Monoethylene Glycol (MEG) Market Growth Drivers, Strategies, Trends, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Monoethylene Glycol (MEG) Market covers analysis By Application (Polyester Fiber, Polyethylene Terephthalate (PET), Antifreeze, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00023161
  • Category : Chemicals and Materials
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Monoethylene Glycol (MEG) Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Application (Polyester Fiber, Polyethylene Terephthalate (PET), Antifreeze, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Monoethylene Glycol (MEG) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Monoethylene Glycol (MEG) Market Segmentation

Application

  • Polyester Fiber
  • Polyethylene Terephthalate
  • Antifreeze

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Monoethylene Glycol (MEG) Market: Strategic Insights

monoethylene-glycol-meg-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Monoethylene Glycol (MEG) Market Growth Drivers

  • Increase in Polyester Fiber Production: Another significant market growth driver in mono ethylene glycol is the production of polyester fiber. Polyester is one of the most widely consumed textile and clothing or home furnishings products; hence, MEG will also gain from increasing demand for polyester fiber. The textile industry requires polyester fibers for their strength, versatility, and low cost. Synthesis of PET, the polymer majorly used in the production of polyester fibers, will thus require an MEG key. Expected is that the increase in the level of production to meet consumers' demand will spill over into the corresponding increase in the demand for MEG.
  • Growth of Sustainable and Recycled Polyester: Another driver of the MEG market is the growing popularity of sustainable and recycled polyester. More companies nowadays produce such kinds of recyclables, using recycled PET, which still needs MEG for its processing. This approach, aside from providing the right kind of backup for the environmental initiative, underlines the role that MEG has been playing in the circular economy-that is, its market growth.
  • Increasing Polyester Fiber Production: Polyester fiber production can well be a strong growth driver in the monoethylene glycol market. As textile output rises and production processes expand, the demand for MEG as an important raw material will continue to increase, which in turn offers considerable opportunities for manufacturers in this business.

Monoethylene Glycol (MEG) Market Future Trends

  • Development of Bio-based Monoethylene Glycol (MEG): The development of bio-based monoethylene glycol has emerged as a significant growth driver in the monoethylene glycol market. Industries have recently taken more interest in sustainability, and so, the development of bio-based MEG from renewable sources is emerging as an eco-friendly alternative to the widely used petroleum-based MEG-a very attractive product for both environmentally conscious consumers and producers.
  • The Role of Bio-based MEG in Sustainability: Bio-based MEG fits well in this sustainable world; producers are eager to reduce the carbon footprint of their company. Bio-based MEG contributes to the breaking of dependence on fossil fuels while being advocated for in the field of circular economy through waste utilization and agriculture by-products. It is already beginning to attract more investment and researches on this front.
  • Increasing Industry Applications of Bio-based MEG: Bio-based MEG is being highly consumed in formulations by the textile and packaging industries. As more consumers raise concerns regarding the sustainability of products being offered, manufacturers are integrating bio-based materials into their production lines for better market positioning. Bio-based MEG is used in manufacturing polyester fibers and PET. Hence, it contributes majorly in making eco-friendly textiles and packaging materials.

Monoethylene Glycol (MEG) Market Opportunities

  • Increase in Automotive Applications: Automotive applications are strongly driving growth opportunities in the monoethanolamine market. MEA is used in diverse automobile formulating applications like fuel additives, engine coolants, and anti-corrosion agents. As time passes by, due to the changing needs of the automotive industry, more demand for high-performance chemicals, such as MEA, is expected to be required and its market to be boosted.
  • Fuel Efficiency and Environmental Standards: The requirement for fuel efficiency and lower emissions forces the manufacturer to incorporate MEA in fuel formulations. MEA provides higher combustion efficiency and reduces engine deposits, which is critical for dealing with stringent environmental standards. The demand for MEA in automotive applications will increase as automobile manufacturers intend to enhance the performance of vehicles while reducing their adverse effects on the environment.
  • Growing Demand in Electric and Hybrid Vehicles: In addition, electric vehicles and hybrid technologies are of growing interest. It is used in the formulation of cooling fluids and electrolytes for the battery-an essential component for efficient running of electric vehicles. As the market continues to grow for electric and hybrid vehicles, the requirements for specialty chemicals like MEA are likely to increase.

Monoethylene Glycol (MEG) Market Regional Insights

The regional trends and factors influencing the Monoethylene Glycol (MEG) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Monoethylene Glycol (MEG) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

monoethylene-glycol-meg-market-global-geography
  • Get the Regional Specific Data for Monoethylene Glycol (MEG) Market

Monoethylene Glycol (MEG) Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 5%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Application
  • Polyester Fiber
  • Polyethylene Terephthalate
  • Antifreeze
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • LyondellBasell,
  • The Dow Chemical Company,
  • ME Global
  • SABIC,
  • ExxonMobil Corporation,
  • NAN YA PLASTICS CORPORATION
  • Royal Dutch Shell,
  • Braskem,
  • Reliance Industries Limited,

  • Monoethylene Glycol (MEG) Market Players Density: Understanding Its Impact on Business Dynamics

    The Monoethylene Glycol (MEG) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Monoethylene Glycol (MEG) Market are:

    1. LyondellBasell,
    2. The Dow Chemical Company,
    3. ME Global
    4. SABIC,
    5. ExxonMobil Corporation,

    Disclaimer: The companies listed above are not ranked in any particular order.


    monoethylene-glycol-meg-market-cagr

    • Get the Monoethylene Glycol (MEG) Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Monoethylene Glycol (MEG) Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Monoethylene Glycol (MEG) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    What is the future trend for monoethylene glycol (MEG) market?

    Development of Bio-based Monoethylene Glycol (MEG) is expected to be the key market trends.

    Based on geography, which region held the largest share of the monoethylene glycol (MEG) market?

    Based on geography, Asia Pacific held the largest share of the monoethylene glycol (MEG) market.

    Which is the fastest growing segment based on application?

    Based on application, polyester fiber is expected to witness the fastest growth during the forecast period

    What are the key players operating in the monoethylene glycol (MEG) market?

    LyondellBasell, The Dow Chemical Company, SABIC are some of the key players operating in the monoethylene glycol (MEG) market

    What are the driving factors impacting the monoethylene glycol (MEG) Market?

    Increase in Polyester Fiber Production is driving the market growth

    What is the expected CAGR of the Monoethylene Glycol (MEG) Market?

    The Monoethylene Glycol (MEG) Market is estimated to witness a CAGR of 5% from 2023 to 2031

    Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    The List of Companies

    1. LyondellBasell,
    2. The Dow Chemical Company,
    3. ME Global
    4. SABIC,
    5. ExxonMobil Corporation,
    6. NAN YA PLASTICS CORPORATION
    7. Royal Dutch Shell,
    8. Braskem,
    9. Reliance Industries Limited,
    10. BASF SE,
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo