The global mono-ethylene glycol market size is expected to reach around US$ 52.02 billion by 2030 from US$ 29 billion in 2021 and is expected to grow at an impressive double-digit rate of 6.7% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global mono-ethylene glycol market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
The mono-ethylene glycol is primarily made by oxidizing ethylene in the presence of a silver oxide catalyst at a high temperature. Later, the ethylene oxide is hydrated to yield mono-ethylene glycol as well as di and tri ethylene glycols as by-products. The mono-ethylene glycol is an odorless and transparent liquid. The mono-ethylene glycol can be stored in stainless steel and aluminum as well as trucks and lorries. The polyester fibers, polyethylene terephthalate (PET) resins, and engine coolants all require mono-ethylene glycol as a component.
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Mono-ethylene Glycol Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 29 Billion
- Market Size Is Projected to Grow By 2022: US$ 30.93 Billion
- Market Size Is Projected to Grow By 2023: US$ 32.98 Billion
- Market Size Is Projected to Grow By 2024: US$ 35.18 Billion
- Market Size Is Projected to Grow By 2025: US$ 37.54 Billion
- Market Size Is Projected to Grow By 2026: US$ 40.06 Billion
- Market Size Is Projected to Grow By 2027: US$ 42.75 Billion
- Market Size Is Projected to Grow By 2028: US$ 45.63 Billion
- Market Size Is Projected to Grow By 2029: US$ 48.72 Billion
- Market Size Is Projected to Grow By 2030: US$ 52.02 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 6.7 percent
Key Findings of Mono-ethylene Glycol Market Report
- Monoethylene glycol producers are increasing output capacity for the liquid form of the product. Industrial grade MEG, which is utilized in the manufacturing of polyester, is becoming more widely available.
- Anti-freeze applications offer companies in the monoethylene glycol market with reliable income streams. They are expanding production lines to open up new revenue streams in the manufacture of hydraulic brake fluids and cooling systems, such as those found in cars and air conditioners, where it works as a coolant and heat transfer agent.
- Monoethylene glycol producers are diversifying their output in order to innovate in PET, which is used to make plastic bottles. It has been discovered that a substantial percentage of global MEG is utilized as a chemical intermediary in the polyester manufacturing process.
- The global monoethylene glycol market is being driven by an increase in the disposable income of the urban populace in developing countries. Monoethylene glycol is being increasingly used in the production of a broad range of packaging and textile solutions, which is likely to drive the global market.
- In the recent years, the usage of monoethylene glycol in the production of coolants for automobile engines has grown in popularity. The relevance of monoethylene glycol-based liquids for automotive heat transfer in vehicle engines has also piqued industry leaders' interest. Monoethylene glycol's colorless, odorless, and viscous properties have helped it gain popularity in a variety of industries.
Growth Drivers
- Growing need of polymers in the textile manufacturing industry is likely to trigger expansion of the global monoethylene glycol market. Polyesters are in high demand, owing to their physical and chemical qualities, which make them perfect for tropical climates.
- Asia Pacific is likely to dominate the global monoethylene glycol market during the forecast period. The market in Asia Pacific is estimated to be driven by rising demand for humectants, chemical intermediates, and resins.
Why should you invest in this report?
If you are aiming to enter the global mono-ethylene glycol market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for mono-ethylene glycol are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global mono-ethylene glycol market include:
- Royal Dutch Shell
- The Dow Chemicals
- Reliance Industries
- Lotte Chemical Corporation
- Mitsubishi Chemical
- Sinopec Zhenhai Refining & Chemical Co.
- MEGlobal
- Nan Ya Plastics Corporation
- LynondellBasell Industries
- ExxonMobil Corporation
Segments Covered in the Report
By Grade
- Polyester
- Industrial
- Antifreeze
By Application
- Polyester Fiber
- Polyethylene Terephthalate (PET)
- Antifreeze & Coolants
- Chemical Intermediates
Regional Analysis:
The geographical analysis of the global mono-ethylene glycol market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global mono-ethylene glycol Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global mono-ethylene glycol market in 2030?
- What is the expected CAGR for the mono-ethylene glycol market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global mono-ethylene glycol market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Mono-ethylene Glycol Market
5.1. COVID-19 Landscape: Prosthetics And Orthotics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Mono-ethylene Glycol Market, By Grade
8.1. Mono-ethylene Glycol Market, by Grade Type, 2022-2030
8.1.1. Polyester
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Industrial
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Antifreeze
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Mono-ethylene Glycol Market, By Application
9.1. Mono-ethylene Glycol Market, by Application, 2022-2030
9.1.1. Polyester Fiber
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Polyethylene Terephthalate (PET)
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Antifreeze & Coolants
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Chemical Intermediates
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Mono-ethylene Glycol Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Grade (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Grade (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Grade (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Grade (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Grade (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Grade (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Grade (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Grade (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Grade (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Grade (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Grade (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Royal Dutch Shell
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. The Dow Chemicals
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Reliance Industries
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Lotte Chemical Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Mitsubishi Chemical
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Sinopec Zhenhai Refining & Chemical Co.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. MEGlobal
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Nan Ya Plastics Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. LynondellBasell Industries
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ExxonMobil Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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