According to Federal Register (United States), “regulation establishes an exemption from the requirement of a tolerance for residues of diethylene glycol mono butyl ether (CAS Reg. No. 112-34-5) when used as a pesticide inert ingredient as a solvent, stabilizer and/or antifreeze within pesticide formulations/products without limitation under 40 CFR 180.920H”. Hence, it may acts as hamper for market growth.
The article cited AMA's "Global Mono Ethylene Glycol Market Study" explored substantial growth of 5.2%. According to the report, Technology Advancement in Monoethylene Glycol is one of the primary growth factors for the market. Rising Demand for MEG in Antifreeze and Coolant Application
is also expected to contribute significantly to the Mono Ethylene Glycol market. Overall, Polyester Resins
applications of Mono Ethylene Glycol, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-Use Industries, such as Packaging, is boosting the Mono Ethylene Glycol market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology, such as Naphtha-Based, is boosting the Mono Ethylene Glycol market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Mono Ethylene Glycol market identified that the demand is rising in many different parts of the world as "High Potential for the Development of Bio-Based MEG
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Mono Ethylene Glycol market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mono Ethylene Glycol market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Mono Ethylene Glycol market size is calculated using market estimation process, the Mono Ethylene Glycol market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mono Ethylene Glycol market size has been validated using both top-down and bottom-up approaches.