Monoethylene Glycol Market Size & Share 2017 - 2024

Market Size by Grade (Polyester, Industrial, Antifreeze), by Application (Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast.

Report ID: GMI2198

Published Date: November 2017

Report Format: PDF

Download Free PDF

Monoethylene Glycol Market Size

Monoethylene Glycol Market size estimated at USD 25 billion in 2016 and will grow at a CAGR of more than 6% from 2017 to 2024.

Growing use of monoethylene glycol (MEG) as a raw material for producing polyester fiber and polyethylene terephthalate (PET) will likely surge the monoethylene glycol market size by 2024. Improved standard of living in addition to modern fashion inclinations of the consumers for recently designed attires is expected to drive the polyester fiber demand, directly surging the product market size in the forecast period. The product further finds application in several industrial uses such as antifreeze, hydrate inhibitor in gas pipelines, coolants and as a heat transfer agent, that is projected to produce ample prospects from various end-use industries. In addition, swelling demand for polyester fiber from the textile sector is increasing MEG production in the forecast period. Asia Pacific proves to be one of the key profitable regions for the polyester fiber market. It registered a revenue more than USD 50 billion in 2016. This is owing to the surging disposable income, drift in customer preferences and abundant availability of low-cost labor will surely boost the product market size by 2024.

Furthermore, growing use of plastics instead of paperboard, wood and metal in the packaging industry is fueling the polyethylene terephthalate (PET) sector in the forecast timeframe. This shift in trend considerably upsurge the product market size by 2024. Pharmaceutical and food & beverage packaging are the major industry growth contributors owing to their extensive usage of PET to manufacture various packaging materials such as sheets, films, bottles, containers etc. In addition, improved chemical resistance, ease of recyclability, elevated barrier properties and dimension stability will surely boost the PET demand, surging the production of MEG by 2024.

Growing inclination for bio-based materials and volatility in oil prices is anticipated to trigger substantial resistance in the growth of product monoethylene glycol (MEG) market size by 2024. The product is mainly obtained from ethylene, which is a byproduct of crude oil, and the volatility in crude oil prices has led to fluctuations in raw material prices. However, the decline in crude oil prices in 2014 piloted a reduction in MEG prices to USD 750/kilo ton in Asia Pacific, that is certain to bring abundant opportunities for the product market size in the forecast timespan.

Monoethylene Glycol Market Analysis

Polyester grade recorded the foremost revenue share over 70% in 2016 and is projected to spectate a considerable growth by 2024. This grade is mainly used to manufacture PET, polyester resins and fiber owing to its moisture absorbing properties, low-volatility and few other features. Its hygroscopic specialty makes it appropriate for its use in synthetic rubber, conditioning agent and other paper items. Widespread application of polyester grade MEG in chemical intermediates, solvent couples, heat transfer agents, unsaturated polyester resins and plasticizers, which instead will propel the product industry size in the forecast timespan.

Product application in polyethylene terephthalate (PET) is growing at a rapid pace and is expected to surge with a CAGR over 5.5% by 2024. Escalating consumption of the product in the packaging industry due to its hygroscopic and water & vapor barrier attributes. Therefore, the significant usage of monoethylene glycol to manufacture PET will directly drive the monoethylene glycol market revenue during the forecast period.

Polyester fiber is the primary application for the MEG and registers a revenue share over 55% among the global industry share in 2016. Vast use of polyester fiber in myriad end-use industries such as resins, textile, electronics etc. due to its excellent chemical and mechanical qualities that is estimated to fuel the product market size in the coming years.

Asia Pacific MEG market is projected to escalate with a CAGR more than of 6.5% during the forecast timeframe. The rapidly growing per capita income in addition to the swelling economic conditions in the region will fuel several advancements in the textile sector. Substantial manufacture of polyester fiber and polyethylene terephthalate (PET) in emerging economies involving India, China, Malaysia etc. will establish an abundant consumption of MEG in the region driving its industry size in the near future.

Monoethylene Glycol Market Share

The prevalent industry contributors include

Royal Dutch Shell
SABIC
AkzoNobel
The Dow Chemicals
Reliance Industries
Mitsubishi Chemical
Lotte Chemical Corporation
Sinopec Zhenhai Refining & Chemical Co.
Nan Ya Plastics Corporation
MEGlobal
LyondellBasell Industries
ExxonMobil Corporation
Chemtex Speciality Limited
India Glycols

Mitsubishi Chemicals and Reliance Industries jointly captures more than 40% of the overall monoethylene glycol market size. Similarly, in 2015, SABIC captured around 10% of the overall product market share and is highly integrated.

Industry Background

Escalating consumption across end-use industries in addition to technological advancements is projected to boost the product market size in the forecast timespan. The product is widely applicable to manufacture anti-corrosion agent, anti-freeze, coolant material, dewatering agent, deicers and several other chemical intermediates. The MEG has further applications in producing various hygroscopic materials that are used in several major end-use industries such as textiles, packaging, automotive etc. Additionally, capacity expansion in China and Middle East are projected to fuel the product market growth by 2024.

Authors: Kiran Pulidindi, Akshay Prakash

Monoethylene Glycol Market Scope

Monoethylene Glycol Market Size
Monoethylene Glycol Market Trends

Monoethylene Glycol Market Analysis
Monoethylene Glycol Market Share

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Monoethylene glycol industry 360° synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Grade by application trends

2.1.3. Application trends

2.1.4. Regional trends

Chapter 3. Monoethylene Glycol Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distributor channel analysis

3.3.3. Profit margin analysis

3.3.4. Value addition at each stage

3.4. Raw material analysis

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Increasing production of polyethylene terephthalate (PET)

3.5.1.2. Increasing demand for polyester fiber in Asia Pacific region

3.5.1.3. Growth in several industrial sectors

3.5.2. Industry pitfalls & challenges

3.5.2.1. Volatility in the raw material prices

3.5.2.2. Health hazards related to the usage of product

3.6. Growth potential analysis

3.7. Porter’s analysis

3.8. Technology trends

3.9. Regulatory trends

3.10. Company market share analysis, 2016

3.10.1. Strategic landscape

3.11. PESTEL analysis

3.12. Pricing analysis

3.12.1. Regional pricing

3.12.2. Cost structure analysis

Chapter 4. Monoethylene Glycol Market, Grade By Application

4.1. Global monoethylene glycol market share grade by application, 2016 & 2024

4.2. Polyester grade

4.2.1. Market estimates and forecasts, by application, 2013 – 2024

· Polyester fiber

· PET

4.2.2. Market estimates and forecasts by region, 2013 – 2024

4.3. Industrial grade

4.3.1. Market estimates and forecasts, by application, 2013 – 2024

· Chemical intermediates

· Others

4.3.2. Market estimates and forecasts by region, 2013 – 2024

4.4. Antifreeze grade

4.4.1. Market estimates and forecasts, by application, 2013 – 2024

· Antifreeze & coolants

· Others

4.4.2. Market estimates and forecasts by region, 2013 – 2024

4.5. Low conductivity grade

4.5.1. Market estimates and forecasts, by application, 2013 – 2024

· Polyester Fiber

· PET

· Antifreeze & coolants

· Chemical intermediates

· Others

4.5.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Monoethylene Glycol Market, By Application

5.1. Global monoethylene glycol 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 intermediates

5.5.1. 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

Chapter 6. Monoethylene Glycol Market, By Region

6.1. Global monoethylene glycol market share by region, 2016 & 2024

6.2. North America

6.2.1. North America market estimates and forecast, 2013 - 2024

6.2.2. North America market estimates and forecasts grade by application, 2013 – 2024

6.2.3. North America market estimates and forecasts by application, 2013 – 2024

6.2.4. U.S.

6.2.4.1. U.S. market estimates and forecast, 2013 - 2024

6.2.4.2. U.S. market estimates and forecasts grade by application, 2013 – 2024

6.2.4.3. U.S. market estimates and forecasts by application, 2013 – 2024

6.2.5. Canada

6.2.5.1. Canada market estimates and forecast, 2013 - 2024

6.2.5.2. Canada market estimates and forecasts grade by application, 2013 – 2024

6.2.5.3. Canada market estimates and forecasts by application, 2013 – 2024

6.3. Europe

6.3.1. Europe market estimates and forecast, 2013 - 2024

6.3.2. Europe market estimates and forecasts grade by application, 2013 – 2024

6.3.3. Europe market estimates and forecasts by application, 2013 – 2024

6.3.4. Germany

6.3.4.1. Germany market estimates and forecast, 2013 - 2024

6.3.4.2. Germany market estimates and forecasts grade by application, 2013 – 2024

6.3.4.3. Germany market estimates and forecasts by application, 2013 – 2024

6.3.5. UK

6.3.5.1. UK market estimates and forecast, 2013 - 2024

6.3.5.2. UK market estimates and forecasts grade by application, 2013 – 2024

6.3.5.3. UK market estimates and forecasts by application, 2013 – 2024

6.3.6. France

6.3.6.1. France market estimates and forecast, 2013 - 2024

6.3.6.2. France market estimates and forecasts grade by application, 2013 – 2024

6.3.6.3. France market estimates and forecasts by application, 2013 – 2024

6.3.7. Spain

6.3.7.1. Spain market estimates and forecast, 2013 - 2024

6.3.7.2. Spain market estimates and forecasts grade by application, 2013 – 2024

6.3.7.3. Spain market estimates and forecasts by application, 2013 – 2024

6.3.8. Italy

6.3.8.1. Italy market estimates and forecast, 2013 - 2024

6.3.8.2. Italy market estimates and forecasts grade by application, 2013 – 2024

6.3.8.3. Italy market estimates and forecasts by application, 2013 – 2024

6.3.9. Russia

6.3.9.1. Russia market estimates and forecast, 2013 - 2024

6.3.9.2. Russia market estimates and forecasts grade by application, 2013 – 2024

6.3.9.3. Russia market estimates and forecasts by application, 2013 – 2024

6.4. Asia Pacific

6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024

6.4.2. Asia Pacific market estimates and forecasts grade by application, 2013 – 2024

6.4.3. Asia Pacific market estimates and forecasts by application, 2013 – 2024

6.4.4. China

6.4.4.1. China market estimates and forecast, 2013 - 2024

6.4.4.2. China market estimates and forecasts grade by application, 2013 – 2024

6.4.4.3. China market estimates and forecasts by application, 2013 – 2024

6.4.5. India

6.4.5.1. India market estimates and forecast, 2013 - 2024

6.4.5.2. India market estimates and forecasts grade by application, 2013 – 2024

6.4.5.3. India market estimates and forecasts by application, 2013 – 2024

6.4.6. Japan

6.4.6.1. Japan market estimates and forecast, 2013 - 2024

6.4.6.2. Japan market estimates and forecasts grade by application, 2013 – 2024

6.4.6.3. Japan market estimates and forecasts by application, 2013 – 2024

6.4.7. Australia

6.4.7.1. Australia market estimates and forecast, 2013 - 2024

6.4.7.2. Australia market estimates and forecasts grade by application, 2013 – 2024

6.4.7.3. Australia market estimates and forecasts by application, 2013 – 2024

6.4.8. Indonesia

6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024

6.4.8.2. Indonesia market estimates and forecasts grade by application, 2013 – 2024

6.4.8.3. Indonesia market estimates and forecasts by application, 2013 – 2024

6.4.9. Malaysia

6.4.9.1. Malaysia market estimates and forecast, 2013 - 2024

6.4.9.2. Malaysia market estimates and forecasts grade by application, 2013 – 2024

6.4.9.3. Malaysia market estimates and forecasts by application, 2013 – 2024

6.4.10. South Korea

6.4.10.1. Malaysia market estimates and forecast, 2013 - 2024

6.4.10.2. Malaysia market estimates and forecasts grade by application, 2013 – 2024

6.4.10.3. Malaysia market estimates and forecasts by application, 2013 – 2024

6.5. Latin America (LATAM)

6.5.1. LATAM market estimates and forecast, 2013 - 2024

6.5.2. LATAM market estimates and forecasts grade by application, 2013 – 2024

6.5.3. LATAM market estimates and forecasts by application, 2013 – 2024

6.5.4. Brazil

6.5.4.1. Brazil market estimates and forecast, 2013 - 2024

6.5.4.2. Brazil market estimates and forecasts grade by application, 2013 – 2024

6.5.4.3. Brazil market estimates and forecasts by application, 2013 – 2024

6.5.5. Mexico

6.5.5.1. Mexico market estimates and forecast, 2013 - 2024

6.5.5.2. Mexico market estimates and forecasts grade by application, 2013 – 2024

6.5.5.3. Mexico market estimates and forecasts by application, 2013 – 2024

6.6. Middle East & Africa (MEA)

6.6.1. MEA market estimates and forecast, 2013 - 2024

6.6.2. MEA market estimates and forecasts grade by application, 2013 – 2024

6.6.3. MEA market estimates and forecasts by application, 2013 – 2024

6.6.4. South Africa

6.6.4.1. South Africa market estimates and forecast, 2013 - 2024

6.6.4.2. South Africa market estimates and forecasts grade by application, 2013 – 2024

6.6.4.3. South Africa market estimates and forecasts by application, 2013 – 2024

6.6.5. GCC

6.6.5.1. GCC market estimates and forecast, 2013 - 2024

6.6.5.2. GCC market estimates and forecasts grade by application, 2013 – 2024

6.6.5.3. GCC market estimates and forecasts by application, 2013 – 2024

Chapter 7. Company Profiles

7.1. Royal Dutch Shell plc

7.1.1. Business overview

7.1.2. Financial data

7.1.3. Product landscape

7.1.4. Strategic outlook

7.1.5. SWOT analysis

7.2. Reliance Industries Limited

7.2.1. Business overview

7.2.2. Financial data

7.2.3. Product landscape

7.2.4. Strategic outlook

7.2.5. SWOT analysis

7.3. BASF SE

7.3.1. Business overview

7.3.2. Financial data

7.3.3. Product landscape

7.3.4. Strategic outlook

7.3.5. SWOT analysis

7.4. Saudi Basic Industries Corporation (SABIC)

7.4.1. Business overview

7.4.2. Financial data

7.4.3. Product landscape

7.4.4. Strategic outlook

7.4.5. SWOT analysis

7.5. Mitsubishi Chemical Corporation (MCC)

7.5.1. Business overview

7.5.2. Financial data

7.5.3. Product landscape

7.5.4. Strategic outlook

7.5.5. SWOT analysis

7.6. Lotte Chemical Corporation

7.6.1. Business overview

7.6.2. Financial data

7.6.3. Product landscape

7.6.4. Strategic outlook

7.6.5. SWOT analysis

7.7. Nan Ya Plastics Corporation

7.7.1. Business overview

7.7.2. Financial data

7.7.3. Product landscape

7.7.4. Strategic outlook

7.7.5. SWOT analysis

7.8. The Dow Chemical Company

7.8.1. Business overview

7.8.2. Financial data

7.8.3. Product landscape

7.8.4. Strategic outlook

7.8.5. SWOT analysis

7.9. Sinopec Zhenhai Refining & Chemical Company (ZRCC)

7.9.1. Business overview

7.9.2. Financial data

7.9.3. Product landscape

7.9.4. Strategic outlook

7.9.5. SWOT analysis

7.10. LyondellBasell Industries N.V.

7.10.1. Business overview

7.10.2. Financial data

7.10.3. Product landscape

7.10.4. Strategic outlook

7.10.5. SWOT analysis

7.11. MEGlobal

7.11.1. Business overview

7.11.2. Financial data

7.11.3. Product landscape

7.11.4. Strategic outlook

7.11.5. SWOT analysis

7.12. ExxonMobil Corporation

7.12.1. Business overview

7.12.2. Financial data

7.12.3. Product landscape

7.12.4. Strategic outlook

7.12.5. SWOT analysis

7.13. AkzoNobel

7.13.1. Business overview

7.13.2. Financial data

7.13.3. Product landscape

7.13.4. Strategic outlook

7.13.5. SWOT analysis

7.14. India Glycols

7.14.1. Business overview

7.14.2. Financial data

7.14.3. Product landscape

7.14.4. Strategic outlook

7.14.5. SWOT analysis

7.15. Chemtex Speciality Limited

7.15.1. Business overview

7.15.2. Financial data

7.15.3. Product landscape

7.15.4. Strategic outlook

7.15.5. SWOT analysis

Authors: Kiran Pulidindi, Akshay Prakash

For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at [email protected]

Explore Our Licensing Options:

Immediate Delivery Available

Premium Report Details

Base Year: 2016

Companies covered: 15

Tables & Figures: 443

Countries covered: 19

Pages: 260

Download Free PDF