모노에틸렌글리콜 시장 : 등급별, 용도별, 최종 용도별 - 세계 예측(2025-2030년)

The Monoethylene Glycol Market was valued at USD 34.25 billion in 2023, expected to reach USD 36.00 billion in 2024, and is projected to grow at a CAGR of 5.20%, to USD 48.86 billion by 2030.

Monoethylene Glycol (MEG) is a pivotal chemical in the petrochemical industry, primarily used as a raw material in the production of polyester fibers, resins, and antifreeze solutions. Its necessity stems from its versatile applications across various industries, including textiles, automotive, packaging, and paints and coatings. MEG's ability to depress the freezing point of water makes it invaluable in antifreeze formulations, while its role as a precursor in the manufacture of polyethylene terephthalate (PET) resonates with its rising demand in the packaging industry. The growth of the MEG market is prominently influenced by the booming textile and packaging sectors, coupled with increased consumption in emerging markets due to urbanization and rising disposable incomes. A critical opportunity lies in bio-based MEG production, as sustainability becomes a decisive factor for market players, catering to the eco-conscious consumer base. However, challenges such as fluctuating crude oil prices, which directly impact the cost of ethylene (a key feedstock), and stringent environmental regulations pose significant constraints. Additionally, the market faces competitive pressure from alternative products like polyester fiber substitutes. Innovations can focus on enhancing production efficiencies, developing cost-effective bio-based MEG, and improving waste management practices to comply with environmental norms. The shift towards bioplastics and circular economy practices presents lucrative research and business growth areas, allowing companies to differentiate themselves through green technologies. The market is marked by intense competition with key players focusing on strategic mergers and acquisitions, R&D investments, and geographical expansion to capture a larger market share. Staying ahead in innovation while managing supply chain complexities and regulatory compliance are crucial for sustaining growth and tapping into new opportunities.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Monoethylene Glycol Market

The Monoethylene Glycol Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Rising demand for packaging materials
  • Expansion of the oil & gas industry
  • Proliferating investments in automotive production
• Market Restraints
  • Volatility in the raw material prices and high production costs of monoethylene glycol
• Market Opportunities
  • Development of sustainable MEG for green PET
  • Increasing strategic alliances and investments
• Market Challenges
  • Health hazards related to the usage of product

Porter's Five Forces: A Strategic Tool for Navigating the Monoethylene Glycol Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Monoethylene Glycol Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Monoethylene Glycol Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Monoethylene Glycol Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Monoethylene Glycol Market

A detailed market share analysis in the Monoethylene Glycol Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Monoethylene Glycol Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Monoethylene Glycol Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Monoethylene Glycol Market

A strategic analysis of the Monoethylene Glycol Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Monoethylene Glycol Market, highlighting leading vendors and their innovative profiles. These include Arham Petrochem, BASF SE, Chemtex Speciality Limited, China Petrochemical Corporation by Sinopec Zhenhai Refining & Chemical Company, Exxon Mobil Corporation, Hydratech by Liquitherm Technologies Group Limited, India Glycols Group, LyondellBasell Industries N.V., MEGlobal International FZE by EQUATE Petrochemical Company, NAN YA PLASTICS CORPORATION by Formosa Plastics Group, Neeraj Chemicals, Reliance Industries Limited, Royal Dutch Shell PLC, Saudi Basic Industries Corporation, and The Dow Chemical Company.

Market Segmentation & Coverage

This research report categorizes the Monoethylene Glycol Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Grade, market is studied across Antifreeze Grade, Industrial Grade, Low Conductivity Grade, and Polyester Grade.
• Based on Application, market is studied across Antifreeze & Coolants, Chemical Intermediates, Heat Transfer Fluids, Polyester Fibres, and Polyester Resin.
• Based on End Use, market is studied across Automotive, Oil & Gas, Packaging, Plastic, and Textile.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rising demand for packaging materials
    • 5.1.1.2. Expansion of the oil & gas industry
    • 5.1.1.3. Proliferating investments in automotive production
  • 5.1.2. Restraints
    • 5.1.2.1. Volatility in the raw material prices and high production costs of monoethylene glycol
  • 5.1.3. Opportunities
    • 5.1.3.1. Development of sustainable MEG for green PET
    • 5.1.3.2. Increasing strategic alliances and investments
  • 5.1.4. Challenges
    • 5.1.4.1. Health hazards related to the usage of product
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Monoethylene Glycol Market, by Grade

• 6.1. Introduction
• 6.2. Antifreeze Grade
• 6.3. Industrial Grade
• 6.4. Low Conductivity Grade
• 6.5. Polyester Grade

7. Monoethylene Glycol Market, by Application

• 7.1. Introduction
• 7.2. Antifreeze & Coolants
• 7.3. Chemical Intermediates
• 7.4. Heat Transfer Fluids
• 7.5. Polyester Fibres
• 7.6. Polyester Resin

8. Monoethylene Glycol Market, by End Use

• 8.1. Introduction
• 8.2. Automotive
• 8.3. Oil & Gas
• 8.4. Packaging
• 8.5. Plastic
• 8.6. Textile

9. Americas Monoethylene Glycol Market

• 9.1. Introduction
• 9.2. Argentina
• 9.3. Brazil
• 9.4. Canada
• 9.5. Mexico
• 9.6. United States

10. Asia-Pacific Monoethylene Glycol Market

• 10.1. Introduction
• 10.2. Australia
• 10.3. China
• 10.4. India
• 10.5. Indonesia
• 10.6. Japan
• 10.7. Malaysia
• 10.8. Philippines
• 10.9. Singapore
• 10.10. South Korea
• 10.11. Taiwan
• 10.12. Thailand
• 10.13. Vietnam

11. Europe, Middle East & Africa Monoethylene Glycol Market

• 11.1. Introduction
• 11.2. Denmark
• 11.3. Egypt
• 11.4. Finland
• 11.5. France
• 11.6. Germany
• 11.7. Israel
• 11.8. Italy
• 11.9. Netherlands
• 11.10. Nigeria
• 11.11. Norway
• 11.12. Poland
• 11.13. Qatar
• 11.14. Russia
• 11.15. Saudi Arabia
• 11.16. South Africa
• 11.17. Spain
• 11.18. Sweden
• 11.19. Switzerland
• 11.20. Turkey
• 11.21. United Arab Emirates
• 11.22. United Kingdom

12. Competitive Landscape

• 12.1. Market Share Analysis, 2023
• 12.2. FPNV Positioning Matrix, 2023
• 12.3. Competitive Scenario Analysis
• 12.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Arham Petrochem
• 2. BASF SE
• 3. Chemtex Speciality Limited
• 4. China Petrochemical Corporation by Sinopec Zhenhai Refining & Chemical Company
• 5. Exxon Mobil Corporation
• 6. Hydratech by Liquitherm Technologies Group Limited
• 7. India Glycols Group
• 8. LyondellBasell Industries N.V.
• 9. MEGlobal International FZE by EQUATE Petrochemical Company
• 10. NAN YA PLASTICS CORPORATION by Formosa Plastics Group
• 11. Neeraj Chemicals
• 12. Reliance Industries Limited
• 13. Royal Dutch Shell PLC
• 14. Saudi Basic Industries Corporation
• 15. The Dow Chemical Company