Infinium Global Research Monoethylene Glycol Market - 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. © Infinium Global Research Page 8