Global Monoethylene Glycol Market Is Anticipated To Reach Around USD 33.01 Billion By 2025

06-Feb-2019 | Zion Market Research

Zion Market Research has published a new report titled “Monoethylene Glycol Market by Grade (Fiber Grade, Industrial Grade, and Antifreeze Grade) and by Application (Fiber, PET, Film, Antifreeze & Coolant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global monoethylene glycol market was valued at approximately USD 24.55 billion in 2018 and is expected to generate around USD 33.01 billion by 2025, at a CAGR of around 4.32% between 2019 and 2025.

Monoethylene glycol is a chemical compound that is prepared and produced by the transitional oxidation reaction of the ethylene compound. The compound is odorless and colorless and has a wide range of industrial applications. Monoethylene glycol is one of the crucial commercially available glycols. The by-products of the chemical compound, such as tri-ethylene and di-ethylene glycol, are obtained from the production process of monoethylene glycol. Monoethylene glycol acts as a crucial element that is utilized in the production of fibers, polyester apparels, fabrics, and resins.

Browse the full “Monoethylene Glycol Market by Grade (Fiber Grade, Industrial Grade, and Antifreeze Grade) and by Application (Fiber, PET, Film, Antifreeze & Coolant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/monoethylene-glycol-market

The growing demand for polyester fabrics in the textile industry is anticipated to drive the monoethylene glycol market in the upcoming years. Furthermore, the demand for polyester apparels is continuously growing, owing to the changing lifestyle of the urban population. Additionally, monoethylene glycol is extensively used to produce PET bottles in the food and beverage sector, which is anticipated to further stimulate the monoethylene glycol market globally in the upcoming years. The beneficial features of monoethylene glycol, such as tenacity and durability, make it a key raw material for various industrial applications. It is extensively utilized for the production of fibers, polyester resins, and films. These factors are projected to contribute toward this global market growth in the future. However, the toxicity of chemicals might hamper the monoethylene glycol market on a global scale.

By grade, the global monoethylene glycol market is segmented into industrial grade, antifreeze grade, and fiber grade. The industrial grade segment is expected to dominate the market in the future, owing to the rising product demand for a wide range of applications that involves high boiling point and good solvent attributes. By application, the monoethylene glycol market is categorized into fiber, PET, film, antifreeze and coolant, and others. The antifreeze and coolant segment is expected to dominate this global market, owing to the increased production of automobiles.

By region, Asia Pacific held the largest revenue share of the global monoethylene glycol market in 2018 and is expected to dominate the global market in the upcoming years. This regional growth can be attributed to the rising demand for polyester fabrics and apparels in the textile industry, due to the changing lifestyle of the urban population. Monoethylene glycol is mainly used for the production of polyester fabrics. The European region is expected to provide significant growth opportunities in the global monoethylene glycol market in the future, owing to the increasing sales of pharmaceutical medicines due to the increased production of SUVs. Monoethylene glycol is mainly used to produce antifreeze coolants, which are used for the effective functioning of vehicles.

Some key industry players operating in the global monoethylene glycol market include SABIC, Formosa, Dow DuPont, BASF SE, MEGlobal, Sinopec, Shell, Reliance, SIBUR, and PTTGC, among others.

This report segments the global monoethylene glycol market into:

Global Monoethylene Glycol Market: Grade Analysis

  • Fiber Grade
  • Industrial Grade
  • Antifreeze Grade

Global Monoethylene Glycol Market: Application Analysis

  • Fiber
  • PET
  • Film
  • Antifreeze & Coolant
  • Others

Global Monoethylene Glycol Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed