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Ethylene Glycol MEG
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Market Trends
  • Technology & Innovation Trends
  • Global Supplier List and Capabilities
  • Mergers and Acquisitions

Production Size

CAGR

4.7 Percent

Production Size North America

3.73 MMT

Production Size Europe

1.85 MMT

Table of contents

  1. Executive Summary
  2. Executive Summary
  1. Cell Therapies Overview
  2. Supplier Market Overview
  3. Technology Overview
  1. Cell Therapy - Market Analysis
  2. Market Trends
  3. Supplier Preferencing
  4. Day one analysis
  5. Porters force analysis
  1. Cell Therapy CDMOs Supplier Analysis
  2. Supplier Profiling

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Global Market Outlook on Ethylene Glycol MEG

  • Global demand is expected to grow at 3.9 percent CAGR through 2016–2022
  • PET applications in packaging, polyester application in textiles, MEG applications as anti-freeze and coolant in automobiles are likely to remain the key growth drivers
  • Capacity expansions in North America and the Middle East are expected to cater to the growing demand
  • Asia and Europe would continue to be import-dependent during the forecast period
  • The ethylene glycol price 2019 outlook (Q3 2019 vs. Q2 2019): North America: 7 percent decrease, European Union:19 percent decrease, and Asia: 14 percent decrease.
  • The major supply share of the ethylene glycols market: North America: 11 percent, European Union: 5 percent, Asia: 48 percent, and Others: 36 percent.
  • The ethylene glycol suppliers’ power: North America: High, European Union: Medium, and Asia: Low.
  • Buyer power: North America: Medium, European Union: Medium, and Asia: High.
  • The challenges/opportunities: Opportunities: Low-cost feedstock, driving market expansions in North America and Asia and Challenges: Strict regulatory environment in Europe, oversupplied market in North America.

market-trend-ethylene-glycol-meg

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.

Ethylene Glycol MEG Market Frequently Asked Questions

  1. What are the key growth drivers of the ethylene glycol market?
  2. The key growth drivers of the ethylene glycol market are PET applications in packaging, polyester applications in textiles, MEG applications as antifreeze and coolants in automobiles.

 

  1. What is the expected growth rate for the global demand of ethylene glycol market?
  2. The global demand of ethylene glycol has been growing at 3.9 percent CAGR from 2016 and is expected to continue growing at the same rate until 2022.

 

  1. What is the global market size of mono-ethylene glycol (MEG)?
  2. According to forecasts, the global MEG market will reach $35.1 million by 2022. There will be a deficit of supply for the markets of Asia and Europe, and they will have to depend on imports from North America and the Middle East.

 

  1. What are the key market trends for MEG?
  2. Although the global MEG market seems to be slightly undersupplied, the situation will witness major improvement as the markets in North America and the Middle East will continue their growth expansions. As the major consumers of MEG, China and India seem to be the market growth drivers in Asia.

 

  1. Who are the top suppliers in the global ethylene glycol market?
  2. Some of the top market suppliers for ethylene glycol are SABIC, Sinopec, Equate Petrochemical, Nan Ya Plastics and Lotte Chemical.

 

  1. How are the major supply markets and shares for ethylene glycol?
  2. Asia holds a significant share of the supply market at 50 percent. North America and the European Union hold 12 percent and 6 percent of the supply market share respectively. The remaining 32 percent is contributed by other players in the market

 

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