The Global Monoethylene Glycol Market was valued at USD 29.52 Billion in 2022 and is projected to reach USD 46.77 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2023–2030). This substantial growth is being driven by rising demand for polyester fibers, expanding packaging industry needs, and the increasing application of bio-based Monoethylene Glycol solutions across textiles, automotive, and chemical processing sectors.

As the global chemical industry evolves toward more sustainable and diversified production pathways, the focus remains on the key producers who are driving supply chain stability, innovation, and circular economy initiatives. In this comprehensive analysis, we profile the Top 10 Companies in the Monoethylene Glycol Industry—a mix of petrochemical giants, integrated energy companies, and regional market leaders shaping the future of this essential chemical intermediate.

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🔟 1. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Industrial Grade MEG, Fiber Grade MEG

SABIC is one of the world’s leading producers of monoethylene glycol, with extensive production facilities across the Middle East, Asia, and Europe. The company’s massive scale and integrated petrochemical operations provide it with significant cost advantages in the global MEG market.

Sustainability Initiatives:

• TRUCIRCLETM portfolio of certified renewable products

• Carbon capture and utilization technologies

• Target of carbon neutrality by 2050

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9️⃣ 2. MEGlobal

Headquarters: Dubai, United Arab Emirates
Key Offering: MEG Products, Specialty Glycols

MEGlobal operates as one of the world’s largest suppliers of monoethylene glycol and diethylene glycol. The company is a joint venture between EQUATE Petrochemical Company and Dow Chemical Company.

Sustainability Initiatives:

• Implementation of advanced process control systems

• Global distribution network spanning five continents

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8️⃣ 3. Shell Chemicals

Headquarters: The Hague, Netherlands
Key Offering: Shell MEG, Glycol Ethers

Shell maintains significant MEG production capacity in key markets, particularly in Asia and the Middle East. The company leverages its integrated energy value chain from upstream production to downstream chemicals manufacturing.

Sustainability Initiatives:

• Bio-MEG development pathways

• Low-carbon feedstock initiatives

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7️⃣ 4. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial MEG, High-Purity MEG

Dow operates world-scale MEG production facilities, with significant capacity in the U.S. Gulf Coast, Europe, and through joint ventures in the Middle East.

Sustainability Initiatives:

• Circular economy partnerships

• Renewable and recycled content targets

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6️⃣ 5. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offering: Reliance MEG, PET Resins

Reliance Industries has emerged as a major global player in MEG production, leveraging its integrated refinery and petrochemical complex in Jamnagar.

Sustainability Initiatives:

• Bio-ethylene oxide pathways for green MEG

• Target of achieving net-zero carbon status by 2035

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Monoethylene Glycol Market – View in Detailed Research Report

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: BASF MEG, Performance Chemicals

BASF maintains a strategic position in the European MEG market with production facilities in Germany and Belgium.

Sustainability Initiatives:

• Verbund integrated production system

• Carbon management roadmap

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4️⃣ 7. PTT Global Chemical (PTTGC)

Headquarters: Bangkok, Thailand
Key Offering: PTTGC MEG, Polymer Products

PTTGC is Southeast Asia’s largest integrated petrochemical and refining company with substantial MEG production capacity serving regional markets.

Sustainability Initiatives:

• Bio-circular-green economic model

• Renewable MEG development programs

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3️⃣ 8. Sibur

Headquarters: Moscow, Russia
Key Offering: Sibur MEG, Basic Polymers

Sibur operates as Russia’s largest petrochemical company with MEG production facilities at its Tobolsk and Dzerzhinsk sites.

Sustainability Initiatives:

• Greenhouse gas reduction roadmap

• Digital transformation of chemical operations

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2️⃣ 9. Lotte Chemical

Headquarters: Seoul, South Korea
Key Offering: Lotte MEG, Chemical Intermediates

Lotte Chemical has established itself as a significant MEG producer in the Asian market with manufacturing plants in South Korea, Malaysia, and Indonesia.

Sustainability Initiatives:

• Renewable chemical development initiatives

• Carbon neutrality commitments by 2050

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1️⃣ 10. ExxonMobil Chemical

Headquarters: Spring, Texas, USA
Key Offering: ExxonMobil MEG, Performance Fluids

ExxonMobil maintains substantial MEG production capacity at its integrated chemical complexes in the United States, Singapore, and China.

Sustainability Initiatives:

• Advanced recycling technologies

• Low-carbon solutions portfolio expansion

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Monoethylene Glycol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Monoethylene Glycol Market Is Sustainable and Diversified

The monoethylene glycol market is undergoing significant transformation as traditional production methods face sustainability pressures while demand continues to grow across multiple downstream industries. The industry is increasingly focused on developing bio-based production pathways and improving the environmental footprint of existing operations.

📈 Key Trends Shaping the Market:

• Shift toward bio-MEG production from sustainable feedstocks

• Growing polyester fiber demand in emerging economies

• Increased focus on circular economy principles in chemical manufacturing

• Regional capacity expansions in the Middle East and Asia Pacific

Read Full Report:
Monoethylene Glycol Market – View in Detailed Research Report

The companies profiled above represent the cornerstone of global MEG supply—driving both market stability and the transition toward more sustainable chemical production.

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