DUBLIN--(BUSINESS WIRE)--The "Global Monoethylene Glycol Market - Segmented into Grade, Application and Geography - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The multi-purpose utility of the chemical compound propels the growth of MEG. It is used mainly as a component for the production of Polyethylene Terephthalate (PET) that is used in the packaging industry. The growth of food & beverage-based industries, directly dependent on the packaging industries, acts as one of the major drivers for the growth of MEG market. Apart from the above-mentioned driver, the growth of textile industry accelerates the market growth.
The toxic nature of ethylene glycol chemical compound hinders the market growth. During the process of de-icing, it leaches into the soil and affects the underground water and the soil. Further, the health and well-being of humans and wildlife health are affected during this process.
The segmentation of MEG market is done, on the basis of different grades and applications, the compound caters to. Based on the grades, the market for MEG is segmented into the polyester grade, industrial grade, antifreeze grade and low conductivity grade, among others. Further, the industrial and antifreeze grades sub-segments account for the largest share of the market. Based on the applications, the market for MEG is segmented into polyester resin, polyester fibers, antifreeze and coolants, chemical intermediates, heat transfer fluids and others.
- Royal Dutch Shell plc
- Reliance Industries Limited
- Saudi Basic Industries Corporation (SABIC)
- BASF SE
- Mitsubishi Chemical Corporation (MCC)
- Nan Ya Plastics Corporation
- Lotte Chemical Corporation
- The Dow Chemical Company
- Sinopec Zhenhai Refining & Chemical Company (ZRCC)
- LyondellBasell Industries N.V.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/7qxc3j/global