Mono Ethylene Glycol (MEG) Market Size, Share, Industry Analysis Trends, 2030

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The feedstocks used for the production of MEG are natural gas, coal, naphtha and bioethanol; hence its market is segmented into 4 types on the basis of the aforementioned sources from which it is derived. Among these, natural gas holds the major share for MEG production followed by Naphtha and Coal. Though due to rising environmental concerns to reduce the carbon footprint, the majority of the manufacturers are now focusing to shift toward the production of biobased Mono Ethylene Glycol instead of petrochemical-based MEG.