Home / Chemicals / Monoethylene Glycol (Meg) Market By Application (Polyethylene Terephthalate (Peg), Polyester Fiber, Coolants & Antifreeze) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Monoethylene Glycol (Meg) Market By Application (Polyethylene Terephthalate (Peg), Polyester Fiber, Coolants & Antifreeze) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: May 2016 | Report Code: 57859-05-16

Monoethylene is a colorless, odorless liquid which is known as the daughter product of ethylene oxide. Diethylene oxide and triethylene dioxide are the coproducts obtained in the manufacturing process of monoethylene glycol. Monoethylene glycol is widely used in various end-user industries. The major applications of monoethylene glycol range from textile industry to packaging industry. It is used as a raw material in the manufacture of polyethylene terephthalate (PET), polyester fiber and coolant & antifreeze among others. Hence high demand is reported from various end-user industries worldwide.

Asia Pacific accounted for the largest share of global monoethylene glycol market in 2016. China is known as the global textile manufacturer. Polyester is manufactured using monoethylene glycol. These fibers are used on a large scale in the textile industry to manufacture casual wear and sportswear among other apparels. Hence, high demand from the textile industry is boosting growth of monoethylene glycol in the global market. Polyethylene terephthalate accounted as the fastest growing application of MEG in the market. PET is majorly used in the manufacture of bottles and packaging products. Therefore, growing packaging industry and high consumption of PET in this industry is driving the growth of global monoethylene glycol in the market. Monoethylene glycol is also projected to experience growing demand from the automotive industry. It is used in manufacturing automotive coolant and antifreeze. It is also used as a deicing agent in the snowy areas worldwide. Hence, high demand from various end-user industries for different applications has led to growth of global monoethylene glycol market.

Monoethylene glycol (MEG) market is expected to reach over US$ 37.5 Bn by 2022, growing at a CAGR of 6.0% during the forecast period 2016-2021.

Monoethylene Glycol (MEG) Market


Purpose of the Report

The purpose of this strategic research study titled “Global Monoethylene glycol (MEG) Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global monoethylene glycol (MEG) market.

Target Audience

  • Industry Investors
  • Monoethylene glycol (MEG) Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Monoethylene glycol (MEG) Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” offers strategic insights into the global monoethylene glycol (MEG) market along with the market size and estimates for the duration 2014 to 2021. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading monoethylene glycol (MEG) vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within monoethylene glycol (MEG) industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global monoethylene glycol (MEG) market, of growth, offering market size and estimates for the period from 2014 to 2021, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Empirical Phase
1.4.2 Phase II – Analytical Phase
1.4.3 Phase III – Dissemination Phase
1.4.4 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Monoethylene Glycol (MEG) Market
2.2 Global Monoethylene Glycol (MEG) Market, By Application
2.3 Global Monoethylene Glycol (MEG) Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Monoethylene Glycol (MEG) Market Volume and Revenue, 2015 – 2022, (Kilo Tons) (US$ Mn)
3.2 Key Market Strategies
3.2.1 Product Pricing Analysis
3.2.2 Regulatory Impact on Market
3.3 Market Drivers
3.4 Market Challenges
3.4 Future Outlook of the Market
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors

Chapter 4 Global Monoethylene Glycol (MEG) Market Analysis, By Application
4.1 Overview
4.1.1 Polyethylene Terephthalate (PET)
4.1.1.1 Global Monoethylene Glycol (MEG) Market for Polyethylene Terephthalate (PET), 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.2 Polyester Fiber
5.1.2.1 Global Monoethylene Glycol (MEG) Market for Polyester Fiber, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.3 Coolant & Antifreeze
4.1.3.1 Global Monoethylene Glycol (MEG) Market for Coolant & Antifreeze, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.6 Others ( Intermediate Chemicals, Heat Transfer Fluids, etc.)
4.1.6.1 Global Monoethylene Glycol (MEG) Market for Other Applications, 2015 – 2022, (Kilo Tons) (US$ Mn)

Chapter 5 SRC View
5.1 Segmentation View (Product/ Application)
5.1.2 Global Monoethylene Glycol (MEG) Market, by Application, 2015 – 2022, (Kilo Tons) (US$ Bn)

Chapter 6 RC View
6.1 North America Monoethylene Glycol (MEG) Market Analysis
6.1.1 Overview
6.1.2 North America Monoethylene Glycol (MEG) Market Volume, by Application, 2015 – 2022, (Kilo Tons)
6.1.3 North America Monoethylene Glycol (MEG) Market Revenue, by Application, 2015 – 2022, (US$ Mn)
6.1.1.1 U.S. Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.1.1.2 U.S. Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.1.1.3 Canada Monoethylene Glycol (MEG) Market Volume, By Application 2015 – 2022, (Kilo Tons)
6.1.1.4 Canada Monoethylene Glycol (MEG) Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.1.1.5 Rest of North America Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (Kilo Tons)
6.1.1.6 Rest of North America Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2 Europe Monoethylene Glycol (MEG) Market Analysis
6.2.1 Overview
6.2.2 Europe Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3 Europe Monoethylene Glycol (MEG) Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.2.2.1 France Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.2.2 France Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.2.3 Germany Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.2.4 Germany Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.3.5 UK Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3.6 UK Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.3.7 Rest of Europe Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3.8 Rest of Europe Monoethylene Glycol (MEG) Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.3 Asia Pacific Monoethylene Glycol (MEG) Market Analysis
6.3 Overview
6.3.1 Asia Pacific Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.2 Asia Pacific Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.1 China Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.2 China Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.3 India Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.4 India Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.5 Japan Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.6 Japan Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.7 Rest of Asia Pacific Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.8 Rest of Asia Pacific Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4 Middle East and Africa (MEA) Monoethylene Glycol (MEG) Market Analysis
6.4.1 Overview
6.4.2 Middle East and Africa Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.3 Middle East and Africa Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.1 South Africa Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.2 South Africa Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.3 Saudi Arabia Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.4 Saudi Arabia Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.5 Rest of MEA Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.6 Rest of MEA Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5 Rest of the World (RoW) Monoethylene Glycol (MEG) Market Analysis
6.5.1 Overview
6.5.2 Rest of the World Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.3 Rest of the World Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.1 Australia Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.2 Australia Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.3 Brazil Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.4 Brazil Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.5 Rest of RoW Monoethylene Glycol (MEG) Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.6 Rest of RoW Monoethylene Glycol (MEG) Market Revenue, By Application, 2015 – 2022, (US$ Mn)

Chapter 7 Company Profiles
7.1 AkzoNobel
7.2 ExxonMobil Corporation
7.3 Formosa Plastic Group
7.4 Honam Petrochemical Corporation
7.5 LyondellBasell
7.6 ME Global
7.7 Reliance Industries Ltd.
7.8 SABIC
7.9 Shell plc

List of Figures

FIG. 1 Global Monoethylene Glycol (MEG): Market Segmentation 19
FIG. 2 Global Monoethylene Glycol (MEG) Market: Research Methodology 20
FIG. 3 Global Monoethylene Glycol (MEG) Market, By Application, 2014 (US$ Mn) 24
FIG. 4 Global Monoethylene Glycol (MEG) Market, By Geography, 2014 (US$ Mn) 25
FIG. 5 Global Monoethylene Glycol (MEG) Market Revenue and Growth, 2013 – 2022, (Kilo Tons) (US$ Mn) 26
FIG. 6 See-Saw Analysis : Global Monoethylene Glycol (MEG) Market 34
FIG. 7 Attractive Investment Proposition 36
FIG. 8 Adoption/Penetration Rate of Monoethylene Glycol (MEG) Across Different Application Verticals, 2014 37
FIG. 9 Market Positioning of Key Monoethylene Glycol (MEG) Vendors , 2014 38
FIG. 10 Global Monoethylene Glycol (MEG) Market Volume and Revenue, By Application, 2014 & 2022 (Kilo Tons) (US$ Mn) 45
FIG. 11 Global Monoethylene Glycol (MEG) Market for Industrial Protective Clothing, 2013 – 2022, (Kilo Tons) (US$ Mn) 46
FIG. 12 Global Monoethylene Glycol (MEG) Market for Law Enforcement & Firefighting Services, 2013 – 2022, (Kilo Tons) (US$ Mn) 47
FIG. 13 Global Monoethylene Glycol (MEG) Market for Transport 2013 – 2022, (Kilo Tons) (US$ Mn) 48
FIG. 14 North America Monoethylene Glycol (MEG) Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 54
FIG. 15 Comparative Analysis of North America Monoethylene Glycol (MEG) Market Revenue, By Country, 2013 – 2022, (US$ Mn) 58
FIG. 16 Europe Monoethylene Glycol (MEG) Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 59
FIG. 17 Comparative Analysis of Europe Monoethylene Glycol (MEG) Market Revenue, By Region, 2013 – 2022, (US$ Mn) 63
FIG. 18 Asia Pacific Monoethylene Glycol (MEG) Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 64
FIG. 19 Asia Pacific Monoethylene Glycol (MEG) Market Revenue, 2013 – 2022, (US$ Mn) 65
FIG. 20 Comparative Analysis of Asia Pacific Monoethylene Glycol (MEG) Market Revenue, By Region, 2013 – 2022, (US$ Mn) 69
FIG. 21 RoW Monoethylene Glycol (MEG) Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 71
FIG. 22 Comparative Analysis of RoW Monoethylene Glycol (MEG) Market Revenue, By Country, 2013 – 2022, (US$ Mn) 75

List of Tables

TABLE 1 Market Snapshot: Global Monoethylene Glycol (MEG) Market 22
TABLE 2 Impact Indicators 35
TABLE 3 Impact Analysis of Drivers and Restraints 35
TABLE 6 North America Monoethylene Glycol (MEG) Market, By Application, 2013 – 2022 (Kilo Tons) (US$ Mn) 57
TABLE 7 Europe Monoethylene Glycol (MEG) Market, By Application, 2013 – 2022 (Kilo Tons) (US$ Mn) 62
TABLE 8 Asia Pacific Monoethylene Glycol (MEG) Market By Application, 2013 – 2022 (Kilo Tons) (US$ Mn) 68
TABLE 9 RoW Monoethylene Glycol (MEG) Market, By Application, 2013 – 2022 (Kilo Tons) (US$ Mn) 74
TABLE 10 AkzoNobel : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 76
TABLE 11 ExxonMobil Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 78
TABLE 12 Formosa Plastic Group : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 80
TABLE 13 Honam Petrochemical Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 82
TABLE 14 LyondellBasell: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 84
TABLE 15 ME Global: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 86
TABLE 16 Reliance Industries Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 88
TABLE 17 SABIC : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 90
TABLE 18 Shell plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 92

On the basis of its application, the Monoethylene Glycol (MEG) market is categorized into following segments:

  • Polyethylene Terephthalate (PEG)
  • Polyester Fiber
  • Coolants & Antifreeze
  • Others (Intermediate Chemicals, Heat Transfer Fluids, etc.)

Monoethylene Glycol (MEG) Market

Monoethylene glycol is an odorless, colorless and barely viscous liquid which is miscible in aldehydes, water, alcohol and various other organic compounds but not miscible in vegetable oils, rubber and cellulose acetate. On the basis of application, Monoethylene glycol is segmented into polyester Terephthalate, polyester resin, coolants & antifreeze and others. Polyester resins accounted for major share of global Monoethylene glycol market in 2016 and is expected to retain its position in the near future. It is the largest synthetic fibre which is used in the textile industry. Polyester is known be a substitute for growing demand of fibers in the market. Monoethylene glycol is used as a raw material in the production of polyethylene terephthalate (PET) resins which are further used in the manufacture of polyester fabrics and bottles. Growing demand for PET bottles and containers from various end-user industries worldwide is driving the demand for polyethylene terephthalate in the market. This makes PET the fastest growing application segment of global monoethylene glycol market. Monoethylene glycol is used also used as a coolant & antifreeze agent for industrial applications. They are usually used for making automotive coolant and aircraft deicing materials. Other applications such as intermediate chemicals and heat transfer fluids are also anticipated to boost market demand for monoethylene glycol during the forecast period from 2015 to 2022.

On the basis of geography, the global Monoethylene Glycol (MEG) market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Rest of RoW

Monoethylene Glycol (MEG) Market

Asia Pacific dominated the global Monoethylene Glycol (MEG) market in 2016. Growing demand for monoethylene glycol from emerging countries in the region such as China and India has led to growth of global monoethylene glycol market. China holds the major share as producer of textiles globally. It is known as textile hub of the world. Hence, high demand is observed for polyester resins from the textile industry in the region. India is also anticipated to boost market demand due to growing number of textile industries in the region. Europe and North America are expected to experience steady demand for MEG as monoethylene glycol production is shifting from these regions to the developing economies such as Asia Pacific and the Middle East & Africa. High competition for monoethylene glycol is reported in Middle East due to increasing number of MEG producers in the region. Increasing demand for MEG from various end-user industries such as textile and packaging industry are driving the growth of global MEG market and is projected to increase during the forecast period from 2015 to 2022.

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