"Global Monoethylene Glycol Market - Size, Share, Demand, Industry Trends and Opportunities
Global Monoethylene Glycol Market, By Grade (Polyester, Industrial, Antifreeze), Application (Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates), Technology (Naphtha-Based, Coal & Natural Gas-Based, Bio-Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends
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- Segments*
- Application: Monoethylene glycol is primarily used in various applications such as polyester fibers, polyethylene terephthalate (PET) resins, antifreeze agents, and others. The PET resins segment is expected to witness significant growth in the forecast period due to the rising demand for PET bottles in the packaging industry.
- End-Use Industry: The end-use industries for monoethylene glycol include automotive, textile, packaging, chemical, and others. The textile industry is a major consumer of monoethylene glycol for producing polyester fibers, which are extensively used in clothing and home textiles.
- Grade: Based on grade, the monoethylene glycol market can be segmented into industrial grade and pharmaceutical grade. The pharmaceutical grade segment is likely to experience steady growth as monoethylene glycol is used in the production of various pharmaceutical products.
- Market Players*
- Sinopec
- Royal Dutch Shell plc
- The Dow Chemical Company
- SABIC
- Exxon Mobil Corporation
- Reliance Industries Limited
- Formosa Plastics Corporation
- Indian Oil Corporation Ltd
- Lotus Chemical Technology
- Chemtex Speciality Limited