The Europe Monoethylene Glycol Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,874.6 Kilo Tonnes, showcasing a growth of 2.0% (2019-2022).
MEG can be used in pharmaceutical formulations and cosmetics as a solvent, humectant, or preservative. Its adoption in these industries depend on regulatory requirements and consumer preferences for safe and effective products. The development and adoption of bio-based MEG, produced from renewable feedstocks, play a role in the future of market. This aligns with sustainability goals and reducing dependence on fossil resources. MEG is widely used in the textile industry for manufacturing polyester fibers and fabrics. Its adoption in this sector is driven by its ability to impart desirable characteristics such as strength, durability, and wrinkle resistance to textiles. Fashion trends, consumer preferences, and the demand for sustainable and eco-friendly textiles influence adoption trends in the textile industry. MEG continue to be a key component in the production of synthetic textiles.
MEG is critical in producing PET resins for plastic bottles and packaging materials. The adoption of MEG in this sector is directly tied to the demand for PET-based products. The adoption of MEG in PET resin aligns with the increasing demand for sustainable and recyclable packaging materials. Companies and consumers are increasingly focused on reducing plastic waste and promoting recycling.
The UK has a well-established automotive manufacturing sector, producing a range of vehicles, including commercial vehicles, passenger cars, and electric vehicles (EVs). Many of these vehicles require MEG-based antifreeze and coolant products. The UK automotive industry is export-oriented, with a substantial portion of the vehicles produced in the country being shipped to global markets. Exported vehicles often come equipped with MEG-based antifreeze and coolant. The automotive industry in the UK plays a vital role in driving the demand for MEG-based antifreeze and coolant products. The growth of the automotive industry, coupled with environmental and sustainability considerations, ensures that MEG remains a crucial component in the automotive fluids sector in the UK.
According to the Central Intelligence Agency, the growth rate of industrial production in France is 6.98%, including machinery, chemicals, automobiles, electronics, and textiles. MEG's adoption in chemical and industrial applications in France is driven by its versatility and wide range of applications. It is a critical component in producing various materials and fluids, making it integral to many industrial processes. France's commitment to sustainability and innovation further supports MEG's continued use and development in chemical and industrial applications within the region. Therefore, the region presents lucrative growth prospects for the market.
The Germany market dominated the Europe Monoethylene Glycol Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,343.1 million by 2029. The UK market is experiencing a CAGR of 2.3% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 3.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Monoethylene Glycol Market will Hit $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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 Europe Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 Europe Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Europe Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Europe Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 6 Europe Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 7 Europe Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 8 Europe Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 9 Europe Textile Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Textile Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Europe Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Europe Packaging Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Packaging Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Europe Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Europe Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Europe Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Europe Plastics Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Plastics Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Europe Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Europe Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 30 Europe Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 31 Europe Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 32 Europe Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 33 Europe Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Europe Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Europe Antifreeze Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Antifreeze Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Antifreeze Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Europe Antifreeze Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Europe Polyester Fibers Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Polyester Fibers Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Polyester Fibers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Europe Polyester Fibers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Europe Monoethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Monoethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 51 Europe Monoethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Europe Monoethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Germany Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 Germany Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 Germany Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Germany Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Germany Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 58 Germany Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 59 Germany Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 60 Germany Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 61 Germany Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 62 Germany Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 63 Germany Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Germany Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 UK Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 66 UK Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 67 UK Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 68 UK Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 69 UK Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 70 UK Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 71 UK Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 72 UK Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 73 UK Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 74 UK Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 75 UK Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 UK Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 France Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78 France Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79 France Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80 France Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81 France Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 82 France Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 83 France Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 84 France Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 85 France Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 86 France Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 87 France Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 France Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Russia Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 90 Russia Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 91 Russia Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Russia Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Russia Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 94 Russia Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 95 Russia Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 96 Russia Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 97 Russia Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 98 Russia Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 99 Russia Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Russia Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Spain Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 102 Spain Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 103 Spain Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Spain Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Spain Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 106 Spain Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 107 Spain Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 108 Spain Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 109 Spain Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 110 Spain Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 111 Spain Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Spain Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Italy Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 114 Italy Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 115 Italy Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Italy Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Italy Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 118 Italy Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 119 Italy Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 120 Italy Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 121 Italy Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 122 Italy Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 123 Italy Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Italy Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of Europe Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 126 Rest of Europe Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 127 Rest of Europe Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of Europe Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Europe Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 130 Rest of Europe Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 131 Rest of Europe Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Europe Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Europe Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 134 Rest of Europe Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 135 Rest of Europe Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Europe 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 Europe 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 Europe Monoethylene Glycol Market Share by End-Use, 2022
FIG 6 Europe Monoethylene Glycol Market Share by End-Use, 2030
FIG 7 Europe Monoethylene Glycol Market by End-Use, 2019 - 2030, USD Million
FIG 8 Europe Monoethylene Glycol Market Share by Application, 2022
FIG 9 Europe Monoethylene Glycol Market Share by Application, 2030
FIG 10 Europe Monoethylene Glycol Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Monoethylene Glycol Market Share by Country, 2022
FIG 12 Europe Monoethylene Glycol Market Share by Country, 2030
FIG 13 Europe 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