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910447

Global MonoEthylene Glycol (MEG) Market - 2019-2026

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Global MonoEthylene Glycol (MEG) Market - 2019-2026
Published: December 1, 2019
DataM Intelligence
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

Monoethylene glycol (MEG) is the most important of the commercially available glycols. Diethylene glycol (DEG) and triethylene glycol (TEG) are obtained as coproducts in the manufacture of MEG from ethylene oxide in some processes. It is a colorless, virtually odorless and slightly viscous liquid. It is miscible with water, alcohol, aldehydes and many organic compounds.

MEG will not dissolve rubber, cellulose acetate or heavy vegetable and petroleum oils. MEG has low volatility and it is 50% more hygroscopic than glycerol at room temperature. MEG is consumed predominantly in polyesters (polyethylene terephthalate or PET) used for fibers, film, solid-state resins, and antifreeze. MEG demand is highly dependent upon the economy, and more particularly upon the economic cycle sensitive applications such as polyester fibers in Asia and PET packaging resins in all regions.

The global monoethylene glycol (MEG) market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Market Dynamics

Rising demand for polyester fiber and PET, growing demand for MEG in antifreeze & coolant application and increasing demand for automotive are the impacting factors for the growth of the market. Mono-ethylene glycol (MEG) is a versatile chemical that is harmonious with water and many organic components. MEG is a significant raw material for Polyester and Polyethylene Terephthalate (PET) polymer. MEG is used for applications that necessitate solvent couplers, freezing point depression solvents, chemical intermediates for resins, humectants and chemical intermediates, etc. MEG supports human life in satisfying all the three basic necessities i.e. food, clothing, and shelter. It has been noted that MEG is on rising drift.

The textile industry and other industrial sectors focus on health awareness, smart sensor fabrics, innovation, etc. for their product development and MEG touches human life in all areas. MEG is used in home textiles, food/drink containers, clothing, technical textiles, medical textiles, kitchenware, engine coolants, and anti-freeze. The humectant properties of MEG also make them supreme for use in fibers treatment, printing inks, paper, adhesives, leather and cellophane.

Fluctuations in prices of raw materials is the key restraint hindering the market growth worldwide.

Segment Analysis

Based on the application, the monoethylene glycol (MEG) market is segmented into antifreeze & coolant, polyester fiber, solvent, chemical intermediate, and polyethylene terephthalate. The global monoethylene glycol (MEG) market by application size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Polyester fiber is expected to grow with high CAGR in the forecast period because 90% of the global consumption of monoethylene glycol is used mainly as a raw material in the manufacture of polyester fiber and PET. Polyester fiber is found primarily in textile products like sportswear, carpets, upholstery. Special types of polyester fibers are used in the automotive industry like seatbelts, airbags and in the construction and transport sectors like ropes, tarpaulins.

On the basis of the production process, the monoethylene glycol (MEG) market is segmented into bio-based, methane-to-olefins (MTO), gas-based, coal-based and naphtha-based.

By end-user, the monoethylene glycol (MEG) market is segmented into automotive, chemicals, packaging and textiles.

Geographical Analysis

The Asia Pacific monoethylene glycol (MEG) market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period Asia Pacific is expected to grow with high CAGR growth rate in the forecast period. Asia Pacific is the major market for textiles, packaging, automotive, chemical processing and oil & gas globally. China is investing more in coal-based MEG production facilities to decrease its imports China alone accounts for about 45% of global demand for MEG. Adding to this, 40% of worldwide ethylene glycol production is derived from processes using Shell technologies, only three plants in the world use the new Shell OMEGA technology. Lotte Chemical and Shell from South Korea and Singapore located in Asia are using new shell OMEGE technologies.

Competitive Landscape

The MonoEthylene Glycol (MEG) market is a competitive with existing players in the market.

Some of the major players include LyondellBasell, The Dow Chemical Company, MEGlobal, Helm AG, SABIC, ExxonMobil Corporation, Formosa Plastic Group, AkzoNobel, Honam Petrochemical Corporation, Reliance Industries Limited, and BASF SE.

Companies are focusing to expand their production facilities due to the huge demand from various end-users.

In August 2019, Avantium has announced that they will officially open its demonstration plant for its Mekong technology in Novemberc2019. The facility, located in the Netherlands, has the capacity to produce 10 tons of plant-based MEG per year.

HELM AG is one of the biggest distributors of monoethylene glycol in Europe. HELM AG sells approx. 460,000 tons of ethylene glycol per year, making it one of the biggest suppliers in Europe. Monoethylene glycol makes up the bulk of these 460,000 tons, with 400,000 tons.

Petro Rabigh produces 600 KTA of Mono Ethylene Glycol (MEG) through the most up-to-date process and sells only in bulk quantities via Petro Rabigh Terminal.

Why Purchase the Report?

  • Visualize the composition of the monoethylene glycol (MEG) in terms of various types of applications, technologies and their production process highlighting the key commercial assets and players.
  • Identify commercial opportunities in monoethylene glycol (MEG) market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of monoethylene glycol (MEG) market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The MonoEthylene Glycol (MEG) report would provide an access to an approx, 64 data tables, 49 figures and 195 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Table of Contents

1. Global MonoEthylene Glycol (MEG) Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global MonoEthylene Glycol (MEG) Market - Market Definition and Overview

3. Global MonoEthylene Glycol (MEG) Market - Executive Summary

  • 3.1. Market Snippet by Application
  • 3.2. Market Snippet by Technology
  • 3.3. Market Snippet by Production Process
  • 3.4. Market Snippet by Region

4. Global MonoEthylene Glycol (MEG) Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising demand for polyester fiber and PET
      • 4.1.1.2. Growing demand for MEG in antifreeze & coolant application
      • 4.1.1.3. Increasing demand for automotive
    • 4.1.2. Restraints
      • 4.1.2.1. Fluctuations in prices of raw materials
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global MonoEthylene Glycol (MEG) Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Regulatory Analysis
  • 5.3. Supply Chain Analysis
  • 5.4. Pricing Analysis

6. Global MonoEthylene Glycol (MEG) Market - By End User

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 6.1.2. Market Attractiveness Index, By End User
  • 6.2. Automotive*
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 6.3. Chemicals
  • 6.4. Packaging
  • 6.5. Textiles
  • 6.6. Others (Pharmaceuticals, Construction)

7. Global MonoEthylene Glycol (MEG) Market - By Application

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 7.1.2. Market Attractiveness Index, By Application
  • 7.2. Antifreeze & Coolant*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 7.3. Polyester Fiber
  • 7.4. Solvent
  • 7.5. Chemical Intermediate
  • 7.6. Polyethylene Terephthalate

8. Global MonoEthylene Glycol (MEG) Market - By Production Process

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process
    • 8.1.2. Market Attractiveness Index, By Production Process
  • 8.2. Bio-Based*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 8.3. Methane-to-Olefins (MTO)
  • 8.4. Gas-Based
  • 8.5. Coal-Based
  • 8.6. Naphtha-based

9. Global MonoEthylene Glycol (MEG) Market - By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 9.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process
    • 9.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.2.6.1. U.S.
      • 9.2.6.2. Canada
      • 9.2.6.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 9.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process
    • 9.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.3.6.1. Germany
      • 9.3.6.2. U.K.
      • 9.3.6.3. France
      • 9.3.6.4. Italy
      • 9.3.6.5. Spain
      • 9.3.6.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 9.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process
    • 9.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.4.6.1. Brazil
      • 9.4.6.2. Argentina
      • 9.4.6.3. Rest of South America
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 9.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process
    • 9.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.5.6.1. China
      • 9.5.6.2. India
      • 9.5.6.3. Japan
      • 9.5.6.4. Australia
      • 9.5.6.5. Rest of Asia Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 9.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Production Process

10. Global MonoEthylene Glycol (MEG) Market Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Global MonoEthylene Glycol (MEG) Market Company Profiles

  • 11.1. LyondellBasell*
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. The Dow Chemical Company
  • 11.3. MEGlobal
  • 11.4. Helm AG
  • 11.5. SABIC
  • 11.6. ExxonMobil Corporation
  • 11.7. Formosa Plastic Group
  • 11.8. AkzoNobel
  • 11.9. Honam Petrochemical Corporation
  • 11.10. Reliance Industries Limited
  • 11.11. BASF SE

"List not exhaustive"

12. Global MonoEthylene Glycol (MEG) Market - DataM

  • 12.1. Appendix
  • 12.2. About Us and Services
  • 12.3. Contact Us