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  Industry Analysis Ethylene glycol is an organic compound that is used in the production of polyester fibre as a raw material. It serves as a coolant in automobile engines. It also serves as a heat transfer agent. Furthermore, mixing ethylene glycol with water has the added benefit of preventing corrosion, acid degradation, and the growth of certain bacteria. MEG is a key raw material in the production of polyethylene terephthalate (PET). PET made from MEG is used to make bottles of drinking water, carbonated drinks, and food packaging. Data Bridge Market Research analyses that the Ethylene Glycol Market was valued at USD 29.12 billion in 2021 and is to reach an estimated value of 34.21 billion by the end of the forecast period and to grow at a CAGR of 4.14% during the forecast period and Data Bridge Market Research report on ethylene glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while ...

Industry Analysis Ethylene glycol is an organic compound that is used in the production of polyester fibre as a raw material. It serves as a coolant in automobile engines. It also serves as a heat transfer agent. Furthermore, mixing ethylene glycol with water has the added benefit of preventing corrosion, acid degradation, and the growth of certain bacteria. MEG is a key raw material in the production of polyethylene terephthalate (PET). PET made from MEG is used to make bottles of drinking water, carbonated drinks, and food packaging. Data Bridge Market Research analyses that the Ethylene Glycol Market was valued at USD 29.12 billion in 2021 and is to reach an estimated value of 34.21 billion by the end of the forecast period and to grow at a CAGR of 4.14% during the forecast period and Data Bridge Market Research report on ethylene glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providin...