Global Ethylene Oxide Market Analysis & Trends - Industry Forecast to 2030

Global Ethylene Oxide Market Analysis & Trends - Industry Forecast to 2030

Ethylene Oxide: Market Size

From $30.35 million in 2024, the global Ethylene Oxide market is projected to reach $43.05 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing usage of pet in the food and beverage industry, rising consciousness among the consumer, and increasing application in ethylene glycol and ethoxylates.

Global Ethylene Oxide Market: Market Dynamics
Increasing demand for household and personal care products in developing countries is another major driver for the market studied. Growing demand for PET bottles from packaging industries is driving the ethylene oxide market. Notably half of the global ethylene oxide production is used for manufacturing PET bottles. Furthermore, due to favorable demographics, and a shift in preference to branded products boost the demand for the textile industry, thus boosting the ethylene oxide market. Thus, all the above-mentioned factors are expected to show a significant impact on the market growth during the forecast period.

On the other hand, the declining automotive industry across the world and health and environmental effects over high exposure are likely to obstruct the profit boundaries. In addition, rapidly growing automotive and industrial market and shift in consumer preferences toward better lifestyle in emerging economies will further boost for the ethylene oxide market.

Impact of COVID-19 on Ethylene Oxide
The market was negatively impacted by COVID-19 in 2020. The global beauty and personal care industry has been significantly affected by the COVID-19 pandemic. Though the industry has restructured itself to engage in the production of hand sanitizers and cleaning agents, however, the drop-in sales has been significant. In China, the beauty and personal care industry’s February 2020 sales decreased by around 80% compared with 2019. In March, the year-on-year decline was down to approximately 20 percent. Globally, the lockdown has led to the disruption of many business activities and affected the supply chain. Although some countries are slowly starting activities again, factories are recovering and regaining the market position to start operating at normal capacity. However, there was a surge in the demand for Ethylene Oxide for the production of Hand sanitizers and other cleaning agents during the covid times.

By End User
Textile Segment Dominate the Market in 2024
The textile segment made huge revenue in 2024 and growing its prominence during the forecast period. The textile industry is a major end-user industry for ethylene oxide as the derivatives are used for the treatment of a wide variety of natural and synthetic fibers, as precursors for certain compounds providing durable press, light stabilization of spandex fibers, shrink proofing wool, static prevention, and mothproofing, among others. India, China, and United States represent major textile manufacturing countries in the world. With rising demand, growing investments and improved infrastructure facilities the demand from the sector is likely to increase in the forecast period.

By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the high level production capacity in the region. It is becoming a major hub for the exporting of cosmetics and personal care products to developed nations, like the United States. China accounts for the major consumption of ethylene oxide and its derivatives in the Asia-Pacific region. China’s textile industry is one of the major industries, and the country is the largest clothing exporter across the world. Rising demand for polyester fibers in the region due to developing textile industries and increasing consumer spending is augmenting the growth of polyester fiber in the region which in positively favouring the global ethylene oxide market for the forecast period. Moreover, rising tour and travelling industry in the region is growing the demand for packaged beverage products are propelling the ethylene oxide market over the coming years. Therefore, due to the afore-mentioned factors, Asia-Pacific is likely to witness the highest market share.

List of the Key Players Profiled in the Market Include:
• BASF SE
• Clariant
• Dow
• Eastern Petrochemical Company
• Formosa Plastics
• Huntsman
• India Glycols Limited
• Indian Oil
• INEOS
• LyondellBasell
• Reliance Industries Limited
• SABIC
• Sasol
• Shell PLC
• Sinopec
• Yansab

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others