FEATURED COMPANIES
- AKZO NOBEL NV
- BASF SE
- CLARIANT AG
- DOWDUPONT
- EASTMAN CHEMICAL COMPANY
- EXXON MOBIL CORPORATION
- MORE
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 grow at a 3.4% CAGR to 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. This segment currently accounts for a 23.7% share of the global Monoethylene Glycol (MEG) market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.6% CAGR for the Period of 2020-2027
The Monoethylene Glycol (MEG) market in the U. S. is estimated at US$6.6 Billion in the year 2020. The country currently accounts for a 27.01% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.2 Billion in the year 2027 trailing a CAGR of 5.6% through 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 while Rest of European market (as defined in the study) will reach US$6.2 Billion by the year 2027.
Antifreeze & Coolant Segment Corners a 21% Share in 2020
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. The publisher brings years of research experience to this 9th edition of our report. The 189-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- 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
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
FEATURED COMPANIES
- AKZO NOBEL NV
- BASF SE
- CLARIANT AG
- DOWDUPONT
- EASTMAN CHEMICAL COMPANY
- EXXON MOBIL CORPORATION
- MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Monoethylene Glycol (MEG): A Prelude
Increasing Demand and Resultant Surge in Production of Polyester Fiber Boosts Demand for MEG
Global Demand for Polyester Fiber: Breakdown in Million Metric Tons for the Years 2017, 2019, 2021, 2023 and 2025
Global Fiber Demand: Percentage Breakdown by Fiber Type for the Year 2017
MEG: Production Capacity and Pricing Trend
Global MEG Production Capacity in Million tons by Region for the Year 2018
Global Mono-Ethylene Glycol Capacity in Million Tons by Process for the Year 2018
Projected MEG Production Capacity Expansions Worldwide by Select Companies through 2021 in ‘000 Tonnes/Year
Global Monthly MEG Prices in US$/Ton by Select Regions for the Year 2017
MEG Prices in China and the US in US$/Ton by Month for the Year 2016-2017
Competition
MEG: A Fragmented Market
Global Glycol Market: Percentage Breakdown of Volume Sales by Leading Players for the Year 2019
Global Competitor Market Shares
Monoethylene Glycol (MEG) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Use of PET in Packaging Industries Bode Well for Growth of MEG Market
Global PET Bottles Market: Sales in Billion Units for the Years 2017, 2019, 2021, 2023 and 2025
Growing Demand for MEG in Antifreeze & Coolant Applications
High Potential for the Development of Bio-Based MEG: An Opportunity Indicator
Product Overview
Monoehtylene Glycol (MEG) - An Introduction
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Monoethylene Glycol (MEG) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Monoethylene Glycol (MEG) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Monoethylene Glycol (MEG) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Fiber (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Fiber (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Fiber (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: PET (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: PET (Application) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: PET (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Antifreeze & Coolant (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Antifreeze & Coolant (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Antifreeze & Coolant (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Film (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: Film (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: Film (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other Applications (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Other Applications (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Other Applications (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Monoethylene Glycol (MEG) Market Share (in %) by Company: 2019 & 2025
Increasing Demand for Antifreeze Components in HVAC, Automotive and Aerospace Industries Drives Growth in the US MEG Market
Market Analytics
US Antifreeze Market: Revenues in US$ Million by Applications for the Years 2017, 2019, 2021 and 2023
TABLE 19: United States Monoethylene Glycol (MEG) Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 20: Monoethylene Glycol (MEG) Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
TABLE 21: Monoethylene Glycol (MEG) Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
TABLE 22: Canadian Monoethylene Glycol (MEG) Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 23: Monoethylene Glycol (MEG) Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 24: Canadian Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
TABLE 25: Japanese Demand Estimates and Forecasts for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 26: Japanese Monoethylene Glycol (MEG) Market in US$ Million by Application: 2012-2019
TABLE 27: Monoethylene Glycol (MEG) Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
Huge Demand for Polyester from Textiles and PET Bottles Drives Growth for MEG in China
Chinese MEG Market: Imports and Exports of MEG in Million Tons for the Years 2016 and 2017
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
Market Analytics
TABLE 28: Chinese Demand for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 29: Monoethylene Glycol (MEG) Market Review in China in US$ Million by Application: 2012-2019
TABLE 30: Chinese Monoethylene Glycol (MEG) Market Share Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Monoethylene Glycol (MEG) Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 31: European Monoethylene Glycol (MEG) Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 32: Monoethylene Glycol (MEG) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 33: European Monoethylene Glycol (MEG) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Monoethylene Glycol (MEG) Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 35: Monoethylene Glycol (MEG) Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 36: European Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
TABLE 37: Monoethylene Glycol (MEG) Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 38: French Monoethylene Glycol (MEG) Historic Market Review in US$ Million by Application: 2012-2019
TABLE 39: French Monoethylene Glycol (MEG) Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
TABLE 40: Monoethylene Glycol (MEG) Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 41: German Monoethylene Glycol (MEG) Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 42: Monoethylene Glycol (MEG) Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
TABLE 43: Italian Demand for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 44: Monoethylene Glycol (MEG) Market Review in Italy in US$ Million by Application: 2012-2019
TABLE 45: Italian Monoethylene Glycol (MEG) Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 46: United Kingdom Demand Estimates and Forecasts for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 47: United Kingdom Monoethylene Glycol (MEG) Market in US$ Million by Application: 2012-2019
TABLE 48: Monoethylene Glycol (MEG) Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
SPAIN
TABLE 49: Spanish Monoethylene Glycol (MEG) Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 50: Monoethylene Glycol (MEG) Market in Spain: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 51: Spanish Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
RUSSIA
TABLE 52: Russian Monoethylene Glycol (MEG) Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 53: Monoethylene Glycol (MEG) Historic Demand Patterns in Russia by Application in US$ Million for 2012-2019
TABLE 54: Monoethylene Glycol (MEG) Market Share Breakdown in Russia by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 55: Rest of Europe Monoethylene Glycol (MEG) Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 56: Monoethylene Glycol (MEG) Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 57: Rest of Europe Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 58: Asia-Pacific Monoethylene Glycol (MEG) Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 59: Monoethylene Glycol (MEG) Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Monoethylene Glycol (MEG) Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Monoethylene Glycol (MEG) Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 62: Asia-Pacific Monoethylene Glycol (MEG) Historic Market Review in US$ Million by Application: 2012-2019
TABLE 63: Asia-Pacific Monoethylene Glycol (MEG) Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
AUSTRALIA
TABLE 64: Monoethylene Glycol (MEG) Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 65: Australian Monoethylene Glycol (MEG) Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 66: Monoethylene Glycol (MEG) Market Share Distribution in Australia by Application: 2012 VS 2020 VS 2027
INDIA
Indian MEG Market: An Overview
Imports and Exports of MEG in the Indian Market in KT for the Years 2015-16 and 2016-17
Market Analytics
TABLE 67: Indian Monoethylene Glycol (MEG) Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 68: Monoethylene Glycol (MEG) Market in India: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 69: Indian Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
SOUTH KOREA
TABLE 70: Monoethylene Glycol (MEG) Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2020-2027
TABLE 71: South Korean Monoethylene Glycol (MEG) Historic Market Analysis in US$ Million by Application: 2012-2019
TABLE 72: Monoethylene Glycol (MEG) Market Share Distribution in South Korea by Application: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 74: Rest of Asia-Pacific Monoethylene Glycol (MEG) Market in US$ Million by Application: 2012-2019
TABLE 75: Monoethylene Glycol (MEG) Market Share Shift in Rest of Asia-Pacific by Application: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 76: Latin American Monoethylene Glycol (MEG) Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 77: Monoethylene Glycol (MEG) Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Monoethylene Glycol (MEG) Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Demand for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 80: Monoethylene Glycol (MEG) Market Review in Latin America in US$ Million by Application: 2012-2019
TABLE 81: Latin American Monoethylene Glycol (MEG) Market Share Breakdown by Application: 2012 VS 2020 VS 2027
ARGENTINA
TABLE 82: Argentinean Monoethylene Glycol (MEG) Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 83: Monoethylene Glycol (MEG) Market in Argentina: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 84: Argentinean Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
BRAZIL
TABLE 85: Monoethylene Glycol (MEG) Quantitative Demand Analysis in Brazil in US$ Million by Application: 2020-2027
TABLE 86: Brazilian Monoethylene Glycol (MEG) Historic Market Review in US$ Million by Application: 2012-2019
TABLE 87: Brazilian Monoethylene Glycol (MEG) Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
MEXICO
TABLE 88: Monoethylene Glycol (MEG) Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 89: Mexican Monoethylene Glycol (MEG) Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 90: Monoethylene Glycol (MEG) Market Share Distribution in Mexico by Application: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 91: Rest of Latin America Monoethylene Glycol (MEG) Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 92: Monoethylene Glycol (MEG) Historic Demand Patterns in Rest of Latin America by Application in US$ Million for 2012-2019
TABLE 93: Monoethylene Glycol (MEG) Market Share Breakdown in Rest of Latin America by Application: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 94: The Middle East Monoethylene Glycol (MEG) Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 95: Monoethylene Glycol (MEG) Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 96: The Middle East Monoethylene Glycol (MEG) Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Monoethylene Glycol (MEG) Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 98: Monoethylene Glycol (MEG) Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 99: The Middle East Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
IRAN
TABLE 100: Iranian Demand Estimates and Forecasts for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 101: Iranian Monoethylene Glycol (MEG) Market in US$ Million by Application: 2012-2019
TABLE 102: Monoethylene Glycol (MEG) Market Share Shift in Iran by Application: 2012 VS 2020 VS 2027
ISRAEL
TABLE 103: Israeli Monoethylene Glycol (MEG) Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 104: Monoethylene Glycol (MEG) Market in Israel: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 105: Israeli Monoethylene Glycol (MEG) Market Share Analysis by Application: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 106: Saudi Arabian Demand for Monoethylene Glycol (MEG) in US$ Million by Application: 2020 to 2027
TABLE 107: Monoethylene Glycol (MEG) Market Review in Saudi Arabia in US$ Million by Application: 2012-2019
TABLE 108: Saudi Arabian Monoethylene Glycol (MEG) Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
TABLE 109: Monoethylene Glycol (MEG) Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2020-2027
TABLE 110: United Arab Emirates Monoethylene Glycol (MEG) Historic Market Analysis in US$ Million by Application: 2012-2019
TABLE 111: Monoethylene Glycol (MEG) Market Share Distribution in United Arab Emirates by Application: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 112: Monoethylene Glycol (MEG) Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 113: Rest of Middle East Monoethylene Glycol (MEG) Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 114: Monoethylene Glycol (MEG) Market Share Distribution in Rest of Middle East by Application: 2012 VS 2020 VS 2027
AFRICA
TABLE 115: African Monoethylene Glycol (MEG) Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 116: Monoethylene Glycol (MEG) Historic Demand Patterns in Africa by Application in US$ Million for 2012-2019
TABLE 117: Monoethylene Glycol (MEG) Market Share Breakdown in Africa by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 42
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- AKZO NOBEL NV
- BASF SE
- CLARIANT AG
- DOWDUPONT
- EQUATE PETROCHEMICAL - MEGLOBAL
- EASTMAN CHEMICAL COMPANY
- EXXON MOBIL CORPORATION
- FORMOSA PLASTICS GROUP
- HUNTSMAN INTERNATIONAL
- INDIA GLYCOLS LIMITED
- INDIAN OIL CORPORATION
- IND
