Market Forecast By Types (Monoethylene glycol (MEG), Diethylene glycol (DEG), Triethylene glycol (TEG)), By Manufacturing Process (From ethylene oxide, From coal, From renewable resources), By Applications (Polyester fiber and films, PET, Antifreeze and coolant & Others), By Counties(UAE, Saudi Arabia, Turkey, Qatar, Oman, Bahrain, South Africa, Egypt, Nigeria, Kuwait & Rest of the Middle East and Africa) and Competitive Landscape.
Product Code: ETC001226 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East And Africa Ethylene Glycol market Report thoroughly covers the market by types, applications, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Ethylene glycol is an organic compound that is extensively utilized as an industrial raw material and solvent. It is generated through the hydration of ethylene oxide, which can be obtained from petrochemical sources or renewable resources such as corn or sugarcane. The production of polyester fibers, which are used in apparel, upholstery, and other textiles, uses ethylene glycol as a raw material, which drives the demand for ethylene glycol in the Middle East and Africa.
According to 6Wresearch, Middle East And Africa Ethylene Glycol Report size is expected to grow at a significant CAGR of 5.2% during 2024-2030. The growth in the Middle East and Africa ethylene glycol market can be attributed to several factors, including rising investments in infrastructure, increased consumer goods demand, and heightened awareness of sustainable manufacturing practices. Key growth drivers include the surging need for PET bottles and packaging materials, alongside the expanding automotive industry. Additionally, government initiatives aimed at fostering economic growth and attracting foreign investment are expected to further boost the market. However, the market may face challenges such as fluctuating crude oil prices and stringent environmental regulations affecting ethylene glycol production.
SABIC (Saudi Arabia Basic Industries Corporation), Equate Petrochemical Company (Kuwait), SASA Polyester Sanayi A.S. (Turkey), Alujain Corporation (Saudi Arabia), and Al-Waha Petrochemical Company (Saudi Arabia) are a few prominent companies in the ethylene glycol industry in the Middle East and Africa. These businesses are increasing their production capabilities to keep up with the rising demand for ethylene glycol and are also investing in R&D to streamline manufacturing procedures and cut expenses.
The Middle East and Africa region's governments have put into effect a variety of initiatives and regulations that encourage economic expansion and promote investment in the petrochemical sector. For instance, by supporting regional manufacturing sectors like petrochemicals, Saudi Arabia's National Industrial Development and Logistics Program seeks to diversify the nation's economy. Furthermore, a lot of nations have put laws in place governing environmentally friendly practices in sectors like textiles, which use a lot of ethylene glycol. Ethylene glycol made from renewable resources is predicted to be used more frequently as a result of these rules, which are predicted to raise demand for environmentally friendly production methods and materials.
The future of the Middle East and Africa ethylene glycol market is highly positive, driven by escalating investments in infrastructure development and a stronger emphasis on sustainable manufacturing practices. The growing demand for PET bottles and packaging materials is anticipated to fuel further market expansion. Additionally, ongoing research and development efforts by leading industry players are expected to lead to more efficient production methods, which will lower costs and support continued growth. These factors combined with a focus on innovation and sustainability are likely to significantly boost the market in the coming years.
The Middle East and Africa Ethylene Glycol Market is projected to have significant growth in Monoethylene Glycol (MEG). MEG is an important raw chemical used in many different sectors, including solvents, polyester fibers, resins, and antifreeze.
According to Dhaval, Research Manager, 6Wresearch, the ethylene glycol market in the Middle East and Africa is experiencing a growth in the segment that comes from renewable resources. Ethylene glycol is produced using this process by using renewable feedstocks like corn, wheat, or sugarcane. It has become more well-liked because of growing environmental concerns and is thought to be a more sustainable option than conventional ways.
In the Middle East and Africa ethylene glycol market, the polyester fiber and films category is anticipated to have the biggest market share. This is related to the rising demand for polyester fibers, which are utilized in PET bottles and packaging materials in addition to apparel, furniture, and other textiles.
Saudi Arabia is currently expanding more quickly. The nation is one of the top producers of ethylene glycol in the region and has a significant presence in the petrochemical sector. This is explained by the region's enormous natural gas reserves, which are essential for making ethylene glycol.
The Middle East and Africa Ethylene Glycol Market report provides a detailed analysis of the following market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Middle East & Africa Ethylene Glycol Market Overview |
3.1 Middle East & Africa Ethylene Glycol Market Revenues, 2020-2030F |
3.2 Middle East & Africa Ethylene Glycol Market Revenue Share, By Types, 2020 & 2030F |
3.3 Middle East & Africa Ethylene Glycol Market Revenue Share, By Manufacturing Process, 2020 & 2030F |
3.4 Middle East & Africa Ethylene Glycol Market Revenue Share, By Applications, 2020 & 2030F |
3.5 Middle East & Africa Ethylene Glycol Market Revenue Share, By Regions, 2020 & 2030F |
3.6 Middle East & Africa Ethylene Glycol Market Industry Life Cycle |
3.7 Middle East & Africa Ethylene Glycol Market - Porter’s Five Forces, 2030 |
4. Middle East & Africa Ethylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Drivers |
4.3 Restraints |
5. Middle East & Africa Ethylene Glycol Market Trends |
6. Middle East & Africa Ethylene Glycol Market Overview, By Applications |
6.1 Middle East & Africa Ethylene Glycol Market Revenues, By Polyester fiber and films, 2020-2030F |
6.2 Middle East & Africa Ethylene Glycol Market Revenues, By PET, 2020-2030F |
6.3 Middle East & Africa Ethylene Glycol Market Revenues, By Antifreeze and Coolants, 2020-2030F |
6.4 Middle East & Africa Ethylene Glycol Market Revenues, By Others, 2020-2030F |
7. Middle East & Africa Ethylene Glycol Market Overview, By Types |
7.1 Middle East & Africa Ethylene Glycol Market Revenues, By Monoethylene Glycol (MEG), 2020-2030F |
7.2 Middle East & Africa Ethylene Glycol Market Revenues, By Diethylene Glycol (DEG), 2020-2030F |
7.3 Middle East & Africa Ethylene Glycol Market Revenues, By Triethylene Glycol (TEG), 2020-2030F |
8. Middle East & Africa Ethylene Glycol Market Overview, By Manufacturing Process |
8.1 Middle East & Africa Ethylene Glycol Market Revenues, By Ethylene Oxide, 2020-2030F |
8.2 Middle East & Africa Ethylene Glycol Market Revenues, By Coal, 2020-2030F |
8.3 Middle East & Africa Ethylene Glycol Market Revenues, By Renewable Resources, 2020-2030F |
9. Turkey Ethylene Glycol Market Overview |
9.1 Turkey Ethylene Glycol Market Revenues, 2020-2030F |
9.2 Turkey Ethylene Glycol Market Revenues, By Types, 2020-2030F |
9.3 Turkey Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
9.4 Turkey Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
10. Saudi Arabia Ethylene Glycol Market Overview |
10.1 Saudi Arabia Ethylene Glycol Market Revenues, 2020-2030F |
10.2 Saudi Arabia Ethylene Glycol Market Revenues, By Types, 2020-2030F |
10.3 Saudi Arabia Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
10.4 Saudi Arabia Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
11. UAE Ethylene Glycol Market Overview |
11.1 UAE Ethylene Glycol Market Revenues, 2020-2030F |
11.2 UAE Ethylene Glycol Market Revenues, By Types, 2020-2030F |
11.3 UAE Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
11.4 UAE Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
12. Qatar Ethylene Glycol Market Overview |
12.1 Qatar Ethylene Glycol Market Revenues, 2020-2030F |
12.2 Qatar Ethylene Glycol Market Revenues, By Types, 2020-2030F |
12.3 Qatar Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
12.4 Qatar Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
13. Oman Ethylene Glycol Market Overview |
13.1 Oman Ethylene Glycol Market Revenues, 2020-2030F |
13.2 Oman Ethylene Glycol Market Revenues, By Types, 2020-2030F |
13.3 Oman Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
13.4 Oman Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
14. Bahrain Ethylene Glycol Market Overview |
14.1 Bahrain Ethylene Glycol Market Revenues, 2020-2030F |
14.2 Bahrain Ethylene Glycol Market Revenues, By Types, 2020-2030F |
14.3 Bahrain Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
14.4 Bahrain Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
15. Kuwait Ethylene Glycol Market Overview |
15.1 Kuwait Ethylene Glycol Market Revenues, 2020-2030F |
15.2 Kuwait Ethylene Glycol Market Revenues, By Types, 2020-2030F |
15.3 Kuwait Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
15.4 Kuwait Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
16. South Africa Ethylene Glycol Market Overview |
16.1 South Africa Ethylene Glycol Market Revenues, 2020-2030F |
16.2 South Africa Ethylene Glycol Market Revenues, By Types, 2020-2030F |
16.3 South Africa Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
16.4 South Africa Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
17. Nigeria Ethylene Glycol Market Overview |
17.1 Nigeria Ethylene Glycol Market Revenues, 2020-2030F |
17.2 Nigeria Ethylene Glycol Market Revenues, By Types, 2020-2030F |
17.3 Nigeria Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
17.4 Nigeria Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
18. Egypt Ethylene Glycol Market Overview |
18.1 Egypt Ethylene Glycol Market Revenues, 2020-2030F |
18.2 Egypt Ethylene Glycol Market Revenues, By Types, 2020-2030F |
18.3 Egypt Ethylene Glycol Market Revenues, By Manufacturing Process, 2020-2030F |
18.4 Egypt Ethylene Glycol Market Revenues, By Applications, 2020-2030F |
19. Rest of Middle East & Africa Ethylene Glycol Market Overview |
19.1 Rest of Middle East & Africa Ethylene Glycol Market Revenues, 2020-2030F |
20. Middle East & Africa Ethylene Glycol Market - Key Performance Indicators |
21. Middle East & Africa Ethylene Glycol Market Opportunity Assessment |
21.1. Middle East & Africa Ethylene Glycol Market Opportunity Assessment, By Applications, 2030F |
21.2. Middle East & Africa Ethylene Glycol Market Opportunity Assessment, By Countries, 2030F |
22. Middle East & Africa Ethylene Glycol Market Competitive Landscape |
22.1. Middle East & Africa Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.1. Saudi Arabia Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.2. UAE Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.3. Qatar Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.4. Kuwait Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.5. South Africa Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.6. Egypt Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.7. Turkey Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.1.8. Nigeria Ethylene Glycol Market Revenue Share, By Companies, 2023 |
22.2. Middle East & Africa Ethylene Glycol Market Competitive Benchmarking, By Operating Parameters |
23. Company Profiles |
24. Strategic Recommendations |
25. Disclaimer |