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Mono-Ethylene Glycol Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

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Mono-Ethylene Glycol Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 02
19:52 2022
Mono-Ethylene Glycol Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Mono-Ethylene Glycol Market is expected to grow at a CAGR of 6.9% during the forecast period 2022-2029.

Market Overview:

Mono-Ethylene Glycol Market is expected to grow at a CAGR of 6.9% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Red Biotechnology Market, and it is further continuing its dominance during the forecast period.

Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.

To Download free sample @ Click Here

Market Drivers:

Expanding interest for radiator fluid because of experienced development in the auto business

Radiator fluid alludes to those synthetics equipped for bringing down the edge of freezing over o a water-based fluid to keep it from freezing under chilly climate. Since locales like U.S. furthermore, Europe are inclined to chilly climate with regular temperatures dipping under 0oC, radiator fluid fluids are obligatory to guarantee the wellbeing and appropriate working of gas powered motors. As mono-ethylene glycol is one of the most noticeably utilized radiator fluid fluids universally, the worldwide auto industry’s select development could be a critical driver for the worldwide mono-ethylene glycol market.

However the worldwide auto market was continually pounded by Coronavirus at first, the final quarter of 2021 shows critical development. According to information, GM revealed a 4.8% increment in deals alongside Toyota Engine Corp and Volkswagen Ag, who detailed a 9.4% and 10.8% ascent in deals, separately. Moreover, Volkswagen AG is supposed to sell practically 15.6 million vehicles in U.S. market toward the finish of 2021. From an examination of the measurements, it very well may be immediately presumed that the worldwide car market is supposed to observe a huge lift during the figure time frame. Thus, the worldwide mono-ethylene glycol market is supposed to foster significantly as far as market prospects, for example, deals and request because of the broad and powerful use of mono-ethylene glycol as a radiator fluid.

Market Segmentation:

By Production Process

Gas-based

Naphtha-based

Coal-based

Methane-to-Olefins (MTO)

By Application

Polyester Fiber

PET Bottle

PET Film

Antifreeze

By End-User

Textile

Packaging

Plastic

Automotive

Major Companies Covered:

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 and Sasol.

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Media Contact
Company Name: DataM Intelligence
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Phone: +1 877 441 4866
Country: United States
Website: https://www.datamintelligence.com/research-report/mono-ethylene-glycol-market

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