13.5    Threat of New Entrants The new plants began starting up or increasing operating rates. Ethylene Price Decline in Q1 2020 The ethylene market began 2020 on the rise, slowly but steadily climbing from 16 cents per pound to …         9.2.2 Market Forecast Figure 62: Australia: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025         9.1.2 Market Forecast as gas-based, naphtha-based, coal-based, bio-based, and others. Intended Audience. Figure 72: France: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025     10.2    Asia Pacific         8.1.2 Market Forecast Petrochemical.     13.1    Overview For further information review our Privacy Policy.     10.5    Middle East and Africa         7.3.1 Market Trends            10.2.3.1 Market Trends     5.3    Impact of COVID-19               14.3.7.1 Company Overview         9.6.1 Market Trends The global mono ethylene glycol (MEG) market has been studied across five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. Figure 56: Japan: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 Market Segmentation If you are interested in more information, please contact our media team at media@technavio.com.         14.3.2    Ashland Global Holdings Inc. Global Mono Ethylene Glycol (MEG) Market, by Application, 8.2.1 Market Estimates & Forecast, 2017–2025, 8.2.2 Market Estimates & Forecast, by Region, 2017–2025, 8.3.1 Market Estimates & Forecast, 2017–2025, 8.3.2 Market Estimates & Forecast, by Region, 2017–2025, 8.4.1 Market Estimates & Forecast, 2017–2025, 8.4.2 Market Estimates & Forecast, by Region, 2017–2025, 8.5.1 Market Estimates & Forecast, 2017–2025, 8.5.2 Market Estimates & Forecast, by Region, 2017–2025, 8.6.1 Market Estimates & Forecast, 2017–2025, 8.6.2 Market Estimates & Forecast, by Region, 2017–2025, 9. The automotive industry in the economies of India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the MEG in the regional market in the years to follow. 11    SWOT Analysis 8    Market Breakup by Application The packaging industry is the other major end-use consumer of the MEG, wherein the MEG-based PET is used for the manufacture of water bottles, carbonated drinks bottles, and food packaging, among others.            10.4.1.2 Market Forecast         14.3.12    Royal Dutch Shell         7.2.2 Market Forecast         10.2.3 India This tidy band got a bit messy following the declaration of the pandemic by the World Health Organization, which triggered steep drops in crude and NGLs (propane in particular) and dragged PGP down to 19 cents at this writing (March 25).         10.3.5 Spain , MEG is one of the widely used raw materials for the manufacturing of polyester fibers and polyethylene terephthalate (PET) resins.     9.4    Medical Industry Global Ethylene Glycol Market to Exhibit Moderate Growth during 2020-2025, Impelled by Growing Demand for PET Packaging. The demand for these fibers is increasing owing to the several advantages offered by the fibers over the traditional fibers (cotton), such as resistance to moisture, oil, stains, and water as well as high abrasion and wrinkle resistance. These fibers find application in the manufacture of several textile products including clothing (specialty and protective apparels), home furnishings (bio-active textiles and interior textiles), industrial fabrics (filters, geotextiles, and roofing membranes), tire cord fabrics, and nonwoven fabrics.     2.2    Stakeholders 9    Market Breakup by End-Use Industry plummeting to about 25 cents per gallon (5.75 cents per pound equivalent). Ethylene and propylene prices have had an interesting start to the year – both markets have seen prices drop, but at very different rates. Figure 16: Global: Ethylene Glycol (Ethylene Oxide) Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 The industrial-grade MEG is used in a broad range of applications such as stabilizers against gel formation, deicing fluids, heat transfer fluids (gas compressors, ventilating, heating, process chillers, and air conditioning), and, water-based formulations (adhesives, latex paints, asphalt emulsions).            15.3.11.3 Financials            14.3.10.1 Company Overview         6.3.1 Market Trends Source: MRFR analysis Figure 14: Global: Ethylene Glycol (Triethylene Glycol) Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 Key Players All rights reserved by Fibre2Fashion Pvt. Figure 75: Italy: Ethylene Glycol Market: Volume Trends (in Kilo Tons), 2014 & 2019 Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.            10.4.2.2 Market Forecast         10.2.2 Japan Furthermore, there is widespread adoption of polyester fibers as a cushioning material in pillows, comforters and upholstery padding, which is consequently driving the market for ethylene glycol.     10.3    Europe Global Mono Ethylene Glycol (MEG) Market Share, by End-Use Industry, 2018 (%).            14.3.4.2 Product Portfolio          9.2.1 Market Trends            14.3.9.1 Company Overview     4.1    Overview     2.5    Forecasting Methodology            10.2.5.2 Market Forecast Meanwhile, ethylene is only as strong as its weakest fundamental and with dozens of downstream chemicals making up the demand side, ethylene is impacted by a myriad of nuances in diverse markets.         14.3.7    Huntsman Corporation By function, the global mono ethylene glycol (MEG) market has been divided into chemical intermediate, solvent coupler, solvent, and humectant. Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. If it sounds somewhat grim, that’s because it is. Technavio Research 2017-08-21 Ethylene Glycol Market: Ample Supply and Strong Demand This market research report segments the global ethylene glycol market by application (polyester fiber and films, PET, antifreeze and coolant, and others) and geographical regions (North America, Europe, APAC, South America, and MEA). Table 1: Global: Ethylene Glycol Market: Key Industry Highlights, 2019 and 2025 MEG is produced industrially from ethylene via ethylene oxide, which is hydrated through the thermal or catalytic process. Accurate spot market intelligence you can't find anywhere else. enhance our services. Figure 23: Global: Ethylene Glycol (Polyester Fiber) Market: Volume Trends (in Kilo Tons), 2014 & 2019 5    Global Ethylene Glycol Market     8.4    Film MEG is one of the widely used raw materials for the manufacturing of polyester fibers and polyethylene terephthalate (PET) resins. “Growing demand for bio-based ethylene glycol and increase in production of natural gas in the US are other factors that are expected to boost market growth over the forecast period,” says a senior analyst at Technavio. Nevertheless, the growing popularity of bio-based mono ethylene glycol (MEG) is likely to propel the growth of the global market in the years to follow.     5.4    Market Forecast            14.3.14.2 Product Portfolio     2.4    Market Estimation     9.6    Others         10.4.3 Others Figure 32: Global: Ethylene Glycol (Other Applications) Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 What is the breakup of the market based on the manufacturing process? Furthermore, large-scale consumption of the Bio-PET in the Americas and Europe and increasing adoption in the Asian countries is further expected to provide lucrative opportunities to the manufacturers of bio-based MEG manufacturers during the forecast period. The fluctuations in crude oil prices are anticipated to be a critical challenge for the manufacturers operating in the global market growth during the review period. The Global mono-ethylene glycol market is expected to witness a significant growth in its forecasting period. Figure 89: Others: Ethylene Glycol Market: Volume Trends (in Kilo Tons), 2014 & 2019 Throw in the COVID-19 coronavirus and panic in oil markets that brought crude prices to lows not seen in decades and, well... the story is now complex and fast-changing.         10.2.5 Australia The automotive industry in the economies of India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the MEG in the regional market in the years to follow.         10.3.1 Germany         10.4.1 Brazil Is the story that simple? The regional market is projected to register the highest CAGR during the forecast period owing to the expanding textile and packaging industries in the regional market. Figure 48: United States: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 Table 2: Global: Ethylene Glycol Market Forecast: Breakup by Product (in Kilo Tons), 2020-2025 The demand for these fibers is increasing owing, Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Ice, Electric, Hybrid, Autonomous Vehicles. This is due to the increasing demand for ethylene glycol from various end-user industries such as coating, packaging, automobile, and textile industries in the region.            14.3.12.1 Company Overview What is the degree of competition in the industry.            10.2.4.2 Market Forecast ID: MRFR/CnM/2016-HCR 5 Market Dynamics of the Global Mono Ethylene Glycol (MEG) Market 5.1 Introduction 5.2 Drivers 5.3 Restraints 5.4 Opportunities 5.5 Challenges 6. Figure 66: Others: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 Figure 90: Others: Ethylene Glycol Market Forecast: Volume Trends (in Kilo Tons), 2020-2025 Ethylene glycol exhibits various physical properties, such as high boiling point, resistance to corrosion, hygroscopicity and lubrication, owing to which it finds extensive industrial applications. Figure 35: Global: Ethylene Glycol (Plastic Industry) Market: Volume Trends (in Kilo Tons), 2014 & 2019 As per Technavio, the introduction of novel production technology for ethylene glycol, will have a positive impact on the market and contribute to its growth significantly over the forecast period. The ethylene used in the production of MEG is obtained various sources such as naphtha, synthesis gas, coal, and biomass, wherein the gas-based technology is predominantly used in the market. The global mono ethylene glycol (MEG) market has been segmented on the basis of technology, function, application, and region. Traders and distributors of mono ethylene glycol (MEG). Figure 19: Global: Ethylene Glycol (Biological Route) Market: Volume Trends (in Kilo Tons), 2014 & 2019 Ethylene and propylene prices have had an interesting start to the year – both markets have seen prices drop, but at very different rates.

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