Monoethylene Glycol (Meg) Market - Global Industry Analysis and Forecast 2015 – 2023

Transparency Market

Research

Monoethylene Glycol Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2023

Published Date

18-Aug-2015

121 Page Report

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Press Release

Monoethylene Glycol (MEG) Market is Expected to Reach US$

40.85 Bn in 2023 : TMR

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Monoethylene Glycol Market

REPORT DESCRIPTION

Monoethylene Glycol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015

- 2023

Transparency Market Research has published a new report titled “Monoethylene Glycol Market - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the

global monoethylene glycol (MEG) market stood at US$ 27.21 Bn at US$ 27.21 Bn in 2014 and is anticipated

to reach US$ 40.85 Bn in 2023, expanding at a CAGR of 6.1% between 2015 and 2023. In terms of volume,

the market was valued at 24,782.6 kilo tons in 2014.

Browse the full Monoethylene Glycol (MEG) Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 - 2023 report at : http://www.transparencymarketresearch.com/monoethyleneglycol-market.html

Growth in the packaging industry is estimated to drive the demand for monoethylene glycol. Polyethylene

terephthalate (PET) is the fastest growing application of the monoethylene glycol market. Increase in usage of

polyethylene terephthalate in the packaging industry is projected to boost the monoethylene glycol market.

Rise in production of polyester fiber in Asia Pacific is also likely to propel the demand for monoethylene glycol

in the near future. Monoethylene glycol is produced from ethylene, a downstream product of crude oil and

natural gas. Ethylene-intermediator ethylene oxide is hydrated to monoethylene glycol. Therefore, prices of

monoethylene glycol fluctuate...