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The Worldwide Monoethylene Glycol Industry is Expected to Reach Over $53 Billion by 2029 at a CAGR of 6% from 2021
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The monoethylene glycol (MEG) market is expected to reach over US$ 53.25 Bn by 2029, growing at a CAGR of 6.0% during the forecast period 2021-2029.
Monoethylene is a colorless, odorless liquid which is known as the daughter product of ethylene oxide. Diethylene oxide and triethylene dioxide are the coproducts obtained in the manufacturing process of monoethylene glycol. Monoethylene glycol is widely used in various end-user industries. The major applications of monoethylene glycol range from textile industry to packaging industry. It is used as a raw material in the manufacture of polyethylene terephthalate (PET), polyester fiber and coolant & antifreeze among others. Hence high demand is reported from various end-user industries worldwide.
Polyester Fiber Market to See Strong Expansion Through 2026 Covid-19 Analysis
Polyester Fiber Market
radoffMay 23, 2021
Stratview Research’s report on Polyester Fiber Market aims to deliver inclusive information on the market by taking into account several aspects of market research and analysis such as market size valuations, market dynamics, positioning and segmentation, competitive landscaping, and, opportunity analysis. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact books, etc.
For a more detailed breakdown of the COVID-19 impact on the Polyester Fiber Market,
The COVID-19 impact on the market
The unexpected changes in the global markets caused by the sudden outbreak of the COVID-19 virus have caused massive and significant tremors in industries of all sizes, including the Polyester Fiber Market. The steady slowdown of industries, on the other hand, would undoubtedly put a cap on the previously
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