Infinium Global Research Monoethylene Glycol Market | Page 3

Monoethylene Glycol Market: Global Industry Analysis, Trends, Market Size and Forecasts
up to 2023
Introduction
Report Description
The Global Monoethylene Glycol Market was sized near USD 25 billion in 2016. The global
monoethylene glycol market is projected to grow with a CAGR of 6.5% during 2017-2023.
Monoethylene glycols are colorless, essentially odorless stable liquids with low viscosities
and high boiling points. It is somewhat viscous liquid, miscible in water, soluble in ethanol,
acetone, acetic acid, pyridine with a sweet taste. Ethylene glycol is prepared commercially
by oxidation of ethylene at high temperature in the presence of silver-oxide catalyst,
followed by hydration of ethylene oxide to yield mono, with di, tri and tetra-ethylene
glycols as co products. Monoethylene glycols are widely used in the mixtures of automobile
antifreeze and engine-cooling liquids because of its properties such as low freezing point,
in-volatility and low corrosive activity.
This report estimates the market size of monoethylene glycol market in terms of value (USD
million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and
2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for
monoethylene glycol market in numerous application is estimated in terms of value. This
market research study provides detailed qualitative and quantitative analysis of the global
monoethylene glycol market. Additionally, the report provides a comprehensive review of
the major market drivers, restraints, opportunities in the global as well as regional markets
of monoethylene glycol market. The market analysis covers major geographic regions, such
as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and
forecasts are also given for these regions. Countries with major market revenues are
covered for each of the region.
Furthermore, this report provides insights into the market using analytical tools such as
Porter’s five forces analysis and DRO analysis of monoethylene glycol market. Moreover,
the study highlights current market trends and provides forecast from 2017 to 2023. We
also have highlighted future trends in the global monoethylene glycol market that will
impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in
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