The
latest report on Monoethylene Glycol Market by Infinium Global Research gives complete
coverage of the Monoethylene Glycol Market by grades(polyester grade,
industrial grade, antifreeze grade and low conductivity grade),
applications(polyester resin, polyester fibers, antifreeze & coolants,
chemical intermediates, heat transfer fluids) in terms of key trends, market
size, forecast and CAGR growth over the period of 2017 to 2023. In addition,
the study covers deep dive into key product and applications trends in the regional
markets of Monoethylene Glycol such as North America, Europe, Asia-Pacific and
Latin America over the short run and long run.
Browse Research Report: https://www.infiniumglobalresearch.com/chemical_material/global_monoethylene_glycol_market
Market insights
The
global monoethylene glycol market was sized over USD 25 billion in 2015. The
global monoethylene glycol market is projected to grow with a CAGR between 6.0%
and 6.5% during 2017-2023. Increasing demand of mono ethylene glycol in end use
industries such as consumer goods, construction, automotive, pharmaceutical,
textiles and chemical remains the key factor driving the growth of global mono
ethylene glycol market. In addition, increasing use of mono ethylene glycol in
polyester fiber and polyethylene terephthalate is likely to drive the growth of
market. Furthermore, rapid urbanization and changing lifestyle of consumers
especially in emerging economies such as China, India, Mexico and Brazil has
been driving the polyethylene terephthalate, one of the key materials used in
packaging sector which in turn is projected to boost the global mono ethylene
glycol market over the forecast period. Moreover, fluctuation in prices of raw
materials and sustainability issues related to mono ethylene glycol are the key
factors restraining the growth of this market. Increasing popularity of bio
based MEG and increasing R&D of ecofriendly alternatives that can help in
removing the toxic nature of mono ethylene glycol are likely to bring more
opportunities to this market.
Get Sample Copy of this Report: https://www.infiniumglobalresearch.com/Reports/MakeSampleRequest/758
Segments covered:
The
report segments the monoethylene glycol market by grades and by applications.
Monoethylene glycol market segmentation based on different grades include
polyester grade, industrial grade, antifreeze grade and low conductivity grade.
Moreover, the global monoethylene glycol market based on application is
segmented into polyester resin, polyester fibers, antifreeze & coolants,
chemical intermediates, heat transfer fluids and others.
Geographic
coverage and analysis:
The
report provides regional analysis covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World. In this section the key trends and
market size for each geography is provided over the period of 2017 – 2023.
Asia
pacific was the largest market among the geographies due to consumption of
nearly half of the global mono ethylene glycol. Furthermore, Asia Pacific is
expected to continue its dominance and is anticipated to grow at the highest
CAGR rate over the forecast period due to rapid growth of end use industries
such as automobile, packaging, and textile in China, India and South Korea.
Following the Asia Pacific Region, North America and Europe were also accounted
to have a strong hold on global mono ethylene glycol market. Furthermore, these
regions are expected to have a moderate growth rate over the forecast period
owing to their serial recovery from the economic slowdown. Moreover, Latin
America (covered in row region) is expected to grow gradually over the forecast
period due to rapid industrialization and changing lifestyle of the consumers
in Brazil and other countries.
Companies
Profiled:
The companies covered in the report
include Sabic, The Dow Chemical Company, Royal Dutch Shell Plc, Reliance
Industries Limited, Nan YA Plastics (Huizhou), Zhenhai Refining &
Chemicals, BASF SE, Exxonmobil Corportion, Formosa Plastic Group, Akzonobel,
Lyondellbasell, Meglobal and Honam Petrochemical Corporation.
Report
highlights:
The
report provides deep insights on demand forecasts, market trends and micro and
macro indicators. In addition, this report provides insights on the factors
that are driving and restraining the demand of monoethylene glycol globally as
well as regionally. Moreover, IGR-growth matrix analysis given in the report
brings an insight on the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as porter’s five forces analysis and value chain analysis of
monoethylene glycol.
Moreover,
the study highlights current market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in the monoethylene glycol market
that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight on the
market strategies of the leading players. This report will help manufacturers,
suppliers and distributors of the monoethylene glycol market to understand the
present and future trends in this market and formulate their strategies accordingly.
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dearth of opportunities for you. With our strategic research approaches and
deep dive in the market segments, we try to find out new opportunities that our
clients can encash with their existing resources. Our experts with over 100
years of cumulative experience in research offer the best in the industry
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