Monoethylene Glycol Market Projected to Grow at a Steady Pace During 2021-2026

OCT 08,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Monoethylene Glycol Market.

Monoethylene Glycol Market is likely to witness a CAGR of 6.5% during the forecast period. Some of the major factors contributing to the growth of the market over the forecast period are growing production of polyethylene terephthalate, rise in various industrial sectors, and increase in the demand for polyester fiber in the Asia-Pacific region.

Monoethylene Glycol is basically an organic compound which is produced by the reaction of ethylene oxide and water, and can also be utilized as a corrosion inhibitor in antifreeze and in the manufacturing of polyester fibers.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the grade type, the market is segmented as polyester grade, industrial grade, antifreeze grade, and low conductivity grade. Polyester grade is estimated to be the dominating segment of the market over the forecast period. It has wide range of applications owing to some of its lucrative characteristics, such as moisture absorbing feature and low-volatility.

Based on the application type, the market is segmented as polyester fiber, PET, antifreeze & coolants, chemical intermediates, and others. Polyester fiber is estimated to account for the major share of the market on account of its utilization in myriad end-use industries such as resins, electronics, and textiles. On the other hand, PET is estimated to register high growth rate in the market due to high consumption of products in the packaging industry.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period on account of rising per capita income, growing textile sector, and presence of some of the major manufacturers in the regional market. North America and Europe are also estimated to offer substantial growth opportunities over the forecast period.

Key Players:

  • Lotte Chemical Corporation
  • LyondellBasell Industries N.V.
  • Mitsubishi Chemical Corporation
  • Nan Ya Plastics Corporation
  • Reliance Industries Limited
  • Royal Dutch Shell Plc
  • Saudi Basic Industries Corporation
  • Sinopec Zhenhai Refining & Chemical Company
  • The Dow Chemical Company.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Monoethylene Glycol Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.