Monoethylene Glycol Market, By Production Process, By Application, By End-use Industry, By Geography

Description

Monoethylene Glycol Market is estimated to be valued at USD 30.97 Bn in 2025 and is expected to reach USD 42.71 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 30.97 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.70%	2032 Value Projection:	USD 42.71 Bn

Monoethylene glycol is also known as 1, 2-ethanediol and is soluble in a wide range of chemical compounds, alcohols, and water. Ethylene Oxide hydrolysis produces it primarily, with the emission of two co-products, Diethylene Glycol (DEG) and Triethylene Glycol (TEG). Natural gas, coal, naphtha, and bioethanol are the feedstocks used to make monoethylene glycol, hence the market is divided into four types based on the sources from which it is made. Natural gas, followed by naphtha and coal, accounts for the majority of monoethylene glycol production. Due to mounting environmental concerns, most businesses are now focusing on producing biobased monoethylene glycol rather than petrochemical-based monoethylene glycol. Monoethylene glycol is utilized in coolants and de-icing materials because of its chemical features, which include high viscosity, high boiling point, and low freezing point. PET and polyester resins are made primarily from monoethylene glycol. It is frequently utilized as a raw ingredient in the production of fabrics and polyester fibres. Among other things, it's used as a coolant, anti-freeze, dewatering agent, chemical intermediate, humecant, and anti-corrosion agent. Monoethylene Glycol is also used in the making of tobacco, food and beverages, pharmaceuticals, and cosmetics, among other things.

Market Dynamics

The expansion of the monoethylene glycol market would be aided by rising demand for PET packaging in various commercial and industrial end-use applications. Clothing, industrial fabrics, and non-woven fabrics are just a few of the industries where fibers are used. Some of the features of these fabrics, such as resistance to moisture, stains, oil, and water, have led to increased demand for them. It's abrasion-resistant and wrinkle-resistant. As a result of these characteristics, the use of fibre in textile sector and the monoethylene glycol market will grow in the forecast period.

On the other hand, MEG is extremely toxic to people; consumption has been shown to have a negative influence on the kidneys, the heart, and the central nervous system, which is limiting the market growth.

Key features of the study:

This report provides an in-depth analysis of the global monoethylene glycol market, market size (US$ Billion & Tons), and compound annual growth rate (%CAGR) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global monoethylene glycol market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Reliance Industries Limited, Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, Royal Dutch Shell PLC, Nouryon, Mitsubishi Chemical Corporation, and Eastman Chemical Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global monoethylene glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global monoethylene glycol market.

Detailed Segmentation:

Global Monoethylene Glycol Market, By Production process:
- Gas-based
- Naphtha-based
- Coal-based
- Methane-to-Olefins
- Bio-based
Global Monoethylene Glycol Market, By Application:
- Polyester Fiber
- Polyethylene Terephthalate (PET) Resins
- Polyethylene Terephthalate (PET) Film
- Antifreeze
- others
Global Monoethylene Glycol Market, By End-use Industry:
- Textile
- Plastic & Packaging
- Automotive
- others
Global Monoethylene Glycol Market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Company Profiles
- Reliance Industries Limited
- Saudi Basic Industries Corporation
- BASF SE
- India Glycols Limited
- LyondellBasell Industries Holdings B.V.
- Chemtex Speciality Limited
- Royal Dutch Shell PLC
- Nouryon
- Mitsubishi Chemical Corporation
- Eastman Chemical Company

Product Code: CMI4930

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Production process
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Mergers and Acquisitions
- PEST Analysis
- New Product Approvals/Launches
Cost Tier Down Analysis

4. Global Monoethylene Glycol Market, By Segmentation, 2020-2032, (US$ Billions and Tons)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends

5. Global Monoethylene Glycol Market, By Production Process, 2020-2032, (US$ Billions and Tons)

Gas-based
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Naphtha-based
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Coal-based
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Methane-to-Olefins
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Bio-based
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends

6. Global Monoethylene Glycol Market, By Application, 2020-2032, (US$ Billions and Tons)

Polyester Fiber
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Polyethylene Terephthalate (PET) Resins
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Polyethylene Terephthalate (PET) Film
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Antifreeze
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Others
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends

7. Global Monoethylene Glycol Market, By End-use Industry 2020-2032, (US$ Billions and Tons)

Textile
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Plastic & Packaging
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Automotive
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Others
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends

8. Global Monoethylene Glycol Market, By Region, 2020-2032, (US$ Billions and Tons)

Introduction
- Market Share Analysis, By Region, 2025 and 2032
- Y-o-Y Growth Analysis, For Region, 2020-2032 (%)
North America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, For Country, 2020-2032 (%)
U.S.
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Canada
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2020-2032 (US$ Billion)
Europe
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, For Country, 2020-2032 (%)
U.K.
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Germany
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
France
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Italy
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Spain
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Russia
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Asia Pacific
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, For Country, 2020-2032 (%)
China
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
India
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Japan
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
ASEAN
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Australia
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
South Korea
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Latin America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, For Country, 2020-2032 (%)
Brazil
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Mexico
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Argentina
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Rest of Latin America
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Middle East
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, For Country, 2020-2032 (%)
GCC
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Israel
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Rest of Middle East
- Country Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Africa
- Market Share Analysis, By Sub-region, 2025 and 2032
- Y-o-Y Growth Analysis, For Sub-region, 2020-2032 (%)
North Africa
- Sub-region Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Central Africa
- Sub-region Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
South Africa
- Sub-region Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)
Rest of Africa
- Sub-region Trends
- Market Size and Forecast, By Production Process, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By Application, 2025 - 2032, (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2025 - 2032, (US$ Billion)

9. Competitive Landscape

Company Profiles
- Reliance Industries Limited
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Saudi Basic Industries Corporation
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- BASF SE
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- India Glycols Limited
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- LyondellBasell Industries Holdings B.V.
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Chemtex Speciality Limited
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Royal Dutch Shell PLC
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Nouryon
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Mitsubishi Chemical Corporation
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Eastman Chemical Company
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans

10. Section

References
Research Methodology
About us and Sales Contact