This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Monoethylene Glycol Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Monoethylene Glycol Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
- BASF SE
- Lotte Chemical Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- Nan Ya Plastics Corporation
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation
- Sinopec Zhenhai Refining Chemical Company
- The Dow Chemical Company.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Monoethylene Glycol Market value and growth drivers over the trend period of 2021-26. According to the report -
Monoethylene Glycol Market is likely to witness a CAGR of 6.5% during the forecast period. Some of the major factors contributing to the growth of the market over the forecast period are growing production of polyethylene terephthalate, rise in various industrial sectors, and increase in the demand for polyester fiber in the Asia-Pacific region.
By Application Type
Based on the application type, the market is segmented as polyester fiber, PET, antifreeze coolants, chemical intermediates, and others. Polyester fiber is estimated to account for the major share of the market on account of its utilization in myriad end-use industries such as resins, electronics, and textiles. On the other hand, PET is estimated to register high growth rate in the market due to high consumption of products in the packaging industry.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period on account of rising per capita income, growing textile sector, and presence of some of the major manufacturers in the regional market. North America and Europe are also estimated to offer substantial growth opportunities over the forecast period.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China Japan
Impact of COVID-19 on the Global Market
The Monoethylene Glycol report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, MAs, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends Key success factors
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