Monoethylene Glycol Market Analysis Forecast to 2020 by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Monoethylene Glycol Market Size, Share, Development, Growth and
Demand Forecast to 2020
Global Monoethylene Glycol Market Size, Share, Development,
Growth and Demand Forecast to 2020
The increasing use of monoethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is
propelling the growth of the global monoethylene glycol market. However, volatility in crude oil prices and
regulation for environmental protection are expected to restrain the growth of the global monoethylene glycol
market. The increasing demand for non-ionic surfactant and growing textile & fiber industries are expected to
create ample opportunities for the growth of the global monoethylene glycol market, during the forecast period. In
addition, bio-based monoethylene glycol is expected to create ample opportunities for the augmentation of the
global monoethylene glycol market.
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Monoethylene glycol is commonly known as ethylene glycol that is a colorless, sweet tasting, and odorless
organic compound. Monoethylene glycol is manufactured from ethylene, a downstream product of natural gas and
crude oil. Monoethylene glycol is one of the most important raw materials required for industrial applications.
Monoethylene glycol is widely used in the production of polyester resin, fibers, and films. Additionally, it can also
be used as a coolant material, anti-corrosion agent, dewatering agent, anti-freeze, aircraft anti-icer and deicers,
and chemical intermediate.
Based on application, the monoethylene glycol market can be segmented into antifreeze, polyester fiber,
polyethylene terephthalate (PET), and others. The major application areas of monoethylene glycol are polyester
fiber and polyethylene terephthalate (PET). The polyester fiber accounted for the largest market share in the
application segment of the global monoethylene glycol market during 2014. The major factor driving the growth of
the polyester fiber segment is the increased production of polyester fiber in Asia-Pacific. Polyethylene
terephthalate (PET) is the fastest growing application segment in the global monoethylene glycol market. The
major factor supporting the growth of the monoethylene glycol in PET segment is the increasing use of PET in the
packaging industry.
Geographically, Asia-Pacific is the largest market for monoethylene glycol. During the forecast period, the AsiaPacific monoethylene glycol market is expected to grow at the fastest rate, owing to the presence of large number
of fibers and textile manufacturers in the region. Additionally, the Asia-Pacific monoethylene glycol market is
driven by major textile producing countries, such as China. Other major textile producing countries such as India,
Japan, and Bangladesh account for a notable share. China accounts for the largest market share in the AsiaPacific monoethylene glycol market. However, the monoethylene glycol market is also increasing steadily in other
countries of Asia-Pacific, such as India and Taiwan. Moreover, the monoethylene glycol market is expected to
increase significantly in the Middle East during the forecast period, owing to stable supply of raw materials. Brazil
is expected to become one of the fastest emerging markets for monoethylene glycol, owing to expanding
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Global Monoethylene Glycol Market Size, Share, Development,
Growth and Demand Forecast to 2020
packaging industry. This is likely to create the demand of monoethylene glycol for polyethylene terephthalate
(PET) films in Latin America.
Several major players such as Reliance Industries Limited and Royal Dutch Shell PLC are involved in the
production of raw materials. Monoethylene glycol is produced from ethylene, a downstream product of crude oil.
Reliance Industries Limited and Royal Dutch Shell PLC are also involved in the manufacturing of monoethylene
glycol, which is a part of their downstream process. Saudi Basic Industries Corporation is the largest player in the
global monoethylene glycol market.
Browse related market research at: https://www.psmarketresearch.com/industry-report/semiconductor-andelectronics
Some of the major competitors in the global monoethylene glycol market include Saudi Basic Industries
Corporation (SABIC), Reliance Industries Limited, BASF SE, LyondellBasell Industries N.V., The Dow Chemical
Company, Lotte Chemical Corporation, Royal Dutch Shell PLC, Nan Ya Plastics Corporation, Sinopec Zhenhai
Refining & Chemical Company (ZRCC), and India Glycols Ltd.
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Global Monoethylene Glycol Market Size, Share, Development,
Growth and Demand Forecast to 2020
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