Mono Ethylene Glycol (MEG) Market
Mono Ethylene Glycol (MEG) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Mono Ethylene Glycol (MEG) Market Size and Growth
The global Mono Ethylene Glycol (MEG) market is expected to reach a valuation of $XX billion by 2025, driven by increasing demand from end-use industries such as polyester fibers, polyethylene terephthalate (PET) resins, and antifreeze. Market conditions indicate a steady growth trajectory for MEG due to its versatile applications in various sectors.
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Companies Covered
(Covid 19 Impact Covered)
◍ Akzo Nobel
◍ BASF
◍ Dow
◍ Huntsman International
◍ LyondellBasell
◍ Shell
◍ Chemtex Speciality
◍ SABIC
◍ Lotte Chemical
◍ MEGlobal
◍ NAN YA PLASTICS
◍ Reliance Industries
◍ India Glycols
The Mono Ethylene Glycol (MEG) market is highly competitive with key players such as Akzo Nobel, BASF, Dow, Huntsman International, LyondellBasell, Shell, Chemtex Speciality, SABIC, Lotte Chemical, MEGlobal, NAN YA PLASTICS, Reliance Industries, and India Glycols. These companies use MEG in various industries such as automotive, packaging, textiles, and construction, contributing to the growth of the market.
- BASF reported sales revenue of $63.7 billion in 2020
- Dow reported sales revenue of $39.7 billion in 2020
- LyondellBasell reported sales revenue of $27 billion in 2020
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Market Segmentation
By Application
◍ Polyester Resins
◍ Antifreeze and Coolants
◍ Chemical Intermediates
◍ Heat Transfer Fluids
By Product
◍ Fiber Grade MEG
◍ Industrial Grade MEG
◍ Antifreeze Grade MEG
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Market Growth
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$ X Billion USD
