Global Ethylene Oxide Market By Product (Ethylene Glycol, Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol, Ethoxylates, Ethanolamines, Polyethene Glycol Ethers, Polyalkylene Glycols), End- User (Automotive, Agrochemical, Food & Beverages, Textile, Personal Care, Pharmaceutical, Detergents), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Ethylene Oxide Market
Global Ethylene Oxide Market is estimated to grow with a stable CAGR of 5.92% in the forecast period of 2019-2026. Increase in the demand of PET is the major factor for the growth of this market.
Market Definition: Global Ethylene Oxide Market
Ethylene oxide or oxirane is an organic compound. It is a flammable gas and colourless. They are bactericidal, fungicidal and sporicidal disinfectant and are effective against micro- organisms. They usually have sweet ether like smell. In food and textiles they are used as a fumigant. They are mainly used to make consumer products and non- consumer chemical intermediates. They are also used as the raw materials for PET resins which are used for the manufacturing of bottles and container and polyester fiber.
- Increasing usage of ethylene oxide in healthcare devices is driving market
- Increasing demand of ethylene oxide in agricultural products as fumigants is driving market
- Its flammable nature at room temperature is restraining the market
- Its hazardous effect on eyes and skin is restraining the market
Segmentation: Global Ethylene Oxide Market
- By Product
- Ethylene Glycols
- Monoethylene Glycol
- Diethylene Glycol
- Triethylene Glycol
- Polyalkylene Glycols
- By End- User
- Food & Beverages
- Personal Care
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In July 2017, Pemex Etileno subsidiary of Petroleos Mexicanos considered an E-auction to adjudicate quantities of ethylene oxide in which 10 companies participated.
- In April 2018, Croda announce the launch of their 100% bio-based ethylene oxide plant in New Castle in which two- third of the material will be derived from the natural resources.
Global ethylene oxide market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ethylene oxide market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in ethylene oxide market are Al SABIC, BASF SE, Formosa Plastics Corporation, Huntsman International LLC., India Glycol Limited, Indian Oil Corporation Ltd, Indorama Ventures Public Company Limited, INEOS, KAZANORGSINTEZ, LyondellBasell Industries Holdings B.V., Nippon Shokubai Co., Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Limited, Shell Global.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved