[123 Pages Report] The Monoethylene Glycol (MEG) market was valued at USD 23.12 billion in 2016 and is projected to reach USD 30.40 billion by 2022, at a CAGR of 4.5% during the forecast period. The high demand for MEG in applications including, PET, fiber, film, and antifreeze & coolant is driving the MEG market
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Antifreeze & coolant is the fastest growing application owing to its high growth in automotive and chemical end-use industries. Ethylene glycol is the most widely used coolant in APAC which is also the fastest growing market and accounted for more than 80% of the total coolant market in 2015.
Based on region, the MEG market has been segmented into APAC, North America, Europe, the Middle East & Africa, and South America. APAC is the largest and fastest growing market for MEG.
https://www.prnewswire.com/news-releases/monoethylene-glycol-meg-market-worth-3040-billion-usd-by-2022-671601603.html
Target Audience:
- Manufacturers of MEG
- Chemical Suppliers
- Traders, Distributors, and Suppliers of MEG
- Raw Material Suppliers
- Government and Research Organizations
- Industry Associations
The key players operating in the MEG Market are SABIC (Saudi Arabia), Formosa (Taiwan), Dow (US), BASF SE (Germany), MEGlobal (UAE), Sinopec (China), Shell (Netherlands), Reliance (India), and SIBUR (Russia). These companies undertake dynamic business strategies that propel the growth of the MEG Market.
Early buyers will receive 10% customization on this report.
Don’t miss out on business opportunities in Monoethylene Glycol (MEG) Market.
For more details read our blog: https://chemabd007.blogspot.com/2019/03/key-growth-strategies-adopted-by.html
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