모노에틸렌글리콜 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the monoethylene glycol market size was valued at 36.52 million tons in 2025 and estimated to grow from 38.41 million tons in 2026 to reach 49.42 million tons by 2031, at a CAGR of 5.17% during the forecast period (2026-2031).

This report is Segmented by Application (Polyester Fibre, PET Bottles, PET Film and Sheets, Antifreeze, and Industrial), End-User Industry (Textile and Apparel, Packaging, Automotive and Transportation, Plastics, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Global Monoethylene Glycol Market Trends and Insights

PET Packaging Demand Surge

Consumer goods companies are pivoting toward lightweight, recyclable packaging, which increases MEG consumption through PET bottles and containers. Coca-Cola's goal of using recycled content by 2030 paradoxically lifts virgin PET demand because bottle-grade rPET availability still lags rising collection targets. E-commerce expansion adds volume as Amazon's Frustration-Free Packaging program specifies high-barrier PET films that maximize cube efficiency and drop resilience. Emerging markets are accelerating the shift from glass to PET, and premium beverage brands in developed countries are favoring clarifying-grade MEG that improves optical properties. Specialty multilayer bottles for dairy and juice further widen the application mix. Overall, brand-owner sustainability targets act less as demand dampeners and more as catalysts for higher-quality, MEG-intensive grades.

Polyester-Fiber Capacity Additions in Asia-Pacific

Consolidation in China's textile sector is driving the development of million-ton polyester complexes that optimize MEG procurement and integrate power, steam, and water utilities to achieve lower per-unit costs. India's Production Linked Incentive scheme commits to synthetic fiber, unlocking fresh offtake for local refineries and increasing inbound MEG cargoes from the Gulf. Vietnam's rapid ascendancy as a garment hub, spurred by trade realignment, adds demand nodes that favor nearby suppliers in Singapore and Thailand. Parallel investment in chemical recycling introduces a closed-loop pathway that requires both virgin and recycled MEG, ensuring dual-stream growth. As a result, the monoethylene glycol market benefits from both volume expansion and product-mix upgrades.

Volatile Ethylene/Crude Oil Feedstock Pricing

Ethylene cost swings compress margins, especially for older naphtha-based plants. Brent crude fluctuated in 2024, directly feeding MEG cash-cost curves. Integrated Middle Eastern complexes enjoy feedstock stability, whereas import-dependent Asian facilities are vulnerable to freight and currency shocks that amplify volatility. Inventory timing becomes critical; producers with internal cracker integration can hedge, while standalone buyers risk negative spreads. Capital budgets for debottlenecking pause during downcycles, potentially delaying efficiency upgrades. Consequently, the monoethylene glycol market faces near-term pricing turbulence that weighs on investment sentiment.

Other drivers and restraints analyzed in the detailed report include:

1. Automotive Shift Toward E-Coolants and EV Thermal Fluids
2. Middle-East On-Purpose MEG Projects Leveraging Cheap Ethane
3. Anti-Plastic Regulations Curbing Virgin PET

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Polyester Fibre accounted for 44.02% of volume in 2025, cementing its role as the primary offtake channel for the monoethylene glycol market. High-throughput Chinese spinning mills and expanding South Asian operations secure base-load demand, even during apparel cycles. PET Film and Sheets, although smaller, posts a 5.86% CAGR thanks to electronics packaging that requires tight-tolerance thickness and superior barrier films. Continuous casting technology upgrades permit thinner gauges that still meet mechanical strength, thereby lifting MEG consumption per unit of film. Antifreeze and industrial uses add stable, margin-accretive volume, while PET Bottles show steady replacement of glass and aluminum in beverages.

Specialty applications broaden value capture. Metalized PET films for snack, dairy, and nutraceutical packaging fetch higher margins due to extended shelf-life performance. In automotive interiors, PET substrates laminated with vegan leather finishes help OEMs meet sustainability benchmarks. These developments raise the average selling price of downstream products, offsetting feedstock price swings and supporting the long-term profitability of the monoethylene glycol market. Furthermore, low-defect PET sheet lines in Southeast Asia supply South Korean and Japanese electronics assemblers, creating integrated regional value chains that lock in MEG supply contracts for up to three years.

Complete Report Scope:

• By Application
  • Polyester Fibre
  • PET Bottles
  • PET Film and Sheets
  • Antifreeze
  • Industrial
• By End-User Industry
  • Textile and Apparel
  • Packaging
  • Automotive and Transportation
  • Plastics
  • Other End-user Industries (Electronics, Paints)
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific controlled 53.10% of global volume in 2025, powered by China's mega-scale polyester clusters in Ningbo and Hainan and India's PLI-driven manufacturing build-out. Integrated refinery-to-polyester parks streamline logistics and utilities, resulting in per-ton costs that are well below global averages. Vietnam, Indonesia, and Thailand capture incremental investments from brands seeking China-plus-one sourcing strategies, creating a robust regional mesh of demand centers. Emission-trading compliance raises operating thresholds, pushing smaller Chinese players toward consolidation and favoring large, energy-efficient complexes. Thus, the monoethylene glycol market in Asia-Pacific enjoys scale economies that are difficult for other regions to replicate.

The Middle East and Africa are projected to post the highest forecast growth at 5.98% CAGR, underpinned by Saudi Arabia's Vision 2030 diversification, which prioritizes downstream petrochemicals. Cheap ethane feedstock, access to deepwater ports, and state-backed infrastructure give Gulf Cooperation Council producers a shipping cost advantage in Europe and Africa. African nations, such as Ethiopia and Egypt, are beginning to build textile clusters that import MEG from Saudi Arabia and Oman, thereby closing the loop with duty-free agreements for finished garments destined for the EU. Political stability and reliable power remain challenges, yet early success stories demonstrate the region's scalability potential.

North America and Europe are facing stricter carbon-pricing regimes and single-use plastic rules, yet they remain relevant through high-value niche applications and sophisticated recycling infrastructure. U.S. shale gas unlocks cost-competitive ethylene crackers, although water-usage restrictions in states like Texas may constrain future debottlenecking efforts. The EU's Carbon Border Adjustment Mechanism, effective 2026, imposes levies on embedded emissions, potentially favoring local glycol producers who purchase renewable electricity certificates. These measures encourage domestic investment in low-carbon MEG variants, such as bio-based and CO2-derived grades, creating a premium tier within the monoethylene glycol market.

1. BASF
2. China Petrochemical Corporation
3. Dow
4. Eastman Chemical Company
5. Exxon Mobil Corporation
6. Formosa Plastics Corporation
7. Hengil Group Co., Ltd
8. Huntsman International LLC
9. India Glycols Limited
10. Indorama Ventures Public Company Limited.
11. LG Chem
12. MEGlobal
13. Mitsubishi Chemical Corporation
14. NAN YA PLASTICS CORPORATION
15. PTT Global Chemical Public Company Limited
16. Reliance Industries Limited
17. SABIC
18. Shell plc
19. Sustainea

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 PET packaging demand surge
  • 4.2.2 Polyester-fiber capacity additions in Asia-Pacific
  • 4.2.3 Automotive shift toward e-coolants and EV thermal fluids
  • 4.2.4 Middle-East on-purpose MEG (Monoethylene Glycol) projects leveraging cheap ethane
  • 4.2.5 Commercialisation of indirect CO2-to-MEG technologies
• 4.3 Market Restraints
  • 4.3.1 Volatile ethylene/crude oil feedstock pricing
  • 4.3.2 Anti-plastic regulations curbing virgin PET
  • 4.3.3 Process-water and carbon intensity penalties in China and European Union
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Application
  • 5.1.1 Polyester Fibre
  • 5.1.2 PET Bottles
  • 5.1.3 PET Film and Sheets
  • 5.1.4 Antifreeze
  • 5.1.5 Industrial
• 5.2 By End-User Industry
  • 5.2.1 Textile and Apparel
  • 5.2.2 Packaging
  • 5.2.3 Automotive and Transportation
  • 5.2.4 Plastics
  • 5.2.5 Other End-user Industries (Electronics, Paints)
• 5.3 By Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Spain
    • 5.3.3.6 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 BASF
  • 6.4.2 China Petrochemical Corporation
  • 6.4.3 Dow
  • 6.4.4 Eastman Chemical Company
  • 6.4.5 Exxon Mobil Corporation
  • 6.4.6 Formosa Plastics Corporation
  • 6.4.7 Hengil Group Co., Ltd
  • 6.4.8 Huntsman International LLC
  • 6.4.9 India Glycols Limited
  • 6.4.10 Indorama Ventures Public Company Limited.
  • 6.4.11 LG Chem
  • 6.4.12 MEGlobal
  • 6.4.13 Mitsubishi Chemical Corporation
  • 6.4.14 NAN YA PLASTICS CORPORATION
  • 6.4.15 PTT Global Chemical Public Company Limited
  • 6.4.16 Reliance Industries Limited
  • 6.4.17 SABIC
  • 6.4.18 Shell plc
  • 6.4.19 Sustainea

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment