The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Mono Ethylene Glycol (MEG) industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in an in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply demand ratios, upcoming market trends, technological innovations, and value chain analysis. The report offers numerous Mono Ethylene Glycol (MEG) market projections based on historical and current market data. Moreover, it presents quantitative and qualitative market insights derived through research studies and market surveys.
Mono Ethylene Glycol (MEG) is produced from ethylene via ethylene oxide, which is hydrated through a thermal or catalytic process. Mono Ethylene Glycol (MEG) (MEG) is a colorless, odorless, syrupy liquid with a sweet taste. Mono-ethylene Glycol (MEG) can be used for applications that require chemical intermediates for resins, solvent couplers, freezing point depression, solvents, humectants, and chemical intermediates. The increasing use of mono ethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is propelling the growth of the global mono ethylene glycol market. The product is a significant raw material for industrial resins, deicing fluids, heat transfer fluids, automotive antifreeze and coolants, water-based adhesives, latex paints and asphalt emulsions, electrolytic capacitors, textile fibers, paper, and leather. It can also be used as a coolant material, anti-corrosion agent, dewatering agent, anti-freeze, aircraft anti-icer and deicers, and chemical intermediate.
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Market Dynamics:
The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Mono Ethylene Glycol (MEG) markets are projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, the environmental impact due of carbon emissions are a few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps, and detergents for daily usage along with rising disposable income across the globe are further boosting the market growth.
Competitive Landscape:
The global Mono Ethylene Glycol (MEG) market research report provides a competitive strategy analysis portfolio to provide a better understanding of the competitive landscape. The report further discusses in depth the business strategies undertaken by key manufacturers on mergers and acquisitions, joint ventures, and collaborations. It sheds light on the companies holding the largest market share in terms of revenue in the global Mono Ethylene Glycol (MEG) market.
Key companies profiled in the report are:
LyondellBasell, The Dow Chemical Company, ME Global, SABIC, ExxonMobil Corporation, Formosa Plastic Group, AkzoNobel, and Honam Petrochemical Corporation
The report offers an extensive summary of the top companies and also provides strategic recommendations for market players and new entrants to provide a competitive edge to the readers. The reports were collected using primary and secondary research methodologies.
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Technology (Revenue, USD Million; 2018–2028)
Naphtha-Based
Coal-And Natural Gas-Based
Bio-Based Mono Ethylene Glycol (MEG) Production
Technology Providers
Application (Revenue, USD Million; 2018–2028)
Fiber
PET
Film
Antifreeze Coolant
Others
End-use (Revenue, USD Million; 2018–2028)
Packaging
Automotive
Textiles
Chemicals
Paper
Leather
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Key Points Illustrated in the Regional Analysis:
Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions
Reasons for Buying this Report:
The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
The study provides pinpoint analysis for changing competitive dynamics.
The report helps readers in understanding the product segments and their future growth.
Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
It helps in making informed business decisions by having complete insights into the market and by making in-depth analyses of market segments.
PEST analysis of the market in the five major regions.
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