Market Research Global Mono-ethylene Glycol Market Analysis 2018

The global mono-ethylene glycol (MEG) market is expected to witness a CAGR of 4.5% owing
to the increase in utilization of polyethylene terephthalate (PET) in the packaging industry. The
growing demand for polyester from the textile industry is also likely to stimulate the MEG
market during the forecast period.
PET Demand from Packaging Industry Driving the Market
The demand of PET is on the surge from the packaging industry and has significantly upscaled
the mono-ethylene glycol market, as it is widely used in PET production. Food & beverage and
pharmaceutical packaging are the key contributors to the industry growth, due to the
predominant utilization of PET to produce packaging products, such as films, sheets, bottles, etc.
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Polyester Fiber the Dominant Application
Polyester fiber application accounted for more than 50% of the MEG market share. The driving
force for polyester fibers market is the increasing demand from the textile industry, primarily in
the Asia-Pacific region. PET bottles are the second leading market for MEG globally. Around
10% of the market is attributed to antifreeze, where MEG is used for different purposes, such as
for preserving biological tissues and organs, or as de-icing fluids in windshields and aircraft. The
PET application is expected to grow at the fastest rate, due to increasing demand for packaging
from the food & beverage industry.
Textile Industry Supporting the MEG Market in Asia-Pacific
Asia-Pacific leads in the consumption and production of MEG and is likely to continue its
position due to the increasing textile and fiber production in the region. The rise in demand from
the automotive industry, where MEG is used as antifreeze and coolants, is a major factor
contributing to the growth of the mono-ethylene glycol market in Asia-Pacific. North America
and Europe are likely to show a sluggish growth owing to the presence of stringent regulations
regarding the manufacturing of the product.
Notable Developments
In Nov 2017, Braskem signed a partnership with Haldor Topsoe to develop bio-based MEG. The
demonstration plant is likely to be built in Denmark, where operations are likely to begin in
2019.
Major players are SABIC, Royal Dutch Shell PLC, Reliance Industries Limited, Mitsubishi
Chemical Corporation (MCC), and DowDuPont, amongst others.
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market-segmented-by-production-process-application-end-user-industry-and-geography-
growth-trends-and-forecasts-2018-2023
Reason to Purchase the Report
To understand the impact of various production process type on the market.
Analyzing various perspectives of the market with the help of Porters Five Forces Analysis.
To understand the dominating application and end-user industry in the market.