LONDON--(BUSINESS WIRE)--Monoethylene glycol (MEG) is nowadays recognised as an important raw material for various industrial applications. The top end-use sector of MEG is the production of polyester (PET) resins, films and fibers. Furthermore, MEG is required in the production of coolants, antifreezes, aircraft anti-icer and also deicers and solvents.
During the past few years, the demand for polyester has increased remarkably due to an increasing demand for apparel across the developing countries of the APAC and Latin American regions; this is the direct growth driver of the MEG market.
Another important MEG market growth driver is a strong demand for polyethylene terephthalate (PET), which is spurred by rising usage of PET in the packaging industry.
However, the volatile pricing of raw materials required in the MEG production is preventing many companies from entering the MEG production. This is explained by the fact that the raw materials for MEG production are presently derived from crude oil, one of the top sought-after resources across the globe and also a very volatile product.
The world’s monoethylene glycol (MEG) market is poised to grow at a one-digit CAGR through 2021.
At present, APAC is the leading regional MEG market, and the region is expected to maintain its leading position in the next 5 years. China, India and Taiwan are the key MEG consumers in the region.
In-demand research report “Monoethylene Glycol (MEG): 2016 World Market Outlook and Forecast up to 2020” published by Merchant Research & Consulting, Ltd. offers an all-round analysis of the world’s monoethylene glycol (MEG) market.
Report Details:
Published: September, 2016
Pages: 220
Price: US$ 4,500.00
Web-link: https://mcgroup.co.uk/researches/monoethylene-glycol-meg
This report contains trustworthy data on the historical, present and projected performance of the world’s monoethylene glycol (MEG) market. It explores the key factors hindering and driving the market growth, discusses the emerging challenges and opportunities, investigates the top trends and also touches upon the market structure and segmentation. The research study sheds light on the scenario in the major regional and country-wide markets for MEG, reviews the leading companies active in the global MEG market and covers the recent industry developments. In addition, 5-year forecasts for the global MEG market are provided in this report.
Many other insightful research reports by Merchant Research & Consulting are available at the publisher’s website.
