Monoethylene Glycol Market, By Production Process (Gas-based, Naphtha-based, Coal-based, Methane-to-Olefins, Bio-based), By Application (Polyester Fiber, Polyethylene Terephthalate (PET) Resins, Polyethylene Terephthalate (PET) Film, Antifreeze, Others),

Monoethylene Glycol Market, By Production Process (Gas-based, Naphtha-based, Coal-based, Methane-to-Olefins, Bio-based), By Application (Polyester Fiber, Polyethylene Terephthalate (PET) Resins, Polyethylene Terephthalate (PET) Film, Antifreeze, Others), By End-use Industry (Textile, Plastic & Packaging, Automotive, Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Monoethylene glycol is also known as 1, 2-ethanediol, and is soluble in a wide range of chemical compounds, alcohols, and water. Ethylene oxide hydrolysis produces monoethylene glycol primarily, with the emission of two co-products named diethylene glycol (DEG) and triethylene glycol (TEG). Natural gas, coal, naphtha, and bioethanol are the feedstocks used to make monoethylene glycol, hence According to the sources from which it is made, the market is classified into four categories. Natural gas, followed by naphtha and coal, accounts for the majority of monoethylene glycol production. Due to mounting environmental concerns, most businesses are now focusing on producing biobased monoethylene glycol rather than petrochemical.based monoethylene glycol. Monoethylene glycol is utilized in coolants and de-icing materials because of its chemical features thatinclude high viscosity, high boiling point, and low freezing point. PET and polyester resins are made primarily from monoethylene glycol. It is frequently utilized as a raw ingredient in the production of fabrics and polyester fibers. It is used as a coolant, anti-freeze, dewatering agent, chemical intermediate, humecant, and anti-corrosion agent. Monoethylene glycol is also used in the making of tobacco, food and beverages, pharmaceuticals, and cosmetics, others.

Market Dynamics

The expansion of the global monoethylene glycol market is driven by rising demand for PET packaging in various commercial and industrial end-use applications. Clothing, industrial fabrics, and non-woven fabrics are few of the industries where fibers are used. Some of the features of these fabrics such as resistance to moisture, stains, oil, and water have led to increased demand for fabrics. It' is abrasion-resistant and wrinkle-resistant. These characteristics increases use of fiber in textile sector, and the this ie expected to drive the monoethylene glycol market growth during the forecast period.

MEG is extremely toxic to people as its consumption have a negative influence on the kidneys, the heart, and the central nervous system, which is limiting the market growth.

Key features of the study:

• This report provides in-depth analysis of the global monoethylene glycol market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Global Monoethylene Glycol Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study Reliance Industries Limited, Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, Royal Dutch Shell PLC, Nouryon, Mitsubishi Chemical Corporation, and Eastman Chemical Company
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
• Global monoethylene glycol market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global monoethylene glycol market

Detailed Segmentation:

• By Production Process:
• Gas-based
• Naphtha-based
• Coal-based
• Methane-to-Olefins
• Bio-based
• By Application:
• Polyester Fiber
• Polyethylene Terephthalate (PET) Resins
• Polyethylene Terephthalate (PET) Film
• Antifreeze
• Others
• By End-use Industry:
• Textile
• Plastic & Packaging
• Automotive
• Others
• By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
• Company Profiles
• Reliance Industries Limited
• Saudi Basic Industries Corporation
• BASF SE
• India Glycols Limited
• LyondellBasell Industries Holdings B.V.
• Chemtex Speciality Limited
• Royal Dutch Shell PLC
• Nouryon
• Mitsubishi Chemical Corporation
• Eastman Chemical Company