Quick Summary:
With the global market for Monoethylene Glycol (MEG) projected to reach an impressive $38.4 billion by 2030, myriad opportunities are arising for forward-thinking executives. Key growth drivers include its increasing demand in sectors such as fiber, which is set to achieve a 4.5% CAGR, reaching $12.9 billion by the report's end date. Moreover, the PET segment is anticipated to observe a revised CAGR of 3.8% over the next eight years, underpinning its influence on the MEG market.
Turn your attention to untouched markets and expanding economies. The MEG market in the United States, the second largest globally, is estimated at $7.6 billion for 2022. At the same time, China, trailing 6.9% CAGR, is set to reach a significant $8 billion by 2030. This comprehensive market report could facilitate strategic planning and foresightful investment decisions in the Monoethylene Glycol market. It also includes competitive analysis featuring industry giants like Akzo Nobel NV, BASF SE, Exxon Mobil Corporation, among many others. This hands-on market data and in-depth analysis will contribute to fortifying your market presence and competitive edge.
Global Monoethylene Glycol (MEG) Market to Reach $38.4 Billion by 2030
The global market for Monoethylene Glycol (MEG) estimated at US$27.9 Billion in the year 2022, is projected to reach a revised size of US$38.4 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Fiber, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$12.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the PET segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.6 Billion, While China is Forecast to Grow at 6.9% CAGR
The Monoethylene Glycol (MEG) market in the U.S. is estimated at US$7.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030.Select Competitors (Total 21 Featured) -
- Akzo Nobel NV
- BASF SE
- Clariant AG
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- EQUATE Petrochemical - MEGlobal
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- Huntsman International LLC
- India Glycols Limited
- Indian Oil Corporation Ltd.
- Indorama Ventures Public Company Limited
- Ineos Oxide
- Kuwait Petroleum Corporation
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Chemical Corporation
- Mitsui Chemicals, Inc.
- PTT Global Chemical Public Company Limited
- Reliance Industries Ltd.
- Royal Dutch Shell PLC
- SABIC (Saudi Basic Industries Corporation)
- SIBUR Holding OJSC
- Sinopec Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Monoethylene Glycol (MEG)?
What is the growth rate of the Global Market for Monoethylene Glycol (MEG)?
What is the forecasted size of the Global Market for Monoethylene Glycol (MEG)?
Who are the key companies in the Global Market for Monoethylene Glycol (MEG)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 27.9 Billion |
| Forecasted Market Value ( USD | $ 38.4 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Akzo Nobel NV
- BASF SE
- Clariant AG
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- EQUATE Petrochemical - MEGlobal
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- Huntsman International LLC
- India Glycols Limited
- Indian Oil Corporation Ltd.
- Indorama Ventures Public Company Limited
- Ineos Oxide
- Kuwait Petroleum Corporation
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Chemical Corporation
- Mitsui Chemicals, Inc.
- PTT Global Chemical Public Company Limited
- Reliance Industries Ltd.
- Royal Dutch Shell PLC
- SABIC (Saudi Basic Industries Corporation)
- SIBUR Holding OJSC
- Sinopec Corporation
