Home / Knowledge / News / Textiles / World MEG consumption to reach 31337 thousand tons by 2020
World MEG consumption to reach 31337 thousand tons by 2020
06
Jun '14
Global consumption of monoethylene glycol (MEG), an essential raw material for polyester fibres and polyethylene terephthalate (PET) polymer, is estimated to reach 31337 thousand tons by 2020, according to a new report.

In 2013, worldwide MEG consumption was estimated to be 20481 thousand tons, which is likely to increase by around 53.01 percent to 31337 thousand tons by 2020, states the report “Global Polyester Value Chain Market Analysis & Forecast, 2014-2020” published by Fibre2fashion.com.

The total import of MEG in the world increased from 7835.00 thousand tons in 2004 to an estimated 15033.01 thousand tons in 2013, showing a whopping increase of around 91.87 percent. The MEG imports registered CAGR of 6.73 percent during 2004–2013 period.

At present, China is the top importer of MEG, followed by the United States, India, and the European Union. These four nations/regions collectively account for around 73.05 percent of total MEG imports in the world.

Apart from consumption and import of MEG, the report also covers in-depth information and trends on world’s production, consumption, exports and imports of various materials in the polyester value chain.

Click here to know more about “Global Polyester Value Chain Market Analysis & Forecast 2014-2020”.

About Fibre2fashion:

Fibre2fashion is the largest global B2B portal catering to the worldwide textile, apparel, fashion, technical textiles & retail industry and averages over 1.8 million global visitors per month. Over the last 14 years, it has evolved into an unmatched knowledge and services provider to the global textile-value chain.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X