Global monoethylene glycol (MEG) production is likely cross 28.74 mln tons by 2017. In 2011, the world production of MEG grew by over 1 mln tons, crossing the 20.65 mln ton mark, as per Merchant Research & Consulting. In the same year, Asia accounted for more than 44% of the world's total MEG production volume. It was followed by the Middle East with a market share of over 32%. Saudi Arabia was the dominant MEG producing country in the world; it accounted for 24.12% of the world's total MEG production in 2011. Other top MEG producing countries included China, Taiwan, the USA and Canada. Shell, SINOPEK, Nan Ya Plastics Corp, Honam Petrochemical Corp, Reliance Industries, MEGlobal, BASF and Rabigh Refining and Petrochemical Co are among the dominant companies in the world MEG market. The worldwide MEG production volume is poised for healthy growth in the years ahead, driven by the increasing overall demand and also new capacity additions worldwide.
17-Jun-14 
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