Frequently Asked Question:
COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. Due to a drop in production, as well as the demand for different derivatives and end products, there was a reduction in the market for mono ethylene glycol (MEG).
Asia Pacific accounted for the most heightened share in the global monoethylene glycol (Meg) market.
The MeG market is driven by expanding PET and fiber applications in the packaging and textile end-use sectors.
The fiber segment had a major share in the global market in 2022.
The naphtha-based segment had a major share in the global market.