How Big Is the Monoethylene Glycol Market | Industry Size, Forecast & Reports 2025

How big is the Monoethylene Glycol market?

Rising demand from polyester fiber and PET resins, increasing automotive production, growing demand for antifreeze and coolants, rapid urbanization, and the expanding packaging industry are key factors propelling market growth.

Growth Factors for Monoethylene Glycol Market

• Bulk consumption of monoethylene glycol is being driven by the textile industry growing demand for polyester fiber.
• PET packaging for food, drink, and personal care is rapidly expanding, which increases the use of MEG.
• Coolant and antifreeze fluid usage is rising in the automotive and transportation industries.
• The demand for paints, adhesives, and resins is being driven by urbanization and infrastructure development.
• Growing demand for bio-based monoethylene glycol and promoting the development of environmentally friendly products
• The demand for industrial-grade MEG is being supported by growth in the construction and oil and gas sectors.

Monoethylene Glycol Market Trends

Monoethylene Glycol Market trends highlight an increased focus on sustainable and bio-based MEG production as environmental concerns rise. To control supply chain risks, major players in the market are also moving toward vertical integration. Furthermore, one of the most prominent trends is the increasing use of polyester in packaging and textiles. Future developments in the industry are also being shaped by technological developments in catalytic processes for MEG production. Demand is being further fueled by the explosion in PET bottle production in emerging economies.

Emerging Developments in the Monoethylene Glycol Market

Emerging developments in the Monoethylene Glycol Market include the adoption of bio-MEG derived from renewable feedstock such as sugarcane and corn, aligning with worldwide sustainability goals. R&D for low-emission production processes is being funded by major players. Worldwide supply capabilities are being improved by strategic mergers and capacity expansion initiatives, particularly in the U.S. and the Middle East. To reduce their environmental impact, businesses are also concentrating on recycling technologies and circular economy models. Digitalization and smart manufacturing are being incorporated for cost and energy optimization.

List of Leading Companies in the Monoethylene Glycol Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Shell Chemicals

This company produces MEG via advanced processes and supplies to multiple industries, especially packaging and textiles.

2.SABIC

This company is a major worldwide supplier of MEG with strong downstream integration and growing export capacities.

3.Dow Inc.

This company offers a wide portfolio of MEG products and serves key sectors like automotive, textile, and consumer goods.

4.LyondellBasell Industries

This company produces MEG and integrates it into its vast petrochemical and packaging materials supply chain.

5.INEOS Oxide

This company is a key European player in the MEG market with multiple production facilities across the continent.

6.Nan Ya Plastics Corporation

This company manufactures MEG as a raw material for its extensive polyester and PET production.

7.Huntsman Corporation

This company is engaged in advanced MEG technologies and supports the textile and chemical sectors.

8.Formosa Plastics Corporation USA

This company supplies MEG for domestic use and export in packaging, fiber, and automotive coolant applications.

How Big Is the Monoethylene Glycol Market : FAQ's