Monoethylene Glycol Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

Monoethylene Glycol Market was valued at USD 25.2 billion in 2021 and expected to grow with a significant growth rate CAGR of 5% between 2022 and 2028. Monoethylene glycol is mainly produced by oxidizing ethylene at high temperatures in the presence of oxidizing silver catalysts. Ethylene oxide is later hydrated to produce monoethylene glycol and di and triethylene glycol as co-products. Monoethylene glycol (MEG)is an odorless, transparent,syrupy liquid with a sweet taste. Monoethylene glycol can be put in stainless steel, aluminum or lining drum, tank car or tank truck.

Top Major Key Players Industries

Mitsubishi Chemical Corporation (MCC)
Royal Dutch Shell Plc
Saudi Basic Industries Corporation
Indian Oil Corporation Limited
LyondellBasell Industries N.V.
Nan Ya Plastics Corporation

Monoethylene Glycol Market by Application
• Polyester Fiber
• Polyethylene Terephthalate
• Antifreeze & Coolant
• Solvent
• Chemical Intermediate

Monoethylene Glycol Market by End-Users
• Packaging
• Automotive
• Textiles
• Chemicals
• Others

Scope of the Report

The research study analyzes the global Monoethylene Glycol industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume

Key Questions Answered by Monoethylene Glycol Market Report

What was the Monoethylene Glycol Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Monoethylene Glycol Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Monoethylene Glycol Market was the market leader in 2022
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.