Monoethylene Glycol Market Analysis Forecast to 2020 by P&S Market Research
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GLOBAL INDUSTRY INSIGHT: Monoethylene Glycol Market Size, Share, Development, Growth and Demand Forecast to 2020 Global Monoethylene Glycol Market Size, Share, Development, Growth and Demand Forecast to 2020 The increasing use of monoethylene glycol in polyester fiber and polyethylene terephthalate (PET) industries is propelling the growth of the global monoethylene glycol market. However, volatility in crude oil prices and regulation for environmental protection are expected to restrain the growth of the global monoethylene glycol market. The increasing demand for non-ionic surfactant and growing textile & fiber industries are expected to create ample opportunities for the growth of the global monoethylene glycol market, during the forecast period. In addition, bio-based monoethylene glycol is expected to create ample opportunities for the augmentation of the global monoethylene glycol market. Explore more or request TOC on Global Monoethylene Glycol Market at: https://www.psmarketresearch.com/market-analysis/monoethylene-glycol-market Monoethylene glycol is commonly known as ethylene glycol that is a colorless, sweet tasting, and odorless organic compound. Monoethylene glycol is manufactured from ethylene, a downstream product of natural gas and crude oil. Monoethylene glycol is one of the most important raw materials required for industrial applications. Monoethylene glycol is widely used in the production of polyester resin, fibers, and films. Additionally, it can also be used as a coolant material, anti-corrosion agent, dewatering agent, anti-freeze, aircraft anti-icer and deicers, and chemical intermediate. Based on application, the monoethylene glycol market can be segmented into antifreeze, polyester fiber, polyethylene terephthalate (PET), and others. The major application areas of monoethylene glycol are polyester fiber and polyethylene terephthalate (PET). The polyester fiber accounted for the largest market share in the application segment of the global monoethylene glycol market during 2014. The major factor driving the growth of the polyester fiber segment is the increased production of polyester fiber in Asia-Pacific. Polyethylene terephthalate (PET) is the fastest growing application segment in the global monoethylene glycol market. The major factor supporting the growth of the monoethylene glycol in PET segment is the increasing use of PET in the packaging industry. Geographically, Asia-Pacific is the largest market for monoethylene glycol. During the forecast period, the AsiaPacific monoethylene glycol market is expected to grow at the fastest rate, owing to the presence of large number of fibers and textile manufacturers in the region. Additionally, the Asia-Pacific monoethylene glycol market is driven by major textile producing countries, such as China. Other major textile producing countries such as India, Japan, and Bangladesh account for a notable share. China accounts for the largest market share in the AsiaPacific monoethylene glycol market. However, the monoethylene glycol market is also increasing steadily in other countries of Asia-Pacific, such as India and Taiwan. Moreover, the monoethylene glycol market is expected to increase significantly in the Middle East during the forecast period, owing to stable supply of raw materials. Brazil is expected to become one of the fastest emerging markets for monoethylene glycol, owing to expanding © P&S Market Research. All rights reserved 2 Global Monoethylene Glycol Market Size, Share, Development, Growth and Demand Forecast to 2020 packaging industry. This is likely to create the demand of monoethylene glycol for polyethylene terephthalate (PET) films in Latin America. Several major players such as Reliance Industries Limited and Royal Dutch Shell PLC are involved in the production of raw materials. Monoethylene glycol is produced from ethylene, a downstream product of crude oil. Reliance Industries Limited and Royal Dutch Shell PLC are also involved in the manufacturing of monoethylene glycol, which is a part of their downstream process. Saudi Basic Industries Corporation is the largest player in the global monoethylene glycol market. Browse related market research at: https://www.psmarketresearch.com/industry-report/semiconductor-andelectronics Some of the major competitors in the global monoethylene glycol market include Saudi Basic Industries Corporation (SABIC), Reliance Industries Limited, BASF SE, LyondellBasell Industries N.V., The Dow Chemical Company, Lotte Chemical Corporation, Royal Dutch Shell PLC, Nan Ya Plastics Corporation, Sinopec Zhenhai Refining & Chemical Company (ZRCC), and India Glycols Ltd. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions. Contact: Abhishek Executive – Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) © P&S Market Research. All rights reserved 3 Global Monoethylene Glycol Market Size, Share, Development, Growth and Demand Forecast to 2020 Email: [email protected] Web: https://www.psmarketresearch.com © P&S Market Research. All rights reserved 4
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