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Monoethylene Glycol (MEG) Market by Application (Fiber, PET, Antifreeze & Coolant, Film), Technology, and Geography (Asia Pacific, North America, Europe, Middle East & Africa, and South America) - Global Forecast to 2022

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Date: 29-Jan-2018
No. of pages: 123
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The MEG market is projected to grow at a CAGR of 4.5% in terms of value during the forecast period

The MEG market was valued at USD 24.41 billion in 2017 and is projected to reach USD 30.40 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The growing demand for MEG in the production of polyester and PET is driving the MEG market. Improved socioeconomic conditions, emerging economies, improved infrastructure, increasing vehicle fleet, among other factors have propelled the demand for automobiles. Growing demand for automotive across the world is expected to drive the demand in antifreeze & coolant application in automotive industry. Toxicity of MEG is a major restraint to the MEG market.

Among applications, the automotive & coolant segment market is projected to grow at the highest CAGR during the forecast period

Anti-freeze is used in automobiles, heating, ventilation, and air conditioning (HVAC) systems, and heat exchangers to facilitate heat transfer process. Growing automotive and chemical processing end-use industries are expected to increase the demand of antifreeze & coolant in turn driving the MEG market.

The Asia Pacific MEG market is projected to grow at the highest CAGR during the forecast period

The Asia Pacific MEG market is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for MEG in polyester production and PET production units. APAC is the largest market of MEG owing to the high growth potential in polyester fibers and PET applications. China and India require significant volume of MEG to produce polyester fibers and PET resins. The polyester fiber production and consumption in APAC is expected to be the largest driver of the market in 2017. Polyester fibers are expected to dominate the overall fiber market, by 2022. APAC is expected to have higher demand in the MEG market over other regions due to the influencing factors such as, energy, labor costs, freight, and raw material costs. A major manufacturer of textiles, clothing, and apparel, APAC is expected to propel the growth of the MEG market during the forecast period.

This study has been validated through primaries conducted with various industry experts, worldwide. The primary sources have been divided into three categories, namely, company type, designation, and region.                                  


  • By Company Type- Tier 1-70%, Tier2 -20%, and Tier 3-10%

  • By Designation- C Level-5%, Director Level-20%, and Others-75%

  • By Region-AsiaPacific-45%, Europe-35%,Middle East & Africa-10%, North America-5%, and South America-5%


Companies Profiled in the Report:

The key players profiled in the report include SABIC (Saudi Arabia), Formosa (Taiwan), Dow (US), BASF (Germany), ME Global (UAE), Sinopec (China), Shell (Netherlands), Reliance (India), and SIBUR (Russia).

Research Coverage:

The report offers insights on MEG used for various applications in various end-use industries across regions. It aims at estimating the size of the MEG market during the forecast period and projects future growth potential of the market across different segments, such as form,end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the MEG market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in the MEG market by providing them the closest approximations of the revenues for the overall market and its various sub segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the MEG market.

Monoethylene Glycol (MEG) Market by Application (Fiber, PET, Antifreeze & Coolant, Film), Technology, and Geography (Asia Pacific, North America, Europe, Middle East & Africa, and South America) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered For the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2 Primary Data
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the MEG Market
4.2 APAC MEG Market, By Application and Country
4.3 MEG Market, By Application
4.4 MEG Market, By Region

5 Market Overview
5.1 Introduction
5.1.1 MEG Production and Capacity, By Key Country, 2016 (Kiloton)
5.1.2 Major Importers and Exporters in MEG Market
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.2 Increasing Demand For Polyester Fiber and PET
5.2.2 Restraints
5.2.2 Restraints
5.2.3 Opportunities
5.2.3 Opportunities
5.2.3.2 Increasing Coal Plants in China
5.2.4 Challenges
5.2.4 Challenges
5.2.4.2 Costs Associated With the Refining of MEG
5.3 Porter’s Five Forces Analysis
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macro Economic Indicators
5.4.1 Gdp Growth Rate Forecast of Major Economies
5.4.2 Automotive Industry
5.4.3 Textile Industry

6 MEG Market, By Technology
6.1 Technology
6.1.1 Naphtha-Based
6.1.2 Coal-And Natural Gas-Based
6.1.2.2 Eastman-Jm Davy’s MEG Technology
6.1.2.3 Mto
6.1.3 Bio-Based MEG Production
6.1.3 Bio-Based MEG Production
6.1.3.1.1 Sucrose
6.1.3.1.1 Sucrose
6.1.3.1.2 Starchy Biomass
6.1.3.1.3 Lignocellulose
6.1.4 Technology Providers
6.1.4 Technology Providers
6.1.4.2 Shell Chemical

7 MEG Market, By Application
7.1 Introduction
7.2 Fiber
7.3 Film
7.4 Pet
7.4.1 Bottle
7.4.2 Food Packaging
7.4.3 Other Packaging Applications
7.5 Antifreeze & Coolant
7.6 Others
7.6.1 Industrial Applications
7.6.1.2 Humectant
7.6.1.3 Natural Gas Transportation

8 MEG Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 UK
8.4.4 Italy
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America

9 Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Competitive Situations and Trends
9.3.1 Mergers & Acquisitions
9.3.2 Agreements & Partnerships
9.3.3 Investments & Expansions

10 Company Profiles
10.1 SABIC
10.2 MEGlobal
10.3 Shell
10.4 Formosa Plastics
10.5 Dowdupont
10.6 Reliance Industries
10.7 Sinopec
10.8 BASF
10.9 PTTGC
10.10 Sibur
10.11 Other Key Players
10.11.1 Lotte Chemical
10.11.2 Eastman
10.11.3 Exxonmobil
10.11.4 Huntsman
10.11.5 Ineos Oxide
10.11.6 Indian Oil
10.11.7 India Glycols
10.11.8 Indorama
10.11.9 Akzo Nobel
10.11.10 Clariant
10.11.11 LG Chem
10.11.12 Mitsui Chemicals
10.11.13 Mitsubishi Chemical Corporation
10.11.14 Kuwait Petroleum Corporation

11 Appendix
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables

Table 1 Forecast of Real Gdp Growth Rates From 2016 to 2022
Table 2 Country Wise Data For Vehicles in Use, 2015
Table 3 Production Capacities, By Technology, 2013
Table 4 Comparative Analysis of Production Technology
Table 5 MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 6 MEG Market Size, By Application, 2015–2022 (USD Million)
Table 7 MEG Market Size, By Region, 2015–2022 (Kiloton)
Table 8 MEG Market Size, By Region, 2015–2022 (USD Million)
Table 9 APAC: MEG Market Size, By Country, 2015–2022 (Kiloton)
Table 10 APAC: MEG Market Size, By Country, 2015–2022 (USD Million)
Table 11 APAC: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 12 APAC: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 13 Polyester Production in China, 2014-2018 (Kiloton)
Table 14 China: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 15 China: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 16 Production Capacities of MEG in India, 2011-2016
Table 17 India: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 18 India: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 19 Japan: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 20 Japan: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 21 South Korea: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 22 South Korea: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 23 Rest of APAC: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 24 Rest of APAC: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 25 North America: MEG Market Size, By Country, 2015–2022 (Kiloton)
Table 26 North America: MEG Market Size, By Country, 2015–2022 (USD Million)
Table 27 North America: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 28 North America: MEG Market Size, By Application,2015–2022 (USD Million)
Table 29 US: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 30 US: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 31 Canada: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 32 Canada: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 33 Mexico: MEG Market Size, By Application, 2015–2022 (Kiloton)
Table 34 Mexico: MEG Market Size, By Application, 2015–2022 (USD Million)
Table 35 Europe: MEG Market Size, By Country, 2015—2022 (Kiloton)
Table 36 Europe: MEG Market Size, By Country, 2015—2022 (USD Million)
Table 37 Europe: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 38 Europe: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 39 Germany: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 40 Germany: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 41 France: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 42 France: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 43 UK: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 44 UK: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 45 Italy: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 46 Italy: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 47 Rest of Europe: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 48 Rest of Europe: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 49 Middle East & Africa: MEG Market Size, By Country, 2015—2022 (Kiloton)
Table 50 Middle East & Africa: MEG Market Size, By Country, 2015—2022 (USD Million)
Table 51 Middle East & Africa: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 52 Middle East & Africa: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 53 Saudi Arabia: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 54 Saudi Arabia: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 55 South Africa: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 56 South Africa.: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 57 Rest of the Middle East & Africa: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 58 Rest of the Middle East & Africa: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 59 South America: MEG Market Size, By Country, 2015—2022 (Kiloton)
Table 60 South America: MEG Market Size, By Country, 2015—2022 (USD Million)
Table 61 South America: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 62 South America: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 63 Brazil: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 64 Brazil: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 65 Argentina: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 66 Argentina: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 67 Rest of South America: MEG Market Size, By Application, 2015—2022 (Kiloton)
Table 68 Rest of South America: MEG Market Size, By Application, 2015—2022 (USD Million)
Table 69 Mergers & Acquisitions, 2012–2017
Table 70 Agreements & Partnerships, 2012–2017
Table 71 Investments & Expansions, 2012–2017

List of Figures

Figure 1 MEG Market Segmentation
Figure 2 MEG Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 MEG Market: Data Triangulation
Figure 6 MEG Market Size, By Volume (Kiloton) & Value (USD Billion), 2015-2022
Figure 7 Fiber Application to Dominate MEG Market Between 2017 and 2022
Figure 8 China to Be the Largest Market of MEG Between 2017 and 2022 in Terms of Value
Figure 9 APAC Dominated MEG Market in 2016
Figure 10 Increasing Demand From Fiber and PET Applications to Drive MEG Market
Figure 11 Fiber to Be the Largest Application of MEG
Figure 12 Antifreeze & Coolant to Be the Fastest-Growing Application
Figure 13 APAC Dominated the MEG Market in 2016
Figure 14 MEG Name Plate Capacities and Production, 2015-2017
Figure 15 Major Importers of MEG, 2016
Figure 16 Major Exporters of MEG, 2016
Figure 17 Driver, Restraints, Opportunities, and Challenges in the MEG Market
Figure 18 Porter’s Five Forces Analysis of MEG Market
Figure 19 World Textile Trade Data (2005–2014)
Figure 20 Various Technologies Used For MEG Production
Figure 21 Naphtha-Based Production Technology
Figure 22 Production of MEG Using Oxalate Technology
Figure 23 Production of MEG Using Eastman-Jm Davy’s Technology
Figure 24 Production of MEG Using MTO Technology
Figure 25 Fiber to Lead MEG Market During Forecast Period
Figure 26 MEG Production, By Region, 2015-2017
Figure 27 India to Register Fastest Growth in MEG Market
Figure 28 APAC Market Snapshot: Growing Textile Industry to Drive MEG Market
Figure 29 PET Application to Drive MEG Market in North America
Figure 30 Europe: MEG Market Snapshot
Figure 31 Companies Adopted Investments & Expansions as the Key Growth Strategy
Figure 32 Market Share Analysis of Key Players, 2016
Figure 33 SABIC: Company Snapshot
Figure 34 Shell: Company Snapshot
Figure 35 Formosa Plastics: Company Snapshot
Figure 36 Reliance Industries: Company Snapshot
Figure 37 Sinopec: Company Snapshot
Figure 38 BASF: Company Snapshot
Figure 39 PTTGC: Company Snapshot
Figure 40 Sibur: Company Snapshot

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