The Asia Pacific Monoethylene Glycol Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 13,299.4 Kilo Tonnes, showcasing a growth of 3.3% (2019-2022).
MEG is a crucial raw material in producing polyester fibers and resins used in various applications, including textiles, bottles, and packaging materials. The expansion of these industries drives the demand for MEG. MEG is finding new applications beyond its traditional uses. For example, it is being explored as a coolant in data centers, a pharmaceutical industry solvent, and a cosmetics component. These emerging applications contribute to market growth diversification. There is increasing interest in sustainable and environmentally friendly products. Bio-based MEG, produced from renewable feedstocks, is gaining attention as a more sustainable alternative to fossil-based MEG. This aligns with sustainability goals and reduces the carbon footprint. The packaging industry continues to expand, driven by e-commerce, convenience, and changing consumer preferences. PET bottles, which use MEG, are widely used in packaging beverages and personal care products.
The emphasis on recycling and sustainability leads to greater interest in closed-loop recycling systems for PET-based products. These systems aim to recover and reuse MEG from discarded PET bottles, reducing the need for virgin MEG. Sustainability-focused initiatives promote recycling and contribute to market growth.
China is a significant consumer of MEG, used in various industries, including textiles, packaging, automotive, and more. The country's industrial expansion has driven the demand for MEG, prompting the exploration of various production methods. Despite being a significant MEG producer, China has the highest demand for MEG and imports it. Recently, it has invested in coal-based production facilities. The country is anticipated to experience growth due to the coal-based method, one of the technologies utilized in MEG production.
According to U.S. Energy Information Administration, China's real GDP increased by 8.1% in 2021, a substantial improvement from the 2.2% growth in 2020 at the height of the COVID-19 lockdowns around the world. China was the fifth-largest producer of petroleum and other hydrocarbons in the world in 2021, and most of its production was derived from legacy fields. In 2021, natural gas accounted for 9 percent of total energy consumption. From 11.9 Tcf in 2020 to 13.4 Tcf in 2021, China's natural gas consumption increased by 13%. MEG is also used to dehydrate natural gas by absorbing water vapor from the gas stream. This process is essential for ensuring the quality and transportation of natural gas. Hence, all these elements will aid in the expansion of the regional market.
The China market dominated the Asia Pacific Monoethylene Glycol Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,479.8 million by 2029. The India market is registering a CAGR of 2.9% during (2023 - 2030). Additionally, The Japan market would showcase a CAGR of 4.2% during (2023 - 2030).
Based on End-Use, the market is segmented into Textile, Packaging, Automotive, Plastics, and Others. Based on Application, the market is segmented into Polyethylene Terephthalate (PET), Antifreeze, Polyester Fibers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Monoethylene Glycol Market is Predict to reach $27.5 Billion by 2030, at a CAGR of 3.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Shell plc, LyondellBasell N.V., India Glycols Limited, SABIC, UPM Biochemicals, Kimia Pars Shayankar Co., Arham Petrochem Private Limited, Indian Oil Corporation Ltd., Pon Pure Chemicals Group, and ACURO ORGANICS LIMITED.
Scope of the Study
Market Segments Covered in the Report:
By End-Use (Volume, Kio Tonnes, USD Million, 2019-2030)
- Textile
- Packaging
- Automotive
- Plastics
- Others
By Application (Volume, Kio Tonnes, USD Million, 2019-2030)
- Polyethylene Terephthalate (PET)
- Antifreeze
- Polyester Fibers
- Others
By Country(Volume, Kio Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Shell plc
- LyondellBasell N.V.
- India Glycols Limited
- SABIC
- UPM Biochemicals
- Kimia Pars Shayankar Co.
- Arham Petrochem Private Limited
- Indian Oil Corporation Ltd.
- Pon Pure Chemicals Group
- ACURO ORGANICS LIMITED
TABLE 1 Asia Pacific Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Textile Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Textile Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Packaging Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Packaging Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Plastics Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Plastics Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Antifreeze Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Antifreeze Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Antifreeze Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Antifreeze Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Polyester Fibers Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Polyester Fibers Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Polyester Fibers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Polyester Fibers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Monoethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Monoethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Monoethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Monoethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 China Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 China Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 China Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 China Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 China Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 58 China Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 59 China Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 60 China Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 61 China Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 62 China Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 63 China Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 China Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 India Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 66 India Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 67 India Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 68 India Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 69 India Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 70 India Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 71 India Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 72 India Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 73 India Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 74 India Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 75 India Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 India Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78 Japan Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79 Japan Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 82 Japan Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 83 Japan Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 86 Japan Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 87 Japan Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 South Korea Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 90 South Korea Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 91 South Korea Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 92 South Korea Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 93 South Korea Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 94 South Korea Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 95 South Korea Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 96 South Korea Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 97 South Korea Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 98 South Korea Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 99 South Korea Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 South Korea Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Singapore Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 102 Singapore Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 103 Singapore Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Singapore Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Singapore Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 106 Singapore Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 107 Singapore Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 108 Singapore Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 109 Singapore Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 110 Singapore Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 111 Singapore Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Singapore Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Malaysia Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 114 Malaysia Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 115 Malaysia Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Malaysia Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Malaysia Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 118 Malaysia Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 119 Malaysia Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 120 Malaysia Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 121 Malaysia Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 122 Malaysia Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 123 Malaysia Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Malaysia Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of Asia Pacific Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 126 Rest of Asia Pacific Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 127 Rest of Asia Pacific Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of Asia Pacific Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Asia Pacific Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 130 Rest of Asia Pacific Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 131 Rest of Asia Pacific Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Asia Pacific Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 134 Rest of Asia Pacific Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 135 Rest of Asia Pacific Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Key Information – LyondellBasell Industries Holdings B.V.
TABLE 138 Key Information – India Glycols Limited
TABLE 139 Key Information – SABIC
TABLE 140 Key Information – Shell plc
TABLE 141 Key Information – Kimia Pars Shayankar Co.
TABLE 142 Key Information – Indian Oil Corporation Ltd.
TABLE 143 Key Information – upm biochemicals
TABLE 144 Key Information – Arham Petrochem private limited
TABLE 145 Key Information – Pon Pure Chemicals Group
TABLE 146 Key Information – Acuro Organics Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Monoethylene Glycol Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Monoethylene Glycol Market
FIG 4 Porter’s Five Forces Analysis – Monoethylene Glycol Market
FIG 5 Asia Pacific Monoethylene Glycol Market Share by End-Use, 2022
FIG 6 Asia Pacific Monoethylene Glycol Market Share by End-Use, 2030
FIG 7 Asia Pacific Monoethylene Glycol Market by End-Use, 2019 - 2030, USD Million
FIG 8 Asia Pacific Monoethylene Glycol Market Share by Application, 2022
FIG 9 Asia Pacific Monoethylene Glycol Market Share by Application, 2030
FIG 10 Asia Pacific Monoethylene Glycol Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Monoethylene Glycol Market Share by Country, 2022
FIG 12 Asia Pacific Monoethylene Glycol Market Share by Country, 2030
FIG 13 Asia Pacific Monoethylene Glycol Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: LyondellBasell Industries Holdings B.V.
FIG 15 Swot Analysis: India Glycols Limited
FIG 16 SWOT Analysis: SABIC
FIG 17 SWOT Analysis: Shell Plc
FIG 18 SWOT Analysis: Kimia Pars Shayankar Co.
FIG 19 SWOT Analysis: Indian Oil Corporation Ltd.
FIG 20 SWOT Analysis: UPM Biochemical
FIG 21 SWOT Analysis: Arham Petrochem Private Limited
FIG 22 SWOT Analysis: Pon Pure Chemicals Group
FIG 23 SWOT Analysis: Acuro Organics Limited