According to the report the global ethylene oxide market reached a value of USD 31.7 billion in 2022. Aided by the increasing demand for consumer goods and the growing applications of ethylene oxide in multiple industries, the market is projected to further grow at a CAGR of 4.36% between 2023 and 2028 to reach a value of USD 41.1 billion by 2028.
Ethylene oxide is a critical intermediate in the manufacture of several industrial chemicals. It is primarily used to produce ethylene glycols, which are key ingredients in a variety of products, including antifreeze, polyester fibres, and polyethylene terephthalate (PET) plastic. It is also used extensively as a sterilising agent for medical equipment and supplies. Apart from these applications, ethylene oxide also boasts excellent reactivity, making it an invaluable building block in the synthesis of many industrial and consumer goods.
The escalating consumer demand for textiles and plastic goods is driving the global ethylene oxide market growth. With the expanding middle-class population and their increasing purchasing power, there has been a significant rise in the consumption of textiles and plastics. This, in turn, has led to an increased demand for ethylene oxide, as it is a primary component in the production of polyester fibres and PET plastics. Additionally, the growing healthcare sector has further contributed to the increasing popularity of ethylene oxide, owing to its extensive use in medical sterilisation.
The widening applications of ethylene oxide in multiple industries also play a significant role in boosting the ethylene oxide market demand. In the textile industry, ethylene oxide-derived polyester fibres are used extensively in the production of fabrics and garments. In the packaging industry, PET plastics, produced from ethylene oxide, are widely used in the manufacture of bottles and containers. Additionally, in the healthcare sector, ethylene oxide is used to sterilise a broad range of medical supplies and equipment.
Further, the burgeoning demand for consumer goods in emerging economies has led to an increased focus on ethylene oxide as a vital intermediate for manufacturing these goods. With the rise of the middle-class population and their growing consumption patterns, ethylene oxide has emerged as a critical component in the production of various consumer goods, thereby boosting the ethylene oxide market expansion.
Moreover, advancements in ethylene oxide production technologies, particularly in terms of efficiency and environmental safety, are expected to positively impact the market's growth. The development of greener and more sustainable production methods aligns with the global push towards reduced environmental impact, providing further impetus to the ethylene oxide market.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Ethylene oxide is a critical intermediate in the manufacture of several industrial chemicals. It is primarily used to produce ethylene glycols, which are key ingredients in a variety of products, including antifreeze, polyester fibres, and polyethylene terephthalate (PET) plastic. It is also used extensively as a sterilising agent for medical equipment and supplies. Apart from these applications, ethylene oxide also boasts excellent reactivity, making it an invaluable building block in the synthesis of many industrial and consumer goods.
The escalating consumer demand for textiles and plastic goods is driving the global ethylene oxide market growth. With the expanding middle-class population and their increasing purchasing power, there has been a significant rise in the consumption of textiles and plastics. This, in turn, has led to an increased demand for ethylene oxide, as it is a primary component in the production of polyester fibres and PET plastics. Additionally, the growing healthcare sector has further contributed to the increasing popularity of ethylene oxide, owing to its extensive use in medical sterilisation.
The widening applications of ethylene oxide in multiple industries also play a significant role in boosting the ethylene oxide market demand. In the textile industry, ethylene oxide-derived polyester fibres are used extensively in the production of fabrics and garments. In the packaging industry, PET plastics, produced from ethylene oxide, are widely used in the manufacture of bottles and containers. Additionally, in the healthcare sector, ethylene oxide is used to sterilise a broad range of medical supplies and equipment.
Further, the burgeoning demand for consumer goods in emerging economies has led to an increased focus on ethylene oxide as a vital intermediate for manufacturing these goods. With the rise of the middle-class population and their growing consumption patterns, ethylene oxide has emerged as a critical component in the production of various consumer goods, thereby boosting the ethylene oxide market expansion.
Moreover, advancements in ethylene oxide production technologies, particularly in terms of efficiency and environmental safety, are expected to positively impact the market's growth. The development of greener and more sustainable production methods aligns with the global push towards reduced environmental impact, providing further impetus to the ethylene oxide market.
Market Segmentation
The market can be divided based on application, end use, and region.Market Breakup by Application
- Glycol Ethers
- Acrylonitrile
- Ethoxylates
- Ethanolamines
- Healthcare Sterilent
- Others
Market Breakup by End Use
- Chemical Processing
- Healthcare
- Food and Beverages
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global ethylene oxide companies. Some of the major key players explored in the report are as follows:- China Petroleum & Chemical Corp (Sinopec)
- BASF SE
- Saudi Basic Industries Corp (SABIC)
- Dow Inc.
- Shell plc
- Nippon Shokubai Co., Ltd.
- Reliance Industries Limited
- Maruzen Petrochemical Co., Ltd.
- PTT Global Chemical
- Huntsman International LLC.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ethylene Oxide Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethylene Oxide Historical Market (2018-2022)
8.3 Global Ethylene Oxide Market Forecast (2023-2028)
8.4 Global Ethylene Oxide Market by Application
8.4.1 Glycol Ethers
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Acrylonitrile
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Ethoxylates
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Ethanolamines
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Healthcare Sterilent
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Ethylene Oxide Market by End Use
8.5.1 Chemical Processing
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Healthcare
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Food and Beverages
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Automotive
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Ethylene Oxide Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Ethylene Oxide Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Ethylene Oxide Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Ethylene Oxide Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Ethylene Oxide Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Ethylene Oxide Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 291010)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 China Petroleum & Chemical Corp (Sinopec)
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 BASF SE
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Saudi Basic Industries Corp (SABIC)
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Dow Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Shell plc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Nippon Shokubai Co., Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Reliance Industries Limited
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Maruzen Petrochemical Co., Ltd.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 PTT Global Chemical
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Huntsman International LLC.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
Companies Mentioned
- China Petroleum & Chemical Corp (Sinopec)
- BASF SE
- Saudi Basic Industries Corp (SABIC)
- Dow Inc.
- Shell plc
- Nippon Shokubai Co., Ltd.
- Reliance Industries Limited
- Maruzen Petrochemical Co., Ltd.
- PTT Global Chemical
- Huntsman International LLC.
Methodology
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