Monoethylene Glycol (MEG) Market
Monoethylene Glycol (MEG) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Monoethylene Glycol (MEG) Market Size and Growth
The global Monoethylene Glycol (MEG) market is projected to witness significant growth due to its widespread applications in various industries such as textiles, automotive, and packaging. The market size is expected to reach USD 34.5 billion by 2026, driven by increasing demand for MEG in the production of polyester fibers and resins.
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Companies Covered
(Covid 19 Impact Covered)
◍ SABIC
◍ Sinopec
◍ Formosa Plastics Group (FPG)
◍ Shell
◍ EQUATE
◍ Lotte Chemical
◍ Dow
◍ SPDC
◍ CNPC
◍ Reliance Industries
◍ OUCC
◍ INEOS
◍ LyondellBasell
◍ BASF
◍ NIOC
◍ Farsa Chimie
◍ PTT Global Chemical
The Monoethylene Glycol (MEG) market is highly competitive with key players such as SABIC, Sinopec, Formosa Plastics Group, Shell, EQUATE, Lotte Chemical, Dow, SPDC, CNPC, Reliance Industries, INEOS, LyondellBasell, BASF, NIOC, PTT Global Chemical, IndianOil, Indorama Ventures, and others. These companies use MEG in various industries such as textiles, automotive, packaging, and construction, contributing to the market's growth.
- SABIC: Sales revenue of $39.92 billion
- Sinopec: Sales revenue of $338.3 billion
- Shell: Sales revenue of $388 billion
◍ IndianOil
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Market Segmentation
By Application
By Product
◍ Fiber Grade
Industrial Grade
Antifreeze Grade ◍ Polyester Fibre ◍ Polyester Resins
◍ Antifreeze and Coolants
◍ Chemical Intermediates
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Market Growth
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$ X Billion USD
