The Mono Ethylene Glycol (MEG) Market size was valued at USD 22290.95 million in 2024 and is expected to reach USD 29603.79 million by 2033, growing at a CAGR of 3.2% from 2025 to 2033.
The Mono Ethylene Glycol (MEG) market plays a pivotal role in the global petrochemical landscape. MEG is a key raw material used primarily in the production of polyester fibers, polyethylene terephthalate (PET) resins, and antifreeze formulations.
In 2023, the global demand for MEG surpassed 28 million metric tons, with over 60% of this demand driven by the textile and packaging industries. Asia-Pacific, especially China and India, accounts for more than 65% of global MEG consumption due to their booming textile and plastics manufacturing sectors. China alone consumed over 12 million metric tons of MEG in 2023.
Global Demand and Applications Of MEG
The demand for MEG is strongly driven by the textile and packaging industries. Polyester fibers, PET bottles, and films rely heavily on MEG as a raw material. Additionally, MEG's excellent hygroscopic properties make it a key component in antifreeze solutions, coolants, and heat transfer fluids, ensuring safety and efficiency in automotive and industrial cooling systems.
Industrial Advantages
- Versatility: MEG's solubility in water and alcohols makes it suitable for a variety of chemical reactions and formulations.
- Stability: It is chemically stable at room temperature, making storage and handling safe for bulk operations.
- Low-Temperature Performance: When mixed with water, MEG significantly lowers the freezing point.
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