세계의 모노에틸렌글리콜 시장 : 등급별, 용도별 분석 - 시장 규모, 산업 역학, 기회 분석, 예측(2026-2035년)

The global monoethylene glycol (MEG) market is a substantial and rapidly growing industry, valued at approximately USD 35.78 billion in 2025. This market is poised for continued expansion, with projections indicating it will reach a valuation of USD 54.56 billion by 2035. This growth corresponds to a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2026 to 2035, reflecting strong and sustained demand across multiple sectors.

A primary driver behind this market expansion is the high demand originating from the Asia-Pacific region, which stands out as the largest consumer and producer of MEG worldwide. The region's booming textile industry, particularly in countries like China, India, and Southeast Asian nations, heavily relies on polyester fibers for apparel, home furnishings, and industrial applications. Concurrently, the rapid growth of PET packaging in these markets-fueled by increasing urbanization, rising disposable incomes, and consumer preference for lightweight, durable, and recyclable packaging solutions-further propels MEG demand.

Noteworthy Market Developments

Key industry players such as Dow, SABIC, Shell, BASF, Sinopec, and Reliance continue to dominate the mono-ethylene glycol (MEG) market through strategic initiatives centered on capacity expansion, research and development, and exploration of emerging markets. These companies are investing heavily in increasing their production capabilities to meet the growing global demand for MEG, particularly driven by applications in textiles, packaging, and automotive sectors.

In addition to these broad industry trends, notable developments in related sectors highlight the ongoing technological advancements that can influence the MEG market. For instance, in October 2025, Arteco, a provider of liquid cooling solutions, unveiled its new ECO coolant portfolio. This includes the Freecor EV product line, which features low electrical conductivity coolants (LECCs) designed to enhance the efficiency and safety of electric vehicle cooling systems.

Similarly, in September 2025, Bosch Aftermarket Mobility (MA) launched its first-ever Bosch Long Life Organic Acid Technology (OAT) coolant in Malaysia. This product introduction signifies Bosch's expansion into sustainable and long-lasting automotive fluids, aligning with global trends toward improved vehicle efficiency and reduced environmental footprint.

Core Growth Drivers

The increasing demand for lightweight and transparent rigid beverage packaging solutions is playing a crucial role in driving growth in the mono-ethylene glycol (MEG) market. As consumer preferences evolve, there is a strong push towards packaging that not only protects the product but also enhances convenience, sustainability, and visual appeal. Lightweight packaging reduces transportation costs and environmental impact by lowering material usage and energy consumption during shipping, making it highly attractive to manufacturers and consumers alike. Transparency, on the other hand, allows consumers to see the product clearly, improving trust and enhancing the overall user experience, which is particularly important in the beverage industry.

Emerging Opportunity Trends

The integration of bio-based feedstock sources into polymer manufacturing processes represents a significant and promising trend that offers substantial growth opportunities for the mono-ethylene glycol (MEG) market. As sustainability becomes an increasingly critical focus across industries, manufacturers are actively exploring alternatives to traditional fossil fuel-derived feedstocks. Bio-based feedstocks, derived from renewable resources such as plants and agricultural waste, offer an environmentally friendly option that can reduce the carbon footprint of polymer production and align with global efforts to combat climate change.

Barriers to Optimization

Frequent price volatility in crude oil markets poses a significant challenge to the growth of downstream chemical industries, including the mono-ethylene glycol (MEG) market. Since crude oil serves as a primary feedstock for many chemical processes, fluctuations in its price directly influence the cost structure of producing chemicals derived from petroleum. This volatility creates an unstable pricing environment for downstream products like MEG, leading to uncertainty for manufacturers and buyers alike. When crude oil prices spike, production costs for MEG tend to increase, forcing producers to either absorb higher expenses or pass them on to customers, which can reduce demand.

Detailed Market Segmentation

By Application, polyethylene terephthalate (PET) production has firmly established itself as the largest and most significant application segment within the mono-ethylene glycol (MEG) market. PET, a widely used polymer, serves as the backbone for a vast array of products, including plastic bottles, food packaging, textiles, and various industrial materials. It is MEG's role as a key building block in the polymerization process that makes PET known for its high-quality, durable polyester materials.

By Grade, Polyester-grade mono ethylene glycol (MEG) remains the dominant segment within the global MEG market due to its essential role as a raw material in the textile and apparel industries. This grade of MEG is specifically tailored to meet the stringent quality requirements necessary for producing polyester fibers and fabrics, which are widely used in clothing, home textiles, and industrial applications. The continued growth of the textile and apparel sectors worldwide directly drives demand for polyester-grade MEG, underscoring its critical importance in the global supply chain.

Segment Breakdown

By Grade

• Polyester
• Industrial
• Antifreeze

By Application

• Polyester Fiber
• Polyethylene Terephthalate (PET)
• Antifreeze & Coolants
• Chemical Intermediates

By Region

• North America
• The US
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia and New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East and Africa
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

Geography Breakdown

• Asia Pacific continues to hold a dominant position in the global mono-ethylene glycol (MEG) market, largely due to China's unparalleled industrial infrastructure and highly integrated production systems. By early 2025, China's MEG production capacity had surged to an impressive 32 million metric tons, solidifying its role as the undisputed powerhouse driving global MEG output. This massive capacity not only reflects China's strategic investments in chemical manufacturing but also highlights the country's critical importance in meeting worldwide demand for MEG, a key raw material used extensively in the production of polyester fibers and various other industrial applications.
• The dominance of the Asia Pacific region is particularly evident in textile hubs such as Zhejiang and Jiangsu provinces, where large manufacturing clusters have developed into global centers of polyester fiber production. These clusters consume nearly 80% of the world's polyester fiber-grade chemicals, a statistic that vividly illustrates the integral role MEG plays in the region's industrial ecosystem.

Leading Market Participants

• BASF
• Dow
• Mitsubishi Chemical Corporation
• Formosa Plastics Corporation
• NAN YA PLASTICS CORPORATION
• Huntsman International LLC
• PTT Global Chemical Public Company Limited
• India Glycols Limited
• Reliance Industries
• Eastman Chemical Company
• LG Chem
• Exxon Mobil Corporation
• China Petrochemical Corporation
• Hengil Group Co., Ltd
• Indorama Ventures Public Company Limited.
• MEGlobal
• SABIC
• Shell plc
• Sustainea
• Other Prominent Players

Table of Content

Chapter 1. Executive Summary: Global Monoethylene Glycol Market

Chapter 2. Research Methodology & Research Framework

• 2.1. Research Objective
• 2.2. Product Overview
• 2.3. Market Segmentation
• 2.4. Qualitative Research
  • 2.4.1. Primary & Secondary Sources
• 2.5. Quantitative Research
  • 2.5.1. Primary & Secondary Sources
• 2.6. Breakdown of Primary Research Respondents, By Region
• 2.7. Assumption for Study
• 2.8. Market Size Estimation
• 2.9. Data Triangulation

Chapter 3. Global Monoethylene Glycol Market Overview

• 3.1. Industry Value Chain Analysis
  • 3.1.1. Raw Material Suppliers (Ethylene)
  • 3.1.2. MEG Manufacturers
  • 3.1.3. Distributors & Traders
  • 3.1.4. End-use Industries
• 3.2. Industry Outlook
  • 3.2.1. Trade Performance of Monoethylene Glycols Globally
  • 3.2.2. Major Buyers & Suppliers
  • 3.2.3. Regulatory Landscape
• 3.3. PESTLE Analysis
• 3.4. Porter's Five Forces Analysis
  • 3.4.1. Bargaining Power of Suppliers
  • 3.4.2. Bargaining Power of Buyers
  • 3.4.3. Threat of Substitutes
  • 3.4.4. Threat of New Entrants
  • 3.4.5. Degree of Competition
• 3.5. Market Growth and Outlook
  • 3.5.1. Market Revenue Estimates and Forecast (US$ Mn), 2020-2035
  • 3.5.2. Market Volume Estimates and Forecast (Kilotons), 2020-2035
  • 3.5.3. Price Trend Analysis

Chapter 4. Global Monoethylene Glycol Market Analysis

• 4.1. Market Dynamics and Trends
  • 4.1.1. Growth Drivers
  • 4.1.2. Restraints
  • 4.1.3. Opportunity
  • 4.1.4. Key Trends
• 4.2. Competition Dashboard
  • 4.2.1. Market Concentration Rate
  • 4.2.2. Company Market Share Analysis (Value %), 2025
  • 4.2.3. Competitor Mapping & Benchmarking

Chapter 5. Global Monoethylene Glycol Market Analysis

• 5.1. Key Insights
• 5.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 5.2.1. By Grade
    • 5.2.1.1. Polyester Grade
    • 5.2.1.2. Industrial Grade
    • 5.2.1.3. Antifreeze Grade
  • 5.2.2. By Application
    • 5.2.2.1. Polyester Fiber
    • 5.2.2.2. Polyethylene Terephthalate (PET)
    • 5.2.2.3. Antifreeze & Coolants
    • 5.2.2.4. Chemical Intermediates
  • 5.2.3. By Region
    • 5.2.3.1. Key Insights
      • 5.2.3.1.1. North America
        • 5.2.3.1.1.1. The U.S.
        • 5.2.3.1.1.2. Canada
        • 5.2.3.1.1.3. Mexico
      • 5.2.3.1.2. Europe
        • 5.2.3.1.2.1. Western Europe
          • 5.2.3.1.2.1.1. The UK
          • 5.2.3.1.2.1.2. Germany
          • 5.2.3.1.2.1.3. France
          • 5.2.3.1.2.1.4. Italy
          • 5.2.3.1.2.1.5. Spain
          • 5.2.3.1.2.1.6. Rest of Western Europe
        • 5.2.3.1.2.2. Eastern Europe
          • 5.2.3.1.2.2.1. Poland
          • 5.2.3.1.2.2.2. Russia
          • 5.2.3.1.2.2.3. Rest of Eastern Europe
      • 5.2.3.1.3. Asia Pacific
        • 5.2.3.1.3.1. China
        • 5.2.3.1.3.2. India
        • 5.2.3.1.3.3. Japan
        • 5.2.3.1.3.4. South Korea
        • 5.2.3.1.3.5. Australia & New Zealand
        • 5.2.3.1.3.6. ASEAN
          • 5.2.3.1.3.6.1.1. Indonesia
          • 5.2.3.1.3.6.1.2. Malaysia
          • 5.2.3.1.3.6.1.3. Thailand
          • 5.2.3.1.3.6.1.4. Singapore
          • 5.2.3.1.3.6.1.5. Rest of ASEAN
        • 5.2.3.1.3.7. Rest of Asia Pacific
      • 5.2.3.1.4. Middle East & Africa
        • 5.2.3.1.4.1. UAE
        • 5.2.3.1.4.2. Saudi Arabia
        • 5.2.3.1.4.3. South Africa
        • 5.2.3.1.4.4. Rest of MEA
      • 5.2.3.1.5. South America
        • 5.2.3.1.5.1. Argentina
        • 5.2.3.1.5.2. Brazil
        • 5.2.3.1.5.3. Rest of South America

Chapter 6. North America Monoethylene Glycol Market Analysis

• 6.1. Market Dynamics and Trends
  • 6.1.1. Growth Drivers
  • 6.1.2. Restraints
  • 6.1.3. Opportunity
  • 6.1.4. Key Trends
• 6.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 6.2.1. By Grade
  • 6.2.2. By Application
  • 6.2.3. By Country

Chapter 7. Europe Monoethylene Glycol Market Analysis

• 7.1. Market Dynamics and Trends
  • 7.1.1. Growth Drivers
  • 7.1.2. Restraints
  • 7.1.3. Opportunity
  • 7.1.4. Key Trends
• 7.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 7.2.1. By Grade
  • 7.2.2. By Application
  • 7.2.3. By Country

Chapter 8. Asia Pacific Monoethylene Glycol Market Analysis

• 8.1. Market Dynamics and Trends
  • 8.1.1. Growth Drivers
  • 8.1.2. Restraints
  • 8.1.3. Opportunity
  • 8.1.4. Key Trends
• 8.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 8.2.1. By Production Route
  • 8.2.2. By Grade
  • 8.2.3. By Application
  • 8.2.4. By Country

Chapter 9. Middle East & Africa Monoethylene Glycol Market Analysis

• 9.1. Market Dynamics and Trends
  • 9.1.1. Growth Drivers
  • 9.1.2. Restraints
  • 9.1.3. Opportunity
  • 9.1.4. Key Trends
• 9.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 9.2.1. By Grade
  • 9.2.2. By Application
  • 9.2.3. By Country

Chapter 10. South America Monoethylene Glycol Market Analysis

• 10.1. Market Dynamics and Trends
  • 10.1.1. Growth Drivers
  • 10.1.2. Restraints
  • 10.1.3. Opportunity
  • 10.1.4. Key Trends
• 10.2. Market Size and Forecast, 2020-2035 (US$ Mn & Kilotons)
  • 10.2.1. By Grade
  • 10.2.2. By Application
  • 10.2.3. By Country

Chapter 11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 11.1. BASF
• 11.2. Dow
• 11.3. Mitsubishi Chemical Corporation
• 11.4. Formosa Plastics Corporation
• 11.5. NAN YA PLASTICS CORPORATION
• 11.6. Huntsman International LLC
• 11.7. PTT Global Chemical Public Company Limited
• 11.8. India Glycols Limited
• 11.9. Reliance Industries
• 11.10. Eastman Chemical Company
• 11.11. LG Chem
• 11.12. Exxon Mobil Corporation
• 11.13. China Petrochemical Corporation
• 11.14. Hengil Group Co., Ltd
• 11.15. Indorama Ventures Public Company Limited.
• 11.16. MEGlobal
• 11.17. SABIC
• 11.18. Shell plc
• 11.19. Sustainea
• 11.20. Other Prominent Players

Chapter 12. Annexure

• 12.1. List of Secondary Sources
• 12.2. Key Country Markets- Macro Economic Outlook/Indicators