Monoethylene Glycol Market to garner significant revenues through 2025
Category: #business  By Rahul Sankrityayan  Date: 2020-02-04
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Monoethylene Glycol Market to garner significant revenues through 2025

DecResearch has recently published a study titled ‘global Monoethylene glycol market research report’. In this report, analysts have provided a detailed evaluation of the global Monoethylene glycol market. The report is inclusive of a completely comprehensive study of the Monoethylene glycol market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

 

A highly methodical quantitative as well as qualitative analysis of the global Monoethylene glycol market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a porter’s five force model, in tandem with the swot analysis and pestel analysis of the Monoethylene glycol market.

 

The report covers various areas such as Monoethylene glycol market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape.

Request for a sample of this research report @ http://decresearch.com/request-sample/detail/2198

The main aim of this report is to present various updates and data pertaining to the Monoethylene glycol market and also to list out the growth opportunities prevalent for the market expansion. A detailed market synopsis as well as an in-depth market definitions and overview of the Monoethylene glycol market have been provided in the report.

 

The abstract section includes the market dynamics – inclusive of the market drivers, restraints, trends, as well as growth opportunities. Details about the pricing analysis as well as value chain analysis are given. The report is also inclusive of the historic figures and estimates pertaining to the growth of this market during the forecast period.

 

Additionally, the report contains information about the anticipated CAGR of the global Monoethylene glycol market over the forecast period. Technological developments and innovations in liquid pouch packaging will boost the global Monoethylene glycol market share during the forecast period.

Asia Pacific monoethylene glycol industry has been projected to register a rather commendable growth rate of 7% over 2017-2024, driven by the extensive contribution of countries such as India and China and the robust demand for polyester fiber in the region. The fact that more than 90% of the global polyester fiber production of 2014 took place in Asia Pacific affirms the aforementioned analysis. Subject to the robust economic growth of the emerging nations, higher disposable incomes and relaxed regulations on the manufacturing of MEG, Asia Pacific will register the highest demand as well as supply for MEG, providing a major stimulus to the regional MEG market. North America MEG industry on the other hand, may register a slower growth rate due to the imposition of stringent regulations on the manufacturing of MEG in these regions. In consequence, it has even been observed that major MEG industry players have shifted their base to Middle East and Africa.

 

The chief factor hindering the growth of the MEG market will be the product’s toxic nature. In the process of de-icing, MEG seeps into the soil and affect not only the underground water but also the health and well-being of humans and wildlife in the area. In response, many countries have banned the production of MEG, which has undoubtedly hampered the growth of monoethylene glycol industry. Apart from the regulatory pressure, fluctuating crude oil prices have also affected the growth of the MEG market, as the product is derived from ethylene – a downstream product of crude oil. However, these factors have not reduced the demand for PET or polyester and countries like India and China with relaxed governmental regulations on the use of MEG have helped the MEG market to grow considerably. As per estimates, MEG industry size has been projected to cross USD 40 billion by 2024, with a CAGR anticipation of 6% between 2017 and 2024.

The regional segmentation covers:

 

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

 

North America Region (U.S., Canada, Mexico)

 

South America Region (Argentina, Brazil, Columbia, Rest of South America)

 

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

 

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

 

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Report Highlights

 

– A detailed pricing analysis on the source of the product, application, and regional segments

 

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global Monoethylene glycol market

 

– Insights about the regulatory as well as investment scenarios of the global Monoethylene glycol market

 

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global Monoethylene glycol market

 

– A detailed roadmap presenting the growth opportunities in the global Monoethylene glycol market alongside the identification of key factors

 

– An exhaustive evaluation of the numerous trends prevailing in the global Monoethylene glycol market that would help identify market developments

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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