Home / Knowledge / News / Textiles / Asia leads global MEG production and consumption
Asia leads global MEG production and consumption
24
Aug '15
Monoethylene glycol (MEG) is mainly used as a raw material in the manufacturing of PET resin, polyester fibre and antifreeze. Fibre2Fashion's latest report “Global MEG Market Outlook - Demand Supply Analysis, Market Size By Application, By Region-Trends and Forecast till 2020”, presents analysis of anticipated significant growth in MEG consumption during the forecast period of study, majorly driven by growing increase in consumption of MEG into polyester fibre and PET resin.

The report also discusses the trends, opportunities, and challenges within the market globally. For analysis, the report segments the global MEG market by application and region in terms of both volume and value. Polyester fibre contributes major share of the market applications with 53 per cent, in the year 2014 and looks to continue growing strong by 2020. PET resins application follows after polyester and is projected to grow fastest from 2015 to 2020.

Asia-Pacific major MEG producer and consumer

Global MEG market is projected to reach $34,164 million by 2020, growing at a CAGR of 4.8 per cent between 2015 and 2020. MEG consumption in Asia-Pacific was the highest in 2014. The region is expected to remain the major market in terms of volume by 2020 and is predicted to grow at a CAGR of 5.1 per cent.

Click here to access the report.

Fibre2Fashion.com was established in 2000 and is owned and promoted by Fibre2Fashion Pvt. Ltd. (formerly known as Sanblue Enterprises Pvt. Ltd.) - an ISO 9001:2008 company. It is amongst the world's largest B2B platforms for the global textile-apparel and fashion industry.

Since its inception, Fibre2Fashion has helped several small, medium and large business houses from across the globe to capture and increase their market share by providing cost-effective and innovative solutions to help them reach the largest international target audience in the shortest time.

Fibre2Fashion's services include providing market analysis of global price trends of fibre and feedstock commodities like PSF, PTA, caprolactam, cotton, and many more, which manufacturers and suppliers find useful for their strategic planning, marketing and decision-making activities.

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search