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市場調查報告書

商品編碼

1620203

全球單乙二醇市場：按技術、按應用、按最終用戶、按地區、範圍和預測

Global Monoethylene Glycol Market By Technology, By Application (Polyester Fiber, Polyethylene Terephthalate, Antifreeze, Chemical Intermediate), By End User, By Geographic Scope and Forecast

出版日期: 2024年07月30日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

單乙二醇全球市場規模及預測

2024年單乙二醇的全球市場規模為279.7億美元，預計到2031年將達到379.9億美元，2024年至2031年的複合年增長率為3.90%。單乙二醇 (MEG) 是一種無色、無味、吸濕性液體，通常用作生產聚酯纖維、樹脂和防凍劑組合物的原料。它也是生產聚對苯二甲酸乙二醇酯 (PET) 的重要成分，PET 用於塑膠瓶、包裝和紡織產品。 MEG 廣泛應用於多種行業，包括紡織、汽車冷卻劑、除冰液和工業溶劑。也是生產聚酯薄膜和防凍劑的重要元素。

由於聚酯和汽車產業的需求增加，以及隨著產業尋求永續選擇，生物基 MEG 的使用增加，MEG 的未來前景預計將擴大。此外，包裝和紡織業的不斷擴大的應用預計將有助於未來幾年的市場擴張。

世界單乙二醇市場動態

塑造全球單乙二醇市場的主要市場動態

主要市場驅動因子

聚酯纖維生產的需求不斷增加：

紡織業中聚酯纖維的使用不斷增加是 MEG 市場的關鍵推動因素。根據國際貿易中心（ITC）預測，2022年全球聚酯纖維產量將達5,770萬噸，較上年增加3.5%。纖耳諮詢集團預測，由於發展中國家紡織業的成長，2023年至2028年聚酯纖維的需求將以3.8%的複合年增長率成長。

PET 瓶生產消耗量增加：

飲料業中 PET 瓶的使用不斷增加，推動了 MEG 需求。根據歐睿國際預測，2022年全球PET瓶消費量預計將達到5,830億隻，2023年至2027年複合年增長率為3.2%。艾倫麥克阿瑟基金會的新塑膠經濟倡議報告稱，到 2023 年，PET 將佔全球塑膠瓶產量的 55%，凸顯了 MEG 在該行業的重要性。

汽車防凍液市場的擴大

MEG是汽車防凍劑和冷卻液的重要成分，由於汽車工業的擴張，其需求量很大。根據國際汽車製造商協會（OICA）預測，2022年全球汽車產量將達8,540萬輛，較2021年成長5.7%。根據Verified的市場研究報告，預計2023年至2031年防凍劑市場將以5.70%的複合年增長率成長，其中基於MEG的產品佔市場佔有率超過60%。

增加工業應用中的使用：

MEG 在天然氣脫水和傳熱流體等各種工業製程的使用正在推動市場擴張。根據美國能源資訊署（EIA）預測，2022年美國天然氣產量將比2021年增加3.5%，達到9,340億立方米，創下新紀錄。天然氣供應的增加可能會增加天然氣脫水作業對乙二醇的需求。此外，Verified Market Research預計，2024年至2031年間，普遍採用MEG的全球傳熱流體市場將以3.12%的複合年增長率增長，到2031年將達到5.9551億美元。。

主要問題

原物料價格波動：

MEG是由石化產品乙烯製成的，因此其生產高度依賴原油價格。原油價格波動直接影響MEG生產成本與市場穩定。

環境問題：

碳排放和污染是 MEG 生產中的問題，特別是在傳統石化製程。對環保替代品日益增長的監管要求正在推動更綠色的工業實踐。

主要市場產能過剩：

全球市場，尤其是亞太國家，MEG 供過於求，導致生產者利潤率下降。這種產能過剩可能會導致價格壓力和市場不穩定。

與生物基替代品的競爭：

隨著永續發展成為優先事項，由可再生原料製成的生物基 MEG 越來越受歡迎。這一趨勢對傳統 MEG 製造商構成威脅，他們可能面臨環保替代方案的競爭。

主要趨勢：

轉向生物基 MEG：

對環境問題和監管壓力的日益關注，增加了對由甘蔗和生物質等可再生資源製成的生物基 MEG 的需求。公司正在投資永續生產技術，以減少碳足跡並滿足消費者對綠色產品日益增長的需求。

紡織和包裝產業的需求不斷增加：

紡織和包裝產業繼續推動對 MEG 的需求，特別是在亞太地區等新興國家。隨著電子商務和快時尚的普及，MEG 在生產聚酯纖維和包裝材料 PET（聚對苯二甲酸乙二醇酯）中的使用正在擴大。

製造技術進步：

MEG 生產中的技術創新（例如催化和生物催化方法）正在提高效率，同時減少對環境的影響。這些改進正在幫助製造商簡化生產、降低成本並遵守更嚴格的環境法規。

聚酯應用的擴展：

聚酯在汽車、建築和消費品等各行業的使用不斷增加，推動了對 MEG 的需求。隨著聚酯在工業和日常應用中變得越來越普遍，MEG 作為原材料的重要性在全球範圍內日益增長。

Global Monoethylene Glycol Market size was valued at USD 27.97 Billion in 2024 and is projected to reach USD 37.99 Billion by 2031 , growing at a CAGR of 3.90% from 2024 to 2031. Monoethylene glycol (MEG) is a colorless, odorless, hygroscopic liquid that is largely utilized as a raw material in the manufacture of polyester fibers, resins, and antifreeze compositions. It is an essential ingredient in the production of polyethylene terephthalate (PET), which is used to make plastic bottles, packaging materials, and textiles. MEG is widely used in various industries, including textiles, automotive coolants, de-icing fluids, and industrial solvents. It is also an important element in the manufacture of polyester films and antifreeze agents.

MEG's future scope is predicted to expand due to rising demand from the polyester and automotive sectors, as well as increased use in bio-based MEG as industries seek sustainable options. Furthermore, expanding applications in the packaging and textile industries is projected to contribute to market expansion in the next years.

Global Monoethylene Glycol Market Dynamics

The key market dynamics that are shaping the global monoethylene glycol market include:

Key Market Drivers:

Growing Demand in Polyester Fiber Production:

The rising use of polyester fibers in the textile industry is a significant driver of the MEG market. According to the International Trade Centre (ITC), global polyester fiber production will reach 57.7 million tons in 2022, up 3.5% from the previous year. The Fiber Year Consulting Group predicts that polyester fiber demand would increase at a 3.8% CAGR from 2023 to 2028, owing to the rising textile industry in developing countries.

Rising Consumption in PET Bottle Manufacturing:

The increasing use of PET bottles in the beverage industry is driving MEG demand. According to Euromonitor International, global PET bottle consumption will reach 583 billion units in 2022, with a predicted 3.2% CAGR from 2023 to 2027. The Ellen MacArthur Foundation's New Plastics Economy initiative reported in 2023 that PET accounts for 55% of worldwide plastic bottle production, emphasizing the importance of MEG in this industry.

Expanding Automotive Antifreeze Market:

MEG, a crucial component in automotive antifreeze and coolants, is in high demand due to the expanding automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production will reach 85.4 million units in 2022, up 5.7% from 2021. According to Verified market research reports on the antifreeze market is expected to grow at a CAGR of 5.70% between 2023 and 2031, with MEG-based products accounting for more than 60% of the market.

Increasing Use in Industrial Applications:

MEG's use in a variety of industrial processes, including natural gas dehydration and heat transfer fluids, is driving market expansion. According to the Energy Information Administration (EIA), natural gas output in the United States will hit a new high of 934 billion cubic meters in 2022, up 3.5% from 2021. This increase in natural gas supply is likely to boost MEG demand for gas dehydration operations. Furthermore, Verified market research projects that the worldwide heat transfer fluids market, in which MEG is commonly employed, will reach $595.51 Million by 2031, rising at a 3.12% CAGR between 2024 and 2031.

Key Challenges:

Volatility in Raw Material Prices:

MEG is manufactured from ethylene, a petrochemical product, hence its production is heavily reliant on crude oil prices. Fluctuations in oil prices have a direct impact on MEG production costs and market stability.

Environmental Issues:

The manufacture of MEG, particularly by conventional petrochemical processes, raises issues about carbon emissions and pollution. Regulatory demands for eco-friendly alternatives are increasing, driving greener industrial practices.

Overcapacity in Key Markets:

The global market, particularly in countries such as Asia Pacific, has seen an excess of MEG, resulting in lower profit margins for producers. This excess capacity can lead to pricing pressure and market instability.

Competition from Bio-Based Alternatives:

As sustainability becomes a priority, bio-based MEG made from renewable materials is gaining popularity. This tendency poses a threat to traditional MEG makers, who may face competition from ecologically friendly alternatives.

Key Trends:

Shift to Bio-based MEG:

Growing environmental concerns and regulatory pressures are increasing demand for bio-based MEG, which is made from renewable resources such as sugarcane or biomass. Companies are investing in sustainable production technology to lower their carbon footprint and meet consumers' growing demand for greener products.

Growing Demand from Textile and Packaging Industries:

Demand for MEG continues to be driven by the textile and packaging industries, particularly in emerging countries such as Asia Pacific. Its application in the manufacturing of polyester fibers and PET (polyethylene terephthalate) for packaging materials is growing as e-commerce and rapid fashion become more popular.

Technological Advancements in Production:

Innovations in MEG manufacturing, including as catalytic and bio-catalytic methods, are increasing efficiency while decreasing environmental effect. These improvements help manufacturers streamline production and reduce costs and adhere to tighter environmental regulations.

Expansion of Polyester Applications:

The expanding use of polyester in a variety of industries, including automotive, construction, and consumer goods, is driving up MEG demand. As polyester grows more common in industrial and daily uses, MEG's importance as a raw material expands globally.

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Global Monoethylene Glycol Market Regional Analysis

Here is a more detailed regional analysis of the global monoethylene glycol market:

Asia-Pacific:

Asia Pacific dominates the Monoethylene Glycol (MEG) market due to its large industrial base and rising demand in key areas. The region's strong position is reinforced by the high utilization of MEG in polyester fiber and PET manufacture. For example, in August 2024, Indorama Ventures announced an expansion of its polyester fiber manufacturing in India to meet rising demand from the region's thriving textile and packaging industries. This expansion demonstrates Asia Pacific's critical position in worldwide MEG use, as the area continues to be a major hub for textile and packaging manufacture.

Furthermore, in July 2024, Mitsubishi Chemical announced an investment in bio-based MEG production technology in Japan, showing the region's dedication to sustainable practices and technical innovation. These activities underline Asia Pacific's critical relevance in the global MEG industry, which is fueled by industrial growth and favorable government regulations.

North America:

North America is seeing the fastest growth in the Monoethylene Glycol (MEG) market, owing to rising demand across many sectors and improvements in sustainable technology. The region's growth is fueled by a significant emphasis on the automotive and packaging industries, where MEG plays an important role in the production of polyethylene terephthalate (PET) and antifreeze. In July 2024, DOW Chemical announced the opening of a new MEG production facility in the United States to fulfill increased demand from the North American automotive and packaging sectors. This development demonstrates the region's commitment to improving MEG production capacity to meet increasing industrial demand.

For instance, in June 2024, the US Department of Energy announced a new grant program to assist research and development in sustainable chemical processes, such as MEG manufacturing. This program seeks to enhance green technology and increase the efficiency of chemical manufacture, in line with the larger goals of decreasing environmental impact and supporting sustainable business practices. These efforts highlight North America's expanding importance in the MEG industry, which is fueled by both industrial demand and supporting government legislation.

Global Monoethylene Glycol Market: Segmentation Analysis

The Global Monoethylene Glycol Market is segmented on the basis of By Technology, By Application, By End-User and By Geography.

Global Monoethylene Glycol Market, By Technology

Gas-Based
Naphtha-Based
Coal- Based
Bio-Based

Based on Technology, the Global Monoethylene Glycol Market is segmented into Gas-Based, Naphtha-Based, Coal- Based, and Bio-Based. The naphtha-based sector is dominant because it relies on standard petrochemical processes sourced from crude oil, making it the most widely utilized technology for MEG synthesis. The fastest-growing segment is bio-based, which is being driven by rising environmental concerns and demand for sustainable manufacturing methods. The trend toward greener options is driving firms to use bio-based technology to cut carbon emissions and comply with environmental requirements.

Global Monoethylene Glycol Market, By Application

Polyester Fiber
Polyethylene Terephthalate (PET)
Antifreeze
Chemical Intermediate

Based on Application, the Global Monoethylene Glycol Market is segmented into Polyester Fiber, Polyethylene Terephthalate (PET), Antifreeze, and Chemical Intermediate. The polyester fiber sector is prominent because MEG is a key raw material in the production of polyester, which is widely utilized in the textile and garment industries, notably in fast fashion. The fastest-growing segment is polyethylene terephthalate (PET), which is being driven by expanding demand for PET in packaging, particularly for plastic bottles and food containers, as well as increased use in the global beverage and packaging industries.

Global Monoethylene Glycol Market, By End-User

Packaging
Automotive
Textiles
Chemicals

Based on End-User, the Global Monoethylene Glycol Market is segmented into Packaging, Automotive, Textiles, and Chemicals. The textiles section is dominant because MEG is extensively employed in the production of polyester fibers, which are widely used in the textile industry for clothes, home furnishings, and industrial materials. The Packaging section is the fastest-growing, driven by rising demand for polyethylene terephthalate (PET) in the production of plastic bottles, containers, and packaging materials, owing to the expansion of the e-commerce and consumer goods industries.

Global Monoethylene Glycol Market, By Geography

North America
Europe
Asia Pacific
Rest of the World
On the basis of Geography, the Global Monoethylene Glycol Market are classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific is the leading region due to its large textile and packaging sectors, particularly in China and India, where MEG is essential for polyester fiber and PET manufacture. North America is the second fastest-growing area, driven by rising demand in the automotive and packaging industries, as well as increased investment in bio-based MEG production to satisfy sustainability targets.

Key Players

The "Global Monoethylene Glycol Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
BASF SE, Dow Chemical Company, LyondellBasell Industries NV, SABIC, Formosa Plastics Corporation, ExxonMobil Corporation, Chevron Corporation, Shell plc, TotalEnergies SE, BP plc, Sinopec Corp., China National Petroleum Corporation, Petrobras, Reliance Industries Limited, Toray Industries, Inc., Mitsubishi Chemical Corporation, PTT Global Chemical PCL, Braskem S.A. and Iranol Petrochemical Company.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Monoethylene Glycol Market: Recent Developments
In July 2024, Mitsubishi Chemical invested in a new bio-based MEG production technology in Japan. This initiative is part of the company's overall aim to improve sustainability and reduce carbon emissions from traditional MEG production processes.
August 2024, Lotte Chemical opened a new MEG production facility in South Korea. The facility is expected to improve the company's manufacturing capacities and supply chain efficiency, helping to meet increased demand for MEG in a variety of Asian applications.
In July 2024, SABIC established a strategic agreement with a major renewable energy firm to create a more sustainable MEG production process. This program seeks to use renewable energy sources to lessen the environmental impact of MEG manufacture.

1. INTRODUCTION OF GLOBAL MONOETHYLENE GLYCOL MARKET

1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources

4. GLOBAL MONOETHYLENE GLYCOL MARKET OUTLOOK

4.1. Overview
4.2. Market Dynamics
- 4.2.1. Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis

5. GLOBAL MONOETHYLENE GLYCOL MARKET, BY APPLICATION

5.1. Overview
5.2. Polyester Fiber
5.3. Polyethylene Terephthalate (PET)
5.4. Antifreeze
5.5. Chemical Intermediate
5.6. Others

6. GLOBAL MONOETHYLENE GLYCOL MARKET, BY END-USER

6.1. Overview
6.2. Packaging
6.3. Automotive
6.4. Textiles
6.5. Chemicals
6.6. Others

7. GLOBAL MONOETHYLENE GLYCOL MARKET, BY TECHNOLOGY

7.1. Overview
7.2.Gas-based
7.3. Naphtha-based
7.4. Coal-based
7.5. Bio-based

8. GLOBAL MONOETHYLENE GLYCOL MARKET, BY GEOGRAPHY

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
- 8.2.3. Mexico
8.3. Europe
- 8.3.1. Germany
- 8.3.2. U.K.
- 8.3.3. France
- 8.3.4. Rest of Europe
8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Rest of Asia Pacific
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Argentina
8.6. Rest of the World
- 8.6.1 Latin America
- 8.6.2 Middle East and Africa

9. GLOBAL MONOETHYLENE GLYCOL MARKET COMPETITIVE LANDSCAPE

9.1. Overview
9.2. Company Market Ranking
9.3. Key Development Strategies

10. COMPANY PROFILES

10.1. LyondellBasell
- 10.1.1 Overview
- 10.1.2 Financial Performance
- 10.1.3 Product Outlook
- 10.1.4 Key Developments
10.2. The Dow Chemical Company
- 10.2.1. Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Outlook
- 10.2.4. Key Developments
10.3. MEGlobal
- 10.3.1. Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Outlook
- 10.3.4. Key Developments
10.4. SABIC
- 10.4.1. Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Outlook
- 10.4.4. Key Developments
10.5. ExxonMobil Corporation
- 10.5.1. Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Outlook
- 10.5.4. Key Developments
10.6. Finex Oy
- 10.6.1. Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Outlook
- 10.6.4. Key Developments
10.7. Formosa Plastic Group
- 10.7.1. Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Outlook
- 10.7.4. Key Developments
10.8. AkzoNobel
- 10.8.1. Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Outlook
- 10.8.4. Key Developments
10.9. Honam Petrochemical Corporation
- 10.9.1. Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Outlook
- 10.9.4. Key Developments
10.10. Reliance Industries Limited
- 10.10.1. Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Outlook
- 10.10.4. Key Developments