Infinium Global Research Monoethylene Glycol Market Global Industry Analysi | Page 8

Monoethylene Glycol Market: Global Industry Analysis, Trends, Market Size and Forecasts
up to 2023
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.
Among applications Polyesters Fibres dominated the Monoethylene Glycol Market. This
segment provide massive demand for Monoethylene Glycol due to high use in textile
industry. Also, rising production of PTE and Polyester leading towers the growth in need for
Monoethylene Glycol.
GLOBAL MONOETHYLENE GLYCOL MARKET, 2015 – 2023 (USD MILLION )
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Monoethylene Glycol Market is expected to experience rapid growth globally. 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. The global market size of Monoethylene Glycol in terms of value was
USD 25billion in 2015.
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