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Global Monoethylene Glycol (Meg) Market Is Anticipated to Reach Us$ 40.85 Bn in 2023 : Tmr

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Transparency Market
Research
Monoethylene Glycol (MEG) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023

Published Date
18-Aug-2015

121 Page Report

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Press Release

Growth in Consumption of PET and Polyester in Emerging
Economies to Spur Monoethylene Glycol (MEG) Production,
reports TMR
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Monoethylene Glycol (MEG) Market

REPORT DESCRIPTION
Monoethylene Glycol (MEG) Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023
The global monoethylene glycol market was dominated by SABIC, The Dow Chemical Company, and Royal
Dutch Shell Plc. – three companies that collectively held 29.3% of the market in 2014.
Despite the globally strong presence of these key players, a majority of the global production of monoethylene
glycol is done by regional and local companies. This creates a highly fragmented and highly competitive
market where capacity expansion is the core standard for gaining market share.
According to a new publication released by Transparency Market Research, the competitive edge in the global
market for monoethylene glycol is expected to remain very sharp over the coming years, due to the sheer
number of regional players that globally prominent producers have to compete with.
The threat of new entrants is expected to remain low till 2023, owing to the high level of regulatory control, the
currently intense competition in the market, and the high capital required to create a sustainable business.
In terms of revenue, the global market for monoethylene glycol is expected to expand at a CAGR of 6.1%
within a forecast period from 2015 to 2023. The revenue is expected to reach US$26.93 bn by the end of 2016
and US$40.84 bn by the end of 2023.
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