India Monoethylene Glycol (MEG) Market By Type (Polyester Fiber and Yarn, PET Resin, Polyester Film, Others), By End Use (Packaging, Textile, Automotive, Others), By Region, Competition, Forecast and Opportunities, 2029
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Monoethylene Glycol (MEG) Market By Type (Polyester Fiber and Yarn, PET Resin, Polyester Film, Others), By End Use (Packaging, Textile, Automotive, Others), By Region, Competition, Forecast and Opportunities, 2029
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 2.53 billion |
| CAGR (2024-2029) | 5.00% |
| Fastest Growing Segment | Polyester Fiber and Yarn |
| Largest Market | West India |
Key Market Drivers
Increasing Demand of Monoethylene Glycol from Packaging Industry
Growing Demand for Monoethylene Glycol from Textile Industry
Growing Demand of Monoethylene Glycol (MEG) in Production of Batteries
Key Market Challenges
Volatility in Prices of Raw Materials
Growth in Environmental Considerations
Key Market Trends
Growing Demand of Lightweight Vehicles
Segmental Insights
Type Insights
End Use Insights
Regional Insights
Recent Developments
- In 2022, Braskem S.A. and Sojitz Corp. have signed an agreement toestablish a joint venture (JV) aimed at producing and marketing bioMEG(monoethylene glycol) and bioMPG (monopropylene glycol), two key componentsused in various industries. This strategic partnership brings togetherBraskem's extensive expertise in industrial production and sale of chemical andplastics made from renewable sources with Sojitz's strong presence in Asia, aregion that not only concentrates 80% of the global MEG market but has alsowitnessed remarkable growth in its consumption. By combining their strengths,the joint venture aims to meet the rising demand for sustainable andeco-friendly solutions in the chemical industry, while capitalizing on theimmense market potential in Asia and beyond.
Key Market Players
- Reliance Industries Limited
- Indian Oil Corporation Limited
- India Glycols Limited
- Arham Petrochem Private Limited
- HELM India Private Limited
| By Type | By End Use | By Region |
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