Dublin, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The "Monoethylene Glycol (MEG): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Monoethylene Glycol (MEG) Market to Reach $38.4 Billion by 2030
The global market for Monoethylene Glycol (MEG) estimated at US$27.9 Billion in the year 2022, is projected to reach a revised size of US$38.4 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
This data covers various applications, including Fiber, PET, Antifreeze & Coolant, Film, and Other Applications, providing a holistic view of the MEG market.
In the report analysis, Fiber is identified as a prominent segment, anticipated to achieve a 4.5% Compound Annual Growth Rate (CAGR) with an estimated value of US$12.9 Billion by the conclusion of the assessment period. Adjusted in light of the ongoing post-pandemic recovery, the PET segment is expected to experience a revised 3.8% CAGR over the subsequent 8 years.
The comprehensive examination of the global Monoethylene Glycol (MEG) market encompasses annual sales figures from 2014 to 2030. This analysis provides an in-depth assessment of various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa, with a specific focus on sales data spanning 2022 to 2030, accompanied by the associated percentage CAGR.
Moreover, a historical review spanning from 2014 to 2021 furnishes valuable insights into past market trends. Furthermore, a 16-year perspective encompassing the years 2014, 2023, and 2030 delivers a comprehensive breakdown of value sales across these regions.
The Monoethylene Glycol (MEG) market in the United States is estimated to be worth US$7.6 Billion in 2022. China, as the world's second-largest economy, is projected to attain a market size of US$8 Billion by 2030, with a CAGR of 6.9% during the analysis period from 2022 to 2030.
Other noteworthy geographic markets include Japan and Canada, with growth forecasts of 2.1% and 3.4%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to achieve a CAGR of approximately 2.7%. Additionally, the Asia-Pacific market, led by countries such as Australia, India, and South Korea, is projected to reach US$5.1 Billion by 2030.
The report also encompasses competitive analysis featuring industry leaders such as Akzo Nobel NV, BASF SE, Exxon Mobil Corporation, among others. This comprehensive market data and in-depth analysis are poised to enhance your market presence and competitive advantage.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $27.9 Billion |
| Forecasted Market Value (USD) by 2030 | $38.4 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Monoethylene Glycol (MEG): A Prelude
- Increasing Demand and Resultant Surge in Production of Polyester Fiber Boosts Demand for MEG
- Global Demand for Polyester Fiber: Breakdown in Million Metric Tons for the Years 2017, 2019, 2021, 2023 and 2025
- Global Fiber Demand: Percentage Breakdown by Fiber Type for the Year 2017
- MEG: Production Capacity and Pricing Trend
- Global MEG Production Capacity in Million tons by Region for the Year 2018
- Global Mono-Ethylene Glycol Capacity in Million Tons by Process for the Year 2018
- Projected MEG Production Capacity Expansions Worldwide by Select Companies through 2021 in '000 Tonnes/Year
- Global Monthly MEG Prices in US$/Ton by Select Regions for the Year 2017
- MEG Prices in China and the US in US$/Ton by Month for the Year 2016-2017
- Competition
- MEG: A Fragmented Market
- Global Glycol Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
- Monoethylene Glycol (MEG) - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Growing Use of PET in Packaging Industries Bode Well for Growth of MEG Market
- Global PET Bottles Market: Sales in Billion Units for the Years 2017, 2019, 2021, 2023 and 2025
- Growing Demand for MEG in Antifreeze & Coolant Applications
- High Potential for the Development of Bio-Based MEG: An Opportunity Indicator
- Product Overview
- Monoehtylene Glycol (MEG) - An Introduction
FOCUS ON SELECT PLAYERS(Total 21 Featured)
- Akzo Nobel NV
- BASF SE
- Clariant AG
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- EQUATE Petrochemical - MEGlobal
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- Huntsman International LLC
- India Glycols Limited
- Indian Oil Corporation Ltd.
- Indorama Ventures Public Company Limited
- Ineos Oxide
- Kuwait Petroleum Corporation
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Chemical Corporation
- Mitsui Chemicals, Inc.
- PTT Global Chemical Public Company Limited
- Reliance Industries Ltd.
- Royal Dutch Shell PLC
- SABIC (Saudi Basic Industries Corporation)
- SIBUR Holding OJSC
- Sinopec Corporation
For more information about this report visit https://www.researchandmarkets.com/r/b94mr
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