Mono-ethylene Glycol Market 2020 | Industry Status and Global Demand Analysis- SABIC, Royal Dutch Shell Plc., Reliance Industries Limited, Mitsubishi Chemical Corporation (MCC)

Mono-ethylene Glycol Market Precise Outlook 2020-2024 is complete guide for the new entrants in the industry; the report provides the market history of every product ever retailed by the company. It also provides history of the product types, sales, volume, technology, during the forecast period. The growth rate challenges and barriers are also explained in the Mono-ethylene Glycol Market research report. The report shades light on the development rate of the strategies. Products and technologies used in the production, manufacturing and marketing of the report.

The global mono-ethylene glycol (MEG) market is expected to witness a CAGR of 4.5% owing to the increase in utilization of polyethylene terephthalate (PET) in the packaging industry. The growing demand for polyester from the textile industry is also likely to stimulate the MEG market during the forecast period.

Avail a Sample Copy before Purchase:

https://www.marketinsightsreports.com/reports/0417446046/global-mono-ethylene-glycol-market-segmented-by-production-process-application-end-user-industry-and-geography-growth-trends-and-forecasts-2018-2023/inquiry?source=omochaya3&Mode=21

The prominent players in the global Mono-ethylene Glycol market are:

SABIC, Royal Dutch Shell Plc., Reliance Industries Limited, Mitsubishi Chemical Corporation (MCC), DowDuPont, BASF SE, Nan Ya Plastics Corporation, Lotte Chemical Corporation, LyondellBasell Industries N.V., Solventis, AkzoNobel

Market Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America

Get Exclusive Discount at:

https://www.marketinsightsreports.com/reports/0417446046/global-mono-ethylene-glycol-market-segmented-by-production-process-application-end-user-industry-and-geography-growth-trends-and-forecasts-2018-2023/discount?source=omochaya3&Mode=21

Global Mono-ethylene Glycol Market: Research Methodology

PET Demand from Packaging Industry Driving the Market

The demand of PET is on the surge from the packaging industry and has significantly upscaled the mono-ethylene glycol market, as it is widely used in PET production. Food & beverage and pharmaceutical packaging are the key contributors to the industry growth, due to the predominant utilization of PET to produce packaging products, such as films, sheets, bottles, etc.

Polyester Fiber the Dominant Application

Polyester fiber application accounted for more than 50% of the MEG market share. The driving force for polyester fibers market is the increasing demand from the textile industry, primarily in the Asia-Pacific region. PET bottles are the second leading market for MEG globally. Around 10% of the market is attributed to antifreeze, where MEG is used for different purposes, such as for preserving biological tissues and organs, or as de-icing fluids in windshields and aircraft. The PET application is expected to grow at the fastest rate, due to increasing demand for packaging from the food & beverage industry.

Notable Developments

In Nov 2017, Braskem signed a partnership with Haldor Topsoe to develop bio-based MEG. The demonstration plant is likely to be built in Denmark, where operations are likely to begin in 2019.

Furthermore, Global Mono-ethylene Glycol Market following points are involved along with a detailed study of each point: -

- Global Mono-ethylene Glycol Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

- Global Mono-ethylene Glycol Market competition by Manufacturers (2020-2024)

- Production and Consumption by Regions

- Complete profiling and analysis of Manufacturers (2020-2024)

- Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

- Industrial Chain, Sourcing Strategy and Downstream Buyers

- Marketing Strategy Analysis, Distributors/Traders

- Global Mono-ethylene Glycol Market Effect Factors Analysis (2020-2024)

- Global Mono-ethylene Glycol Market Forecast (2020-2024)

- Global Mono-ethylene Glycol Market Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

The research includes historic data from 2015 to 2020, and forecast to 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Contact US:

Irfan Tamboli (Head of Sales) - Market Insights Reports

Phone: + 1704 266 3234

Mob: +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

About US

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.