Monoethylene Glycol Market Size 2019 By Grade, Application, Growth Factors, Regional Forecast, Competitive Landscape, Industry Forecast 2024
The monoethylene glycol market trends report 2024 analyzes the important factors of the industry based on present situations, market demands, business strategies utilized by the companies and their growth synopsis.
Selbyville, Delaware, USA – April 25, 2019 /MarketersMedia/ —
The extensive application spectrum of monoethylene glycol market is one of the pivotal drivers responsible for its extensive growth in recent years. Subject to the fact that it is a basic raw material endowed with outstanding properties such as tenacity, durability, and hydrophobicity, it is used extensively to develop polyester fiber, that is further deployed in the manufacturing of ropes, outwears, garments, rugs, carpets, and numerous other household products.
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Monoethylene glycol market has been segregated on the basis of grade, application and regions. The major grade segments include polyester, industrial and antifreeze. Among these, polyester grade held the significant share of the market and will expand at a noteworthy rate in the forecast period. This is due to its wide application in textile, packaging and other industries as it has excellent barrier, strength and other mechanical features.
The major application segments include polyester fiber, PET, antifreeze & coolants, and chemical intermediates. Minor applications include leather processing, water based adhesive, Latex paints, asphalt emulsions, humectants, etc. and have been included in others segment Among these, polyester fiber and PET will collectively hold more than 70% of the share in overall monoethylene glycol market expanding at a substantial rate by 2024.
In terms of revenue, antifreeze & coolants segment will cross USD 3 billion in 2024. Positive response from automotive industry will drive the segment growth as the product is used as major component to manufacture the IC engine coolants and will boost the industry size. Monoethylene glycol is mainly used as a raw material for antifreeze & coolants formulations which will enhance the product demand in the forecast timespan.
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On the basis of geography, Asia Pacific, led by China and India, is likely to hold a significant share in the global monoethylene glycol market in past years and is likely to expand it by 2024 at the fastest rate. Europe and North America will have a collective market size of over USD 10 billion by 2024 accounting for around a quarter of the overall monoethylene market.
The prominent manufacturers in the monoethylene glycol market which include AkzoNobel, Reliance, SABIC, Dow Chemicals, MEGlobal, Sinopec, LyondellBasell Industries, Royal Dutch and Mitsubishi, which hold over half of the overall market share. SABIC has a significant integration throughout the product value chain as its manufacturers the raw materials required for the monoethylene glycol production.
Browse key industry insights spread across 260 pages with 418 market data tables & 27 figures & charts from the report, “Monoethylene Glycol Market Size By Grade (Polyester, Industrial, Antifreeze, Low Conductivity), By Application (Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/monoethylene-glycol-meg-market
Table of Contents (ToC) of the report:
Chapter 5. Monoethylene Glycol Market, By Application
5.1. Global market share by application, 2016 & 2024
5.2. Polyester fiber
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. PET
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Antifreeze & coolants
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Chemical intermediates5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/monoethylene-glycol-meg-market
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