Market Insights
The monoethylene glycol market size was valued at USD 26.69 Billion in 2021 and is likely to grow at a CAGR of 6.12% during 2022-2028 to reach USD 40.8 Billion in 2028.
Segment-Wise Analysis
Based on the grade type, the market is segmented as a polyester grade, industrial grade, antifreeze grade, and low conductivity grade. The polyester grade is estimated to be the dominating segment of the market over the forecast period. It has a wide range of applications owing to some of its lucrative characteristics, such as moisture-absorbing features and low volatility.
Based on the application type, the market is segmented as polyester fiber, PET, antifreeze coolants, chemical intermediates, and others. Polyester fiber is estimated to account for the major share of the market on account of its utilization in myriad end-use industries such as resins, electronics, and textiles. On the other hand, PET is estimated to register a high growth rate in the market due to the high consumption of products in the packaging industry.
Based on Region, the report covers the following regions –
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
The report discusses current key players in the Monoethylene Glycol Market on the basis of intensive research. According to the experts, the market has the following key players-
- BASF SE
- Lotte Chemical Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- Nan Ya Plastics Corporation
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation
- Sinopec Zhenhai Refining Chemical Company
- The Dow Chemical Company.
Why invest in this report?
The report covers 360-degree angle of the Monoethylene Glycol Market and answers the following critical questions -
- What are the key trends in the Monoethylene Glycol Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the Monoethylene Glycol Market?
- What are the key strategies adopted by the major vendors to lead in the Monoethylene Glycol Market?
- What is the market share of the top vendors?
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