According to ChemAnalyst report, “Global Ethylene Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The global Ethylene Oxide market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 4.07% during the forecast period until 2032. The rising demand from Ethylene Glycol, Surface Active Agent, and Ethanolamines end-use industries, is expected to boost the demand for the Ethylene Oxide market in the forecast period.
Ethylene Oxide (C2H4O) is the simplest epoxide that consists of one oxygen atom and two carbon atoms. It appears as a colorless, soluble, flammable, and highly reactive gas with a sweet odor. The large-scale Industrial production of ethylene oxide is done by the direct oxidation of Ethylene over suitable catalysts at a temperature of around 200°C to 300°C. Ethylene Oxide is a versatile chemical in the chemicals industry as it is used as a chemical intermediate to produce several other chemicals. It is a gaseous, flammable alkylating agent. Ethylene oxide is often used in hospitals, dental offices, and operating rooms to clean and sterilise medical equipment. Additionally, it is used to produce a variety of consumer items and non-consumer chemicals. The consumer goods include thickeners, detergents, polymers, and solvents. As a result, the product’s numerous uses and appealing qualities are anticipated to support market expansion.
Read the full report here: https://www.chemanalyst.com/industry-report/ethylene-oxide-market-645
Ethylene Oxide is mostly used as a chemical intermediate to synthesize glycol ethers, acrylonitrile, ethoxylates, ethylene glycol, and polyether polyols, which are employed in various downstream industries. Increasing demand for these derivatives by the end-user industries is driving the overall market across the globe. The Ethylene Glycol segment dominates the market globally owing to its high usage in the automotive, packaging, and pharmaceutical industries. Ethylene Glycol is widely utilized for the production of polyester fibers, polyethylene terephthalate (PET) resins, and automotive antifreeze. Additionally, with the rising population especially in emerging countries, the demand for personal and healthcare products is rapidly increasing which is propelling the demand for Ethylene Oxide and is expected to boost the market in upcoming years.
The global Ethylene Oxide market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Ethylene Oxide market is segregated into Ethylene Glycol, Surface Active Agent, Ethanolamines, and Others. The Ethylene Glycol industry is the major end-use and consumed roughly 70% of the net ethylene oxide market in 2022. In the production of ethylene glycol (antifreeze), fibers, detergents, polyurethane foam, solvents, medications, adhesives, and other goods, ethylene oxide is mostly employed as a chemical intermediate. Additionally, Ethylene oxide is used as a sterilizing agent and a pesticide in smaller quantities.
Regionally, the Asia Pacific region is dominating the Ethylene Oxide market. This region held a market share of approximately 50% in 2022. Europe is the second largest consumer of Ethylene Oxide followed by North America. With the growing demand for PET bottles, packaging materials, and antifreeze in vehicles, the demand for ethylene glycol (a derivative of ethylene oxide) will most likely rise, which is considered to bolster the demand for ethylene oxide in the forecast period. The requirement for PET resins is projected to increase as the packaging sector expands due to the rising demand for packaged foods and beverages. Rapidly growing demand for Ethylene Oxide from the major end-use industries including personal care, cosmetics, food and beverages, textile, and others is likely to boost the Ethylene Oxide market in the Asia Pacific region.
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“Global Ethylene Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” Major players in the production of Global Ethylene Oxide are Sinopec, BASF, Shell, Dow Chemical, Ningbo Henyuan, Nippon Shokubai Co., Ltd., Reliance Industries Limited, SINOPEC SABIC (TIANJIN) Petrochemical Company Limited, Maruzen Petrochemical Co., Ltd., PTT Global Chemical, Saudi Kayan Petrochemical Company, Nizhnekamskneftekhim, Indorama Ventures Public Company Limited, Sasol Limited, and Others.
“Growing demand for Ethylene Oxide by the chemical sector to produce various chemicals such as Ethylene Glycol and Ethanolamines is likely to boost the Ethylene Oxide market across the globe in upcoming years. Increasing demand for Ethylene Oxide by the medical industry to sterilize medical tools and equipment is driving the Ethylene Oxide market. Among all the regions, Asia Pacific region is the major consumer of Ethylene Oxide and its derived chemicals. Rising demand for PET resins and personal care products in the Asia Pacific region is expected to propel the Ethylene Oxide market in the forthcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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