Monoethylene Glycol Global Market Report 2022 – By Production Process (Gas-Based, Naphtha-Based, Coal-Based, Methane-to-Olefins (MTO), Bio-Based), By Application (Polyester Fiber, Polyethylene Terephthalate (PET) Resins, Polyethylene Terephthalate (PET) Film, Antifreeze), By End Users (Textiles And Leather, Packaging, Adhesives And Sealants, Paints And Coatings, Chemical) – Market Size, Trends, And Global Forecast 2022-2026

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The mono ethylene glycol market consists of the sale of mono ethylene glycol services by entities (organizations, sole traders, and partnerships) that are used in the manufacturing of polyester and as a corrosion inhibitor in antifreeze and coolants. Monoethylene glycol is an odorless and colorless chemical substance that is produced from ethylene in the process of manufacturing ethylene oxide.

The main types of mono ethylene glycol are gas-based, naphtha-based, coal-based, methane-to-olefins, and bio-based. Gas-based monoethylene is the source of energy that comes from the remains of ancient plants and plankton, generally called fossil fuels. The different applications include polyester fiber, polyethylene terephthalate resins, polyethylene terephthalate film, antifreeze, and others. The different end-users include textiles and leather, packaging, adhesives and sealants, paints and coatings, chemicals, and others.

The mono ethylene glycol market research report is one of a series of new reports from The Business Research Company that provides mono ethylene glycol market statistics, including global market size, regional shares, competitors with a mono ethylene glycol market share, detailed mono ethylene glycol market segments, market trends and opportunities, and any further data you may need to thrive in the mono ethylene glycol industry. This mono ethylene glycol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global mono ethylene glycol market size is expected to grow from $27.78 billion in 2021 to $30.41 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global mono ethylene glycol market size is expected to grow to $38.36 billion in 2026 at a CAGR of 6%.

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 tonnes (KT) by 2024. Therefore, the rise in the packaging industry is driving the growth of the monoethylene glycol market going forward.

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. 

In June 2020, Saudi Arabian Oil Co., a Saudi Arabia-based petroleum and natural gas company, acquired a 70% stake in Saudi Basic Industries Corp (SABIC) for a deal amount of US $69.1 billion. Through this acquisition, Saudi Aramco is expected to develop a global integrated downstream business designed to add value across the hydrocarbon chain. SABIC is a Saudi Arabia-based chemical company that produces a range of polymers, monoethylene glycol, performance chemicals, fertilizers, as well as steel products.

Major players in the mono ethylene glycol market are BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, MEGlobal B.V., Reliance Industries Limited, Mitsubishi Chemical Corporation, Indian Oil Corporation Limited, Lotte Chemical Corporation, Nan Ya Plastics Corporation, India Glycols, ExxonMobil Corporation, Formosa Plastics Corporation, Sinopec, and SIBUR International GmbH.

Asia-Pacific was the largest region in the mono ethylene glycol market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global mono ethylene glycol market during the forecast period. The regions covered in the global mono ethylene glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the mono ethylene glycol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global monoethylene glycol market 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, Others

3) By End Users: Textiles and Leather, Packaging, Adhesives and Sealants, Paints and Coatings, Chemical, Others

    Table Of Contents

    1. Executive Summary

    2. Monoethylene Glycol Market Characteristics

    3. Monoethylene Glycol Market Trends And Strategies

    4. Impact Of COVID-19 On Monoethylene Glycol

    5. Monoethylene Glycol Market Size And Growth

    5.1. Global Monoethylene Glycol Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Monoethylene Glycol Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Monoethylene Glycol Market Segmentation

    6.1. Global Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Gas-Based

    Naphtha-Based

    Coal-Based

    Methane-to-Olefins (MTO)

    Bio-Based

    6.2. Global Monoethylene Glycol Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Polyester Fiber

    Polyethylene Terephthalate (PET) Resins

    Polyethylene Terephthalate (PET) Film

    Antifreeze

    Other Applications

    6.3. Global Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Textiles and Leather

    Packaging

    Adhesives and Sealants

    Paints and Coatings

    Chemical

    Other End Users

    7. Monoethylene Glycol Market Regional And Country Analysis

    7.1. Global Monoethylene Glycol Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Monoethylene Glycol Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Monoethylene Glycol Market

    8.1. Asia-Pacific Monoethylene Glycol Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Monoethylene Glycol Market

    9.1. China Monoethylene Glycol Market Overview

    9.2. China Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Monoethylene Glycol Market

    10.1. India Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Monoethylene Glycol Market

    11.1. Japan Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Monoethylene Glycol Market

    12.1. Australia Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Monoethylene Glycol Market

    13.1. Indonesia Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Monoethylene Glycol Market

    14.1. South Korea Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Monoethylene Glycol Market

    15.1. Western Europe Monoethylene Glycol Market Overview

    15.2. Western Europe Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Monoethylene Glycol Market

    16.1. UK Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Monoethylene Glycol Market

    17.1. Germany Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Monoethylene Glycol Market

    18.4. France Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Monoethylene Glycol Market

    19.1. Eastern Europe Monoethylene Glycol Market Overview

    19.2. Eastern Europe Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Monoethylene Glycol Market

    20.1. Russia Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Monoethylene Glycol Market

    21.1. North America Monoethylene Glycol Market Overview

    21.2. North America Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Monoethylene Glycol Market

    22.1. USA Monoethylene Glycol Market Overview

    22.2. USA Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Monoethylene Glycol Market

    23.1. South America Monoethylene Glycol Market Overview

    23.2. South America Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Monoethylene Glycol Market

    24.1. Brazil Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Monoethylene Glycol Market

    25.1. Middle East Monoethylene Glycol Market Overview

    25.2. Middle East Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Monoethylene Glycol Market

    26.1. Africa Monoethylene Glycol Market Overview

    26.2. Africa Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Monoethylene Glycol Market Competitive Landscape And Company Profiles

    27.1. Monoethylene Glycol Market Competitive Landscape

    27.2. Monoethylene Glycol Market Company Profiles

    27.2.1. BASF SE

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Dow Chemical Company

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. LyondellBasell Industries Holdings B.V.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Royal Dutch Shell plc

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. MEGlobal B.V.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Monoethylene Glycol Market

    29. Monoethylene Glycol Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Monoethylene Glycol Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Monoethylene Glycol Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Monoethylene Glycol Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Monoethylene Glycol Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Monoethylene Glycol Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: BASF SE Financial Performance
  • Table 47: Dow Chemical Company Financial Performance
  • Table 48: LyondellBasell Industries Holdings B.V. Financial Performance
  • Table 49: Royal Dutch Shell plc Financial Performance
  • Table 50: MEGlobal B.V. Financial Performance

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