The Monoethylene Glycol Market was worth USD 21.45 billion in the year 2014 and is expected to reach approximately USD 38.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.78% during the forecast period.Themarket is segmented by Grade, Application and Regions. In terms of grade the market is segmented into Industrial, Low Conductivity, Polyester and Antifreeze. On the basis of application the market is segmented into Polyester Fiber, Antifreeze & Coolants, PET and Chemical Intermediates.
The worldwide Monoethylene glycol market is anticipated to experience a basic improvement over the figure time span. The market is expected to be affected by expanding interest of MEG as raw material for the creation of polyester strands. Monoethylene glycol (MEG) is a basic unrefined material for present day applications.
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Polyester grade section are foreseen to generate highest market share
Polyester grade segment are anticipated to create most noteworthy piece of the overall industry over the estimate time frame inferable from the changing purchaser lifestyle combined with ceaseless examples of recently sketched out cluster will drive the polyester fiber industry in coming years.
Polyethylene terephthalate (PET) industry is expected to generate highest market share over the forecast period
The global Monoethylene glycol (MEG) market is portioned into PET, Chemical Intermediates, Antifreeze and Coolants, Polyester Fiber, on the basis of applications. Polyethylene terephthalate (PET) industry is foreseen to create most elevated piece of the overall industry over the conjecture time frame because of moving preference towards metal, wood and paperboard towards plastics in packaging industry and has basically upscaled the monoethylene glycol market demand as the product is generally used in the product of PET.
In 2014North America possessed a major share of the Monoethylene glycol (MEG) Market
North America possessed a major share of the Monoethylene glycol (MEG) Market in 2014 because of the expanding interest for polyester strands and expanding disposal income particularly among middle income group. The Asia-Pacific market has not encountered any significant development because of high valuing of MEG as a raw material, however can encounter ideal development in coming years attributable to expanding in disposable income in the area.
The leading players in the market are Regal Dutch, SABIC,AkzoNobel, The Dow Chemicals, Dependence Enterprises and Mitsubishi Compound.
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Table of Contents
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
- Executive Summary
2.1. Key Highlights
- Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
18.104.22.168. Growing demand for polyester fiber in Asia Pacific region
22.214.171.124. Growth in Industrial Sector
126.96.36.199. High Price of Raw Material
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