Q. What is the growth rate of the monoethylene glycol market?

What is the growth rate of the monoethylene glycol market?

The monoethylene glycol market size was valued at USD 26.69 Billion in 2021 and is likely to grow at a CAGR of 6.12% during 2022-2028 to reach USD 40.8 Billion in 2028.

Market Drivers
Some of the major factors contributing to the growth of the market over the forecast period are

Growing production of polyethylene terephthalate,
A rise in various industrial sectors,
Increase in the demand for polyester fiber in the Asia-Pacific region.

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Jan, 2023

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