Global Monoethylene Glycol (MEG) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Monoethylene Glycol (MEG) market size will reach 37,599 Million USD in 2025 and is projected to reach 61,651 Million USD by 2032, with a CAGR of 7.32% (2025-2032). Notably, the China Monoethylene Glycol (MEG) market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

Monoethylene glycol (MEG) is a chemical compound with the formula HOCH2CH2OH. It is a colorless, odorless, and slightly viscous liquid that belongs to the class of glycols. MEG is widely used in many industries due to its unique properties. One of its primary applications is as an important raw material in the production of polyester fibers, resins, and films. MEG is a key component in the manufacturing process of polyester, where it reacts with terephthalic acid or dimethyl terephthalate to produce polyethylene terephthalate (PET) polymers. PET is commonly used in beverage bottles, food packaging, synthetic fibers, and various textiles. MEG’s ability to dissolve water and other substances, along with its low freezing point, makes it valuable as an antifreeze and coolant in diverse industries ranging from automotive to HVAC systems. it is also used as a solvent for dyes, resins, and inks and finds applications in the production of adhesives, cleaners, and personal care products. Additionally, it has hygroscopic properties, making it suitable for use in dehumidifying agents and gas drying processes.

The major global  manufacturers of Monoethylene Glycol (MEG) include SABIC, Sinopec, Formosa Plastics Group (FPG), Shell, EQUATE, Lotte Chemical, Dow, SPDC, CNPC, Reliance Industries, OUCC, INEOS, LyondellBasell, BASF, NIOC, PTT Global Chemical, Farsa Chimie, IndianOil, Indorama Ventures, Sibur, Nippon Shokubai, PJSC Kazanorgsintez, SHAZAND Company, Huntsman, Maruzen Petrochemical, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Monoethylene Glycol (MEG). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Monoethylene Glycol (MEG) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Monoethylene Glycol (MEG) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Monoethylene Glycol (MEG) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Monoethylene Glycol (MEG) Include:

SABIC

Sinopec

Formosa Plastics Group (FPG)

Shell

EQUATE

Lotte Chemical

Dow

SPDC

CNPC

Reliance Industries

OUCC

INEOS

LyondellBasell

BASF

NIOC

PTT Global Chemical

Farsa Chimie

IndianOil

Indorama Ventures

Sibur

Nippon Shokubai

PJSC Kazanorgsintez

SHAZAND Company

Huntsman

Maruzen Petrochemical

Monoethylene Glycol (MEG) Product Segment Include:

Fiber Grade

Industrial Grade

Antifreeze Grade

Monoethylene Glycol (MEG) Product Application Include:

Polyester Fibre

Polyester Resins

Antifreeze and Coolants

Chemical Intermediates

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Monoethylene Glycol (MEG) Capacity and Production Analysis

Chapter 3: Global Monoethylene Glycol (MEG) Industry PESTEL Analysis

Chapter 4: Global Monoethylene Glycol (MEG) Industry Porter's Five Forces Analysis

Chapter 5: Global Monoethylene Glycol (MEG) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Monoethylene Glycol (MEG) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Monoethylene Glycol (MEG) Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Monoethylene Glycol (MEG) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources