A latest report has been added to the wide database of Monoethylene Glycol Market by Infinium Global Research. This report studies
the Monoethylene Glycol Market by grades (polyester grade, industrial grade, antifreeze grade and low conductivity grade), by
applications (polyester resin, polyester fibers, antifreeze & coolants, chemical intermediates, heat transfer fluids) market status and
outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of
different segments & countries in recent years and to forecast the values for the next six years. Monoethylene Glycol Market provides
opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and
product offerings of the major companies in the Monoethylene Glycol Market.
Market insights
The global monoethylene glycol market was sized over USD 25 billion in 2015. The global monoethylene glycol market is projected to
grow with a CAGR between 6.0% and 6.5% during 2017-2023. Increasing demand of mono ethylene glycol in end use industries such as
consumer goods, construction, automotive, pharmaceutical, textiles and chemical remains the key factor driving the growth of global
mono ethylene glycol market. In addition, increasing use of mono ethylene glycol in polyester fiber and polyethylene terephthalate is
likely to drive the growth of market. Furthermore, rapid urbanization and changing lifestyle of consumers especially in emerging
economies such as China, India, Mexico and Brazil has been driving the polyethylene terephthalate, one of the key materials used in
packaging sector which in turn is projected to boost the global mono ethylene glycol market over the forecast period. Moreover,
fluctuation in prices of raw materials and sustainability issues related to mono ethylene glycol are the key factors restraining the
growth of this market. Increasing popularity of bio based MEG and increasing R&D of ecofriendly alternatives that can help in removing
the toxic nature of mono ethylene glycol are likely to bring more opportunities to this market.
Segments covered:
The report segments the monoethylene glycol market by grades and by applications. Monoethylene glycol market segmentation based
on different grades include polyester grade, industrial grade, antifreeze grade and low conductivity grade. Moreover, the global
monoethylene glycol market based on application is segmented into polyester resin, polyester fibers, antifreeze & coolants, chemical
intermediates, heat transfer fluids and others.