Market Research Future published a Half-Cooked Research Report on “Global Mono Ethylene Glycol Market Research Report – Forecast to 2025”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025
Market Synopsis:
The Mono Ethylene Glycol (MEG) Market 2020 is supposed to gain traction on account of rising opportunities in end user industries. In an assessment offered by Market Research Future MRFR, it has been highlighted that the Global Mono Ethylene Glycol (MEG) Market is supposed to strike over 5% CAGR across the forecast period. The valuation of the market was USD 26 Bn in 2018 and is supposed to attain a decent value by the close of the review period. One of the prime factors facilitating growth of the Mono Ethylene Glycol (MEG) Market is its rising applications in the production of polyester fibers. The product is used for manufacturing PET which is used extensively in the packaging industry. Rising demand for beverages is likely to boost demand for PET in the coming years. This, in turn, is prognosticated to support the proliferation of the Mono Ethylene Glycol (MEG) Market. Urbanization is projected to boost demand across the food & beverage industry. It is also expected to lead the growth of the Mono Ethylene Glycol (MEG) Market in the nearby future. Similarly, the rising demand across pharmaceuticals is also poised to impact the packaging industry favorably. It is prognosticated to augment the Mono Ethylene Glycol (MEG) Market.
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The recyclability of PET is another major factor project to boost market growth. Investments in recycling of PET are likely to increase. It is projected to bear a favorable impact on the growth pattern of the Mono Ethylene Glycol (MEG) Market in the near future. Also, the rising demand for anti-freeze grade MET is supposed to accelerate revenue creation. It is used in the production of anti-freeze and coolants for automobiles. It is expected to have a positive influence on the growth curve of the Mono Ethylene Glycol (MEG) Market. The renewable characteristic of MEG is supposed to catalyze expansion of the global market in the years to come.
Competitive Dashboard:
Royal Dutch Shell PLC (Netherlands), SABIC (Saudi Arabia), Dow (US), Mitsubishi Chemical Corporation (Japan), China Petroleum & Chemical Corporation (China), Exxon Mobil Corporation (US), MEGlobal (UAE), NAN YA PLASTICS CORPORATION (Taiwan), Petro Rabigh (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), Reliance Industries Limited (India), LOTTE Chemical CORPORATION (South Korea), and India Glycols Limited (India) are some of the prominent participants operating in the Mono Ethylene Glycol (MEG) Market.
Market Segmentation:
On the Basis of Technology, the Mono Ethylene Glycol (MEG) Market has been segmented into Gas-Based, Coal-Based, Naphtha-Based, and Bio-Based.
On the basis of Function, the Mono Ethylene Glycol (MEG) Market has been segmented into Chemical Intermediate, Solvent, Solvent Coupler, and Humectant.
On the basis of Application, the Mono Ethylene Glycol (MEG) Market has been segmented into Polyester Fiber, Anti-Freeze Coolant, PET Products, and Industrial.
Regional Analysis:
The Regional Assessment of the Global Mono Ethylene Glycol (MEG) Market is offered for the following regions – Latin America, Europe, Asia Pacific, the Middle East and Africa (MEA), and North America. These regions are analyzed to country-level basis for presenting a deeper insight into the market. APAC held the largest share and is prognosticated to dominate the market in the foreseeable future. Chins are supposed to lead the augmentation of the regional market in the forthcoming years. The growth of the packaging industry in the region is projected to contribute to the development of the Mono Ethylene Glycol (MEG) Market in the region. Key players are supposed to invest in the region to capitalize on thriving opportunities. Also, the lenient laws and heap labor ensure the influx of considerable investments through the assessment period. These factors are presumed to catalyze the Mono Ethylene Glycol (MEG) Market size in the upcoming years.
Browse Key Industry Insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, “Mono Ethylene Glycol (MEG) Market Information: By Technology (Gas-Based, Naphtha-Based, Coal-Based, and Bio-Based), by Function (Chemical Intermediate, Solvent Coupler, Solvent, and Humectant), by Application (Polyester Fiber, PET Products, Anti-Freeze Coolant, and Industrial) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709
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