Global Monoethylene Glycol (MEG) Market Outlook - Demand Supply Analysis, Market Size by Application, by Region-Trends and Forecast Till 2020, New Report Launched

Lewes, DE -- (SBWIRE) -- 08/28/2015 -- Monoethylene glycol (MEG) is a colorless, virtually odorless and somewhat viscous liquid. MEG is produced from ethylene via ethylene oxide, which in turn is hydrated by using either a thermal or catalytic production process. It is an organic compound used mainly as a raw material in the manufacture of Polyethylene Terephthalate Resins (PET), polyester fibres, etc. Mono-ethylene Glycol (MEG) can be used for applications that require chemical intermediates for resins, solvent couplers, freezing point depression, solvents, humectants and chemical intermediates. Some of the factors driving the MEG market are the growing demand of polyester fibres, which are used in textile industry and PET, which are used in packaging of goods. The report covers global, regional and country markets of monoethylene glycol. It describes present situation, historical background and future forecast of monoethylene glycol.