Portland, OR -- (SBWIRE) -- 06/29/2017 -- Monoethylene Glycol is an odorless, colorless, sweet-tasting, syrupy organic compound. It is generally known as Ethylene glycol. It is widely used as raw material in the manufacturing process of fabric and polyester fibers. In addition, it is used as coolant material, anti- freeze, dewatering agent, chemical intermediate, humecant, anti- corrosion agent, etc. Moreover, Monoethylene Glycol has a wide range of applications, ranging from production of tobacco to manufacturing process of food & beverages, medicines, cosmetics, etc.

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The major factor that is driving the growth of the Monoethylene Glycol market is soaring demand for PET resin, polyester fibers and antifreeze. In addition, Monoethylene Glycol is a bio-degradable compound due to which it aquatic organisms are less affected. This factor is also contributing to the growth of the market. However, the major limiting factors of the market are high prices of crude oil and regulations for environmental protection due to which there are less number of approved chemicals present in the market. Exposure to Monoethylene Glycol is very toxic for humans; ingestion of Monoethylene Glycol may severely affect kidneys, heart, central nervous systems. This factor is also hampering the growth of the market. Rising demand for non- ionic surfactant and growing textile & fiber industries are expected to create lot of opportunities for the enlargement of the market.

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KEY DELIVERABLES

Monoethylene Glycol market is segmented based on applications and geographies.

MARKET BY APPLICATIONS

-Automotive Antifreeze
-PET Resin
-Polyester Fibers
-Others

MARKET BY GEOGRAPHY

-North America
-Europe
-Asia-Pacific
-RoW