Infinium Global Research Monoethylene Glycol Market | Page 7

Monoethylene Glycol Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023 The study on global monoethylene glycol market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global monoethylene glycol market. The estimates in the global monoethylene glycol market are based on both bottom-up and top- down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of monoethylene glycol market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the devices and category. Executive Summary Global Monoethylene Glycol Market Highlights, (USD Million) The global Monoethylene Glycol Market is expected to grow at a CAGR of 6.5%between 2017 and 2023 in terms of value. 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 © Infinium Global Research Page 7