Mono Ethylene Glycol (MEG) Market is predicted to reach USD 61.90 billion at a CAGR of 6.10% during the forecast period

Pune, India, September, 2023/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Mono Ethylene Glycol Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Market Research Future (MRFR) has published a cooked research report on the “Global Mono Ethylene Glycol (MEG) Market” that contains information from 2023 to 2030. The Global Mono Ethylene Glycol (MEG) Market is estimated to register a CAGR of 6.10% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Mono Ethylene Glycol (MEG) Market— Royal Dutch Shell PLC, Dow, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, India Glycols Limited, ME (UAE), Petro Rabigh, NAN YA PLASTICS CORPORATION, and LyondellBasell Industries Holdings BV.

Market Highlights

The Global Mono Ethylene Glycol (MEG) Market is accounted to register a CAGR of 6.10% during the forecast period and is estimated to reach USD 61.90 Billion by 2030.

The Global Mono Ethylene Glycol (MEG) Market refers to the worldwide economic landscape involving the production, distribution, trade, and consumption of monoethylene glycol (MEG). MEG is a vital chemical compound primarily used as a raw material in various industrial applications, most notably in the production of polyester fibers, polyethylene terephthalate (PET) resins, antifreeze formulations, and other products in industries such as textiles, packaging, automotive, and construction.

 The demand for MEG is driven by its versatile applications. The largest share of MEG consumption is in the production of PET resins, which are used in manufacturing plastic bottles, containers, and polyester fibers. Other applications include the production of antifreeze and coolants, as well as in various industrial processes as a solvent or heat transfer fluid.

Segment Analysis

The Global Mono Ethylene Glycol (MEG) Market has been segmented based on product, function and application.

On the basis of product, the market is segmented into Gas-Based, naphtha-Based, Coal-Based and Bio-Based. The naphtha-based sub-segment generated the largest revenue, Due to the enhanced chemical stability, ease of recyclability, high barrier features, and dimension stability.

Based on function, the market has been segmented into Chemical Intermediate, Solvent Coupler, Solvent and Humectant. The solvent category held the largest share in the market. The companies in the monoethylene glycol market are diversifying production or innovating in PET, which is converted into solvent.

Based on application, the market has been segmented into Polyester Fiber, PET Products, Antifreeze Coolant and Industrial. The polyester fiber segment dominants the market. The factors attributed to the segment's growth are associated with increased product consumption in the packaging industry due to its hygroscopic and water & vapor barrier attributes.

Regional Analysis

The Global Mono Ethylene Glycol (MEG) Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Mono Ethylene Glycol (MEG) Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Mono Ethylene Glycol (MEG) Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Mono Ethylene Glycol (MEG) Market comprises of Middle East, Africa, and Latin America.

North America has a significant production capacity for MEG, with the United States being a major producer. The presence of large petrochemical companies and refineries contributes to this capacity. There is a growing focus on sustainable and bio-based alternatives, which might influence the MEG market.

Europe has a substantial production capacity for MEG. MEG is used extensively in Europe for applications such as PET production, textiles, and industrial processes. Stringent environmental regulations drive innovation in the market.

The Asia-Pacific region, particularly China and India, is a major production hub for MEG. Rapid industrialization and manufacturing growth contribute to high production levels. The region is the largest consumer of MEG, driven by the flourishing textiles, packaging, and automotive industries.

Furthermore, the rest of the world's Global Mono Ethylene Glycol (MEG) Market is divided into the Middle East, Africa, and Latin America. Some countries in Latin America, such as Brazil, have MEG production capabilities. MEG consumption in Latin America is influenced by the packaging, textiles, and automotive sectors, as well as industrial processes.

Key Findings of the Study

• The Global Mono Ethylene Glycol (MEG) Market is expected to reach USD 61.90 Billion by 2030, at a CAGR of 6.10% during the forecast period.


• The Asia-Pacific region is a major production hub for MEG. The region is the largest consumer of MEG, driven by the flourishing textiles, packaging, and automotive industries.


• Based on application, the market has been segmented into Polyester Fiber, PET Products holding the largest market in 2022.


• Royal Dutch Shell PLC, Dow, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, India Glycols Limited, ME (UAE), Petro Rabigh, NAN YA PLASTICS CORPORATION, and LyondellBasell Industries Holdings BV.

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