MONO-ETHYLENE GLYCOL MARKET SIZE FORECAST TO REACH US$34.9 BILLION BY 2026
Rapid Growth of the Automotive Industry Has Increased the Demand for Antifreeze and Coolants; Thereby, Fueling the Growth of Mono-ethylene Glycol Market Mono-ethylene Glycol Market size is forecast to reach US$34.9 billion by 2026, after growing at a CAGR of 4.2% during 2021-2026, owing to the increasing usage of mono-ethylene glycol in various end-use industries such as construction, automotive, textiles, cosmetics, and more. Mono-ethylene glycol is an essential raw material, for industrial applications such as for making humectants, polyester fiber, anti-freeze coolant, PET products, and more. Many advantages of ethylene glycol such as low volatility and low boiling point are also driving its demand in the market. The rapid growth of the automotive industry has increased the demand for antifreeze and coolants; thereby, fueling the market growth. Furthermore, the flourishing food and beverages, and construction industry are also expected to drive the mono-ethylene glycol i...