Global Monoethylene Glycol Market Size was valued at USD 36.98 Billion by 2035 | CAGR of 3.4%

Global Monoethylene Glycol Market Size was valued at USD 36.98 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Global Monoethylene Glycol Market Size is Expected to Grow from USD 25.60 Billion in 2024 to USD 36.98 Billion By 2035, at a CAGR of 3.4% during the forecast period 2025-2035.  

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On "the Global Monoethylene Glycol Market Size, Share, and COVID-19 Impact Analysis, By Application (PET, Polyester Fibers, Antifreeze, and Others), By End User (Packaging, Textile, Automotive, Plastics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035."Detailed Report Decription Her:https://www.sphericalinsights.com/reports/monoethylene-glycol-market

The Global Economic and Industrial Ecosystem involved in the production, supply, sale, and use of monoethylene glycol as a crucial petrochemical intermediate is officially known as the monoethylene glycol (MEG) market. Polyester fibers, polyethylene terephthalate (PET) resins, films, bottles, antifreeze formulations, coolants, and industrial solvents are all made from monoethylene glycol, which is mainly produced from ethylene oxide. The market includes downstream End User s in the textile, packaging, automotive, construction, and consumer goods industries, as well as upstream raw material sourcing and midstream manufacturing technologies. Environmental compliance and operational efficiency are being improved by technological developments in production methods, such as bio-based and energy-efficient MEG manufacturing. Market growth is also being stimulated by government programs that support recycling, sustainable materials, and circular economy principles. Additionally, the worldwide monoethylene glycol market is still being strengthened by advantageous trade policies, capacity expansions by key petrochemical companies, and improved supply chain integration. However, the market for monoethylene glycol is constrained by high manufacturing costs, environmental constraints, feedstock price volatility, and sustainability demands.

The PET segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.         

Based on the application, the monoethylene glycol market is divided into PET, polyester fibers, antifreeze, and others. Among these, the PET segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. PET films for snack, dairy, and nutraceutical packaging yield larger profit margins. PET substrates laminated with vegan leather finishes in car interiors assist OEMs in meeting sustainability standards.    

The textile segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.          

Based on the end user, the monoethylene glycol market is divided into packaging, textile, automotive, plastics, and others. Among these, the textile segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The market for this category has been reinforced by the growth of textile manufacturing facilities in emerging nations as well as technological developments in fiber production.   

Asia Pacific is expected to hold the majority share of the global monoethylene glycol market during the forecast period.             

Asia Pacific is expected to hold the majority share of the global monoethylene glycol market during the forecast period. MEG consumption is accelerating due to the substantial increase in demand for consumer goods, carbonated beverages, and textiles brought on by rapid urbanization, population growth, and increased disposable incomes. High production capacity and cheap pricing are further supported by the existence of large-scale petrochemical manufacturing facilities, affordable labor, and easily accessible feedstocks. Asia Pacific's leadership position in the worldwide monoethylene glycol market is being strengthened by ongoing investments in capacity expansions, technical breakthroughs, and bio-based MEG projects.

North America is anticipated to grow at the fastest pace in the global monoethylene glycol market during the forecast period. The commercialization of bio-MEG is being accelerated by government assistance for bio-based substitutes, circular economy projects, and sustainable chemicals. North America is positioned as a high-growth, innovation-driven monoethylene glycol market due to strategic investments, capacity modernization, and advantageous regulatory frameworks. 

Major vendors in the global monoethylene glycol market are Acuro Organics Ltd., Arham Petrochem Pvt. Ltd., Euro Industrial Chemicals, Indian Oil Corporation Ltd., India Glycols Ltd., Ishtar Company, LLC, Kimia Pars Co., LyondellBasell N.V., MEGlobal, Pon Pure Chemicals Group, Raha Group, SABIC, Shell, UPM Biochemicals, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development   

• In February 2025, to fulfill the increasing demand for PET, promote industrial growth, and guarantee a steady supply of MEG throughout the region, Shell Chemicals started expanding its monoethylene glycol manufacturing capacity in Asia.  

Market Segment   

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the monoethylene glycol market based on the below-mentioned segments:    

Global Monoethylene Glycol Market, By Application  

• PET
• Polyester Fibers
• Antifreeze
• Others

Global Monoethylene Glycol Market, By End User

• Packaging
• Textile
• Automotive
• Plastics
• Others

 Global Monoethylene Glycol Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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