Latest industry research report on Monoethylene Glycol is an odorless, colorless, sweet-tasting, syrupy organic compound. It is generally known as Ethylene glycol. It is widely used as raw material in the manufacturing process of fabric and polyester fibers. In addition, it is used as coolant material, anti- freeze, dewatering agent, chemical intermediate, humecant, anti- corrosion agent, etc. Moreover, Monoethylene Glycol has a wide range of applications, ranging from production of tobacco to manufacturing process of food & beverages, medicines, cosmetics, etc.
The major factor that is driving the growth of the Monoethylene Glycol market is soaring demand for PET resin, polyester fibers and antifreeze. In addition, Monoethylene Glycol is a bio-degradable compound due to which it aquatic organisms are less affected. This factor is also contributing to the growth of the market. However, the major limiting factors of the market are high prices of crude oil and regulations for environmental protection due to which there are less number of approved chemicals present in the market.
Request a Brochure of This Report, here: http://www.custommarketinsights.com/world-monoethylene-glycol-market-opportunities-forecasts-2014-2022-/103236#cs_tabs_request_for_sample
Exposure to Monoethylene Glycol is very toxic for humans; ingestion of Monoethylene Glycol may severely affect kidneys, heart, central nervous systems. This factor is also hampering the growth of the market. Rising demand for non- ionic surfactant and growing textile & fiber industries are expected to create lot of opportunities for the enlargement of the market.
Monoethylene Glycol by Application Market Analysis
Monoethylene Glycol application market is segmented into automotive antifreeze, PET resin, polyester fibers and others. PET resin segment is the largest revenue generating segment due to high demand for Monoethylene Glycol in the manufacturing process of PET bottles.
Monoethylene Glycol by Geography Market Analysis
Monoethylene Glycol geography market is segmented into North America, Europe, Asia-Pacific and RoW. Asia Pacific is the dominating segment of this market due to large number of manufacturers of fiber and textile in Indonesia, India, and China.
The key strategies adopted by the companies to expand in the Monoethylene Glycol market are product launch, mergers & acquisitions and agreements & collaborations. These strategies would help in gaining competitive advantages and expansion of the market. The companies profiled in this report are Chemtex Speciality Limited, India Glycols Ltd., LyondellBasell, Reliance Industries Ltd., Shell Global, and Dow Chemical Company.
High Level Analysis
The report analyzes various macro environments of the Monoethylene Glycol market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of Monoethylene Glycol market. The threat of substitute is low due to unavailability of alternate products.
Monoethylene Glycol market is segmented based on applications and geographies.
MARKET BY APPLICATIONS
MARKET BY GEOGRAPHY
About Custom Market Insights:
Custom Market Insights is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive.
What makes us different from our competitors?
Compared to our competitors, our offerings include, but are not limited to market research services on latest industry trends, customized study at reasonable price, and database bigger than our competitors and provide more relevant results to fit your needs.
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651