The Monoethylene Glycol Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Monoethylene Glycol
Market:
https://www.thebusinessresearchcompany.com/report/monoethylene-glycol-global-market-report
According to The Business Research Company’s Monoethylene Glycol Global Market Report 2024, The monoethylene
glycol market size has grown strongly in recent years. It will grow from $33.11 billion in 2023 to $35.78 billion in 2024 at a compound annual growth
rate (CAGR) of 8.1%. The growth in the historic period can be
attributed to polyester production, antifreeze and coolants, fiber production,
industrial solvents, glycol ethers.
The monoethylene glycol market size is expected to see strong growth in the
next few years. It will grow to $49.05
billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be
attributed to automotive electrification, renewable chemicals, textile
recycling, medical and pharmaceutical, cosmetic and personal care. Major trends
in the forecast period include advanced coatings, clean energy technologies,
biodegradable plastics, packaging sustainability, pet (polyethylene
terephthalate) bottle development.
The rise in the packaging industry is significantly contributing to the growth
of the mono ethylene glycol market going forward. Packaging refers to enclosing
or protecting products for distribution, storage, sale, and use. As a result,
increasing demand in the packaging industry increases the demand for mono
ethylene glycol. For instance, in 2021, according to the India Brand Equity
Foundation, an Indian government export promotion agency, packaging demand and
consumption in India increased 200%, from 4.3 kgs per person per annum (PPPA)
to 8.6 kgs PPPA. Further, in June 2021, according to Financial Express, an
Indian business newspaper, the sustainable packaging industry in India is
estimated to grow by 4-6% and account for 770–800 kilo tons (KT) by 2024.
Therefore, the rise in the packaging industry is driving the growth of the mono
ethylene glycol market going forward.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6595&type=smp
The monoethylene glycol market covered
in this report is segmented –
1) By Production Process: Gas-Based, Naphtha-Based, Coal-Based,
Methane-to-Olefins (MTO), Bio-Based
2) By Application: Polyester Fiber, Polyethylene Terephthalate (PET) Resins,
Polyethylene Terephthalate (PET) Film, Antifreeze, Other Applications
3) By End Users: Textiles and Leather, Packaging, Adhesives and Sealants,
Paints and Coatings, Chemical, Other End Users
Strategic partnerships have emerged as the key trend gaining popularity in the
mono ethylene glycol market. Major companies operating in the mono ethylene
glycol sector are looking for partnerships to reinforce their position in the
market. For instance, in March 2022, Braskem, a Brazil-based petrochemical
company, partnered with Sojitz Corporation, a Japan-based trading company. This
partnership aims to increase the industrial production and sale of chemicals
made from renewable sources. Further, in July 2021, Clariant AG, a
Switzerland-based chemical company, partnered with India Glycols, an
India-based green technology-based chemicals company. Through this partnership,
both companies established a 51-49% joint venture for renewable ethylene oxide
(EO) derivatives after receiving all necessary regulatory approvals.
The monoethylene glycol market report
table of contents includes:
1. Executive Summary
2.
Monoethylene Glycol Market Characteristics
3.
Monoethylene Glycol Market Trends And Strategies
4.
Monoethylene Glycol Market - Macro Economic Scenario
5. Global
Monoethylene Glycol Market Size and Growth
.
31. Global Monoethylene Glycol Market Competitive Benchmarking
32. Global
Monoethylene Glycol Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Monoethylene Glycol Market
34.
Monoethylene Glycol Market Future Outlook and Potential Analysis
35.
Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment