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Mono Ethylene Glycol Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
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www.marketresearchfuture.com2 Mono Ethylene Glycol Market Research Report- Forecast to 2023 The Global Mono-Ethylene Glycol Market is presumed to post a steady CAGR during the forecast period (2017-2023) owing to rapid urbanization, asserts Market Research Future (MRFR). Mono-Ethyl Glycol (MEG) is referred to as an odorless and colorless syrup liquid which possesses a sweet taste. It is produced from ethylene via ethylene oxide and is further hydrated through thermal or catalytic process. Mono-Ethylene Glycol is an important raw material used to manufacture resins, heat transfer fluids, deicing fluids, water-based adhesives, automotive antifreeze and coolants, electrolytic capacitors, latex paints and asphalt emulsions, leather, textile fibers, and paper. Drivers and Constraints Impacting the Market: With the increasing demand for Mono-Ethylene Glycol in the production of polyethylene terephthalate and polyester fiber, the market is considered to flourish across the globe. Polyethylene terephthalate is extensively used in packaging items such as bottles and tetra packs owing to its bio-degradability which is considered to fuel the market growth. Also, with the growth in industrial sectors such as agriculture, manufacturing, mining, and others, the Global Mono-Ethylene Glycol Market is estimated to foster the market growth during the assessment period. Additionally, rapid industrialization and urbanization coupled with rising population are expected to contribute to the market growth. Moreover, growing demand for polyester fiber from the textile industry has triggered the production of mono-ethylene glycol. Mono-Ethylene Glycol also possesses superior properties such as low freezing point, high viscosity, and high boiling point, and is thus employed in the deicing materials and manufacture coolants. This is further estimated to offer impetus to the global market during the review period. On the flip side, health hazards associated with Mono-Ethyl Glycol are estimated to retard the market growth to a large extent. Ethylene-glycol breaks down in the body to form chemicals that crystallize in the kidney, thus affecting the kidney function. It also forms acidic chemicals in the body which alters the body’s acid/base balance, thereby affecting the nervous system, heart, and lungs. Moreover, the volatility in raw material prices is considered to impede the market growth in the coming years. Mono Ethylene Glycol Market - Overview
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www.marketresearchfuture.com3 Mono Ethylene Glycol Market Research Report- Forecast to 2023 The Global Mono-Ethylene Glycol Market has been segmented on the basis of application, End-Use Industries and Region. By Mode of Application, the Global Mono-Ethylene Glycol Market has been segmented into polyethylene terephthalate, polyester fiber, solvent, antifreeze & coolants, chemical intermediate, and others. Among these, the polyester fiber application accounts for the major market share owing to the increasing demand from the textile industry. Polyethylene terephthalate (PET) bottles account for the second largest share and are estimated to expand at the fastest rate owing to the rising demand for packaging from the F&B industry. By Mode of End-Use Industries, the Global Mono-Ethylene Glycol Market has been segmented into automotive, packaging, chemicals, textiles, leather, paper, and others. View Complete TOC with Tables and Figures @ https://www.marketresearchfuture.com/reports/mono-ethylene- glycol-market-2709https://www.marketresearchfuture.com/reports/mono-ethylene- glycol-market-2709 Segmental Analysis
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www.marketresearchfuture.com4 Mono Ethylene Glycol Market Research Report- Forecast to 2023 Regional Outlook The Asia Pacific region leads the Global Mono-ethylene Glycol Market with the largest market share. The market is growing with the increasing demand for polyester fiber, consumer goods manufacturing and the expanding production capacities in the region. Besides, the increasing industrial sector in China and India fosters the market growth in the region. The region is expected to retain its dominance during the forecast period. On the other hand, Monoethylene Glycol Market in North America and Europe region are expected to experience a sluggish growth due to the stringent regulations imposed on the manufacturing of the product by various associations such as Toxic Substances Control Act, European Protection Agency, and European Union.
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www.marketresearchfuture.com5 Mono Ethylene Glycol Market Research Report- Forecast to 2023 Major Players in this Research Mono Ethylene Glycol Market Prominent Players: SABIC (Saudi Arabia) The Dow Chemical Company (U.S.) Akzo Nobel N. V. (Netherlands) Mitsubishi Chemical Corporation (Japan) Royal Dutch Shell plc (Netherlands) LOTTE Chemical CORPORATION (South Korea) China Petroleum & Chemical Corporation (China) Exxon Mobil Corporation (U.S.) BASF SE (Germany) MEGlobal (UAE) Formosa Plastics Corporation (Taiwan) Get Sample PDF of Report with Your Corporate E-mail ID @ https://www.marketresearchfuture.com/sample_request/2709 https://www.marketresearchfuture.com/sample_request/2709
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www.marketresearchfuture.com6 ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
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www.marketresearchfuture.com7 MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK)
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