Global Ethylene Oxide Market, By Application (Glycol Ethers, Acrylonitrile, Ethoxylates, Ethanolamines, Healthcare Sterilent, and Others), End Use (Chemical Processing, Healthcare, Food and Beverages, Automotive and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ethylene Oxide Market
The ethylene oxide market is expected to be growing at a growth rate of 7.0% in the forecast period of 2021 to 2028. The ethylene oxide market report analyses the growth, which is currently being growing due to the rising scope of its application in industrial and household cleaners.
Ethylene oxide, which is also known as oxirane. Ethylene oxide is a bulk industrial chemical, and it is a colorless, flammable gas or liquid in nature. Ethylene oxide is utilized for a broad range of functions particularly in various consumer products and non-consumer chemicals and emissaries. Ethylene oxide is mainly utilized to make other chemicals for example ethylene glycol, surface active agents, ethanolamines, glycol ethers, polyols and so forth. It is being vastly utilized as a sterilant in medical devices and devices and as a fumigant in spices. The product can be utilized in several functions for instance medical devices, cosmetics, solvents, detergents, antifreeze, textiles, and food and beverages.
Factors such as the increasing demand for ethylene glycol in various functions particularly in PET resins, polyester fibers, and antifreeze for engines and so forth is one of the major factors expected to boost the growth of the ethylene oxide market in the forecast period. Spreading of the packaging industry with the increasing demand for packaged food and beverages is likely to increase the need for PET resins and growing knowledge amongst users related to plastic wastage is more likely to contribute the demand for PET resins further which in conclusion will aid in propelling the growth of the ethylene oxide market. In addition, the increasing demand for detergents, household and industrial cleaners, and laundry softeners and so forth is most likely anticipated to the growth of the ethylene oxide market at a healthy pace. Moreover, on account of fast extending healthcare industry due to the increasing of health consciousness has in turn increased the expenditure on medical devices, which is estimated to propel the growth for the ethylene oxide market in the forecast period.
Despite that, increasing toxicity of ethylene oxide and growing of health concerns are some of the the key factors estimated obstruct the growth of the ethylene oxide market. On the other hand, rising of the research and development activities to make ethylene oxide user-friendly is anticipated to invite future growth opportunities to the ethylene oxide market.
This ethylene oxide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ethylene oxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ethylene Oxide Market Scope and Market Size
The ethylene oxide market is segmented on the basis of application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on the application, ethylene oxide market is segmented into glycol ethers, acrylonitrile, ethoxylates, ethanolamines, healthcare sterilent, and others.
- Based on end use, ethylene oxide market is segmented into chemical processing, healthcare, food and beverages, automotive and others.
Ethylene Oxide Market Country Level Analysis
The ethylene oxide market is analysed and market size, volume information is provided by country, application and end use as referenced above.
The countries covered in the ethylene oxide market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ethylene oxide market due to the growing of the fast spreading industrial base and growing per capita income in advancing nations. In addition, the rising of the food and beverage industry with the growing demand for packaged beverages and food products from the young working population is one of the major factors estimated to boost the growth if the ethylene oxide market. North America is estimated to show significant amount of growth in the ethylene oxide market due to the increasing need from major end-use industries for example pharmaceuticals, food and beverage, and cosmetics and personal care. Furthermore, the increasing of cosmetics and personal care industry with an upsurge in demand for skin and hair care products is anticipated to propel the growth of ethylene oxide market in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethylene Oxide Market Share Analysis
The ethylene oxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ethylene oxide market.
The major players covered in the ethylene oxide market report 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.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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