Results for tag: "Monoethylene Glycol"

The Monoethylene Glycol (MEG) market is a segment of the chemicals industry. It is a colorless, odorless, and sweet-tasting liquid that is used in a variety of applications, including antifreeze, coolants, and solvents. It is also used in the production of polyester fibers, polyethylene terephthalate (PET) resins, and polyurethane foams. MEG is produced from ethylene oxide, which is derived from ethylene, a by-product of the oil and gas industry. The demand for MEG is driven by the growth of the automotive, construction, and packaging industries. The MEG market is highly competitive, with a number of large and small players. Major players include BASF, Dow Chemical, ExxonMobil, LyondellBasell, and SABIC. Other companies in the market include Eastman Chemical, Huntsman, INEOS, Mitsubishi Chemical, and Shell. Show Less Read more