Mono-ethylene Glycol Market 2020: Global Market Size & Growth, Future Challenges, Revenue, Demand, Industry Growth and Top Players Analysis to 2023
Global “Mono-ethylene Glycol Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Mono-ethylene Glycol market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Mono-ethylene Glycol market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Mono-ethylene Glycol Market Research Report 2020-2023
- SABIC
- Royal Dutch Shell Plc.
- Reliance Industries Limited
- Mitsubishi Chemical Corporation (MCC)
- DowDuPont
- BASF SE
- Nan Ya Plastics Corporation
- Lotte Chemical Corporation
- LyondellBasell Industries N.V.
- Solventis
- AkzoNobel
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Overview of Mono-ethylene Glycol Market:
The global mono-ethylene glycol (MEG) market is expected to witness a CAGR of 4.5% owing to the increase in utilization of polyethylene terephthalate (PET) in the packaging industry. The growing demand for polyester from the textile industry is also likely to stimulate the MEG market during the forecast period.PET Demand from Packaging Industry Driving the MarketThe demand of PET is on the surge from the packaging industry and has significantly upscaled the mono-ethylene glycol market, as it is widely used in PET production. Food & beverage and pharmaceutical packaging are the key contributors to the industry growth, due to the predominant utilization of PET to produce packaging products, such as films, sheets, bottles, etc.Polyester Fiber the Dominant ApplicationPolyester fiber application accounted for more than 50% of the MEG market share. The driving force for polyester fibers market is the increasing demand from the textile industry, primarily in the Asia-Pacific region. PET bottles are the second leading market for MEG globally. Around 10% of the market is attributed to antifreeze, where MEG is used for different purposes, such as for preserving biological tissues and organs, or as de-icing fluids in windshields and aircraft. The PET application is expected to grow at the fastest rate, due to increasing demand for packaging from the food & beverage industry.Textile Industry Supporting the MEG Market in Asia-PacificAsia-Pacific leads in the consumption and production of MEG and is likely to continue its position due to the increasing textile and fiber production in the region. The rise in demand from the automotive industry, where MEG is used as antifreeze and coolants, is a major factor contributing to the growth of the mono-ethylene glycol market in Asia-Pacific. North America and Europe are likely to show a sluggish growth owing to the presence of stringent regulations regarding the manufacturing of the product.
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Key Highlights from Mono-ethylene Glycol Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Mono-ethylene Glycol industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Mono-ethylene Glycol Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Mono-ethylene Glycol Market report additionally provides distribution, Production, Consumption for the complete industry.
Mono-ethylene Glycol Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reason to Purchase the ReportTo understand the impact of various production process type on the market.Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.To understand the dominating application and end-user industry in the market.Identify the countries expected to witness the fastest growth during the forecast period.Identify the latest developments, market shares, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).
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Mono-ethylene Glycol Market 2020 Report Brief:-
- The report covers forecast and analysis for the Mono-ethylene Glycol market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Mono-ethylene Glycol market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Mono-ethylene Glycol Market 2020 Research Report at
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