Ethylene Glycol MEG
Market, Supplier, Risk and
Competitive Intelligence

Industry Outlook & Drivers

Global Market Outlook on Ethylene Glycol MEG

• The global demand is expected to grow at 2-4% CAGR through 2018–2024
• PET applications in packaging, polyester application in textiles, MEG applications as anti-freeze and coolant in automobiles are likely to remain as the key growth drivers
• Capacity expansions in North America, Asia and the Middle East are expected to cater to the growing demand
• Europe would continue to be import dependent during the forecast period

Demand Market Outlook

The global MEG (Mono Ethylene Glycol) market is well-supplied post 2018, due to growing capacity expansions in North America and the Middle East. Packaging and textile segments would continue to drive the MEG market across all three regions(North America, EU and Asia)

Global Market Size: MEG

• The global MEG market is forecast to grow at a CAGR to reach $35.1 million by 2022
• Asia and Europe would continue to witness a supply deficit and depend on imports from North America and the Middle East during the forecast period
• Global capacity is estimated to be around 29.4 MMT/year and the demand is estimated to be around 30.05 MMT/year in 2016
• Capacity expansions in downstream PET markets in Asia, Eastern Europe, Middle East, and North America, post 2016, are expected to contribute to the growth in MEG demand

Global Capacity–Demand Analysis

• Global demand is expected to increase at a CAGR of 3.8 percent, in line with demand growth in Asia
• The Middle East would continue to be a major source of MEG and would contribute to a significant portion of the export market

Ethylene Glycol Market Outlook

• The global MEG market is observed to be slightly under supplied
• The scenario would improve with the growing expansions in North America and the Middle East
• Major exporters, North America and the Middle East, are expected to add 2.85 and 2.1 MMT to their current capacity, respectively
• Asian coal-based MEG capacity expansions are expected to slowdown during the forecast period
• Global average operating rates are expected to remain in the range of 84–87 percent during the forecast period

Global Demand by Application

This section of the report contains information about the end-use applications of MEG and the global demand based on the application. It also presents the downstream applications and the demand outlook for each of these with supporting factors as well as the largest driver for the demand.  

Global Market Outlook

The global market outlook study also analyses the global market by geographic region and its unique features of supply-demand.

Global Trade Dynamics

The current scenario and the expected ethylene glycol market trends on the global scale are illustrated. The report also explains important facts and figures about the global import market share country-wise. For import-dependent countries, the ethylene glycol market share of the countries that they import from is presented.

Regional Market Analysis

Each region and country has different nuances in the MEG market. The regional market analysis presents the key facts and figures for each region. This includes market information about the capacity and growth rate as well as about the maturity of the market. 

Supply–Demand Trends and Outlook

The current situation, supply-demand ethylene glycol market trends, key players in the chemicals market, and the main factors that cause and affect them are listed for each country. If there any planned additions to capacity, they are listed.

Import Share by Country 

The latest facts and figures with regard to the imports by each country are illustrated. 

Export Share by Country

If the country exports MEG, the countries to which exports are made and the share of each country are also illustrated. 

Industry Driver And Constraints

The MEG ( or ethane-1,2-diol: organic compound name) market is dependant on certain factors that either drive or constraint its growth. The downstream industries such as polyester fiber, PET, antifreeze agent and the demand for glycol solvents drive the demand. The factors that constrain the market are also listed. 

 Market Overview

Ethylene oxide is the major cost component in the production of MEG, which will be anchored on ethylene and naphtha prices. 

Ethylene glycol prices across regions will be centered on the difference between MEG prices and naphtha prices.

The ethylene glycol price 2019 for the US: Prices in August 2019 continued to witness a rollover on M-o-M basis, due to the long supply and the lower demand from the PET segment.

The ethylene glycol market price in September 2019 was expected to remain firm, witnessing slight upward variations of 0–2 percent, due to the improving demand from the antifreeze segment, coupled with the oversupplied ethylene glycols market.  

Why You Should Buy This Report

• The report gives an analysis of the global and regional ethylene glycol market price, cost structure breakdown, ethylene glycol price history and analysis, demand analysis, trade dynamics, import-export, etc.

• It lists out the major industry drivers and constraints and provides the Porter’s five force analysis for Europe, North America, and Asia regions.
• The report provides information about the ethylene glycol suppliers, capacity share, key profiles and SWOT analysis of major players like SINOPEC, SABIC, MEGlobal, etc.