Mono Ethylene Glycol Market Sales Strategy, Revenue Generation : Top 10 Key Players & Forecast to 2023
Mono Ethylene Glycol Market research report spread across 135 Pages consist 45 Tables and 11 Figures also include Top 10 Global key players that sharing latest types, technology, application by 2023.
Pune, India -- (SBWire) -- 09/07/2018 --Mono ethylene glycol is nowadays known as significant raw material for numerous industrial applications such as fiber, polyethylene terephthalate (PET), film, anti-freeze, and other. Furthermore, MEG is required in the various end use industry such as textile industry, plastic industry, packaging industry, and other. As a result the dominant end-use segment of mono ethylene glycol is the production of polyester (PET) resins due to packaging and bottles, films and fibers. Another important MEG. Furthermore, mono ethylene glycol based Antifreeze is toxic to animals, large number of animals have died after consuming the liquid which is used in engines coolants, because of property of mono ethylene glycol that antifreeze contains which is extremely poisonous to both people and animals.
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Key players of the global mono ethylene glycol market are: The Dow Chemical Company (US), Reliance Industries Limited. (India), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), BASF SE (Germany), India Glycols Limited. (India), LyondellBasell Industries Holdings B.V. (Europe), Chemtex Speciality Limited (India), ExxonMobil Chemical Company (US), Eastman Chemical Company (US), Huntsman Corporation Chemical manufacturing company (US), and others.
The growing demand for monoethylene glycol in the production of polyester fiber and polyethylene terephthalate (PET) is the major factor influencing the market growth. Around 55% of monoethylene glycol is consumed for the production of polyester fiber, and 25% goes into the polyethylene terephthalate (PET). The increasing use of polyethylene terephthalate in packaging items such as tetra packs and bottles due to its bio-degradability is likely to drive the market growth. The growing industrial sector such as manufacturing, agriculture, mining, and others across the globe is another factor propelling the global mono-ethylene glycol market growth. Some of the noted trends in the global mono-ethylene glycol market include product launch and process developments, for instance, the new product launches such as Accepta 870X and 8703 in the year 2017 by Accepta Ltd are high-performance industrial antifreeze based on monoethylene glycol, which can protect engineered systems to extremely low temperature as -50ºC.
Mono Ethylene Glycol manufacturers
Traders and distributors of mono ethylene glycol
Production Process industries
Raw material suppliers
Additionally, Shell Global developed a new catalytic process called OMEGA (Only MEG Advantage) for producing mono-ethylene glycol from ethylene oxide, which produces virtually no byproducts and achieves an efficiency of 99% conversion. This process utilizes 20% less steam and 30% less water than the traditional thermal conversion process, which reduces the carbon dioxide emission per ton of MEG produced. However, the volatility in raw material cost and health hazards related to the product use may prove to be a challenging for the market growth. Nevertheless, the production of bio-based MEG from sugar are likely to provide substantial opportunities to the market growth over the assessment period.
Study Objectives of Mono ethylene glycol Market :
To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Mono ethylene glycol Market
To understand the supply and demand dynamics including supply and consumption concentration mapping
To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
To provide competitor positioning of the market
To provide company profiling of major players in the market along with their production and capacity
To provide regional trade analysis
To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
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At present, APAC is the leading regional mono ethylene glycol market, and the region is expected to continue its leading position in the forecasted period due to having large number of fibers and textile producers in the region. China, India and Taiwan are the key mono ethylene glycol consumer countries in the APAC region. Above all China causes for the biggest market share in the Asia-Pacific mono ethylene glycol market. North America led to second position for the mono ethylene glycol market due to increasing demand in fiber and Anti-Freeze and packaging industry. Mono ethylene glycol highly demand in APAC followed by North America, Europe, Middle East and South Africa. Which are close competitors in terms of consumption of mono ethylene glycol.
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