Global Monoethylene Glycol (MEG) Market: Insights and Forecast (2022 Edition)

HOUSTON - Nov. 21, 2022 - PRLog -- According to a research report published by Azoth Analytics, the Global Monoethylene Glycol Market was valued at USD 27.2 Billion in the year 2022. The organic molecule mono ethylene glycol, commonly known as MEG, EG, 1, 2-ethanediol, or 1, 2-dihydroxyethane, has the chemical formula C2H6O2.

Currently, MEG is mainly produced from fossil fuels, using ethylene as the starting material, but now the market for bio-based MEG is growing strongly. This is largely driven by consumer desire for naturally derived products, the need to reduce carbon footprints and the increasing price volatility of petrochemical raw materials. The market for bio-based chemicals as a whole is growing at around 10% per annum and there is no doubt that the future of the MEG market will belong to bio-based MEG.

Scope of the Report

The report analyses the Monoethylene Glycol Market by Value (USD million).

The report analyses the Monoethylene Glycol Market by Volume (Million Metric Tonnes).

The report presents the analysis of the Monoethylene Glycol market for the historical period of 2018-2021 and the forecast period of 2023-2028.

The report analyses the Monoethylene Glycol Market by Application (Polyester Fiber, Polyethylene terephthalate (PET), Antifreeze, Others).

The report analyses the Monoethylene Glycol Market by End User (Textile, Plastic and Packaging, Automotive and Transportation, Others).

The key insights of the report have been presented through the frameworks of market share and recent developments. Also, the attractiveness of the market has been presented by region.

Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.

The report tracks competitive developments, strategies, Volume Analysis, Cost Analysis, mergers and acquisitions and new product development. The companies analysed in the report include BASF SE, Lyondellbasell Industries N.V., SABIC, Shell Chemicals, Lotte Chemicals, Dow Chemical Company, AkzoNobel, Exxon Mobil Corporation, Huntsman Corporation, and China National Petroleum Corporation.

For more Information:

https://www.azothanalytics.com/report/chemicals-and-materials/global-monoethylene-glycol-meg-market-2022-edition-analysis-by-application-end-user-by-region-by-country-2022-edition-market-insights-and-forecast-with-impact-of-covid-19-2023-2028

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