LAMEA 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 Latin America, Middle East and Africa Monoethylene Glycol Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,681.6 Kilo Tonnes, showcasing a growth of 3.9% (2023-2030).

Enhanced socioeconomic conditions, emerging economies, improved infrastructure, and a growing vehicle fleet, among other factors, have fueled the demand for automobiles, propelling the growth of the market. The demand for antifreeze and coolants in HVAC systems and heat exchangers is increasing to facilitate heat transfer in harsh, frigid weather conditions. Coolants and antifreeze can also be employed in industrial and electrical applications. The winterization of air conditioners, sanitation systems, non-running engines, and potable water systems are the primary industrial uses of antifreeze and coolants. Therefore, the demand for MEG is anticipated to be further fueled by the expanding application potential in the automotive and electronic industries.

MEG is a critical raw material for producing polyethylene terephthalate (PET) resin, widely used in the packaging industry for making bottles and containers for beverages, food, and personal care products. The growth in the consumption of PET bottles, especially in emerging economies, has driven MEG demand. In PET production, MEG and DMT are combined through a polymerization reaction to create PET resin. The MEG component contributes to the formation of the polymer chain. The resulting PET resin make a wide range of products. PET has also seen growth due to sustainability trends. Recycled PET (rPET) is increasingly used to produce PET products, which requires collecting and recycling PET bottles. Sustainability concerns have led to innovations in PET recycling and bio-based MEG in PET production.

Saudi Arabia has been actively pursuing the development of its domestic auto manufacturing capacity. As part of the country's economic diversification efforts, it has attracted investments from leading automakers to set up production facilities. Economic growth and rising disposable incomes in Saudi Arabia have contributed to an increase in vehicle ownership. This trend has increased demand for automotive maintenance products, including antifreeze and coolants.

Saudi Arabia experiences extreme climatic conditions, including high summer and cold temperatures in some regions during winter. These conditions necessitate effective engine cooling systems, which rely on quality coolant formulations. The growing automotive industry in Saudi Arabia, driven by economic diversification efforts and increased vehicle ownership, plays a considerable role in the demand for MEG, primarily in the form of antifreeze and coolant products. As the automotive sector continues to expand and innovate, the demand for MEG will remain robust in the Saudi Arabian region.

As per International Trade Administration, Saudi Arabia is the largest regional automotive industry, and the Middle East and North Africa (MENA) region is expanding at an estimated 36% rate. In 2020, Saudi Arabia accounted for approximately 52% of all vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region. In 2019 and 2020, Saudi Arabia sold 556,000 and 436,000 vehicles, respectively. Sales are anticipated to reach 543,000 units by 2025, with only 32,000 units being electric vehicles (EVs).

The Brazil market dominated the LAMEA Monoethylene Glycol Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $369.5 million by 2029. The Argentina market is showcasing a CAGR of 5.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 4.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

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 LAMEA Monoethylene Glycol Market, by End-Use
- 1.4.2 LAMEA Monoethylene Glycol Market, by Application
- 1.4.3 LAMEA 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. LAMEA Monoethylene Glycol Market by End-Use

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

Chapter 5. LAMEA Monoethylene Glycol Market by Application

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

Chapter 6. LAMEA Monoethylene Glycol Market by Country

6.1 Brazil Monoethylene Glycol Market
- 6.1.1 Brazil Monoethylene Glycol Market by End-Use
- 6.1.2 Brazil Monoethylene Glycol Market by Application
6.2 Argentina Monoethylene Glycol Market
- 6.2.1 Argentina Monoethylene Glycol Market by End-Use
- 6.2.2 Argentina Monoethylene Glycol Market by Application
6.3 UAE Monoethylene Glycol Market
- 6.3.1 UAE Monoethylene Glycol Market by End-Use
- 6.3.2 UAE Monoethylene Glycol Market by Application
6.4 Saudi Arabia Monoethylene Glycol Market
- 6.4.1 Saudi Arabia Monoethylene Glycol Market by End-Use
- 6.4.2 Saudi Arabia Monoethylene Glycol Market by Application
6.5 South Africa Monoethylene Glycol Market
- 6.5.1 South Africa Monoethylene Glycol Market by End-Use
- 6.5.2 South Africa Monoethylene Glycol Market by Application
6.6 Nigeria Monoethylene Glycol Market
- 6.6.1 Nigeria Monoethylene Glycol Market by End-Use
- 6.6.2 Nigeria Monoethylene Glycol Market by Application
6.7 Rest of LAMEA Monoethylene Glycol Market
- 6.7.1 Rest of LAMEA Monoethylene Glycol Market by End-Use
- 6.7.2 Rest of LAMEA 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 LAMEA Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 6 LAMEA Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 7 LAMEA Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Textile Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Textile Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Packaging Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Packaging Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Plastics Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Plastics Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 30 LAMEA Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 31 LAMEA Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Antifreeze Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Antifreeze Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Antifreeze Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Antifreeze Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 LAMEA Polyester Fibers Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Polyester Fibers Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Polyester Fibers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 LAMEA Polyester Fibers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 LAMEA Monoethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Monoethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 51 LAMEA Monoethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 LAMEA Monoethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Brazil Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 Brazil Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 Brazil Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Brazil Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Brazil Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 58 Brazil Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 59 Brazil Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 60 Brazil Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 61 Brazil Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 62 Brazil Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 63 Brazil Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Brazil Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Argentina Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 66 Argentina Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 67 Argentina Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Argentina Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Argentina Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 70 Argentina Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 71 Argentina Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 72 Argentina Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 73 Argentina Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 74 Argentina Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 75 Argentina Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Argentina Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 UAE Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78 UAE Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79 UAE Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80 UAE Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81 UAE Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 82 UAE Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 83 UAE Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 84 UAE Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 85 UAE Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 86 UAE Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 87 UAE Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 UAE Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Saudi Arabia Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 90 Saudi Arabia Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 91 Saudi Arabia Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Saudi Arabia Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Saudi Arabia Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 94 Saudi Arabia Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 95 Saudi Arabia Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 96 Saudi Arabia Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 97 Saudi Arabia Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 98 Saudi Arabia Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 99 Saudi Arabia Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Saudi Arabia Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 South Africa Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 102 South Africa Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 103 South Africa Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 104 South Africa Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 105 South Africa Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 106 South Africa Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 107 South Africa Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 108 South Africa Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 109 South Africa Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 110 South Africa Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 111 South Africa Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 South Africa Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Nigeria Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 114 Nigeria Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 115 Nigeria Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Nigeria Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Nigeria Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 118 Nigeria Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 119 Nigeria Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 120 Nigeria Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 121 Nigeria Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 122 Nigeria Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 123 Nigeria Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Nigeria Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of LAMEA Monoethylene Glycol Market, 2019 - 2022, USD Million
TABLE 126 Rest of LAMEA Monoethylene Glycol Market, 2023 - 2030, USD Million
TABLE 127 Rest of LAMEA Monoethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of LAMEA Monoethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of LAMEA Monoethylene Glycol Market by End-Use, 2019 - 2022, USD Million
TABLE 130 Rest of LAMEA Monoethylene Glycol Market by End-Use, 2023 - 2030, USD Million
TABLE 131 Rest of LAMEA Monoethylene Glycol Market by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of LAMEA Monoethylene Glycol Market by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of LAMEA Monoethylene Glycol Market by Application, 2019 - 2022, USD Million
TABLE 134 Rest of LAMEA Monoethylene Glycol Market by Application, 2023 - 2030, USD Million
TABLE 135 Rest of LAMEA Monoethylene Glycol Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of LAMEA Monoethylene Glycol Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Key Information - LyondellBasell Industries Holdings B.V.
TABLE 138 Key Information - India Glycols Limited
TABLE 139 Key Information - SABIC
TABLE 140 Key Information - Shell plc
TABLE 141 Key Information - Kimia Pars Shayankar Co.
TABLE 142 Key Information - Indian Oil Corporation Ltd.
TABLE 143 Key Information - upm biochemicals
TABLE 144 Key Information - Arham Petrochem private limited
TABLE 145 Key Information - Pon Pure Chemicals Group
TABLE 146 Key Information - Acuro Organics Limited

LAMEA 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