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Monoethylene Glycol (MEG) - Global Market Trajectory & Analytics

  • ID: 4805330
  • Report
  • April 2021
  • Region: Global
  • 189 pages
  • Global Industry Analysts, Inc
Global Monoethylene Glycol (MEG) Market to Reach $30.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Monoethylene Glycol (MEG) estimated at US$24.6 Billion in the year 2020, is projected to reach a revised size of US$30.3 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Fiber, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$10.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PET segment is readjusted to a revised 2.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 5.6% CAGR

The Monoethylene Glycol (MEG) market in the U.S. is estimated at US$6.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Antifreeze & Coolant Segment to Record 3.5% CAGR

In the global Antifreeze & Coolant segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.9 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2027, while Latin America will expand at a 4.4% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Akzo Nobel NV
  • BASF SE
  • Clariant AG
  • DowDuPont, 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Monoethylene Glycol (MEG): A Prelude
  • Increasing Demand and Resultant Surge in Production of Polyester Fiber Boosts Demand for MEG
  • Exhibit 1: Global Demand for Polyester Fiber: Breakdown in Million Metric Tons for the Years 2017, 2019, 2021, 2023 and 2025
  • Exhibit 2: Global Fiber Demand: Percentage Breakdown by Fiber Type for the Year 2017
  • MEG: Production Capacity and Pricing Trend
  • Exhibit 3: Global MEG Production Capacity in Million tons by Region for the Year 2018
  • Exhibit 4: Global Mono-Ethylene Glycol Capacity in Million Tons by Process for the Year 2018
  • Exhibit 5: Projected MEG Production Capacity Expansions Worldwide by Select Companies through 2021 in ‘000 Tonnes/Year
  • Exhibit 6: Global Monthly MEG Prices in US$/Ton by Select Regions for the Year 2017
  • Exhibit 7: MEG Prices in China and the US in US$/Ton by Month for the Year 2016-2017
  • Competition
  • MEG: A Fragmented Market
  • Exhibit 8: Global Glycol Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Use of PET in Packaging Industries Bode Well for Growth of MEG Market
  • Exhibit 9: Global PET Bottles Market: Sales in Billion Units for the Years 2017, 2019, 2021, 2023 and 2025
  • Growing Demand for MEG in Antifreeze & Coolant Applications
  • High Potential for the Development of Bio-Based MEG: An Opportunity Indicator
  • Product Overview
  • Monoehtylene Glycol (MEG) - An Introduction
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Increasing Demand for Antifreeze Components in HVAC, Automotive and Aerospace Industries Drives Growth in the US MEG Market
  • Exhibit 10: US Antifreeze Market: Revenues in US$ Million by Applications for the Years 2017, 2019, 2021 and 2023
  • CANADA
  • JAPAN
  • CHINA
  • Huge Demand for Polyester from Textiles and PET Bottles Drives Growth for MEG in China
  • Exhibit 11: Chinese MEG Market: Imports and Exports of MEG in Million Tons for the Years 2016 and 2017
  • Exhibit 12: Chinese MEG Market: Imports of MEG to China by Origin from Select Countries in Tonnes for the Year 2018
  • Rising Demand for Antifreeze Components in Automotive Industry: Business Case for MEG Growth
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • Indian MEG Market: An Overview
  • Exhibit 13: Imports and Exports of MEG in the Indian Market in KT for the Years 2015-16 and 2016-17
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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