Mono Ethylene Glycol is one of the most practical petrochemical products in the world, used widely in different industries for diverse purposes and applications.
If you are interested in knowing about the biggest producers and suppliers of Mono Ethylene Glycol, we invite you to read this article.
Mono Ethylene Glycol Suppliers
Mono Ethylene Glycol has a growing market, there are many Mono Ethylene Glycol suppliers in the world, but few of them are the biggest producers and suppliers in this market.
These are the largest players and manufacturers of the MEG in the world.
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#1. Akzo Nobel Company
Akzo Nobel Company is a Dutch multinational company headquartered in Amsterdam, Netherlands.
● This chemical company was founded in 1994, 28 years ago
● The Akzo Nobel Company is operating in more than 80 countries, has over 32k employees, with revenue of €8.53B in 2020
#2. BASF Company
BASF is the largest producer of chemical products in the world, this is a German company that is headquartered in Ludwigshafen, Germany.
● BASF was founded on 6 April 1865, 157 years ago, and is one of the oldest chemical companies in the world
● The revenue of this company is €78.6B in 2021, with a net income of €5.5B
● BASF has over 111k employees, is operating in more than 80 countries, this company 6 integrated production sites, and 390 production sites across the world
● It’s interesting to know that BASF has customers in over 190 countries of the world
#3. SABIC Company
SABIC is a Saudi Arabian chemical company, which is the second largest public company in the Middle East.
● SABIC was founded in 1976, 46 years ago, and is headquartered in Riyadh, Saudi Arabia
● The revenue of the SABIC is $31.3B in 2020, with a net income of $37M
● SABIC’s total assets are worth $80B, this company has over 32k employees, and Saudi Aramco has a 70% share of this public company
● This company has known as the second most valuable chemical company in the world by Brand Finance in 2021
#4. Shell Company
Shell is a British multinational British company headquartered in London, England.
● Shell was founded in April 1907, 115 years ago, and is among the oldest companies in the world
● The revenue of this company has been $261.5B in 2021, with a net income of $20.6B
● Shell has over 80k employees across the world with total assets of $404B as of 2021
● It’s interesting to know that Shell has a market value of $200B and is the 44th largest company in the world
#5. Dow Chemical Company
The Dow Chemical Company is an American multinational chemical company headquartered in Midland, Michigan.
● This company is the third-largest chemical company in the world
● The Dow Chemical Company was founded in 1897, 125 years ago, and one of the coldest corporations in the world
● This company has over 54k employees across the world with annual revenue of over $43B
Introducing Mono Ethylene Glycol
Mono Ethylene Glycol, known by the brief name MEG, is a sweet, toxic, and viscous liquid used widely in the petrochemical industry.
● Mono Ethylene Glycol is manufactured from the chemical reaction between ethylene oxide with water
● The highest grade of MEG is achieved, when this chemical reaction happens in natural or acid-based environments, the purity grade of MEG in this situation is above 90%
Mono Ethylene Glycol Uses & Applications
Mono Ethylene Glycol (MEG) is used widely in the petrochemical industry, here we want to introduce you to the most important uses and applications of Mono Ethylene Glycol in the world.
● Mono Ethylene Glycol is used as an intermediate product for producing different types of resins for different applications in the world
● MEG is used widely in the chemical industry as a solvent for different products and formulations
● Mono Ethylene Glycol is one of the most important substances used for the production of different types of fibers, papers, leathers, glue, and …
● MEG is also widely used as a stabilizer against gel formation, and as a coolant for automobile engines in different types
Mono Ethylene Glycol has a vast and growing market, its different applications are used in different countries of the world.
Mono Ethylene Glycol Market
In this section, we want to give you some valuable information about the Mono Ethylene Glycol market.
● The United States of America is the largest producer and consumer of Mono Ethylene Glycol in the world
● China is the second biggest producer and consumer of Mono Ethylene Glycol in the world
From the point of view of the regions, the story is somewhat different.
● Northeast Asia is the largest producer, supplier, and consumer of Mono Ethylene Glycol in the world
● China, South Korea, and Japan are leading countries in this region
Mono Ethylene Glycol (MEG) is estimated to have a $61.2B market value by 2030, the compound annual growth rate is expected to be 6.10% from 2022 to 2030.
Mono Ethylene Glycol Future
● China will be the biggest Mono Ethylene Glycol market in the world, this country has a growing economy, and the consumer market in China is growing rapidly in different areas
● Northeast Asia will lead this market in the future strongly, this region will become the most powerful economic and political region in the world in future
● The United States of America will also be a very major player in the Mono Ethylene Glycol market as this country has a growing economy and has a comprehensive plan for an infrastructure redesign
Introducing Barus Golden
Barus Golden is one of the leading suppliers of Mono Ethylene Glycol in the region, covering all countries of the world.
● Barus Golden is the marketing and sales arm of the Barus Holding Group, manufacturing different types of petrochemical products including Mono Ethylene Glycol
As the first-hand supplier of Mono Ethylene Glycol, Barus Golden uses state-of-the-art supply chain management and can source the needs of customers in different countries of the world.
For more information about Barus Golden, please refer to this website.
