The Global Ethylene Oxide Market size reached USD 31.09 Billion in 2021 and is expected to register a revenue CAGR of 3.54% during the forecast period, according to a latest analysis by Emergen Research. Increasing usage of polyethylene terephthalate bottles and containers is a crucial factor driving revenue growth of the market.
Ethylene oxide is a versatile, flammable, chemical compound that has a wide range of applications across different end-users. One of the key applications of the chemical is in the production of ethylene glycol, which is extensively used as an automotive coolant, as well as a temperature maintaining fluid in various industries. Other derivatives of the chemical, such as polyethylene terephthalate (PET) is majorly used for packaging of food and other materials, and production of plastic bottles and containers. Ethylene oxide is a pesticide and antimicrobial agent, approved by the U.S. Environmental Protection Agency (EPA), which increases its adoption in the agricultural industry as a fumigant. Antimicrobial properties of the chemical have also made it a suitable sterilizing agent for medical equipment and heat-sensitive medical devices, which is expected to increase demand for ethylene oxide over the coming years.
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Key Points of Ethylene Oxide Market:
· Extensive coverage of the analysis of the Ethylene Oxide market
· Key insights into the regional spread of the industry in key geographies
· Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
· Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Ethylene Oxide market
· Complete data about the key manufacturers and vendors in the Ethylene Oxide market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Ethylene Oxide products is expected to drive the demand for Ethylene Oxide, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
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- Derivatives Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Ethylene Glycols
- Monoethylene Glycol
- Diethylene Glycol
- Triethylene Glycol
- Polyethylene Glycol
- Ethoxylates
- Glycol Ethers
- Polyethylene Terephthalate
- Ethanoamines
- Others
- Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Antifreeze Production
- Detergents
- Surgical Equipment Sterilization
- Plastic Production
- Medicines
- Textiles
- Disinfection and Pest Control
- Others
- End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Pharmaceutical Industry
- Food Industry
- Automotive Industry
- Plastic Industry
- Hospitals and Medical Centers
- Textile Industry
Regional Analysis:
The report sheds light on the region expected to dominate the Ethylene Oxide market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Ethylene Oxide market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
BASF SE, the Dow Chemical Company, China Petrochemical Corporation, Clariant AG, Tokyo Chemical Industry, Shell plc, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Linde plc, and Eastman Chemical Company, Others
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