Mono Ethylene Glycol Market – Overview
Mono Ethylene Glycol or Glycol is manufactured industrially from ethylene oxide and ethylene. Mono ethylene glycol market is expected to witness steady growth on account of its significant usage in polyethylene terephthalate as well as antifreeze application. Among application, polyethylene terephthalate (PET) accounted for the largest market share in 2016 and is predicted to retain its dominance over the estimated period due to high demand from packaging industry. Antifreeze segment is expected to witness healthy growth due to increasing aviation industry across the globe. Growing per capita disposable income in developed and developing region coupled with increasing use of packaged products is predicted to propel the growth of the market. Moreover continuous growth of textile industry along with rising consumption of monoethylene glycol is predicted to drive the demand for Mono ethylene glycol market during the review period.
Geographically, Asia Pacific accounted for the largest market share for monoethylene glycol followed by North America and Europe in 2016. The Asia Pacific region dominated the global monoethylene glycol market share in 2016 and is expected to witness highest CAGR due to continuous growth of automotive and plastic industries specifically in China, India, Japan, Taiwan, Thailand, Malaysia, and South Korea. Additionally, the growth of mono ethylene glycol is largely driven by their utilization in packaging and textile industries. Furthermore, rising investment by major operating companies and shifting of monoethylene glycol manufacturing units as well as end use industries growth in this region is estimated to propel the monoethylene glycol regional market growth. North American market is expected to witness steady growth due to rising number of working professional which has resulted in increasing demand for packaging items and ultimately is expected to rise the consumption of monoethylene glycol in the upcoming years. Europe is estimated to witness healthy growth on account of rising demand from textile sector. Furthermore, strict regulations regarding the usage of this product has led to increase the innovation and development in this industry. Middle East & African market is estimated to register strong growth due to increasing plastic and packaging industries present in Qatar, Oman, Turkey, the United Arab Emirates, and Saudi Arabia. Market in Latin American countries such as Brazil and Guatemala, and Peru is estimated to register healthy growth on account of rising demand for textile and packaging items.
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Industry/ Innovation/ Related News:
April 2017- Indian Oil Corporation Limited planned to expand Paradip Refinery under this, the company will set up a second unit of monoethylene glycol plant which will cost around USD 614 Million. With this expansion the company will able to meet the growing demand from end use industries.
May 2017- ExxonMobil and SABIC signed an agreement to set up a petrochemical complex which include ethane steam cracker having capability of manufacturing 1.8 million tonnes of ethylene per annum, a monoethylene glycol unit, and two polyethylene units. With this expansion the company enhance its presence in global monoethylene glycol market.
March 2016- EQUATE Petrochemical Company with its subsidiary, MEGlobal planned to construct monoethylene glycol manufacturing unit at Dow’s Oyster Creek site in Texas. Company construct MEG plant to increase its global footprint and enhance its value as leading ethylene glycol producer and supplier. Company will be able to meet the growing demand in U.S. and Asian Market.
August 2016- Lotte Chemical and Axiall planned to set up a MEG plant through a joint venture called LACC LLC with an investment of around USD 1.1 Billion. With this expansion, the company is planning to expand its market basis in the U.S. and Europe.
Key Players:
The Dow Chemical Company, Reliance Industries Limited., Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, ExxonMobil Chemical Company, Eastman Chemical Company, Huntsman Corporation LLC. among others are some of the prominent players at the forefront of competition in the Global Mono Ethylene Glycol Market and are profiled in MRFR Analysis.
Competitive Landscape
The Mono Ethylene Glycol report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Mono Ethylene Glycol market comprises of various players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global monoethylene glycol industry is focusing towards growth association specifically by Asia Pacific as medium scale and small scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Additionally, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of monoethylene glycol to meet the growing demand for Mono Ethylene Glycol.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Global Caviar Market – OverviewIncreasing demand of caviar from restaurants and specialty stores is supporting the market growth globally.
Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Caviar Market Research Report- Forecast to 2022 that the Caviar market will demonstrate an exceptional CAGR during the forecast period.There are Caviar Market Health benefits too, Caviar is mainly obtained from Sturgeon fish caught in the Caspian Sea and it is considered expensive, but after the collapse and vanishing of the Soviet Empire, the stocks came dangerously close to extinction due to uncontrolled fishing of local fishermen just to survive.
Now the prices of caviar are even higher and likely to continue increasing in the upcoming years.
Russian Beluga caviar is hailed as the most prized caviar compared to other caviar types available in the market.
Large caviar farms around the world are found in Italy, Israel, France, the US, and Uruguay.Vegan caviar is the vegetarian and vegan-friendly alternative which is made from a unique formula of seaweed which is available in huge quantity in oceans.
These factors are playing the key role to boost the vegan caviar market.Global Caviar Market - Competitive AnalysisMajority of the players in the caviar market are concentrated in the Europe region in terms of supply, however caviar is in more demand in the Asia and North America region.
Among application, polyethylene terephthalate (PET) accounted for the largest market share in 2016 and is predicted to retain its dominance over the estimated period due to high demand from packaging industry.
Growing per capita disposable income in developed and developing region coupled with increasing use of packaged products is predicted to propel the growth of the market.
The Asia Pacific region dominated the global monoethylene glycol market COVID-19 Impact in 2016 and is expected to witness highest CAGR due to continuous growth of automotive and plastic industries specifically in China, India, Japan, Taiwan, Thailand, Malaysia, and South Korea.
North American market is expected to witness steady growth due to rising number of working professional which has resulted in increasing demand for packaging items and ultimately is expected to rise the consumption of monoethylene glycol in the upcoming years.
Europe is estimated to witness healthy growth on account of rising demand from textile sector.
Market in Latin American countries such as Brazil and Guatemala, and Peru is estimated to register healthy growth on account of rising demand for textile and packaging items.Access Complete Report @ https://www.marketresearchfuture.com/reports/mono-ethylene-glycol-market-2709 Industry/ Innovation/ Related News:April 2017- Indian Oil Corporation Limited planned to expand Paradip Refinery under this, the company will set up a second unit of monoethylene glycol plant which will cost around USD 614 Million.
Market – Overview:Egg products have been an essential part of many cuisines around the world, citing population rise the demand for egg and egg products has also increased significantly.
Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently published a report on this market.
The industry is expected to expand with a CAGR of 4.5% during the forecast period.Increase in population along with the increase in the number of applications for egg and egg products has boosted the level of market growth of this sector.
Development of varieties of eggs and egg products will fuel the onward expansion of the sector.Access Report Details @ https://www.marketresearchfuture.com/reports/egg-products-market-3859Industry Segments:The market for eggs and egg products is initially segmented on the basis of form which comprises of dried, liquid, others.
Applications of egg and egg products includes food such as ready-to-eat meals, confectionery, bakery, dips & sauces, dairy products, horeca and non-food items like personal care, animal feed, medicines & vaccines among others.
However, food based uses govern the share among the various applications of egg and egg products owing to increasing consumers demand for ready-to-eat meals and bakery products.Detailed Regional Analysis:The global egg and egg products market includes regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW).
27 March 2020: Global Well Intervention Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The Well Intervention Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Well Intervention Business, Market Share of Product, Application and Regional Scope of Well Intervention which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
The key players profiled in the Well Intervention market report are DSM Nutritionals, Jeunesse Global, Hill Pharmaceutical Co Ltd, Well Intervention Enhanced Pty Ltd, Andorra Life, ASN Pharmaceutical LLC.
They securely clean and remove debris from preserved streams.
On the other hand, the factors that may hamper the development of the market include stringent management regulations on E (exploration & production) activity.
The market may be explored by service type as Re-Perforation, Tubing/Packer Failure & Repair, Stimulation, Logging & Bottom Hole Survey, Zonal Isolation, Remedial Cementing, Sand Control Services, Fishing, Artificial Lift, etc.
