Monoethylene Glycol (MEG) Market Share, Trends, Future Scope and Regional Outlook till 2029

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Monoethylene Glycol (MEG) Market by Application (Fiber, PET, Film, Antifreeze & Coolant, Others), by End-Use Industry (Textile, Packaging, Plastic, Automotive and Transportation, Others) and Region, Global trends and forecast from 2022 to 2029

The monoethylene glycol (MEG) market is expected to grow at 4.60% CAGR from 2022 to 2029. It is expected to reach above USD 41.43 billion by 2029 from USD 27.64 billion in 2020.

Segment Analysis
Monoethylene glycol (MEG) market is segmented based on application, end-use industry, and region.

Based on application, a significant portion of the market was made up of fiber. Due to MEG’s employment in the creation of PET and polyester fibres, fiber is where MEG is most used. Almost half of all fibres consumed worldwide are made of polyester. The textile and apparel industry, clothing production, home furnishings, carpets and rugs, fiberfill, and non-woven fabrics all make extensive use of it. The market for polyester staple fiber is expanding as a result of the expanding automotive and building & construction sectors. The textile industry’s huge potential for using polyester is driving the MEG market’s expansion.

To Know more: https://exactitudeconsultancy.com/reports/18717/monoethylene-glycol-meg-market/

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