Global Mono Ethylene Glycol (MEG) Market 2017-2021 with Akzo Nobel, BASF, Huntsman International, LyondellBasell Industries & Royal Dutch Shell Dominating

The global mono ethylene glycol (MEG) market to grow at a CAGR of 6.27% during the period 2017-2021.

Global Mono Ethylene Glycol (MEG) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The latest trend gaining momentum in the market is Bio-based MEG: Sustainable production. There is pressure on producers for using sustainable production methods. Though most manufacturers are welcoming this, small manufacturers are finding it hard to keep up with the increasing competition. With the increase in focus on sustainability and favorable government regulations for green procurement policies, the global bio-based MEG market will experience significant opportunities in the packaging and textile industries.

According to the report, one of the major drivers for this market is Increasing demand for PET containers. The rising demand for PET containers from application industries, including packaging, is anticipated to drive the growth of the global MEG market during the forecast period. The increasing scope of application for PET in numerous consumer goods, which includes food containers and bottles, is anticipated to drive demand for MEG. Excellent strength and impact resistance properties of PET containers will propel the growth of the global MEG market.

Further, the report states that one of the major factors hindering the growth of this market is Volatile crude oil prices. Constant fluctuations in the prices of raw materials used in the production of MEG pose a challenge to MEG manufacturers. Ethylene, the major raw material of MEG, is derived from petrochemicals. The price of petrochemicals depends on the price of crude oil. Owing to the volatile political situation in Iraq, the second largest producer of crude oil in the Organization of the Petroleum Exporting Countries, there is an increased volatility in the price of crude oil in the international market. This resulted in a significant rise in prices of major petrochemicals in the last five years. As the prices of MEG cannot keep up with the fluctuating prices of their raw materials, there is now a gap between the production costs and sales values of MEG manufacturers.

Key vendors

Other prominent vendors

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Geographical segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

PART 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/p25j6q/global_mono

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