Mono Ethylene Glycol Market 2024: Segmentation Trends, Regional Opportunities, and Industry Growth Forecast to 2024-2031 - Exxon Mobil Corporation, BASF SE, MEGlobal

The latest report published by DataM Intelligence highlights the growth prospects of Mono Ethylene Glycol market. The industry expansion is majorly driven by developments in technology across the globe.

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The Mono-Ethylene Glycol Market is expected to reach at a CAGR of 6.9% during the forecast period 2024-2031.

The Mono Ethylene Glycol (MEG) market centers on this organic compound widely used in producing polyester fibers and antifreeze. MEG is a key feedstock in plastic bottle and packaging manufacturing. Growth is driven by textile and automotive industries. Environmental concerns are prompting bio-based MEG research. Price volatility and raw material availability influence market dynamics.

Competitive Evaluation:

Companies covered in this report are Exxon Mobil Corporation, BASF SE, MEGlobal, LyondellBasell Industries Holdings B.V., Dow, SABIC, NAN YA PLASTICS CORPORATION, Shell, Reliance Industries Limited, LOTTE Chemical Corporation, Indorama Ventures Public Company Limited, Eastman Chemical Company and Sasol.

The Mono Ethylene Glycol Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On January 29, 2021, Eastman Chemical Company announced a $250 million investment to build a new methanolysis facility in Kingsport, Tennessee. The plant is designed to produce mono-ethylene glycol (MEG) and dimethyl terephthalate (DMT) from hard-to-recycle polyester plastics, contributing to sustainable material solutions. Once operational, the facility will have a production capacity of 150,000 - 200,000 tons per year.

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Mono Ethylene Glycol Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Production Process: Gas-based, Naphtha-based, Coal-based, Methane-to-Olefins, Bio-based.

By Application: Polyester Fiber, PET Bottle, PET Film, Antifreeze, Industrial.

By End-User Industry: Textile, Packaging, Plastic, Automotive, Healthcare, Oil & Gas, Others.Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Mono Ethylene Glycol market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Mono Ethylene Glycol Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Mono Ethylene Glycol industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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