Monoethylene glycol is commonly
referred as ethylene glycon or MEG and is a colorless odorless liquid. It
accounts for the largest share by volume demand among all ethylene glycol. It
is hygroscopic and miscible in water in different proportions. The flash point
of the liquid is at 111°C, while its boiling point and freezing points are
197°C and -13°C, respectively. Ethylene glycol is manufactured from ethylene
through ethylene oxide which is the intermediate. Ethylene oxide reacts with
water to obtain ethylene glycol. It is generally available in different grades
such as polyester grade, high purity grade, antifreeze grade and industrial
grade.
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Monoethylene glycol is an organic
compound which has wide applications. The chemical is used as a raw material
in the production of polyester fibers. It is also used in the production of
polyethylene terephthalate resins, which is used in the bottling industry. It
is used as a dewatering agent in the natural gas industry in order to
eliminate water vapor from natural gas before further processing. Apart from
these, it is used in anti freeze and coolant materials, as a heat transfer
fluid and as chemical intermediates. It is also used as a humecant in the
manufacturing of textile fibers, glues, adhesives, leather, and paper. In the
deep sea, pipes carrying natural gas are exposed to extreme cold temperature
and a possibility of salt water corrosion.
Monoethylene glycol is introduced
in the pipe lines so that it acts as an anti-freeze and anti-corrosion agent.
Apart from these mainstream applications of monoethylene glycol, the chemical
has several niche uses such as in the production of tobacco and tobacco
products including additives, humecants, filters, paper and ink; fire
extinguisher sprinkler system; as an ingredient in fuel used to warm food;
manufacturing of munitions; as a deodorizer and air purifier by spraying as
aerosol; in the production of deicers used on roads, pavements and aircraft
lavatories. It is also used as a direct component in food, beverages,
cosmetics and medicines made for human consumption and as a fluid for pressure
testing of pipelines.
One of the major factors driving
the growth in this market is the demand generated from fabric industry and PET
bottle manufacturers. Majority of the industrial production of monoethylene
glycol is consumed in these applications and the demand is expected to rise in
the near future owing to high growth potential in beverage market as well as
the fabric market across the globe. The maximum demand is expected to be
generated from Asia Pacific due to the presence of manufacturing economies
such as China, India and Indonesia. Another major application of the compound
is as a medium of convective heat transfer. It is widely used in automobiles,
liquid cooled computers and electronics, and geothermal heat pumps.
The compound is moderately toxic
for human beings. However, ingestion of monoethylene glycol turns it to oxalic
acid, which is very toxic and affects the central nervous system, heart and
kidneys fatally if not treated quickly. The compound has not been listed as a
carcinogen, but it causes throat and eye irritation on prolonged exposure to
high aerosol concentrated atmosphere. Ethylene glycol is bio-degradable and
causes little harm to aquatic organisms.
Some of the major companies who are
involved in the manufacturing of monoethylene glycol are The Dow Chemical
Company, Shell Global, Reliance Industries Ltd., LyondellBasell, India Glycols
Ltd and Chemtex Specialty Limited among many others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis
of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of recent
developments in technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review of micro
and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed
business decisions by having complete insights of market and by making
in-depth analysis of market segments
- It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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