagnostic components, petri dishes, and others. Moreover, one of the technical engineers of the company also said that this product is set to dominate the market in the couple of years due to extra degree of safety and high performance offered by resins.

 Polystyrene Market - Regional Analysis

Geographically, Asia-Pacific region holds the majority of global Polystyrene Market. China is the leading country in the market owing to rapid urbanization coupled with extensive use of plastic in heavy end-use industries. Increasing demand for polystyrene in packaging, electronics, consumer goods, buildings & construction, defence and aviation has boosted the market demand in China, India, Japan, South Korea and Taiwan. North America has witnessed a significant growth in the market due to growing demand for the product in plastic and rubber industries. The market in the European region has received a rapid boost due to implementation of rules and regulations to follow light weight products in end-use industries. Additionally, in this region, manufacturers and investors are shifting their focus from conventional plastics to recycled products in major industries.

 Polystyrene Market - Competitive Analysis

The polystyrene market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Polystyrene market is set to grow at a rapid rate which is likely to attract many entrants to the market resulting into strong competition in the future. Manufacturers operating in the polystyrene market are striving to respond to the growing demand for polystyrene product from packaging, electronics, consumer goods, buildings & construction attributed to the recent plant expansion and research & development in the sectors. They ensure to deliver the best quality products based on innovative technologies, solutions, and best practices.

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 Polystyrene Market - Overview

The global polystyrene market is growing with the impulsive pace; mainly due to expanding electronics and packaging industries. According to a recent study report published by the Market Research Future, the global market of polystyrene is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for polystyrene is driven by the region Asia pacific, owing to the growth in the population resulting in to increasing demand for lightweight materials in automotive, packaging and buildings & construction industries among others. Polystyrene is used for roofing, plumbing materials, and other materials due to its superior performance and thermal resistance properties offered by the product. Moreover, polystyrene is mainly used to impart economic nature and high standard performance to the final product.

Rapid urbanization coupled with technology signifies the growth of electronics & packaging industries. Moreover growing industries such as consumer goods, medical devices and defence provide impetus to the polystyrene market growth.

On the other hand, the increasing replacement of heavy metals by lightweight materials is projected to drive the market growth during the forecast period.

Polystyrene is a synthetic polymer formed by the polymerization process of styrene monomers. It is known for hard, brittle, and transparent nature. Polystyrene is prominently used in packaging, electronics, consumer goods, buildings & construction, defence and aviation sectors to produce best quality products in the sectors.

Moreover, polystyrene product is widely used as an insulation material in buildings & construction that is estimated to drive the market over the assessment period.

 Key Players:

Total Petrochemicals & Refining USA, Inc. (U.S.), BASF SE (Germany), Formosa Chemicals & Fibre Corporation (Taiwan), BASF SE (Germany), KUMHO PETROCHEMICAL (South Korea.), Chi Mei Corporation (Taiwan), SABIC (Saudi Arabia), Trinseo (U.S.), Videolar-Innova S.A. (Brazil), and The DOW Chemical Company (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global polystyrene market.

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 Table of Content

1 Executive Summary

2 Market Introduction

2.1 Definition 22

2.2 Scope Of The Study 22

2.3 List Of Assumptions 22

2.4 Market Structure 23

3 Market Insights

3.1 Key Takeaways 25

4 Research Methodology

4.1 Research Process 29

4.2 Primary Research 30

4.3 Secondary Research 31

4.4 Market Size Estimation 31

4.5 Forecast Model 32

5 Market Factor Analysis

5.1 Supply Chain Analysis 34

5.1.1 Raw Material Suppliers 34

5.1.2 Polystyrene Manufacturers 34

5.1.3 Distribution Channel 34

5.1.4 End-Use Application Industry 35

5.2 Porter's Five Forces Analysis 35

5.2.1 Threat Of New Entrants 35

5.2.2 Threat Of Rivalry 35

5.2.3 Threat Of Substitutes 36

5.2.4 Bargaining Power Of Suppliers 36

5.2.5 Bargaining Power Of Buyers 36

5.3 Global Polystyrene Market Pricing Analysis 37

5.4 Trade Analysis 38

 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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 Read More Related Article:

https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709

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Mono Ethylene Glycol (MEG) Market -Global Research, Top Leading Players, Emerging Trends Global Industry Analysis, Share, Growth,  and Forecast 2021-2027

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.

[deepestarbiterwasteland]

Bio-Based PET Market - Share ,Size, Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2022 To 2027

Market Segmentation

The global bio-based PET market is segmented on the basis of the raw material source, application, and region.

On the basis of the raw material source, the global bio-based PET market is segmented as sugar, molasses, and corn.

Based on the application, the global bio-based PET market is segmented as bottles, consumer goods, automotive, electronics, and others.

Regional Analysis

The global bio-based PET market is segmented into five regions of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The North American region is the leading region on the backdrop of the high demand and manufacturing of PET bottles and automotive in the U.S. and Canada. 

Asia Pacific is the fastest emerging region in the global bio-based PET on account of the raw material availability, low-cost production, and industrial growth in the region.

The demand for the bio-based PET from the automotive industries has augmented the market in Europe.

The growing environment safety issues and the rapid industrialization in the Middle East and Africa region is likely to drive the global market.

Competitive Analysis

Some of the manufacturers operating in the global bio-based PET market are Braskem (Brazil), Gevo, Inc. (U.S.), TEIJIN LIMITED (Japan), Anellotech, Inc. (U.S.), TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company Limited (Thailand), M&G Chemicals (Italy),  NatureWorks LLC (U.S.), Novamont S.p.A (Italy), Plastipak Holdings, Inc. (U.S.), Amyris (U.S.), and Toyota Tsusho Corporation (Japan).

Market Overview

A Bio-based PET is manufactured using mono-ethylene glycol and terephthalic acid and offers properties such as non-toxicity, recyclability, reduced carbon footprint, and high resistance to shattering which are highly useful in various packaging solutions.

The global bio-based PET market share is segmented on the basis of its application such as bottles, consumer goods, automotive, electronics, and others. Around 55% of the bio-based PET is consumed for manufacturing of PET bottles as they are rigid and non-toxic for the storage of beverages such as liquors, soft drinks, mineral water, and others. Increasing beverage consumption across the globe is the major factor influencing the market growth positively. The lightweight property of the bio-based PET has augmented the demand in manufacturing and packaging consumer goods. The changing lifestyle and the increasing demand for consumer goods such as refrigerators, washing machines, TV, home appliances, and others along with the high disposable income are expected to boost the market growth over the review period. This property also makes them useful in the automotive sector for manufacturing door panels, seat fabrics, interior mats, and others, which is anticipated to propel the market growth further. They enhance durability, gloss finish, and dimensional stability in electronic appliances, which, in turn, drives the global bio-based PET market growth. However, factors that may challenge the market growth include irregularity in feedstock supply and lack of cultivable land for corn, sugar, and others.

Access Report Details @ https://www.marketresearchfuture.com/reports/bio-based-pet-market-5823

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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Mono Ethylene Glycol Industry | Value, Growth Research, Size, Share, Trend Top Key Players and Outlook 2023

Mono Ethylene Glycol (MEG) Market: Information by Technology (Gas-Based, Naphtha-Based, Coal-Based, and Bio-Based), by Function (Chemical Intermediate, Solvent Coupler, Solvent, and Humectant), by Application (Polyester Fiber, PET Products, Anti-Freeze Coolant, and Industrial), and by Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2025

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.

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.

Regional Analysis

Mono Ethylene Glycol (MEG) Market has been studied across five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia-Pacific accounted for the largest share of the global market in 2018, wherein China is accounting for over 35% of the total market globally.

The regional market is projected to register the highest CAGR during the forecast period owing to the expanding textile and packaging industries in the regional market. The packaging industry in the region is the largest globally and is further expected to multiply on account of the increase in per capita disposable expenditure and rising demand for hygienic packaging in the pharmaceutical and food industries.

Moreover, expanding the automotive industry in the region is further expected to propel the growth of the regional market.

The automotive industry in the economies of India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the MEG in the regional market in the years to follow.

Europe is expected to be the second-largest regional market, which is primarily attributed to the high demand for bio-based MEG for the manufacture of bio-PET. Increasing use of bio-PET in the packaging industry in the regional market owing to the stringent environmental regulations and the increased emphasis on shift from crude oil-derived products to bio-based products. A similar trend is expected to be observed in the North American market during the forecast period.

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.

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.

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Mono Ethylene Glycol Market Analysis | Size and Demand with Forecast Overview to 2025

Mono Ethylene Glycol (MEG) Market: Information by Technology (Gas-Based, Naphtha-Based, Coal-Based, and Bio-Based), by Function (Chemical Intermediate, Solvent Coupler, Solvent, and Humectant), by Application (Polyester Fiber, PET Products, Anti-Freeze Coolant, and Industrial), and by Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2025

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.

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.

Regional Analysis Mono Ethylene Glycol (MEG) Market has been studied across five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia-Pacific accounted for the largest share of the global market in 2018, wherein China is accounting for over 35% of the total market globally.

The regional market is projected to register the highest CAGR during the forecast period owing to the expanding textile and packaging industries in the regional market. The packaging industry in the region is the largest globally and is further expected to multiply on account of the increase in per capita disposable expenditure and rising demand for hygienic packaging in the pharmaceutical and food industries.

Moreover, expanding the automotive industry in the region is further expected to propel the growth of the regional market.

The automotive industry in the economies of India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the MEG in the regional market in the years to follow.

Europe is expected to be the second-largest regional market, which is primarily attributed to the high demand for bio-based MEG for the manufacture of bio-PET. Increasing use of bio-PET in the packaging industry in the regional market owing to the stringent environmental regulations and the increased emphasis on shift from crude oil-derived products to bio-based products. A similar trend is expected to be observed in the North American market during the forecast period.

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.

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.

Access Complete Report @ https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709

Intended Audience

Mono ethylene glycol (MEG) manufacturers

Traders and distributors of mono ethylene glycol (MEG)

Research and development institutes

Potential investors

End users

Nationalized laboratories