Monoethylene Glycol Market Size, Revenue Share, Drivers & Trends Analysis, 2020–2026

 

Monoethylene Glycol Market

The latest research study published by Reports and Data titled Monoethylene Glycol Market provides a thorough assessment of the market. According to the current analysis of Reports and Data, The global monoethylene glycol market was valued at USD 25.62 Billion in 2018 and is expected to reach USD 36.98 Billion by year 2026, at a CAGR of 4.7%. The report analyzes the historical and present-day scenario of the global Monoethylene Glycol Market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Monoethylene Glycol Market, to identify the opportunistic avenues of the business potential for stakeholders. The report offers key insights into market share, market size, and market revenue growth for the forecast period 2021-2026.

Market Overview:

Many industrial operations necessitate the use of chemicals. As a result, the materials and chemicals industry is always intertwined with other industries. When one is used to produce the other, there is a correlation. Chemicals from chemical manufacturers and suppliers are used as raw materials in other industries.

Currently, more than 70% of chemical industry products are consumed by other industries, with about 20% being used by the industry itself for other operations. Food and health, textiles, transportation, medicines, and other businesses are supported by this 70%. Only 10% of the products are intended to be used as consumer goods. The materials and chemicals industry's expansion is reliant on demand from other industries. As a result, rising manufacturing rates in other industries have a direct impact on supply.

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Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Rising investments by the key industry players for the R&D activities will further bolster market growth over the analysis period.

The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Monoethylene Glycol market.

Key companies profiled in the report: LyondellBasell, The Dow Chemical Company, ME Global, SABIC, ExxonMobil Corporation, Formosa Plastic Group, AkzoNobel and Honam Petrochemical Corporation

Regions covered by the report:

North America (U.S.A., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Monoethylene Glycol Segmentation:

Technology (Revenue, USD Million; 2016–2026)

  • Naphtha-Based
  • Coal-And Natural Gas-Based
  • Bio-Based Monoethylene Glycol Production
  • Technology Providers

Application (Revenue, USD Million; 2016–2026)

  • Fiber
  • PET
  • Film
  • Antifreeze & Coolant
  • Others

End use (Revenue, USD Million; 2016–2026)

  • Packaging
  • Automotive
  • Textiles
  • Chemicals
  • Paper
  • Leather

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Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

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