Global Ethylene Oxide Market Forecast to 2030
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 the latest analysis by Emergen Research. Increasing usage of polyethylene terephthalate bottles and containers is a crucial factor driving revenue growth in the market.
The analysis examines the factors influencing industry growth in the worldwide Ethylene Oxide Market and provides detailed estimates regarding the growth pattern. Drivers, restraints, opportunities, threats, risks, constraints, and other characteristics of the market are some of the study's primary subjects. The study offers a comprehensive investigation of the company profiles, product portfolio, and corporate expansion strategies in addition to a full analysis of the competitive environment. The Global Ethylene Oxide Market Research Report by Emergen Research was provides comprehensive coverage of the qualitative and quantitative analyses of the Ethylene Oxide Market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.
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), are mainly used for the packaging of food and other materials and the production of plastic bottles and containers.
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https://www.emergenresearch.com/request-sample/1199Competitive Terrain:
The global Ethylene Oxide industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
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
Research Report on the Ethylene Oxide Market Addresses the Following Key Questions:
Who are the dominant players of the Ethylene Oxide market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Ethylene Oxide market?
What are the key growth drivers and restraining factors of the Ethylene Oxide market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Ethylene Oxide market and its key segments?
Market Overview:
The report bifurcates the Ethylene Oxide market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
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)
Anti-freeze 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 Landscape section of the Ethylene Oxide report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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https://www.emergenresearch.com/industry-report/ethylene-oxide-marketSome Key Highlights From the Report
The polyethylene terephthalate segment is expected to register a rapid revenue growth rate during the forecast period. Rising demand for plastic bottles and PET-based containers are key factors driving revenue growth of this segment. PET is a versatile, lightweight, transparent plastic that can be molded into any shape according to the manufacturer with a variety of colors, which has increased its demand among different end-users, including the cosmetics and food and beverages industries. Carbonated soda drinks, fruit juices, and even packaged drinking water bottles are made using PET. Personal care items such as liquid soaps, shampoos, and body oils are packaged in PET-based bottles and containers. Statistics of the 2020 Plastics Europe report suggest that use of PET increased to around 4.14 million in 2020, which was about a 3.8% increase since the previous year.
The surgical equipment sterilization segment accounted for moderate revenue share in 2021. Ethylene oxide is an alkylating agent and damages the essential macromolecules (RNA, DNA, and proteins) of microorganisms, thereby killing them, which increases its adoption in the agricultural industry. The healthcare sector, especially hospitals and other medical centers are increasingly adopting ethylene oxide as a sterilizing agent due to its antimicrobial properties. Gas sterilization using the chemical is especially effective when the devices and equipment cannot be sanitized using thermal and steam alternatives.
Ethylene oxide market in North America is expected to register a rapid revenue growth rate between 2022 and 2030. Rising number of communicable diseases, including cases of the Coronavirus disease and steady usage of the chemical in the agricultural industry in countries in the region are some of the key factors driving revenue growth of the market in North America. Statistics of the World Health Organization (WHO) report that around 86 million cases of the Coronavirus disease have been registered as of 4 July 2022, with around 1 million deaths in the U.S. Increasing prevalence of the disease has resulted in an exponential rise in use of Personal Protective Equipment (PPE) and other medical devices that require constant sterilization. Ethylene oxide has been adopted as a non-heating sterilization alternative for sanitizing PPEs and heat-sensitive medical devices.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Ethylene Oxide market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
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