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The global monoethylene glycol market is expected to grow from $27.78 billion in 2021 to $30.41 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global mono ethylene glycol market size is expected to grow to $38.36 billion in 2026 at a CAGR of 6%.

The rise in the packaging industry is significantly contributing to the growth of the mono ethylene glycol market going forward.

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The mono ethylene glycol market consists of the sale of mono ethylene glycol services by entities (organizations, sole traders, and partnerships) that are used in the manufacturing of polyester and as a corrosion inhibitor in antifreeze and coolants. Monoethylene glycol is an odorless and colorless chemical substance that is produced from ethylene in the process of manufacturing ethylene oxide.

Global Monoethylene Glycol Market Segments Include:

By Production Process: Gas-Based, Naphtha-Based, Coal-Based, Methane-to-Olefins (MTO), Bio-Based

By Application: Polyester Fiber, Polyethylene Terephthalate (PET) Resins, Polyethylene Terephthalate (PET) Film, Antifreeze, Others

By End Users: Textiles and Leather, Packaging, Adhesives and Sealants, Paints and Coatings, Chemical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global monoethylene glycol market in 2021.

Strategic partnerships have emerged as the key trend gaining popularity in the mono ethylene glycol market. Major companies operating in the mono ethylene glycol sector are looking for partnerships to reinforce their position in the market.

TBRC’s Monoethylene Glycol Market Report Covers:

Major Market Players: BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, MEGlobal B.V., Reliance Industries Limited, Mitsubishi Chemical Corporation, Indian Oil Corporation Limited, Lotte Chemical Corporation, Nan Ya Plastics Corporation, India Glycols, ExxonMobil Corporation, Formosa Plastics Corporation, Sinopec, and SIBUR International GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Monoethylene Glycol Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides monoethylene glycol market overviews, analyzes and forecasts market size, share, monoethylene glycol market players, monoethylene glycol market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s monoethylene glycol market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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