The new report by Value Market Research on the Global Ethylene Oxide Market states latest estimation and projection which shows that the market was valued USD 45.6 BN (by revenue) in 2018 and has been forecast to reach USD 68.5 BN by 2025 with a CAGR of 6% during 2019 - 2025. According to this recent study, the increasing demand for ethylene oxide from the chemical industry for the production of various other chemicals especially ethylene glycol and ethoxylates are serving as a driving factor to the market. Rising application of the ethylene glycol for the manufacturing of polyethylene terephthalate (PET) resin and polyester fiber is further fueling the product demand. Increasing usage of the product as an alkylating agent across hospital and dentistry for sterilizing the surgical equipment coupled with the growing demand for thickeners, detergent, plastics, and solvents are also anticipated to enhance the market presence. Moreover, increasing demand for PET bottles from packaging industry along with the emerging trend of the packaging of food and beverage product is also expected to foster the market demand.
Ethylene oxide is a flammable colorless gas with a sweet odor and primarily used as an important ingredient in the production of other chemicals. It has major use in the production of antifreeze, polyurethane foam, textiles, medicine, detergents, solvents, adhesives, and other products. It can be also used as a pesticide and a sterilizing agent for various medical-surgical equipment and fumigating agent for spices and cosmetics. Apart from the excellent properties ethylene oxide also accounts for its cancer-causing agent. Lymphoma and leukemia are the most common cancers that are reported to be associated with the exposure to the ethylene oxide.
The report "Global Ethylene Oxide Market Report By Product (Ethylene Glycol, Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene, Others), By End-User (Automotive, Agrochemicals, Food & Beverages, Textile, Personal Care, Pharmaceuticals, Detergents, Others), And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" offer incisive insight on the market for the mentioned forecast period.
The market has been segmented on the basis of product, end-user, and region. Product segment cover ethylene glycol, ethoxylates, ethanolamines, glycol ethers, polyethylene, others. Out of which, ethylene glycol held a major share in the market owing to the rising demand for polyethylene terephthalate (PET) resin and polyester fiber. The end-user segment includes automotive, agrochemicals, food & beverages, textile, personal care, pharmaceuticals, detergents, others. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Asia-Pacific stands for the largest share in the overall market owing to developing automotive and textile industries which fuels the demand for polyester fiber. Growing packaging industry along with the expanding chemicals industry will further favor the regional market growth.
The Report Segments Global Ethylene Oxide Market -
By End User
Food & Beverages
Middle East and Africa
Players Profiled In The Report:
Dow Chemicals Company, Exxon Mobil, Shell, SINOPEC Corp., Ineos Oxide, Royal Dutch Shell, Saudi Basics Industries Corporation, LyondellBasell Industries, Honam Petrochemical Corporation, Formosa Plastic Group, Clariant AG, BASF AG, China Petroleum & Chemical Corporation, Huntsman Corporation and Akzonobel.
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