Mono-Ethylene Glycol Market 2018: Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2023

17/apr/2018 08:25:29 Market Research Future Contatta l'autore

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Market Overview

Monoethylene Glycol is a sweet, colorless, odorless liquid which is obtained from ethylene oxide through a thermal or catalytic process. It is used for producing various products such as heat resins, heat transfer fluids, water-based adhesives, paints and emulsions, and others.

The Global Mono-Ethylene Glycol Market is segmented on the basis of applications such as polyester fiber, polyurethane terephthalate, antifreeze & coolants, solvent, and chemical intermediates among others. The polyester fiber is the largest segment in the market due to its growing demand for producing apparels, carpets, ropes, and rugs, etc. on account of the properties such as hydrophobic nature, durability, and tenacity. Further, the shifting trends towards the use of polyethylene terephthalate (PET) from metals and paperboard in the packaging industry. Owing to its recyclable, stable, and chemical resistance nature.

Competitive Analysis

The Mono-Ethylene Glycol Market are SABIC (Saudi Arabia), The Dow Chemical Company (US), Akzo Nobel NV (the Netherlands), Mitsubishi Chemical Corporation (Japan), Royal Dutch Shell plc (Netherlands) , LOTTE Chemical Corporation (South Korea), China Petroleum & Chemical Corporation (China), Exxon Mobil Corporation (US), BASF SE (Germany), MEGlobal (UAE), and Formosa Plastics Corporation (Taiwan).

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Market Segmentation

The Global Mono-Ethylene Glycol Market is segmented on the basis of the Application, End-Use Industries and Region.

Based on the Application , the Global Mono-Ethylene Glycol Market is segmented into polyester fiber, polyethylene terephthalate, antifreeze & coolants, solvent, chemical intermediate, and others.

The End-User Industries of the Global Monoethylene Market are segmented into packaging, automotive, textiles, chemicals, paper, leather, and others.

Geographically , the Global Mono-Ethylene Glycol Market is spanned across five regions, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The Global Mono-Ethylene Glycol Market is segmented into five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia-Pacific is the fastest emerging region in the Global Mono-Ethylene Glycol Market.

Toxic Substances Control Act, and the European Union have implemented stringent regulations on the production of monoethylene glycol, which is likely to slow the market growth in North America and Europe.

Mono-Ethylene Glycol from paraxylene, which is used for manufacturing polyethylene terephthalate (PET).

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