The market for monoethylene glycol (MEG) was estimated to be worth USD 35.12 billion in 2023, and the overall income from debt collection software is projected to increase at a compound annual growth rate (CAGR) of 6.2% between 2024 and 2030, reaching around USD 53.51 billion by that time.
Monoethylene Glycol (MEG) Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Monoethylene Glycol (MEG) Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Monoethylene Glycol (MEG) market, with forecasts outspreading to the year 2030.
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Monoethylene Glycol (MEG) Market Scope and Methodology:
The research provides a thorough understanding of the Monoethylene Glycol (MEG) industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Monoethylene Glycol (MEG) market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Monoethylene Glycol (MEG) market and its segments. The examination of the Monoethylene Glycol (MEG) industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Monoethylene Glycol (MEG) industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Monoethylene Glycol (MEG) Market Regional Insights
The Monoethylene Glycol (MEG) market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Monoethylene Glycol (MEG) Market Segmentation
by Process
Oxidation of Ethylene
Bio-Based Monoethylene Glycol Production
by Application
Polyester Fiber
PET Bottle
PET Film
Antifreeze & Coolant
Others
The strong demand for textiles and clothing around the world in 2023 drove the manufacturing of polyester fiber to dominate the monoethylene glycol (MEG) market. The production of PET bottles comes next, driven by the food and beverage industries' increasing desire for robust, lightweight packaging options. PET film production continues to hold a sizable market share, bolstered by its use in industrial, electrical, and packaging applications.
by End Use Industry
Textile
Packaging
Plastic
Automotive and Transportation
Other End-user Industries
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Monoethylene Glycol (MEG) Market Key Players
1. SABIC
2. Formosa
3. Dowdupont
4. BASF
5. MEGlobal
6. Sinopec
7. Shell
8. Reliance
9. SIBUR
10. PTTGC
11. Royal Dutch Shell
12. AkzoNobel
13. The Dow Chemicals
14. Mitsubishi Chemical
15. Lotte Chemical Corporation
16. Zhenhai Refining & Chemical Co., Nan Ya Plastics Corporation
17. LyondellBasell Industries
18. ExxonMobil Corporation
19. Chemtex Speciality Limited
20. India Glycols
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Table of Content: Monoethylene Glycol (MEG) Market
Part 01: Executive Summary
Part 02: Scope of the Monoethylene Glycol (MEG) Market Report
Part 03: Global Monoethylene Glycol (MEG) Market Landscape
Part 04: Global Monoethylene Glycol (MEG) Market Sizing
Part 05: Global Monoethylene Glycol (MEG) Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Monoethylene Glycol (MEG) Market are:
- What is Monoethylene Glycol (MEG)?
- What was the Monoethylene Glycol (MEG) market size in 2023?
- What is the growth rate of the Monoethylene Glycol (MEG) Market?
- Which is the fastest-growing region in the Monoethylene Glycol (MEG) market?
- Which are the factors expected to drive the Monoethylene Glycol (MEG) market growth?
- What is the CAGR at which the Monoethylene Glycol (MEG) market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Monoethylene Glycol (MEG)?
- What are the upcoming opportunities and trends for the Monoethylene Glycol (MEG) Market?
- What are the different segments of the Monoethylene Glycol (MEG) Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Monoethylene Glycol (MEG) Market?
- What segments are covered in the Monoethylene Glycol (MEG) Market?
- Who are the key players in the Monoethylene Glycol (MEG) market?
- Who are the leading companies and what are their portfolios in Monoethylene Glycol (MEG) Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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