Monoethylene Glycol (Meg) Market Is Expected to Reach over Us$ 37.5 Bn by 2022

Monoethylene Glycol (MEG) Market is Expected to Reach Over US$ 37.5 Bn by 2022

According to a new market report published by Credence Research “Monoethylene Glycol (MEG) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the monoethylene glycol (MEG) market is expected to reach over US$ 37.5 Bn by 2022, expanding at a CAGR of 6.0% from 2016 to 2022.

Browse the full Monoethylene Glycol (MEG) Market for Polyethylene Terephthalate (PET), Polyester Fiber, Coolant & Antifreeze and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/monoethylene-glycol-meg-market

Market Insights

Monoethylene glycol is an odorless, colorless and barely viscous liquid which is miscible in alcohols, water, aldehydes and many other organic compounds. Monoethylene glycol is one of the key commercially available glycols. The coproducts such as diethylene glycol and triethylene glycol are obtained in the manufacturing process of MEG from ethylene oxide. End-user industries such as textile and packaging among others are the major consumers of monoethylene glycol in the market. Monoethylene glycol is primarily used as raw material in production of polyethylene terephthalate (PET), polyester resins and coolants & antifreeze among others. These products are used on a large scale in end-user industries for manufacturing various packaging products such as bottles and for manufacturing fabrics in the textile industry. Growing demand for monoethylene glycol from various end-user industries is one among the major driving factors of global monoethylene glycol market.

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Polyethylene terephthalate (PET) is the fastest growing segment of global monoethylene glycol market. PET is used on a large scale in the packaging industry. Therefore, growing packaging industry is the key factor driving the...