| Product Code: ETC4489226 | Publication Date: Jul 2023 | Updated Date: Mar 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In the Thailand monoethylene glycol (MEG) market, the import trend experienced a significant decline with a growth rate of -24.68% from 2023 to 2024, while the compound annual growth rate (CAGR) for 2020-2024 stood at 24.74%. This sharp decrease in import momentum may be attributed to shifts in demand dynamics or alterations in trade policies impacting market stability.

Monoethylene Glycol (MEG) is a crucial component in the production of polyester fibers and resins. The Thailand MEG market is closely tied to the textile and packaging sectors. As these industries expand, the demand for MEG is expected to grow, with an emphasis on sustainable production.
The MEG market in Thailand is experiencing significant growth, driven by its applications in the production of polyester fibers, films, and antifreeze solutions. MEG versatility as a raw material in the textile and packaging industries, coupled with its use as a coolant in various applications, is contributing to its adoption. The growth of the textile and automotive sectors in Thailand, along with the increasing demand for MEG in PET bottle production, is fueling the positive momentum of the MEG market. Moreover, the emphasis on sustainable materials and the expanding packaging industry are further propelling the market growth.
Challenges in the Thailand Monoethylene Glycol market include the need for sustainable and environmentally friendly production methods. Adapting to changing market dynamics and consumer preferences for eco-friendly products poses hurdles for market players.
The Thailand Monoethylene Glycol (MEG) market faced challenges during the COVID-19 pandemic, with disruptions in the textile and automotive industries. The market is recovering as these sectors pick up, and there is an increasing demand for MEG in the production of polyester fibers and resins. Manufacturers are adapting to changing market dynamics by providing high-quality MEG to meet the diverse needs of different end-users in the post-pandemic era.
MEGDynamics Co., Ltd. is a notable player in the Thailand Monoethylene Glycol (MEG) market. Renowned for its production of MEG, a crucial ingredient in the production of polyester fibers, resins, and antifreeze, MEGDynamics Co., Ltd. contributes to providing essential inputs for the textile, packaging, and automotive industries. The company MEG plays a crucial role in supporting the manufacturing of a wide range of products in the Thai market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Monoethylene Glycol (MEG) Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, 2022 & 2032F |
3.3 Thailand Monoethylene Glycol (MEG) Market - Industry Life Cycle |
3.4 Thailand Monoethylene Glycol (MEG) Market - Porter's Five Forces |
3.5 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.6 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume Share, By Technology, 2022 & 2032F |
4 Thailand Monoethylene Glycol (MEG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for PET bottles and polyester fibers |
4.2.2 Increasing investments in the automotive and construction industries in Thailand |
4.2.3 Favorable government policies promoting the use of monoethylene glycol in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Environmental concerns leading to a shift towards sustainable alternatives |
4.3.3 Intense competition from other glycol products in the market |
5 Thailand Monoethylene Glycol (MEG) Market Trends |
6 Thailand Monoethylene Glycol (MEG) Market, By Types |
6.1 Thailand Monoethylene Glycol (MEG) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Application, 2022-2032F |
6.1.3 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Fiber, 2022-2032F |
6.1.4 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By PET, 2022-2032F |
6.1.5 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Film, 2022-2032F |
6.1.6 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Antifreeze & Coolant, 2022-2032F |
6.1.7 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Others, 2022-2032F |
6.2 Thailand Monoethylene Glycol (MEG) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Naphtha-based, 2022-2032F |
6.2.3 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Coal-and natural gas-based, 2022-2032F |
6.2.4 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Bio-based, 2022-2032F |
6.2.5 Thailand Monoethylene Glycol (MEG) Market Revenues & Volume, By Technology Providers, 2022-2032F |
7 Thailand Monoethylene Glycol (MEG) Market Import-Export Trade Statistics |
7.1 Thailand Monoethylene Glycol (MEG) Market Export to Major Countries |
7.2 Thailand Monoethylene Glycol (MEG) Market Imports from Major Countries |
8 Thailand Monoethylene Glycol (MEG) Market Key Performance Indicators |
8.1 Average selling price of monoethylene glycol in Thailand |
8.2 Capacity utilization rate of monoethylene glycol production facilities |
8.3 Import and export volumes of monoethylene glycol in Thailand |
9 Thailand Monoethylene Glycol (MEG) Market - Opportunity Assessment |
9.1 Thailand Monoethylene Glycol (MEG) Market Opportunity Assessment, By Application, 2022 & 2032F |
9.2 Thailand Monoethylene Glycol (MEG) Market Opportunity Assessment, By Technology, 2022 & 2032F |
10 Thailand Monoethylene Glycol (MEG) Market - Competitive Landscape |
10.1 Thailand Monoethylene Glycol (MEG) Market Revenue Share, By Companies, 2025 |
10.2 Thailand Monoethylene Glycol (MEG) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here