Monoethylene Glycol Market is Expected to Gain Popularity Across the Globe by 2028

The global Monoethylene Glycol Market is forecast to reach USD 82.25 Billion by 2028, according to a new report by Reports and Data.

The global Monoethylene Glycol Market is forecast to reach USD 82.25 Billion by 2028, according to a new report by Reports and Data. Ethylene glycol is a chemical most commonly used in industrial and commercial applications, including coolant and antifreeze.

It helps keep a car’s engine from freezing during the winter, and also during the summer, it reduces overheating by acting as a coolant. Other applications of ethylene glycol include heat transfer fluids used as industrial coolants for gas heating, compressors, air-conditioning systems, ventilating, and ice skating rinks.

Top Companies Operating in the Global Monoethylene Glycol Market:

Reliance Industries, Sinopec, SABIC, DowDuPont, Royal Dutch Shell, Huntsman, AkzoNobel, BASF SE, Lotte Chemical, and Ashland Inc.

Get a sample copy of the global Monoethylene Glycol Market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2430

Further key findings from the report suggest

  • Monoethylene glycol (MEG) is a colorless, odorless, syrupy liquid with sweet taste. Mono-ethylene Glycol (MEG) can be used for applications that require chemical intermediates for resins, solvent couplers, freezing point depression, solvents, humectants, and chemical intermediates.
  • Monoethylene glycol is primarily used in the manufacturing of PET and polyester resins. The product is a significant raw material for industrial resins, deicing fluids, heat transfer fluids, automotive antifreeze and coolants, water-based adhesives, latex paints and asphalt emulsions, electrolytic capacitors, textile fibers, paper, and leather.
  • Ethylene glycol can be produced from ethylene, via the intermediate ethylene oxide. Reaction of ethylene oxide with water produces ethylene glycol. The highest yields of the market product occurs at acidic or neutral pH with an excess of water. Ethylene glycol yields upto 90% can be achieved under these conditions.
  • Ethylene glycols finds many applications, including automobile anti-freeze, aircraft deicing, and manufacturing quenchants. Ethylene glycol fluids are used in aircraft deicing in some parts of the globe as it has a lower operational use temperature than propylene glycol.
  • Large-scale consumption of the Bio-PET in America is expected to create lucrative opportunities to augment the growth of the market for ethylene glycol as it is a raw material for the production of PET. North America is forecasted to grow with a CAGR of 6.4% during the forecast period. 

Read full Report Description @ https://www.reportsanddata.com/report-detail/ethylene-glycol-market

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Monoethylene Glycol Market Segmentation

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)

Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Ethylene Oxide
  • Coal
  • Biological Route
  • Renewable Resources

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Polyester Fiber
  • PET Bottle
  • Antifreeze
  • PET Films/Others
  • Industrial

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