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Global Monoethylene Glycol (MEG) Market 2018-2022 - Market is Projected to Reach USD 30.40 Billion

/EIN News/ -- Dublin, March 13, 2018 (GLOBE NEWSWIRE) -- The "Monoethylene Glycol (MEG) Market by Application (Fiber, PET, Antifreeze & Coolant, Film), Technology, and Geography (Asia Pacific, North America, Europe, Middle East & Africa, and South America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The MEG market is estimated at USD 24.41 Billion in 2017 and is projected to reach USD 30.40 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022.

The MEG market is expected to be driven by the increasing need for MEG in the production of PET and polyester. Polyester is mainly used in the textile end-use industry. PET application is growing in packaging end-use industry which is growing at a very high growth rate. Increasing dispensable income of the population across the world has propelled the growth of packaging end-use industry in turn fueling the growth in PET application in MEG market.

Increasing demand for synthetic fiber is encouraging the use of PET and polyester fiber thus driving the production of fiber and hence increasing the demand for MEG. Fiber is also the largest application of MEG in APAC which has the largest market share globally. This region is the largest manufacturer as well as supplier for textile and apparel across the globe. China, India and other Asian nations are the top exporters of synthetic yarn in the world. APAC region contributes to approximately 90% of polyester production in 2012 thus contributing to global MEG demand significantly.

Antifreeze & coolant is the fastest growing application owing to its high growth in automotive and chemical end-use industries. Ethylene glycol is the most widely used coolant in APAC which is also the fastest growing market and accounted for more than 80% of the total coolant market in 2015.

Based on region, the MEG market has been segmented into APAC, North America, Europe, the Middle East & Africa, and South America. APAC is the largest and fastest growing market for MEG. China which dominates APAC has half the demand for MEG globally. China, India, and North and South Asian countries largely contribute to the demand for MEG. Textile, Packaging, Automotive and chemical industries drive the applications of MEG. The high growth in automotive and packaging industries and have propelled the growth of MEG in this region.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the MEG Market
4.2 APAC MEG Market, By Application and Country
4.3 MEG Market, By Application
4.4 MEG Market, By Region

5 Market Overview
5.1 Introduction
5.1.1 MEG Production and Capacity, By Key Country, 2016 (Kiloton)
5.1.2 Major Importers and Exporters in MEG Market
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand For Polyester Fiber and PET
5.2.2 Restraints
5.2.3 Opportunities
5.2.3.1 Increasing Coal Plants in China
5.2.4 Challenges
5.2.4.1 Costs Associated With the Refining of MEG
5.3 Porter's Five Forces Analysis
5.4 Macro Economic Indicators
5.4.1 Gdp Growth Rate Forecast of Major Economies
5.4.2 Automotive Industry
5.4.3 Textile Industry

6 MEG Market, By Technology
6.1 Technology
6.1.1 Naphtha-Based
6.1.2 Coal-And Natural Gas-Based
6.1.2.2 Eastman-Jm Davy's MEG Technology
6.1.2.3 Mto
6.1.3 Bio-Based MEG Production
6.1.3.1.1 Sucrose
6.1.3.1.2 Starchy Biomass
6.1.3.1.3 Lignocellulose
6.1.4 Technology Providers
6.1.4.1 Shell Chemical

7 MEG Market, By Application
7.1 Introduction
7.2 Fiber
7.3 Film
7.4 Pet
7.4.1 Bottle
7.4.2 Food Packaging
7.4.3 Other Packaging Applications
7.5 Antifreeze & Coolant
7.6 Others
7.6.1 Industrial Applications
7.6.1.2 Humectant
7.6.1.3 Natural Gas Transportation

8 MEG Market, By Region

9 Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Competitive Situations and Trends
9.3.1 Mergers & Acquisitions
9.3.2 Agreements & Partnerships
9.3.3 Investments & Expansions

10 Company Profiles
10.1 SABIC
10.2 MEGlobal
10.3 Shell
10.4 Formosa Plastics
10.5 Dowdupont
10.6 Reliance Industries
10.7 Sinopec
10.8 BASF
10.9 PTTGC
10.10 Sibur
10.11 Other Key Players
10.11.1 Lotte Chemical
10.11.2 Eastman
10.11.3 Exxonmobil
10.11.4 Huntsman
10.11.5 Ineos Oxide
10.11.6 Indian Oil
10.11.7 India Glycols
10.11.8 Indorama
10.11.9 Akzo Nobel
10.11.10 Clariant
10.11.11 LG Chem
10.11.12 Mitsui Chemicals
10.11.13 Mitsubishi Chemical Corporation
10.11.14 Kuwait Petroleum Corporation

For more information about this report visit https://www.researchandmarkets.com/research/cc4gzv/global?w=12

                    
                    
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