Global and Japan Mono Ethylene Glycol Market Revenue and Volume with Growth Overview in Major Countries, Supply Chain Analysis, Globalization and Trade 2030

Monoethylene glycol (MEG) is a non-volatile, colorless, odorless liquid, which is fully soluble in water and other organic solvents. MEG is manufactured industrially from ethylene, which is hydrated by the thermal or catalytic process, through ethylene oxide. Different sources, such as naphtha, synthesis gas, coal, and biomass, are obtained from the ethylene used in the manufacture of MEG, where gas-based technology is primarily used in the industry. Due to its renewability and reduced reliance on naphtha and coal-based sources, MEG’s demand for the biomass-based production process is gaining popularity. MEG is one of the commonly used raw materials for the manufacture of polyester fibers and terephthalate polyethylene (PET) resins.

The prominent factor driving the global market growth is MEG’s rising demand for polyester fiber-making. Polyester fibers are among the most commonly used fibers worldwide, accounting for more than 50 percent of the overall market for fibers. These fibers are used in the manufacture of many textile products, including garments, home furnishings, automotive fabrics, fabrics for tire cords, and nonwoven fabrics. Due to the many advantages provided by fibers over conventional fibers, such as resistance to moisture, grease, stains, and water, as well as high resistance to abrasion and wrinkles, the market for these fibers is increasing.

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Global and Japan Mono Ethylene Glycol Market: Key Players

  • LG Chem
  • India Glycols Limited
  • Indian Oil Corporation Ltd.
  • Indorama Ventures Public Company Limited
  • Ineos Oxide
  • Kuwait Petroleum Corporation
  • Lotte Chemical Corporation
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals, Inc.
  • Other prominent players

Global and Japan Mono Ethylene Glycol Market: Segments

Global market has been segmented based on technology, application, and region.

By Technology (in %), Global and Japan Mono Ethylene Glycol Market, 2019

The moringa oil segment is anticipated to register of the volume share.

The Global and Japan Mono Ethylene Glycol Market is segmented by technology into Naphtha-based, Coal-and natural gas-based, Bio-based, and Technology Providers. The naphtha-based segment is expected to grow at the highest CAGR during the forecast period. Due to its renewability and reduced reliance on naphtha and coal-based sources, MEG’s demand for the biomass-based production process is gaining popularity.

By Application Type (in %), Global and Japan Mono Ethylene Glycol Market, 2019

Fiber segment accounted of the nation’s volume in 2019

The Global and Japan Mono Ethylene Glycol Market is segmented by application into Fiber, PET, Film, Antifreeze & Coolant, and Others. Fiber is MEG’s greatest application due to MEG’s use in the manufacture of PET and polyester fibers. Polyester fiber accounts for around half of the total consumption of fibers, globally. It is commonly used in the clothing and apparel industry, in the manufacture of garments, home furniture, carpets and rugs, fiber filling, and non-woven fabrics. The rising automotive and building & design industries are contributing to the growth of the staple fiber market for polyester. Huge opportunity in the textile industry for the application of polyester leads to growth in the MEG market.

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Global and Japan Mono Ethylene Glycol Market: Market Dynamic

Growing awareness and knowledge to increase the demand for moringa product market

The prominent factor driving global market growth is MEG’s rising demand for polyester fiber-making. Polyester fibers are among the most commonly used fibers worldwide, accounting for more than 50 percent of the overall market for fibers. These fibers are used in the manufacture of many textile products, including garments, home furnishings, automotive fabrics, fabrics for tire cords, and nonwoven fabrics. Due to the many advantages provided by fibers over conventional fibers, such as resistance to moisture, grease, stains, and water, as well as high resistance to abrasion and wrinkles, the market for these fibers is increasing.

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Global and Japan Mono Ethylene Glycol Market report also contains analysis on:

Global and Japan Fatty Alcohol Market Segments:

  • By Technology:
    • Naphtha-based
    • Coal-and natural gas-based
    • Bio-based
    • Technology Providers
  • By Application:
    • Others
    • Antifreeze & Coolant
    • Film
    • PET
    • Fiber

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