PUBLISHER: The Business Research Company | PRODUCT CODE: 1927020
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927020
Monoethylene glycol (MEG) serves various purposes, including its use in the production of polyester and as a corrosion inhibitor in antifreeze and coolants. This colorless and odorless chemical is derived from ethylene through the manufacturing process of ethylene oxide.
The primary types of monoethylene glycol include gas-based, naphtha-based, coal-based, methane-to-olefins, and bio-based. Gas-based monoethylene is sourced from fossil fuels, which are the remnants of ancient plants and plankton. Applications of MEG span across various industries and products such as polyester fiber, polyethylene terephthalate resins, polyethylene terephthalate film, antifreeze, and others. End-users of monoethylene glycol include sectors like textiles and leather, packaging, adhesives and sealants, paints and coatings, chemicals, and more.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the monoethylene glycol market by increasing costs of imported ethylene feedstocks, catalysts, processing equipment, and downstream polyester intermediates. Asia-Pacific regions such as China and Southeast Asia are most affected due to export-oriented MEG production, while Europe and North America face cost pressure on specialty and bio-based MEG imports. These tariffs are influencing trade flows and pricing volatility. However, they are also supporting regional capacity expansion, backward integration, and investment in alternative feedstock pathways.
The monoethylene glycol market research report is one of a series of new reports from The Business Research Company that provides monoethylene glycol market statistics, including monoethylene glycol industry global market size, regional shares, competitors with a monoethylene glycol market share, detailed monoethylene glycol market segments, market trends and opportunities, and any further data you may need to thrive in the monoethylene glycol industry. This monoethylene glycol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The monoethylene glycol market size has grown strongly in recent years. It will grow from $37.72 billion in 2025 to $41.07 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to expansion of global polyester fiber demand, growth in pet packaging consumption, increasing automotive coolant usage, availability of ethylene oxide production capacity, integration of refinery and petrochemical operations.
The monoethylene glycol market size is expected to see strong growth in the next few years. It will grow to $56.73 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing demand for sustainable packaging materials, rising adoption of electric vehicle thermal management fluids, expansion of bio-based chemical production, growing investments in capacity debottlenecking, increasing focus on circular economy feedstocks. Major trends in the forecast period include expansion of polyester and pet resin production, rising demand for antifreeze and coolant applications, growing adoption of bio-based meg routes, capacity additions in integrated petrochemical complexes, enhanced focus on feedstock efficiency.
The rise in the packaging industry is significantly contributing to the growth of the mono ethylene glycol market. Packaging involves enclosing or protecting products for distribution, storage, sale, and use. Increasing demand in the packaging industry, particularly for sustainable solutions, drives the need for mono ethylene glycol. For instance, in January 2023, according to Protega Global Ltd., a UK-based supplier of sustainable packaging, consumer demand for sustainable packaging reached 81%, indicating a major shift toward reducing plastic waste. Therefore, the rise in the packaging industry is driving the growth of the mono ethylene glycol market.
Major companies in the mono ethylene glycol market are forming strategic partnerships to support production and supply of sustainable alternatives. Strategic partnerships allow companies to leverage each other's strengths and resources for mutual benefit. For instance, in October 2024, Sustainea, a Brazil-based Bio-MEG company, partnered with Primient, a US-based producer of food and industrial ingredients. The partnership enables Primient to supply corn dextrose from its Lafayette, Indiana facility to Sustainea's first Bio-MEG plant. This $400 million investment is aimed at producing a renewable, plant-based alternative to conventional petroleum-based MEG. Sustainea is positioning itself as a global leader in Bio-MEG, offering a drop-in product that maintains high quality and functionality while significantly reducing the carbon footprint compared to fossil-based alternatives.
In August 2024, Brenntag Essentials, a Germany-based provider of chemical distribution and value-added blending services, acquired Monarch Chemicals Ltd. for an undisclosed amount. This acquisition strengthens Brenntag's UK presence by expanding its liquid and powder blending capabilities and enhancing last-mile distribution services. Monarch Chemicals Ltd. is a UK-based distributor and toll manufacturer of commodity and agricultural chemicals.
Major companies operating in the monoethylene glycol market are BASF SE, Dow Inc., LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, MEGlobal B.V., Reliance Industries Limited, Mitsubishi Chemical Corporation, Indian Oil Corporation Limited, Lotte Chemical Corporation, Nan Ya Plastics Corporation, India Glycols Limited, ExxonMobil Corporation, Formosa Plastics Corporation, China Petroleum & Chemical Corporation, Nouryon Holding N.V., Saudi Basic Industries Corporation (SABIC), EQUATE Petrochemical Company, INEOS Group Limited, National Iranian Oil Company, SHAZAND Petrochemical Complex Company, Oriental Union Chemical Corporation
Asia-Pacific was the largest region in the mono ethylene glycol market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monoethylene glycol market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the monoethylene glycol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The mono ethylene glycol market consists of sales of naphtha based mono ethylene glycol and gas based mono ethylene glycol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Monoethylene Glycol Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses monoethylene glycol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for monoethylene glycol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The monoethylene glycol market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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