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....