#Mono Ethylene Glycol Price

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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.

Get Real time Prices for Mono Ethylene Glycol (MEG): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4

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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Unlocking the Magic of Mono Ethylene Glycol (MEG): From Production to Limitless Possibilities!

Mono ethylene glycol (MEG), also known as MEG or ethylene glycol, might sound like something yummy, but don't be deceived! This popular industrial chemical is a colorless, odorless liquid with a large number of applications. The MEG is involved in many things in our everyday life like keeping your car from freezing in winter to the comfy fleece jackets you love. But is MEG safe? How is it made? And what precisely are all those various applications? In this blog post, we will explore the world of mono ethylene glycol, the fact from the fiction and the science behind this amazing chemical.

𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 𝗠𝗼𝗻𝗼 𝗘𝘁𝗵𝘆𝗹𝗲𝗻𝗲 𝗚𝗹𝘆𝗰𝗼𝗹 (𝗠𝗘𝗚): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4

Introduction

Mono ethylene glycol (MEG), also known by various names like EG, 1,2-ethanediol, or 1,2-Dihydroxyethane, is a clear, colorless liquid with a slightly syrupy texture. Despite its sweet taste, it has almost no smell. This versatile industrial workhorse is easily mixed with water, alcohols, and many other organic compounds. Its biggest jobs? Making polyester fibers for clothing and forming the base for antifreeze, coolants, and aircraft de-icing fluids.

Manufacturing Process

EO REACTION, EO AND CO SCRUBBING SECTION

Ethylene, oxygen, and methane/nitrogen ballast gas are introduced from the battery limits and blended with lean cycle gas before entering a preheating unit, known as the Gas-Gas Exchanger. From there, the gas mixture proceeds to the EO Reactor/Gas Coolers, where approximately 9.6% of the ethylene undergoes conversion per pass. At the start-of-run (SOR), the selectivity of ethylene to ethylene oxide stands at 83.4%. The reactors generate ethylene oxide, which is then extracted from the exit gas of the EO Reactor/Gas Coolers using lean cycle water, with the resulting rich cycle water directed to the EO Stripping Section. The scrubbed cycle gas is directed through the CO2 Contactor Section of the Wash Tower to eliminate carbon dioxide produced in the EO Reactor/Gas Coolers. The gas, now depleted of CO2, is recompressed and returned to the EO Reactor/Gas Coolers. Heat generated by the reaction is dissipated by boiling water on the shell side of the multi-tubular reactors, facilitated by thermo-syphon action driving water circulation through the reactors' shell side. The steam-water mixture from the reactors' shell side is directed to steam drums, where makeup boiler feed water is preheated and steam is separated from water, subsequently being routed to the steam header.

CO2 REMOVAL SYSTEM SECTION

The concentrated carbonate solution from the Carbonate Solution Exchanger, which is part of the EO and CO2 Scrubbing Section, undergoes regeneration at nearly atmospheric pressure through the use of stripping steam. Following regeneration, the revitalized lean carbonate solution is reintroduced into the CO2 Contactor Section of the Wash Tower within the EO and CO2 Scrubbing Section, where it resumes its role in absorbing CO2.

EO STRIPPING AND EO REABSORPTION SECTION

The concentrated solution of ethylene oxide in the rich cycle water undergoes preheating prior to its introduction into the Stripping Column, where the ethylene oxide is separated. Subsequently, the depleted or lean cycle water is pumped through a sequence of heat exchangers to cool it down before being returned to the Scrubber Section of the Wash Tower within the EO and CO2 Scrubbing Section. A portion of this water is diverted as a bleed stream and directed to the glycol unit to eliminate the glycol accumulated in the cycle water loop. The ethylene oxide present in the vapor overhead from the Stripping Column is reabsorbed through contact with chilled process water in the Reabsorber. The vapor recovered from the Reabsorber is compressed back into the cycle gas system by the Reclaim Compressor, while the remaining liquid is transferred to the Glycol Feed Stripper in the Glycol Reaction Section.

GLYCOL REACTION AND GLYCOL EVAPORATION SECTION

The ethylene oxide solution retrieved from the Re-absorber is directed to the Glycol Feed Stripper to eliminate CO2. The resulting CO2-free stream is then heated and introduced into the Glycol Reactor. The output from the reactor is channeled into the initial stage of a Seven Effect Evaporator System. The bleed from the cycle water and the MEG Column Condenser blow down are treated in a Cycle Water Treating Unit before being utilized in the evaporator system as reflux. The condensate produced by the evaporator reboilers is employed to heat the feed for the Glycol Reactor before being transferred to the Recycle Water Tank. The vapor discharged from the Fifth Effect Evaporator, known as extraction steam, is utilized in the Regenerator Extraction Re-boiler. The vapor from the Sixth Effect Evaporator serves as stripping steam for both the Stripping Column and Glycol Feed Stripper, also assisting in reboiling the Sixth Effect Evaporator bottoms and heating the feed for the Glycol Reactor. The vapor from the Vacuum Effect Evaporator is condensed, with a portion returning to the column as reflux, another portion serving as reflux for the Drying Column within the Glycol Drying Section, and the rest directed to the Recycle Water Tank. The concentrated glycol extracted from the Vacuum Effect Evaporator is pumped into the Drying Column for the removal of residual water.

GLYCOL DRYING AND GLYCOL PURIFICATION SECTION

• The raw moist glycol undergoes drying via vacuum distillation within the Drying Column. The residue from the Drying Column is directed to the MEG Column, where a high-quality fiber-grade mono-ethylene glycol product is extracted as a side stream near the upper part of the column. This product is then cooled and stored in the MEG Rundown Tanks before being subsequently transferred to storage. • The residual glycol from the MEG Column is routed to the MEG Splitter, where any remaining MEG is separated from the heavier glycols and returned to the Vacuum Effect Evaporator for recycling. The bottom output from the MEG Splitter is transferred to the DEG Column within the DEG and TEG Purification Section for the separation of Diethylene Glycol (DEG) and triethylene glycol (TEG).

DEG AND TEG PURIFICATION SECTION

The heavier glycols present in the bottom stream of the MEG Splitter undergo distillation in the DEG Column, where the Diethylene Glycol (DEG) product is collected as the overhead stream. Following collection, the DEG product is cooled and stored in the DEG Rundown Tanks before being pumped to storage. The residue from the DEG Column is then directed to the TEG Column for further distillation, where the triethylene glycol (TEG) product is obtained as the overhead stream. Once collected, the TEG product is cooled and stored in the TEG Rundown Drums prior to pumping to storage. The bottom output from the TEG Column, which contains the poly-glycols, is stored in the PEG Drum

𝗚𝗲𝘁 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗙𝗼𝗿 𝗠𝗼𝗻𝗼 𝗘𝘁𝗵𝘆𝗹𝗲𝗻𝗲 𝗚𝗹𝘆𝗰𝗼𝗹 (𝗠𝗘𝗚): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4

Major Applications of Mono Ethylene Glycol

1. Chemical Intermediates

MEG, a crucial component for Polyethylene Terephthalate (PET) production, plays a vital role in manufacturing PET items like Polyester film and PET bottles, commonly utilized in food and beverage packaging. These PET products boast complete recyclability and are certified safe for food and beverage use. The purity of MEG directly impacts PET quality, and GC-produced MEG stands out with an impressive purity level of 99.9% by weight, ensuring the production of premium PET material.

2. Polyester Fibres

Monoethylene glycol (MEG) is the essential building block for polyester fibers, commonly used in clothing and textiles. The purity of MEG significantly impacts the quality of the final polyester fiber. High-purity MEG, like that produced by GC Glycol (at 99.9% wt), is key to creating top-quality polyester fibers. These polyester fibers are known for their strength and comfortable wear. They are also easy to care for, wrinkle-resistant, and can be blended with other fibers to add specific properties as needed.

3. Coolants

Monoethylene glycol (MEG) plays a critical role in engine coolant formulations. By significantly elevating the boiling point of the water mixture, MEG enhances the cooling system's ability to regulate engine temperature. This dual functionality safeguards the engine from overheating in hot weather and freezing in cold climates, ensuring optimal performance and longevity.

4. De-icing and Coolants

Monoethylene glycol (MEG) finds critical application within the industrial sector, particularly in antifreeze formulations. Its exceptional ability to depress the freezing point of water makes MEG a key component in coolants, aircraft anti-icers, and deicers. This ensures optimal performance and protection in environments susceptible to freezing temperatures.

Market Outlook

Mono Ethylene Glycol (MEG) market is driven by its remarkable versatility and high demand across various industries. Renowned for its durable, hydrophobic, and tenacious properties, MEG serves as a pivotal ingredient or feedstock in the production of Polyester Fibers, Polyester Films, Polyethylene Terephthalate (PET), antifreeze products, Coolants, solvents, and more. Its humectant nature also finds application in paper, printing inks, leather, fibers treatment, and cellophane industries. With a broad spectrum of end-use sectors including Textile, Packaging, Cosmetics, Pharmaceuticals, Food and Beverage, Automobile, Chemicals, Adhesives & Sealants, and others, MEG plays a vital role. Majority of the globally produced MEG contributes significantly to Polyester Fibers, closely followed by Polyethylene Terephthalate (PET) and Polyester films, cementing its status as a cornerstone of industrial chemistry, fostering innovation, and driving growth across diverse markets.

Mono Ethylene Glycol Major Global Players

Significant players in the Global Mono Ethylene Glycol market are Nan Ya Plastics, Mitsubishi Chemical Corporation, Reliance Industries Limited, Eastern Petrochemical Company (SHARQ, Shell Chemicals, MEGlobal, Huntsman Corporation, Lianyungang Petrochemical, Hengli Petrochemicals Co.,Ltd, Jubail United Petrochemical company, INEOS and Others

Conclusion:

In conclusion the Mono Ethylene Glycol (MEG) market is likely to grow because of its versatility and numerous applications in different industries. MEG is a very important ingredient in the production of Polyester Fibres, Polyester Films, Polyethylene Terephthalate (PET), antifreeze products, Coolants, solvents, and more due to its properties such as durability, hydrophobicity, and tenacity. Its humectant property makes it even more useful in the industries like paper, printing inks, leather, fibres treatment, and cellophane manufacturing. As a key ingredient or feedstock, MEG has become an indispensable part of sectors such as Textile, Packaging, Cosmetics, Pharmaceuticals, Food and Beverage, Automobile, Chemicals, Adhesives & Sealants, and others. The large worldwide need for MEG proves its importance in the innovation and growth of these industries. The market structures are still changing, and MEG is still the main industry of industrial chemistry, which is ready to face the challenges and opportunities of the future markets.

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Ethane Market: Current Analysis and Forecast (2023-2030)

Skyrocketing energy prices and a restricted supply of cheap natural gas and raw materials from Russia to Europe have benefitted the US with price advantages and increased the US ethylene export. Today, the US exports 15 percent of its annual ethane production, in volume terms is around 7.7 million tons, where elevated oil prices have increased the attractiveness of exploration of unconventional gas resources. Going forward, with the rich Natural Gas Liquids (NGL) deposits that the US possesses, the supply of ethane is further going to increase across the globe. Moreover, the export of other C2 value chain products from the US is also set to rise, products such as polyethylene, mono ethylene glycol (MEG), and ethylene dichloride (EDC)/ polyvinyl chloride (PVC) will have continued growth in exports because of the price differential of ethane, and naphtha feedstock as well as due to the energy setbacks in other regions like Europe.

According to the Universal Data Solutions analysis, the surge in the demand for ethylene-based packaging products and the associated surge in the demand for ethylene-based construction materials will drive the global scenario of ethane production and as per their “Global Ethane Market” report, the global market was valued at USD 13.38 billion in 2022, growing at a CAGR of 4% during the forecast period from 2023 - 2030 to reach USD XX billion by 2030. 

Middle Eastern Market Current Developments with Gas Discoveries and Green Hydrogen in the Ethylene Market: Since Naphtha is traded worldwide and is a liquid feedstock, producers in the Middle East do not enjoy a cost advantage when using Naphtha crackers. Subsequently, Ethylene production Middle Eastern region is mainly based on Ethane. The long-term competitiveness of the regional petrochemical industry depends largely on the degree of exploitation of the recently explored gas reserves, which are abundant in Natural Gas Liquids (NGLs). However, these new Ethane resources face competition with US Ethane, as some are in unconventional fields that demand scale and a learning curve over a period of years in order to reduce and bring the production cost to a competitive level. The Middle East is also exploring the possibility of conversion of liquids to chemicals on a large scale, thus enabling more locally produced crude to be directed towards chemicals and reducing the dependency on transportation fuels. The countries in the region are aware of the fact that technology and scale are the two key factors that can make liquid cracking competitive in the global arena.

Further, another factor that is compelling ethylene producers to push their boundaries in order to stay competitive in the global markets, especially in the European and North American markets, is the decarbonization of the industry. Given the edge, the Middle Eastern region has due to the access to low-cost solar energy, the Middle East is well positioned and has proactively started the decarbonization of the domestic chemicals market.

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However, the basic chemicals and plastic industry is facing a downturn due to high feedstock and energy prices, leading to contracting profit margins. The industry is also suffering because of its polluting nature and restrictions getting imposed globally, arising questions about the economic viability of naphtha-based ethylene production and further, will lead to systemic significant changes affecting the market.

Conclusion

Despite the hurdles, the future of ethane is undeniably bright. This is mainly due to the increasing use of ethylene for films & and sheets in the packaging industry. LDPE is used in the production of food and non-food packaging. Furthermore, films & and sheets have low toughness, stiffness, and strength, and high ductility. This plastic has a high density, sturdy construction, and long life. Hence, they are also used in the manufacturing of tubes, vessels, bubblers, dosing bottles, and molded laboratory equipment due to their property of being opaque. Hence, all these factors are contributing to the growth of the ethylene market which is automatically driving the demand for ethane higher, as ethane is primarily used in the steam cracker as a feedstock for ethylene synthesis.

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Loop Industries and Ester Industries partner to build an Infinite Loop manufacturing facility in India

Loop Industries, a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (“Ester”), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (“India JV”). The purpose of the India JV is to build and operate an Infinite Loop India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (“rDMT”), recycled mono-ethylene glycol (“rMEG”) and specialty polymers in India, using the Infinite Loop technology which offers significant advantages over traditional mechanical PET recycling.

Loop Industries and Ester Industries have a well-established working relationship, with Ester producing Loop PET for Loop's global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester's nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.

The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.

The rDMT and rMEG product offerings manufactured at the Infinite Loop India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop's existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.

The India facility will leverage the Infinite Loop technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.

The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.

Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop's technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”

Loop Industries Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and Polyester fiber and provides our customers with a sustainability-linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.

The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest-growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.

This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value."

1 This data is for the India LCA excluding the avoided waste disposal

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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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Mono Ethylene Glycol Market on the Rise: Projected 3.2% CAGR Growth 2023-2030

The global Mono Ethylene Glycol (MEG) market has experienced significant expansion during the historic period from 2015 to 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period until 2030. This growth is primarily attributed to the increasing demand from various end-use industries, including Polyester Fibre and Yarn, PET Resin, and Polyester Film.

Mono Ethylene Glycol (MEG) is a slightly viscous, colorless, odorless organic compound with a sweet taste. It is also known as 1,2-ethanediol and is soluble in most organic compounds, alcohols, and water. MEG is mainly produced from Ethylene through the hydrolysis of Ethylene Oxide, along with the production of two co-products, Diethylene Glycol (DEG) and Triethylene Glycol (TEG). The feedstocks used for MEG production include natural gas, coal, naphtha, and bioethanol. MEG has various niche applications in resins, deicing fluids, heat transfer fluids, automobile antifreeze and coolants, water-based adhesives, latex paints, asphalt emulsions, electrolytic capacitors, textile fibers, pulp, and leather.

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Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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[chemical-iran]

Unlock endless possibilities with Mono Ethylene Glycol (MEG) – the ultimate solution for polyester resin, fibers, films, and more! 

Discover excellence with our high-quality MEG straight from our cutting-edge manufacturing facilities! Get exclusive fiber, coolant, PET, and anti-freeze grades at unbeatable prices! As a leading supplier & exporter of MEG, we go the extra mile for our bulk customers. We customize your packaging on solo partnership contracts! 

Don't miss out on this incredible opportunity. Contact us now to place your order!

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[chemanalystsblog]

Mono Ethylene Glycol prices climbed higher in Asia on Tuesday. The price rise was triggered by improved regional buying sentiment and limited product supply. The demand for MEG is high in the Asian markets and the demand is expected to remain strong given that the demand for downstream sectors is rising in Asia.  CFR South-East Asia MEG prices were assessed higher at the USD 675 per tonne which also showed a day on day increase of USD 10 per tonne. Moreover, the feedstock ethylene prices were assessed to be steady at USD 1135 per tonne.

[petnews2day]

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

About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

Story continues

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

[chemanalystdata]

Mono Ethylene Glycol (MEG) Prices | Pricing | Trend | News | Database | Chart | Forecast

 Mono Ethylene Glycol (MEG) is an essential chemical compound widely used in various industries, including automotive, textiles, and packaging. Its versatility and significant role in the production of antifreeze, polyester fibers, and plastics make it a vital component in many applications. However, MEG prices have been experiencing fluctuations influenced by various factors, including supply and demand dynamics, raw material costs, and global economic conditions. Understanding the trends and drivers behind MEG pricing is crucial for businesses that rely on this compound for their production processes.

One of the primary factors impacting MEG prices is the cost of raw materials, particularly ethylene, which is derived from petroleum. Ethylene prices often correlate with crude oil prices, which are subject to volatility due to geopolitical tensions, changes in OPEC production levels, and global demand shifts. As oil prices rise, the cost of producing ethylene increases, consequently affecting the price of MEG. Conversely, when oil prices decline, the production costs for MEG can decrease, leading to lower prices in the market. This correlation makes monitoring crude oil trends essential for predicting MEG price movements.

Get Real Time Prices for Mono Ethylene Glycol (MEG): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4

Supply and demand dynamics also play a crucial role in determining MEG prices. The global demand for MEG has been steadily increasing due to its application in the production of polyester fibers, which are widely used in textiles and apparel. Additionally, MEG is a key ingredient in producing antifreeze and coolants used in automotive applications. 

Another significant factor affecting MEG pricing is the impact of government policies and regulations. Environmental regulations aimed at reducing carbon emissions and promoting sustainability have led to increased scrutiny of chemical production processes. As industries adapt to these regulations, the costs of compliance may impact production expenses, ultimately affecting MEG prices. Additionally, any changes in trade policies, tariffs, or import/export regulations can create uncertainty in the market, influencing MEG pricing strategies for manufacturers and suppliers.

In recent years, technological advancements in production processes have contributed to changes in MEG pricing. Innovations in the manufacturing of ethylene and the subsequent production of MEG can lead to more efficient processes, reducing overall production costs. As companies adopt these technologies, the competitive landscape may shift, resulting in price adjustments for MEG in response to improved production efficiencies. Monitoring these technological developments is essential for industry stakeholders to anticipate potential price changes.

Furthermore, global economic conditions significantly influence MEG pricing trends. Economic growth in major markets, such as China and India, drives increased demand for MEG across various sectors. As these economies expand, the need for products containing MEG, such as textiles and plastics, surges, pushing prices higher. Conversely, economic downturns or recessions can lead to reduced demand, resulting in a downward trend in MEG prices. The interconnectedness of global markets means that fluctuations in one region can have ripple effects on MEG pricing worldwide.

Market participants must also consider the role of speculation and trading activities in influencing MEG prices. Investors and traders in commodity markets often react to news and trends, driving prices up or down based on their expectations of future supply and demand. Speculative trading can lead to short-term volatility in MEG prices, making it challenging for businesses to forecast costs accurately. Companies reliant on MEG for their production processes should adopt strategies to hedge against price fluctuations and minimize potential financial risks associated with price volatility.

In conclusion, the prices of Mono Ethylene Glycol (MEG) are influenced by a complex interplay of factors, including raw material costs, supply and demand dynamics, government regulations, technological advancements, and global economic conditions. As industries continue to evolve and adapt to changing market conditions, businesses must stay informed about these factors to navigate the challenges associated with MEG pricing. Understanding the trends and drivers behind MEG prices not only helps companies make informed purchasing decisions but also enables them to develop strategies for managing costs effectively in an ever-changing market landscape. Keeping abreast of market developments and adopting proactive approaches to supply chain management can position businesses for success in a competitive environment, ensuring they remain resilient amidst fluctuating MEG prices.

Get Real Time Prices for Mono Ethylene Glycol (MEG): https://www.chemanalyst.com/Pricing-data/mono-ethylene-glycol-4

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[namansharma0950]

モノエチレングリコール Mono Ethylene Glycol（MEG）価格の最新動向、市場指数、予測

モノエチレングリコール (Mono Ethylene Glycol (MEG) は、ポリエステル繊維やポリエチレンテレフ���レート (PET) 樹脂の製造など、幅広い産���用途を持つ多用途の有機化合物です。繊維、包装、および関連産業に携わる企業にとって、Mono Ethylene Glycol (MEG) の価格に影響を与える要因を理解することは非常に重要です。

モノエチレングリコールの世界的な需要

Mono Ethylene Glycol (MEG) の世界的な需要は、主に以下の用途によって推進されています。

ポリエステル繊維: これは Mono Ethylene Glycol (MEG) の最大の最終用途であり、ポリエステル繊維は繊維、衣類、家庭用家具に広く使用されています。

ポリエチレンテレフタレート (PET) 樹脂: ペットボトル、食品包装、その他の包装用途の PET 樹脂の製造に使用されます。

不凍液および冷却剤: 自動車および産業用途の不凍液および冷却剤の主要成分として使用されます。 モノエチレングリコールの価格に影響を与える要因

Mono Ethylene Glycol (MEG) の価格設定には、いくつかの要因が影響します。

エチレンオキシド (EO) の価格: エチレンオキシドは Mono Ethylene Glycol (MEG) 生産の主要原料です。EO 価格の変動は、Mono Ethylene Glycol (MEG) 生産コストに直接的かつ重大な影響を及ぼします。

リアルタイムで  モノエチレングリコール (Mono Ethylene Glycol (MEG) 価格: https://www.analystjapan.com/Pricing-data/monoethylene-glycol-meg-49

エチレンの価格: エチレンは EO の原料であるため、エチレンの価格は間接的に Mono Ethylene Glycol (MEG) の価格設定に影響を与えます。

原油および天然ガスの価格: エチレンは原油または天然ガスから得られるため、これらの原料の価格は間接的に Mono Ethylene Glycol (MEG) の価格設定に影響を与えます。

需給動向: 世界的な経済状況、繊維および包装製品に対する消費者の支出、および気象パターン (不凍液の需要に影響を与える) は、Mono Ethylene Glycol (MEG) の需要に影響を与えます。供給は、工場のメンテナンス、計画外の停止、および生産能力によって影響を受ける可能性があります。

地政学的要因: 貿易摩擦、地政学的リスク、およびサプライ チェーンの混乱は、Mono Ethylene Glycol (MEG) の入手可能性と価格設定に影響を与える可能性があります。 生産能力と技術: 生産技術の進歩と世界の生産能力の変化は、供給と価格に影響を与える可能性があります。 現在の市場動向と価格見通し

Mono Ethylene Glycol (MEG) 市場は、世界経済の成長、繊維および包装品に対する消費者支出、気象パターンと密接に結びついています。特に発展途上国における飲料ボトルおよび包装用の PET の需要増加は、Mono Ethylene Glycol (MEG) 需要の主な推進力です。持続可能な包装および繊維リサイクルの動向も市場に影響を与えています。

最新のモノエチレングリコール価格と市場動向を常に把握するには、次のことをお勧めします。

エチレンオキシドとエチレンの価格を監視する: これらの主要な原料の価格を追跡することは、Mono Ethylene Glycol (MEG) 価格の動向を理解するために不可欠です。

業界の専門家に相談する: 石油化学市場のアナリストとコンサルタントは、市場の動向に関する貴重な洞察を提供します。

業界ニュースとレポートをフォローする: 石油化学業界、繊維市場、包装業界、および関連する最終用途セクターに関連するニュースを追跡することで、貴重な市場情報を得ることができます。 Mono Ethylene Glycol (MEG) 価格に影響を与える要因を理解し、市場の動向に関する情報を常に把握することで、企業はこの重要な化学物質の調達と使用に関して、より情報に基づいた意思決定を行うことができます。

ANALYST JAPAN

Call +1 (332) 258- 6602 1-2-3 Manpukuji, Asao-ku, Kawasaki 215-0004 Japan

Website: https://www.analystjapan.com

Email: sales@analystjapan.com

[chemanalysta]

The PSF market showed mixed sentiments throughout Q1-2022, with demand increasing in the first and last month of the first quarter. Rise in prices of raw material Purified Terephthalic Acid cost and Mono-Ethylene glycol as crude oil prices rose, which triggered further growth in the PSF market. Later, due to the low production in Mexico, the United States dependency on Mexico limited the availability of the goods in the domestic market. Further, supply disruptions and port congestion with high transportation costs on goods export made it impossible to meet the demand in the domestic market, and therefore Polyester Filament Yarn Prices in the North American region in the first quarter was firmed and were assessed at USD 1453 CFR Texas in February 2022.

[industry365]

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.

Get Discount offer: https://www.polarismarketresearch.com/industry-analysis/glycols-market/request-for-discount-pricing

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

Buy Now: https://www.polarismarketresearch.com/checkouts/5521

[chemicalresearch12]

Evolving Dynamics: Ethylene Market's 4.09% CAGR Story

According to the ChemAnalyst report titled "Global Ethylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035," the ethylene market is poised for significant expansion and is expected to reach 260 million tonnes by 2035. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 4.09% during the forecast period. The increasing demand for ethylene across various end-use industries, including Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene, and others, is expected to drive the demand for ethylene in the years to come, with the polyethylene manufacturing sector leading the global ethylene market.

>> Click Here To Read Full Report: https://www.chemanalyst.com/industry-report/ethylene-market-638

Ethylene is a colorless gas with a fruity smell and is produced through the steam-cracking process of feedstocks such as ethane and naphtha. This process involves pyrolysis, which is highly endothermic and occurs at temperatures around 750 degrees Celsius. Ethylene finds applications in various industries, including agriculture, chemical synthesis, and as a refrigerant in petrochemical industries and a fuel gas in welding and cutting processes. In agriculture, it is used to ripen fruits such as tomatoes, bananas, and mangoes.

The primary driver of the global ethylene market is the polyethylene industry. Polyethylene is known for its excellent chemical and abrasion resistance, low friction coefficient, lightweight properties, and minimal water absorption. It is widely used in the food and beverage sector for packaging, including grocery bags, toys, cable insulation, squeeze bottles, cups, bowls, and housewares. The increasing urban population and the growing demand for ready-to-eat products are expected to boost the polyethylene market, driving the demand for ethylene. Additionally, ethylene is used as a precursor for the synthesis of ethylene oxide, which is used to produce compounds such as (mono)ethylene glycol and ethylene amines.

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Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, 

Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. 

The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. 

With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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