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World Monoethylene Glycol Market

World Monoethylene Glycol Market

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World Monoethylene Glycol Market

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  1. World Monoethylene Glycol Market to Expand at CAGR of 6.1% during 2032 Forecast Period The increasing use of monoethylene glycol in anti-freeze formulations is likely to play a significant role in the growth of the global monoethylene glycol market. Solvents and anti-icers for aviation are two further applications for monoethylene glycol. The expanding use of monoethylene glycol is estimated to foster growth of the global monoethylene glycol market in the near future. In the global market, cash-rich businesses are expanding research and development for proprietary process technologies for both catalytic/thermal and simply catalytic MEG manufacturing. Small-scale market operators are facing stiff competition from established firms. Get PDF Brochure for More Insights : https://www.alliedmarketresearch.com/checkout- final/959791e38f438bcbc1a21044531701b0 Key Findings of Market Report Monoethylene glycol producers are increasing output capacity for the liquid form of the product. Industrial grade MEG, which is utilized in the manufacturing of polyester, is becoming more widely available. Anti-freeze applications offer companies in the monoethylene glycol market with reliable income streams. They are expanding production lines to open up new revenue streams in the manufacture of hydraulic brake fluids and cooling systems, such as those found in cars and air conditioners, where it works as a coolant and heat transfer agent. Monoethylene glycol producers are diversifying their output in order to innovate in PET, which is used to make plastic bottles. It has been discovered that a substantial percentage of global MEG is utilized as a chemical intermediary in the polyester manufacturing process. The global monoethylene glycol market is being driven by an increase in the disposable income of the urban populace in developing countries. Monoethylene glycol is being increasingly used in the production of a broad range of packaging and textile solutions, which is likely to drive the global market.

  2. In the recent years, the usage of monoethylene glycol in the production of coolants for automobile engines has grown in popularity. The relevance of monoethylene glycol-based liquids for automotive heat transfer in vehicle engines has also piqued industry leaders' interest. Monoethylene glycol's colorless, odorless, and viscous properties have helped it gain popularity in a variety of industries. Ask for Special Discount on Report – https://www.alliedmarketresearch.com/purchase-enquiry/360 Global Monoethylene Glycol Market: Growth Drivers Growing need of polymers in the textile manufacturing industry is likely to trigger expansion of the global monoethylene glycol market. Polyesters are in high demand, owing to their physical and chemical qualities, which make them perfect for tropical climates. Asia Pacific is likely to dominate the global monoethylene glycol market during the forecast period. The market in Asia Pacific is estimated to be driven by rising demand for humectants, chemical intermediates, and resins. Request a Sample – https://www.alliedmarketresearch.com/request-toc-and-sample/360 Global Monoethylene Glycol Market: Key Players Some of the key market players are Mitsubishi Chemical Corporation (MCC) Royal Dutch Shell Plc Saudi Basic Industries Corporation Indian Oil Corporation Limited LyondellBasell Industries N.V. Nan Ya Plastics Corporation 

  3. About Us Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300

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