Mirror Coatings Market Size and Competitive Analysis Report 2025

1. Market overview: The global monoethylene glycol (MEG) market is expected to increase with 6.1% CAGR during the forecast period from 2020 to 2025. Monoethylene glycol (MEG) is used in intermediate chemicals for wetting agents, intermediate compounds, freezing point drops, solvents, resins and solvent couplers. These applications are considered essential for the manufacture of various products such as automotive refrigerants and antifreeze, ice-making solutions, asphalt emulsions and latex paints, heat transfer fluids, resins, leather and paper and electrolytic capacitors. Recent developments: In November 2017, Braskem partnered with Haldor Topsoe for the development of biologically based MEG. The pilot plant is expected to be built in Denmark, which will begin operation in 2020. Market Drivers and Restraints: The global MEG market is expected to grow significantly during the forecast period due to its widespread application in many end-use industries, including consumer goods, construction, automotive, pharmaceutical, textile and chemical processes. As the demand for polyester fibres in the global textile industry increases, MEG production is expected to increase, becoming the main driver of market growth. The increase in coverage of polyethylene terephthalate (PET) in numerous consumer products, such as food containers and bottles, is expected to increase the demand for MEG over the next seven years. In emerging economies, including China, India, Brazil and Mexico, rapid urbanization and changes in consumer lifestyle are driving the packaging industry, which is expected to stimulate the MEG market during the forecast period. However, the costly alternative threats associated with the purification of ethylene glycol due to by-products of greater glycol such as DEG and TEG will challenge the MEG market for the next seven years. To know more read: https://www.marketdataforecast.com/market-reports/mirror-coatings-market Report Segmented as: The MEG market is classified according to its application to polyester, PET, antifreeze and refrigerant resins, intermediate chemicals and heat transfer fluids. Together with PET, polyester resins were the most critical applications, representing more than half of the world's most substantial consumption. Polyester resins are expected to grow faster during the forecast period due to the rapid growth of the textile industry in China and India. Geographical Segmentation: The Asia-Pacific was the leading region that accounted for almost half of world consumption due to rapid growth in numerous end-use industries, including consumer goods, textiles and automobiles in China, India and Korea. Latin America is expected to have strong growth prospects in the next seven years due to the rapid industrialization of Brazil and Mexico. North America and Europe are expected to show moderate growth rates due to the gradual recovery of the economic slowdown.

2. Key market players: Key market participants include Dow Chemical Company, LyondellBasell, MEGlobal, ExxonMobil Corporation, SABIC, AkzoNobel, Honam Petrochemical Corporation and Formosa Plastic Group. View sample and decide: https://www.marketdataforecast.com/market-reports/mirror-coatings-market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/