Monoethylene Glycol Industry has been Segmented into Products, Applications, and Regions: Radiant Insights

Radiant Insights has published a new report titled “Global and Chinese Monoethylene Glycol (MEG) Industry, 2015 Market Research Report”

Monoethylene glycol is the odorless, colorless and hardly viscous liquid that can be miscible in, water, alcohols, aldehydes, and several other organic compounds. The demand of monoethylene glycol is expanding as it plays a vital role in polyester fibers production.

Monoethylene glycol is referred as an organic compound which is used chiefly as a raw material in PET manufacturing. Furthermore, PET is majorly employed in polyester fibers and bottles in the fabric industry. Monoethylene is hygroscopic and low volatile in contrast to glycerol at a room temperature. The compound is the pure form of colorless liquid. It has a sweet taste.

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The global monoethylene glycol industry has been segmented into products, applications, and regions. By- products, the industry can be divided into triethylene glycol, ethylene glycol oligomers diethylene glycol, and tetraethylene glycol. It is majorly used in the manufacturing of leather, resins, anti-freeze, water-based adhesives, electrolytic capacitors, heat transfer fluids, and deicing fluids. It can also function as a gas-hydrate inhibitor. It is stated that more than 70-80% of the MEG consumed is used as the chemical intermediate in the production process.

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Antifreeze is the leading application in the market. The compound notably prevents the creation of gas-hydrate throughout the production of natural–gas. For lessening the solubility of material salts, common gas inhibitors can sometimes effect unfavorably. The products also have humectants properties and it is supreme for the use in the paper industry along with fiber treatment of textiles, cellophane, paper industry and inks.

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Region wise, the global mono ethylene glycol (MEG) industry is split into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Key market players of monoethylene glycol (MEG) market comprise Reliance Industries Limited, The Dow Chemical Company, BASF SE, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, and Royal Dutch Shell plc.

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