North America Monoethylene Glycol Market Size, Share & Industry Trends Analysis Report By End-Use (Textile, Packaging, Automotive, Plastics, and Others), By Application, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Monoethylene Glycol Market would witness market growth of 3.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,105.8 Kilo Tonnes, showcasing a growth of 1.4% (2019-2022).

The demand for monoethylene glycol (MEG) is closely tied to the production of PET resins used in manufacturing plastic bottles and packaging materials. As the packaging industry grows, so does the demand for MEG. MEG is a critical component in the production of polyester fibers and textiles. The growth of the textile industry, especially in emerging markets, impacts the market significantly. MEG is used in the production of engine coolants and antifreeze. Therefore, the automotive industry's performance and expansion influence the market. Increasing environmental awareness has led to a focus on sustainable materials and processes. It influences the market by encouraging the development of bio-based MEG and recycling initiatives.

MEG is used in the formulation of engine coolants and antifreeze. The need for efficient temperature control in vehicles drives its adoption in the automotive sector. As the automotive industry shifts toward electric and hybrid vehicles, there is a growing emphasis on sustainable and eco-friendly coolants, potentially impacting the adoption of MEG. MEG has various industrial applications, including heat transfer fluid, hydrate inhibitor, and in producing chemicals like diethylene glycol (DEG) and triethylene glycol (TEG). Economic conditions, including industrial production and demand for specific chemical products, influence MEG adoption in chemical and industrial applications.

Mexico has become a significant hub for automotive manufacturing, with numerous global automakers establishing production facilities in the country. These facilities produce a wide range of passenger vehicles, including sedans, SUVs, and trucks, many of which require antifreeze and coolant containing MEG. Mexico's automotive industry is highly export-oriented, with a significant portion of the vehicles produced in the country being shipped to markets, particularly the United States. Exported vehicles often come equipped with MEG-based antifreeze and coolant.

While traditional internal combustion engine vehicles are prevalent, the automotive industry in Mexico, like the global industry, is witnessing growth in electric and hybrid vehicles (EVs and HEVs). These vehicles still require cooling systems that use MEG-based coolants. The automotive sector in Mexico plays a vital role in driving the demand for MEG-based antifreeze and coolant products. The growth of the automotive industry, combined with environmental and sustainability considerations, ensures that MEG remains a crucial component in the automotive fluids sector in Mexico.

The US market dominated the North America Monoethylene Glycol Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,575.5 million by 2029. The Canada market is exhibiting a CAGR of 5.3% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 4.4% during (2023 - 2030).

Based on End-Use, the market is segmented into Textile, Packaging, Automotive, Plastics, and Others. Based on Application, the market is segmented into Polyethylene Terephthalate (PET), Antifreeze, Polyester Fibers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Shell plc, LyondellBasell N.V., India Glycols Limited, SABIC, UPM Biochemicals, Kimia Pars Shayankar Co., Arham Petrochem Private Limited, Indian Oil Corporation Ltd., Pon Pure Chemicals Group, and ACURO ORGANICS LIMITED.

Scope of the Study

Market Segments covered in the Report:

By End-Use (Volume, Kio Tonnes, USD Million, 2019-2030)

Textile
Packaging
Automotive
Plastics
Others

By Application (Volume, Kio Tonnes, USD Million, 2019-2030)

Polyethylene Terephthalate (PET)
Antifreeze
Polyester Fibers
Others

By Country (Volume, Kio Tonnes, USD Million, 2019-2030)

US
Canada
Mexico
Rest of North America

Companies Profiled

Shell plc
LyondellBasell N.V.
India Glycols Limited
SABIC
UPM Biochemicals
Kimia Pars Shayankar Co.
Arham Petrochem Private Limited
Indian Oil Corporation Ltd.
Pon Pure Chemicals Group
ACURO ORGANICS LIMITED

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Monoethylene Glycol Market, by End-Use
- 1.4.2 North America Monoethylene Glycol Market, by Application
- 1.4.3 North America Monoethylene Glycol Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. North America Monoethylene Glycol Market by End-Use

4.1 North America Textile Market by Country
4.2 North America Packaging Market by Country
4.3 North America Automotive Market by Country
4.4 North America Plastics Market by Country
4.5 North America Others Market by Country

Chapter 5. North America Monoethylene Glycol Market by Application

5.1 North America Polyethylene Terephthalate (PET) Market by Country
5.2 North America Antifreeze Market by Country
5.3 North America Polyester Fibers Market by Country
5.4 North America Others Market by Country

Chapter 6. North America Monoethylene Glycol Market by Country

6.1 US Monoethylene Glycol Market
- 6.1.1 US Monoethylene Glycol Market by End-Use
- 6.1.2 US Monoethylene Glycol Market by Application
6.2 Canada Monoethylene Glycol Market
- 6.2.1 Canada Monoethylene Glycol Market by End-Use
- 6.2.2 Canada Monoethylene Glycol Market by Application
6.3 Mexico Monoethylene Glycol Market
- 6.3.1 Mexico Monoethylene Glycol Market by End-Use
- 6.3.2 Mexico Monoethylene Glycol Market by Application
6.4 Rest of North America Monoethylene Glycol Market
- 6.4.1 Rest of North America Monoethylene Glycol Market by End-Use
- 6.4.2 Rest of North America Monoethylene Glycol Market by Application

Chapter 7. Company Profiles

7.1 LyondellBasell Industries Holdings B.V.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
7.2 India Glycols Limited
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Swot Analysis
7.3 SABIC (Saudi Arabian Oil Company)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 SWOT Analysis
7.4 Shell Plc
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
7.5 Kimia Pars Shayankar Co.
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
7.6 Indian Oil Corporation Ltd.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
7.7 UPM Biochemicals
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Research & Development Expenses
- 7.7.4 Recent strategies and developments:
  - 7.7.4.1 Partnerships, Collaborations, and Agreements:
- 7.7.5 SWOT Analysis
7.8 Arham Petrochem Private Limited
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
7.9 Pon Pure Chemicals Group (Pure Chemicals Co)
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
7.10. ACURO ORGANICS LIMITED
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 North America Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 North America Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 6 North America Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 7 North America Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Textile Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Textile Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Packaging Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Packaging Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Plastics Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Plastics Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 30 North America Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 31 North America Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Antifreeze Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Antifreeze Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Antifreeze Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Antifreeze Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Polyester Fibers Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Polyester Fibers Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Polyester Fibers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Polyester Fibers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Monoethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Monoethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Monoethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Monoethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 US Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 US Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 US Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 US Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 US Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 58 US Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 59 US Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 60 US Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 61 US Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 62 US Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 63 US Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 US Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 66 Canada Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 67 Canada Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 70 Canada Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 71 Canada Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 73 Canada Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 74 Canada Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 75 Canada Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Canada Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78 Mexico Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79 Mexico Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 82 Mexico Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 83 Mexico Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 85 Mexico Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 86 Mexico Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 87 Mexico Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Mexico Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 90 Rest of North America Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 91 Rest of North America Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 94 Rest of North America Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 95 Rest of North America Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of North America Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of North America Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of North America Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of North America Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Key Information - LyondellBasell Industries Holdings B.V.
TABLE 102 Key Information - India Glycols Limited
TABLE 103 Key Information - SABIC
TABLE 104 Key Information - Shell plc
TABLE 105 Key Information - Kimia Pars Shayankar Co.
TABLE 106 Key Information - Indian Oil Corporation Ltd.
TABLE 107 Key Information - upm biochemicals
TABLE 108 Key Information - Arham Petrochem private limited
TABLE 109 Key Information - Pon Pure Chemicals Group
TABLE 110 Key Information - Acuro Organics Limited

North America Monoethylene Glycol Market Size, Share & Industry Trends Analysis Report By End-Use (Textile, Packaging, Automotive, Plastics, and Others), By Application, By Country and Growth Forecast, 2023 - 2030