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

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Japanese stores witness dip in apparel sales in October

Apparel/Garments | On 23rd Nov 2017

Japanese stores witness dip in apparel sales in October

Sales of apparel, both in department stores and in retail chain...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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