Global Ethylene Oxide Market Report and Forecast 2023-2028

Global Ethylene Oxide Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), 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.

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 EMR 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 by Expert Market Research 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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.