Advanced Materials Market Research Reports, Analysis and Consulting

Monoethylene Glycol – Global Market Outlook (2015-2022)

Advanced Materials are said to as the materials having additional and unique features of its own that would be beneficial to reduce manufacturing, production or any other operations that costs in the industry. One such product is Monoethylene Glycol. The worldwide Monoethylene Glycol Market accounted for $28.46 billion in 2015 and is expected to arrive $39.04 billion via 2022 growing at a CAGR of 4.6%. Growing utilization of polyethylene terephthalate (PET) in the packaging enterprise is expected to gas the monoethylene glycol market. Nevertheless, fluctuating costs of feed stock materials is among the foremost reasons hampering the market. Developing demand for polyethylene terephthalate (PET) for packaging functions, exceptionally in Asia Pacific and Latin the us is predicted to stay a key using factor for the market. Additionally, progress from world textiles industry can be expected to aid the ethylene glycol market progress over the forecast period. Risky prices and tight provide of raw substances, because of customary fluctuations in crude oil costs is anticipated to inhibit the market growth over the following six years.

Progress in fiber & textile industries coupled with rising demand for non- ionic surfactant is expected to create ample of possibilities for the players out there. Asia-Pacific is the largest market for monoethylene glycol and is estimated to grow at a rapid percentage, due to the existence of huge number of fibers and fabric producers within the neighborhood. Furthermore, key textile generating international locations, corresponding to China is anticipated to power Asia-Pacific monoethylene glycol market. The monoethylene glycol market is incredibly competitive, with the presence of enormous oil & mining and chemical corporations. High measure of forward integration from uncooked fabric manufacturers exists within the monoethylene glycol market. Biggest manufacturers of monoethylene glycol incorporate Saudi Arabia Basic Industries Corporation

Asia Pacific used to be the biggest market accounting for almost half of the global consumption by reason of rapid progress in numerous end-use industries including customer items, fabric and auto in China, India and South Korea. US is also expected to have strong progress prospects over the subsequent seven years on account of rapid industrialization in Brazil and Mexico. North America and Europe are predicted to have Advanced Materials in average progress charges because of their gradual recuperation from the economic slowdown.

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