Monoethylene glycol (MEG) is produced from ethylene, a downstream product of crude oil and natural gas. Ethylene-intermediator ethylene oxide is hydrated to monoethylene glycol. The monoethylene glycol market is expected to expand significantly due to strong growth of polyethylene terephthalate (PET) in the packaging industry coupled with increasing production of polyester fibers in Asia Pacific.
Albany, NY -- (SBWIRE) -- 06/02/2016 -- Monoethylene glycol is a colorless, odorless, and barely viscous liquid that is miscible in water, aldehydes, alcohols, and many other organic compounds. It is an organic compound used primarily as a raw material in the manufacture of polyethylene terephthalate resins (PET), which are employed in bottles and polyester fibers in the fabric industry. It cannot dissolve heavy petroleum and vegetable oils, cellulose acetate, and rubber. Monoethylene glycol is low volatile and hygroscopic compared to glycerol at room temperature. Monoethylene glycol in its pure form is a colorless liquid with sweet taste. Ethylene glycol production is carried out from ethylene through the intermediate ethylene oxide.
This report provides detailed analysis and forecast of the monoethylene glycol (MEG) market on a global and regional level from 2015 to 2023. On the global level, the market has been segmented based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. In order to provide in-depth understanding of the market at the regional level, the demand for monoethylene glycol has been forecast in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. The report includes drivers and restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various opportunities for market growth at the global and regional level.
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The report thoroughly analyzes the value chain to provide detailed understanding of the market. Additionally, it covers Porter's Five Forces model, which offers an insight into the intensity of competition in the market. The study also comprises market attractiveness analysis, wherein various end-users are benchmarked based on their market size, growth rate, and general attractiveness.
We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of our research efforts coupled with an extensive secondary research. We reviewed key players' annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trade, Internet sources, trade associations, and statistical data from government websites and associated and authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants' insights, and recognizing opportunities and growth.
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Inflation is not a part of pricing in this report. This report provides the size of the monoethylene glycol market for 2014 and forecast for the next eight years (from 2015 to 2023). The global market size of monoethylene glycol is presented in terms of volume and revenue. Market volume and revenue have been estimated and forecast in kilo tons and US$ Mn, respectively. Market numbers are estimated on the basis of various key applications of monoethylene glycol. Market size and forecast of each segment is provided in the context of the global as well as regional markets.
The market has been segmented based on various applications. Each segment has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. Additionally, the segments have been analyzed and forecast based on current trends at the global and regional level. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Demand has been analyzed and forecast based on the current trends for the period of eight years.
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The report includes profiles of leading companies such as Saudi Arabia Basic Industries Corporation (SABIC), Royal Dutch Shell plc, Reliance Industries Limited, Nan Ya Plastics Corporation, Mitsubishi Chemical Corporation (MCC), BASF SE, The Dow Chemical Company, and LyondellBasell Industries N.V.
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