Malaysia Ethylene Glycol Market (2020-2026) | Size, Analysis, Forecast, Trends, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Malaysia Ethylene Glycol Market

Malaysia Ethylene Glycol Market is anticipated to witness steady growth in the coming years. The market is being driven by the increasing demand for PET (polyethylene terephthalate) bottles and packaging, particularly in the food and beverage industry. Typically, Ethylene glycol is an important chemical compound used in a variety of applications which includes the automotive industry, as a raw material in the production of polyester fibers and resins, and in the manufacturing of antifreeze products. The growing use of ethylene glycol as a coolant in automobiles is further predicted to boost the demand for the ethylene glycol market in Malaysia. Moreover, the country's automotive industry is growing rapidly along with increasing sales, thus driving the demand for ethylene glycol in the country.

Ethylene glycol is used as a de-icing agent in the construction industry and the growth of the construction industry in Malaysia in the high-rise building sector is proliferating the overall demand for ethylene glycol. Furthermore, the government of Malaysia has introduced several policies to promote the growth of the chemical industry, which is projected to propel the growth of the ethylene glycol market in the country. In addition to this, the government is also focusing on infrastructure development to further contribute to fuelling demand for Malaysia Ethylene Glycol  Industry. 

Malaysia Ethylene Glycol Market  Synopsis

Malaysia Ethylene Glycol Market is expected to grow over the coming years primarily due to an increase in demand for MEG-based polyethylene terephthalate (PET). PET resin is used in the manufacturing of various products such as water bottles, carbonated drinks bottles, and food packaging. The fluctuation in crude oil prices is anticipated to be a critical challenge for the producers of ethylene glycol. However, the growing popularity of bio-based mono ethylene glycol (MEG) is likely to keep the ethylene glycol market in Malaysia on its growth trend.

According to 6Wresearch, Malaysia Ethylene Glycol Market is anticipated to register growth during 2020-2026. Malaysian government has set up a third industrial master plan for the petrochemical industry. The plan focuses on developing integrated petrochemical zones that offer centralized utilities, efficient storage services, and a comprehensive transportation network that helps reduce capital and operational costs. The development of these zones, with clusters of petrochemical plants, has resulted in a value chain that would continue to ensure the progressive development of the ethylene glycol market.

By application, the use of MEG in the manufacturing of polyester fibres is the prominent factor for the growth in the domestic ethylene glycol market. Polyester fibres are amongst the most widely used fibers domestically, accounting for a significant share of the total fibres demand. These fibres are deployed in the manufacturing of several textile products including clothing (speciality and protective apparel), home furnishings (bio-active textiles and interior textiles), industrial fabrics (filters, geotextiles, and roofing membranes), tire cord fabrics, and nonwoven fabrics. 

The Malaysia ethylene glycol market report thoroughly covers the market by product types and applications. Malaysia ethylene glycol market outlook report provides an unbiased and detailed analysis of the ongoing Malaysia ethylene glycol 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.

The Malaysia ethylene glycol market report thoroughly covers the market by product types and applications. Malaysia ethylene glycol market outlook report provides an unbiased and detailed analysis of the ongoing Malaysian ethylene glycol 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.

Malaysia ethylene glycol market is projected to register sound revenues during the forecast period 2020-26F on the back of the substantial growth of the automotive and textile industry. Additionally, the manufacturing of fibreglass at a large scale and treating rotten wooden objects against fungus are the key components in driving sales revenues for the Malaysian ethylene glycol market in the coming years. Further, rapidly increasing cosmetic users simultaneously rise in the number of cosmetics products such as cleansing and foaming surfactants which have been prepared by using ethylene glycol and are expected to leave a positive impact on the Malaysia ethylene glycol market in the coming timeframe.

Key Highlights of the Report:

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• Malaysia Ethylene Glycol Market Overview
• Malaysia Ethylene Glycol Market Outlook
• Malaysia Ethylene Glycol Market Forecast
• Historical Data of Malaysia Ethylene Glycol Market Revenues and Volume for the Period 2016-2019
• Malaysia Ethylene Glycol Market Size & Ethylene Glycol Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Malaysia Ethylene Glycol Market Revenues and Volume, By Product Types, for the Period 2016-2019
• Market Size & Forecast of Malaysia Ethylene Glycol Market Revenues and Volume, By Product Types, Until 2026
• Historical Data of Malaysia Ethylene Glycol Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of Malaysia Ethylene Glycol Market Revenues and Volume, By Applications, Until 2026
• Market Drivers and Restraints
• Malaysia Ethylene Glycol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Malaysia Ethylene Glycol Market Share, By Players
• Malaysia Ethylene Glycol Market Overview on Competitive Benchmarking
• Company Profiles

Markets Covered

The Malaysia Ethylene Glycol Market report provides a detailed analysis of the following market segments:

By Product Types

• Monoethylene Glycol
• Diethylene Glycol
• Triethylene glycol

By Applications

• Automotive Industry
• Textile Industry
• Paint Industry
• PET Industry
• Others (Paper & Pulp, Food & Beverages, Optic Fibres, etc.)