Global Monoethylene Glycol Market Size, Status and Forecast 2021-2026
The Monoethylene Glycol Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
According to Verified Market Research, The Global Monoethylene Glycol Market was valued at USD 24.37 Billion in 2018 and is projected to reach USD 34.58 Billion by 2026, growing at a CAGR of 4.49 % from 2018 to 2026.
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Top Leading Companies of Global Monoethylene Glycol Market are Finex Oy, Formosa Plastic Group, AkzoNobel, Honam Petrochemical Corporation, Reliance Industries Limited and others.
What is Monoethylene Glycol?
Monoethylene glycol (MEG) is an odourless, colourless, syrupy liquid with a sweet taste. Mono-ethylene glycol is a vital ingredient for the production of polyester fibres film, polyethylene terephthalate (PET) resins and engine coolants. Mono-ethylene glycol and its intermediates are required for synthesis of resins, solvent couplers, freezing point depression, solvents and humectants.
Global Monoethylene Glycol Market Outlook
Growing demand for polyester fibers majorly from china and rising production of polyethylene terephthalate drives the demand for monoethylene glycol. 55% of monoethylene glycol is used to make polyester fibres while 25% of MEG is used in polyethylene terephthalate, packaging and bottles. The second largest market for monoethylene glycol is in antifreeze applications where it is element in the manufacture of antifreeze, coolants, aircraft anti-icer, and de-icers.
Monoethylene Glycol Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary, and advanced information about the Monoethylene Glycol Market global status and trend, market size, share, growth, trends analysis, segment, and forecasts from 2021-2026.
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Highlights of the Monoethylene Glycol Market Report:
– Detailed overview of Monoethylene Glycol Market
– Changing the Monoethylene Glycol market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Monoethylene Glycol market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Monoethylene Glycol Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Monoethylene Glycol Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Monoethylene Glycol industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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