Press Release
Essential Chemical, Expanding Market: MEG Growth Driven by PET & Polyester Boom
PRESS RELEASE
Pune, December 27, 2025 – Global Data Route Analytics has unveiled its latest report on the Global Monoethylene Glycol (MEG) Market, projecting steady expansion from USD 26.4 billion in 2024 to nearly USD 35.1 billion by 2035. This upward trajectory reflects MEG’s crucial role across textile, packaging, automotive, and chemical manufacturing sectors.
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The market’s growth is strongly supported by rising global consumption of polyester fibers and PET resins, which continue to dominate textile and packaging applications. Ongoing advancements in MEG production efficiency and sustainable feedstock solutions are further reshaping industry competitiveness.
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Monoethylene glycol remains essential in numerous end-use applications, including antifreeze formulations, plastics processing, solvents, and industrial materials. As demand for lightweight, durable, and cost-effective materials accelerates worldwide, MEG usage is expected to maintain a stable upward momentum through 2035.
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Market Segmentation: Global Monoethylene Glycol (MEG) Market
By Type
• Purified Terephthalic Acid (PTA) Grade
• Textile Grade
• Industrial Grade
• Others
By Application
• Polyester Fibers
• Polyethylene Terephthalate (PET) Resins
• Antifreeze & Coolants
• Solvents
• Others
By End-Use Industry
• Textile & Apparel
• Packaging
• Automotive
• Chemicals
• Others
By Region – Global MEG Market
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
Key Players – Global Monoethylene Glycol Market
• LyondellBasell Industries Holdings B.V.
• SABIC
• Sinopec Corporation
• Indorama Ventures Public Company Limited
• Reliance Industries Limited
• Shell Chemicals
• BASF SE
• Eastman Chemical Company
• Huntsman Corporation
• Dow Inc.
About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics
