Stratview Research announces the launch of a new market research report on Monoethylene Glycol Market by Grade Type (Polyester Grade, Industrial Grade, Antifreeze Grade, and Low Conductivity Grade), by Application Type (Polyester Fiber, PET, Antifreeze & Coolants, Chemical Intermediates, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The monoethylene glycol market size was valued at USD 26.69 Billion in 2021 and is likely to grow at a CAGR of 6.12% during 2022-2028 to reach USD 40.8 Billion in 2028.

Market Drivers

Some of the major factors contributing to the growth of the market over the forecast period are

  • Growing production of polyethylene terephthalate,
  • A rise in various industrial sectors,
  • Increase in the demand for polyester fiber in the Asia-Pacific region.

Research Methodology

Stratview Research specifically relies on two types of research methodology –

  • Primary research interviews to get the strategic insights on the market, directly from the industry experts.
  • Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.

Segment-Wise Analysis

Based on the grade type, the market is segmented as a polyester grade, industrial grade, antifreeze grade, and low conductivity grade. The polyester grade is estimated to be the dominating segment of the market over the forecast period. It has a wide range of applications owing to some of its lucrative characteristics, such as moisture-absorbing features and low volatility.

Based on the application type, the market is segmented as polyester fiber, PET, antifreeze & coolants, chemical intermediates, and others. Polyester fiber is estimated to account for the major share of the market on account of its utilization in myriad end-use industries such as resins, electronics, and textiles. On the other hand, PET is estimated to register a high growth rate in the market due to the high consumption of products in the packaging industry.

Based on Region, the report covers the following regions –

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

About Us

Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.

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