Overview

Mono-Ethylene Glycol Market is expected to reach at a CAGR of 6.9% during the forecast period 2024-2031.

Mono-ethylene glycol is produced by first converting ethylene into ethylene oxide, which then reacts with water at high temperatures in the presence of acids or bases to form ethylene glycol. Most processes typically yield mono-ethylene glycol with 90% purity, along with byproducts such as diethylene glycol, triethylene glycol, tetramethylene glycol, and other oligomers.

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Market Growth Trends

Increasing demand for antifreeze liquid due to experienced growth in the automotive industry

Antifreeze refers to chemicals that lower the freezing point of water-based liquids, preventing them from freezing in cold weather conditions. In regions like the U.S. and Europe, where temperatures frequently drop below 0°C, antifreeze liquids are essential to ensure the safety and proper functioning of internal combustion engines.

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Market is Segmented

By Production Process:  Gas-based, Naphtha-based, Coal-based, Methane-to-Olefins, Bio-based

By Application:  Polyester Fiber, PET Bottle, PET Film, Antifreeze, Industrial

By End-User Industry:  Textile, Packaging, Plastic, Automotive, Healthcare, Oil & Gas, Others

by Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players

·         Exxon Mobil Corporation

·         BASF SE

·         MEGlobal

·         LyondellBasell Industries Holdings B.V.

·         Dow

·         SABIC

·         NAN YA Plastics Corporation

·         Shell

·         Reliance Industries Limited

·         LOTTE Chemical Corporation

·         Indorama Ventures Public Company Limited

·         Eastman Chemical Company

·         Sasol

Related Reports

Propylene Glycols Market

Ethylene-Vinyl Alcohol Copolymer (EVOH) Films Market

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