360 MARKET UPDATES Report provides a 360-degree overview of the global Ethylene Oxide Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Ethylene Oxide Market – Segmented by Product, End-User Industry and Geography – Growth, Trends and Forecast (2018 – 2023)”
Global “Ethylene Oxide Market” is expected to register a CAGR of approximately 5.8% during the forecast period of (2018 – 2023). Also, Ethylene Oxide Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Ethylene Oxide Analysis.
Ethylene Oxide market Report provides a 360-degree overview of the global Ethylene Oxide market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Ethylene Oxide Market Report Covers Leading Manufacturers: Al-Jubail Petrochemical Company, BASF SE, Eastern Petrochemical Company (SHARQ), Formosa Plastics, Huntsman Corporation, India Glycol Limited, Indian Oil, Indorama Ventures Public Company Limited., Ineos, Kazanorgsintez, LyondellBasell, Nippon Shokubai, Oriental Union Chemical Corporation, PTT Global Chemical, Reliance Industries Limited, Sasol, Shell Global, Sinopec, The Dow Chemical Company, Yansab
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The global ethylene oxide market is expected to witness a CAGR of approximately 5.8% during the forecast period (2018 – 2023). The major factor driving the market is the growing demand for ethylene oxide from PET bottles. Ethylene oxide is produced by the catalytic oxidation of ethylene and is used as a chemical intermediate. Ethylene oxide and its derivatives are required to produce a variety of everyday products, including plastics, household cleaners, polyurethanes, and ointments.
Growing Demand for PET Resin
The consumption of Polyethylene Terephthalate (PET) resin has increased at a rapid pace over the past few years. There has been a significant rise in the demand for PET in the developing countries, like Brazil, Russia, India, China, and South Africa. PET resins demand has been at a rise owing to its increasing preference as packaging materials in food & beverages items. It offers properties such as 100% recyclability, rigidity & transparency, and eco-friendly nature. This has significantly benefitted the market for ethylene oxide as it is required in the manufacturing of PET. Hence, with the growing PET demand, the market ethylene oxide is likely to grow.
Ethylene Glycol Expected to Have Largest Market Share
Ethylene glycol is expected to be the largest consumer for ethylene oxide during the forecast period. Monoethylene glycol (MEG) is used extensively in the textile industry to manufacture plastics, household cleaners, polyurethanes, and ointments. MEG is also required in the automobile industry as an antifreeze and cooling agent. Most of the ethylene glycol produced is required for the production of PET bottles, PET resin containers, polyester resin films, polyurethanes, and plasticizers. Diethylene glycols (DEG) and triethylene glycols (TEG) are expected to witness a rise owing to its use in lubricants, lacquers, solvents, gas drying, pharmaceutical preparations, humectants, latex surface coatings, and cosmetics.
Asia-Pacific Dominates the Market
Asia-Pacific is expected to have the largest global market share for ethylene oxide during the forecast period. This is majorly due to the rising demand form the end-user industries in the developing economies, such as China, India, Indonesia, and Malaysia. The demand has witnessed a rise from several sectors, including packaging, films, textile fibers, and soaps & detergents. Hence, this has significantly benefitted the market for ethylene oxide. Furthermore, the rapid growth in PET bottle resin market in the region is likely to propel the market for ethylene oxide during the forecast period.
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Reasons to Purchase Ethylene Oxide Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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