Monoethylene Glycol Market 2023 Analysis Of Production, Future Demand, Sales And Consumption Research Report To 2032
The scope of the Monoethylene Glycol Market research report includes industry research, customer insights, market sizing & forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment. This market report provides excellent business solutions with which many challenges of the business can be conquered. Market definition in the report gives the scope of a particular product with respect to the driving factors and restraints in the market. Market segmentation is performed in detail based on various parameters that include applications, verticals, deployment models, end users, and geography.
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It also includes strategic profiling of top players in the market, wide-ranging analysis of their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions that are applicable to the businesses. A thoughtful knowledge of industrial unanimity, market trends, and incredible techniques gives clients an upper hand in the market. Businesses can efficiently bring into play the data, statistics, research, and insights about the market included in the Monoethylene Glycol Market report to make decisions about business strategies and attain maximum return on investment (ROI).
The company profiles of all the major market players and brands that are dominating the Monoethylene Glycol Market with moves like product launches, joint ventures, merges, and accusations which in turn are affecting the sales, import, export, revenue, and CAGR values have been cited in the report. The study consists of a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness.
The research further covers segments such as product type, market share, availability on-premises, and end-users type, and availability in geographical regions such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The dedicated section on the opportunities and challenges ahead of Monoethylene Glycol Market participants is a valuable addition to this report. The section is capable of improving business knowledge about the latest innovations and needed improvisation to keep the market position intact with time in the forecast period 2023- 2032.
The global monoethylene glycol market is predicted to rise at a CAGR of 5.4% during 2022-2032. The monoethylene glycol market share is estimated to reach US$ 65 Bn by 2032 from US$ 38.4 Bn in 2022.
Competitive Landscape
Nouryon, BASF SE, Dow, India Glycols Limited, LACC, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Reliance Industries Limited, Royal Dutch Shell PLC, SABIC, and Solventis are the key players in the market.
In the foreseeable period, rising consumption across end-use industries, combined with technological advances, is expected to drive the demand for monoethylene glycol. Anti-corrosion agents, anti-freeze, coolant materials, dewatering agents, and a variety of other chemical intermediates can all be made with this product.
The monoethylene glycol can also be used to make various hygroscopic materials that are employed in a variety of industries, including textiles, packaging, and automobiles. Furthermore, capacity expansion in China and the Middle East is expected to drive product and monoethylene glycol market expansion.
Together, Mitsubishi Chemicals and Reliance Industries control more than 40% of the global monoethylene glycol market.
Recent Developments in the Monoethylene Glycol Market :
ExxonMobil and SABIC announced in January 2022 that Gulf Coast Growth Ventures’ world-class manufacturing facility in San Patricio County, Texas, had successfully launched. A mono-ethylene glycol unit with an annual capacity of 1.1 million metric tonnes is part of the new facility’s activities.
SABIC announced the start-up of the Ethylene Glycol Plant – 3 at its manufacturing subsidiary, Jubail United Petrochemical Company (United), in November 2021, with an annual mono-ethylene glycol production capacity of 700,000 metric tonnes.
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Key Segments
- By Application :
- Polyester Fiber
- PET Bottle
- PET Film
- Antifreeze
- Industrial
- By End User :
- Textile
- Packaging
- Plastic
- Automotive and Transportation
- Other End User Industries
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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