MEG demand in India stood at 2,506
thousand tonnes in 2018 and is projected to grow at a CAGR of 6.14% during 2019-2030
to reach 5,025 thousand tonnes by 2030. MEG is widely used in the manufacturing
of plastics and as coolants and heat transfer agents in automotive industry. Growth
in plastics and textile industries coupled with increasing use of resins,
solvent couplers, coolants and heat transfer agents in various end use
industries such as food & beverages, electronics, apparel, home textiles,
carpets and industrial fiber products are anticipated to spur the demand for MEG
during the forecast period of 2019-2030. Additionally, introduction of green
MEG, a new concept, is likely to have a positive impact on the demand for MEG
in the country in coming years.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
primary objective of the study was to evaluate and forecast MEG capacity,
production, demand, inventory, and demand – supply gap in India.
categorize MEG demand based on end use, sales channel
- To study
trade dynamics and company share in India MEG market.
identify major customers of MEG in India.
evaluate and forecast MEG pricing in India.
identify and profile major companies operating in India
- To identify major developments, deals and
expansion plans in India MEG market.
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In this report, India MEG market has been segmented into
Some of the major players operating in India MEG
market are Reliance Industries Limited, Indian Oil Corporation Limited, India
Glycols Limited, Equate Petrochemical Company K.S.C.C., Saudi Basic Industries
To extract data for India MEG
market, primary research surveys were conducted with MEG manufacturers, suppliers,
distributors, wholesalers and end users. While interviewing, the respondents
were also inquired about their competitors. Through this technique, TechSci
Research was able to include manufacturers that could not be identified due to
the limitations of secondary research. Moreover, TechSci Research analyzed
various end user segments and projected a positive outlook for India MEG market
over the coming years.
TechSci Research calculated India
MEG demand by analyzing the historical data and demand forecast was carried out
considering the growth of end use industries. TechSci Research sourced these
values from industry experts and company representatives and externally
validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports, annual
reports, etc. were also used by TechSci Research.
- MEG manufacturers and other stakeholders
- Organizations, forums and alliances related to
- Government bodies such as regulating authorities
and policy makers
- Market research organizations and consulting
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders, such as MEG manufacturers, distributors
and policymakers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
With the given
market data, TechSci Research offers customizations according to a company’s
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