Monoethylene Glycol Market
Description
The Global Monoethylene Glycol Market is estimated to be valued at USD 24.11 Bn in 2025 and is expected to reach USD 30.05 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2025 to 2032. The global monoethylene glycol market represents a critical segment within the petrochemical industry, serving as an essential building block for numerous industrial applications and consumer products. Monoethylene glycol, a colorless, odorless, and viscous organic compound with the chemical formula C2H6O2, functions primarily as a raw material in the production of polyethylene terephthalate (PET) resins, polyester fibers, and antifreeze formulations. This versatile chemical intermediate has established itself as an indispensable component across diverse sectors including textiles, packaging, automotive, construction, and electronics manufacturing.
Market Dynamics
The global monoethylene glycol market is propelled by several robust drivers, with the expanding polyester and PET manufacturing industries serving as primary growth catalysts, driven by increasing demand for synthetic textiles, beverage packaging, and consumer goods across emerging economies. The automotive sector's growing requirement for antifreeze and coolant solutions, coupled with rising vehicle production in developing regions, significantly contributes to market expansion. Additionally, the construction industry's increasing utilization of monoethylene glycol based materials for insulation and composite applications, alongside the electronics sector's demand for high-purity MEG in semiconductor manufacturing, further accelerates market growth. However, the market faces substantial restraints including volatile raw material prices, particularly ethylene oxide, which directly impacts production costs and profit margins for manufacturers.
Key Features of the Study
Market Dynamics
The global monoethylene glycol market is propelled by several robust drivers, with the expanding polyester and PET manufacturing industries serving as primary growth catalysts, driven by increasing demand for synthetic textiles, beverage packaging, and consumer goods across emerging economies. The automotive sector's growing requirement for antifreeze and coolant solutions, coupled with rising vehicle production in developing regions, significantly contributes to market expansion. Additionally, the construction industry's increasing utilization of monoethylene glycol based materials for insulation and composite applications, alongside the electronics sector's demand for high-purity MEG in semiconductor manufacturing, further accelerates market growth. However, the market faces substantial restraints including volatile raw material prices, particularly ethylene oxide, which directly impacts production costs and profit margins for manufacturers.
Key Features of the Study
- This report provides in-depth analysis of the global monoethylene glycol market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Monoethylene Glycol market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include MEGlobal, Ishtar Company, LLC, Raha Group, India Glycols Ltd., Kimia Pars Co., LyondellBasell N.V., Arham Petrochem Pvt. Ltd., Indian Oil Corporation Ltd., Pon Pure Chemicals Group, Acuro Organics Ltd., SABIC, Euro Industrial Chemicals, Shell, and UPM Biochemicals
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global monoethylene glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global monoethylene glycol market
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- PET
- Polyester Fibers
- Antifreeze
- Other Applications
- End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
- Packaging
- Textile
- Automotive
- Plastics
- Other End-uses
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- MEGlobal
- Ishtar Company, LLC
- Raha Group
- India Glycols Ltd.
- Kimia Pars Co.
- LyondellBasell N.V.
- Arham Petrochem Pvt. Ltd.
- Indian Oil Corporation Ltd.
- Pon Pure Chemicals Group
- Acuro Organics Ltd.
- SABIC
- Euro Industrial Chemicals
- Shell
- UPM Biochemicals
Table of Contents
150 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Monoethylene Glycol Market, By Application
- Global Monoethylene Glycol Market, By End-use Industry
- Global Monoethylene Glycol Market, By Region
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
- 4. Global Monoethylene Glycol Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- PET
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Polyester Fibers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Antifreeze
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- 5. Global Monoethylene Glycol Market, By End-use Industry, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Plastics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Other End-uses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- 6. Global Monoethylene Glycol Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
- 7. Competitive Landscape
- MEGlobal
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ishtar Company, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Raha Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- India Glycols Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kimia Pars Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- LyondellBasell N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Arham Petrochem Pvt. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Indian Oil Corporation Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Pon Pure Chemicals Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Acuro Organics Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SABIC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Euro Industrial Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Shell
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- UPM Biochemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- 8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 9. References and Research Methodology
- References
- Research Methodology
- About us
- *Browse 32 market data tables and 28 figures on 'Monoethylene Glycol Market' - Global forecast to 2032
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