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 © Infinium Global Research Page 3