Monoethylene Glycol (MEG) prices down in Mumbai market (Business Opportunities - Advertising Service)
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Monoethylene Glycol (MEG) prices down in Mumbai market | |
Indian Petrochem analysts reported a significant cut in Monoethylene Glycol (MEG) (Domestic intact) prices in the Mumbai market on Oct 8, 2025 The commodity eased from Rs.59/kg assessed on Oct 8, 2025 to Rs.58/kg, today marking a Rs.1/kg decline. Monoethylene glycol (MEG) is primarily made from ethylene, which is converted to ethylene oxide and then hydrated to produce MEG. It is a key raw material for producing polyester fibers, such as polyethylene terephthalate (PET), and is used in antifreeze and coolants due to its ability to lower freezing points and raise boiling points. MEG also serves as a raw material for resins, coatings, and adhesives, and acts as a solvent and humectant in other applications. Monoethylene glycol (MEG) is primarily used in the production of polyester fibers and polyethylene terephthalate (PET) for clothing and packaging, as well as in antifreeze and de-icing fluids for vehicles and aircraft due to its ability to lower the freezing point of water. It also serves as a desiccant for dehydrating natural gas, a heat transfer fluid in cooling and air conditioning systems, and a chemical intermediate for various other products including inks, <resins, and <lubricants. The compound annual growth rate (CAGR) for the monoethylene glycol (MEG) market varies by source and forecast period, with recent estimates ranging from 3.5% to over 6%, for example, one report cites a CAGR of 3.5% from 2023-2033, while another projects 5.96% from 2025-2032. These variations are due to different methodologies, forecast periods, and global economic factors influencing the market, which is primarily driven by demand in the textile and PET packaging industries. #MEGpricesinIndia #IndianMEGprices #IndianPricesMEG #IndianPetrochem | |
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| Target State: All States Target City : Delhi Last Update : Oct 08, 2025 10:31 AM Number of Views: 17 | Item Owner : Indianpetrochem Contact Email: Contact Phone: (None) |
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2025-10-08 (0.386 sec)