As per this study the Global Ethylene Oxide Market was valued USD 45.6 BN (by revenue) in 2019 and is anticipated to reach USD 68.5 BN by 2026 with a CAGR of X%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Ethylene oxide is a gaseous and flammable alkylating agent. It is commonly used in hospital, dentistry, surgery, for disinfecting and sterilizing medical instrument. Ethylene oxide is also used for producing various consumer goods as well as non-consumer chemical. These consumer goods comprise of thickeners, detergents and plastics whereas non-consumer chemical includes organic chemicals like ethylene glycol. Ethylene glycol is mainly used for manufacturing polyethylene terephthalate (PET) resin and polyester fiber.
The increasing demand for PET bottles from packaging industries is driving the ethylene oxide market. Rising awareness among the consumer regarding healthier and premium beverage brands is increasing the PET bottles demand, which is further growing the market. However, the market growth is hindered by high toxic content of ethylene oxide. In spite of this, rapid industrialization and infrastructure development in economies like China, India, and Thailand and using bio-derived ethylene over petro-based ethylene for production are the opportunities that can boost the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of ethylene oxide.
The broad ethylene oxide market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End User
- Ethylene Glycol
- Glycol Ethers
- Food & Beverages
- Personal Care
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for ethylene oxide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Ethylene Oxide Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Ethylene Oxide market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.