Global Ethylene Oxide Market Size, Share & Industry Trends Analysis Report By Application (Ethylene Glycol, Ethoxylates, Ethanolamines, Polyols, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Ethylene Oxide Market Size, Share & Industry Trends Analysis Report By Application (Ethylene Glycol, Ethoxylates, Ethanolamines, Polyols, and Others), By Regional Outlook and Forecast, 2023 - 2030


The Global Ethylene Oxide Market size is expected to reach $48.2 billion by 2030, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 29,316.3 Kilo Tonnes, experiencing a growth of 2.7% (2019-2022).

North America is a significant producer of EO, with several manufacturing facilities in the United States and Canada. The region benefits from its access to ethylene, a primary feedstock for EO production. Therefore, the North American region registered $7,939.3 million revenue in the market in 2022. The demand for EO in North America is driven by various industries, including healthcare, automotive, personal care, textiles, and chemicals. The healthcare industry is a significant consumer of EO for medical equipment sterilization. Some of the factors impacting the market are increasing demand in healthcare, growth of consumer products and personal care industry, and lack of safety concerns.

The demand for EO in the healthcare sector has steadily increased due to its critical role in sterilizing medical equipment and supplies. With the ongoing focus on healthcare infrastructure and the production of medical devices, EO remains a critical sterilization method. EO is widely used in the healthcare industry to sterilize medical equipment and supplies. Its effectiveness in killing a broad spectrum of microorganisms, including spores, makes it a preferred method for ensuring the safety of medical devices. As these markets develop, the need for EO in healthcare is expected to grow. EO is considered a reliable and validated sterilization method, meeting the stringent safety and regulatory standards required in the healthcare industry. Additionally, Ethylene oxide is used to produce ethoxylated textile chemicals that enhance fabric softness, reducing skin irritation and improving comfort in clothing. As consumers seek softer and more comfortable textiles, the demand for EO-based softeners persists. EO derivatives are sometimes used as solvents and carriers in the fragrance industry, contributing to the formulation of perfumes and colognes. Consumer preferences for quality, performance, and safety in everyday products influence the consumer and personal care industry's demand for EO. As a result, EO and its derivatives continue to find widespread use in consumer goods, contributing to the development of the market.

However, Ethylene oxide is also classified as a hazardous air pollutant (HAP), and its emissions are subject to environmental regulations. Managing and reducing emissions of EO to comply with these regulations is an ongoing challenge. Negative perceptions of EO's safety risks can lead to public opposition to EO-related facilities and products. Advocacy groups and concerned communities may push for stricter regulations or alternatives. The transportation of EO is a complex and potentially hazardous process. Ensuring the safe shipment of EO, especially across long distances, is a critical concern.

Application Outlook

By application, the market is categorized into ethylene glycol, ethoxylates, ethanolamines, polyols, and others. In 2022, the ethylene glycol segment held the largest revenue share in the et market. The hydrolysis of ethylene oxide to produce ethylene glycol is an efficient and high-yield process. It allows for the conversion of a significant portion of the ethylene oxide into ethylene glycol, resulting in a favorable production efficiency. The hydrolysis process allows for the production of high-purity ethylene glycol. After the purification and separation steps, the final product can meet the stringent quality and purity standards required for various applications. Ethylene glycol is a versatile compound used in various applications, including antifreeze, coolant, deicing agent, and as a raw material in the production of plastics and resins. The use of ethylene oxide as a starting material in the production of ethylene glycol has become more environmentally friendly over the years due to improved process efficiency and the implementation of pollution control measures.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. The Asia Pacific region, particularly China and India, has witnessed rapid industrialization and urbanization. This growth has increased the demand for products that use EO or its derivatives, such as textiles, consumer goods, and construction materials. Asia Pacific is a global hub for textile and apparel manufacturing. EO is used in textile processing and finishing, making it a key component in this industry.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akzo Nobel N.V., BASF SE, Shell plc, Clariant AG, The Dow Chemical Company (Dow Corning Ltd.), Exxon Mobil Corporation, Formosa Plastics Group, LOTTE Chemical Corporation (LOTTE Corp.), Huntsman Corporation, and SABIC (Saudi Arabian Oil Company).

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Ethylene Glycol
  • Ethoxylates
  • Ethanolamines
  • Polyols
  • Others
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Akzo Nobel N.V.
  • BASF SE
  • Shell plc
  • Clariant AG
  • The Dow Chemical Company (Dow Corning Ltd.)
  • Exxon Mobil Corporation
  • Formosa Plastics Group
  • LOTTE Chemical Corporation (LOTTE Corp.)
  • Huntsman Corporation
  • SABIC (Saudi Arabian Oil Company)
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Ethylene Oxide Market, by Application
1.4.2 Global Ethylene Oxide Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Global Ethylene Oxide Market by Application
4.1 Global Ethylene Glycol Market by Region
4.2 Global Ethoxylates Market by Region
4.3 Global Ethanolamines Market by Region
4.4 Global Polyols Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Ethylene Oxide Market by Region
5.1 North America Ethylene Oxide Market
5.1.1 North America Ethylene Oxide Market by Application
5.1.1.1 North America Ethylene Glycol Market by Country
5.1.1.2 North America Ethoxylates Market by Country
5.1.1.3 North America Ethanolamines Market by Country
5.1.1.4 North America Polyols Market by Country
5.1.1.5 North America Others Market by Country
5.1.2 North America Ethylene Oxide Market by Country
5.1.2.1 US Ethylene Oxide Market
5.1.2.1.1 US Ethylene Oxide Market by Application
5.1.2.2 Canada Ethylene Oxide Market
5.1.2.2.1 Canada Ethylene Oxide Market by Application
5.1.2.3 Mexico Ethylene Oxide Market
5.1.2.3.1 Mexico Ethylene Oxide Market by Application
5.1.2.4 Rest of North America Ethylene Oxide Market
5.1.2.4.1 Rest of North America Ethylene Oxide Market by Application
5.2 Europe Ethylene Oxide Market
5.2.1 Europe Ethylene Oxide Market by Application
5.2.1.1 Europe Ethylene Glycol Market by Country
5.2.1.2 Europe Ethoxylates Market by Country
5.2.1.3 Europe Ethanolamines Market by Country
5.2.1.4 Europe Polyols Market by Country
5.2.1.5 Europe Others Market by Country
5.2.2 Europe Ethylene Oxide Market by Country
5.2.2.1 Germany Ethylene Oxide Market
5.2.2.1.1 Germany Ethylene Oxide Market by Application
5.2.2.2 UK Ethylene Oxide Market
5.2.2.2.1 UK Ethylene Oxide Market by Application
5.2.2.3 France Ethylene Oxide Market
5.2.2.3.1 France Ethylene Oxide Market by Application
5.2.2.4 Russia Ethylene Oxide Market
5.2.2.4.1 Russia Ethylene Oxide Market by Application
5.2.2.5 Spain Ethylene Oxide Market
5.2.2.5.1 Spain Ethylene Oxide Market by Application
5.2.2.6 Italy Ethylene Oxide Market
5.2.2.6.1 Italy Ethylene Oxide Market by Application
5.2.2.7 Rest of Europe Ethylene Oxide Market
5.2.2.7.1 Rest of Europe Ethylene Oxide Market by Application
5.3 Asia Pacific Ethylene Oxide Market
5.3.1 Asia Pacific Ethylene Oxide Market by Application
5.3.1.1 Asia Pacific Ethylene Glycol Market by Country
5.3.1.2 Asia Pacific Ethoxylates Market by Country
5.3.1.3 Asia Pacific Ethanolamines Market by Country
5.3.1.4 Asia Pacific Polyols Market by Country
5.3.1.5 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Ethylene Oxide Market by Country
5.3.2.1 China Ethylene Oxide Market
5.3.2.1.1 China Ethylene Oxide Market by Application
5.3.2.2 Japan Ethylene Oxide Market
5.3.2.2.1 Japan Ethylene Oxide Market by Application
5.3.2.3 India Ethylene Oxide Market
5.3.2.3.1 India Ethylene Oxide Market by Application
5.3.2.4 South Korea Ethylene Oxide Market
5.3.2.4.1 South Korea Ethylene Oxide Market by Application
5.3.2.5 Singapore Ethylene Oxide Market
5.3.2.5.1 Singapore Ethylene Oxide Market by Application
5.3.2.6 Malaysia Ethylene Oxide Market
5.3.2.6.1 Malaysia Ethylene Oxide Market by Application
5.3.2.7 Rest of Asia Pacific Ethylene Oxide Market
5.3.2.7.1 Rest of Asia Pacific Ethylene Oxide Market by Application
5.4 LAMEA Ethylene Oxide Market
5.4.1 LAMEA Ethylene Oxide Market by Application
5.4.1.1 LAMEA Ethylene Glycol Market by Country
5.4.1.2 LAMEA Ethoxylates Market by Country
5.4.1.3 LAMEA Ethanolamines Market by Country
5.4.1.4 LAMEA Polyols Market by Country
5.4.1.5 LAMEA Others Market by Country
5.4.2 LAMEA Ethylene Oxide Market by Country
5.4.2.1 Brazil Ethylene Oxide Market
5.4.2.1.1 Brazil Ethylene Oxide Market by Application
5.4.2.2 Argentina Ethylene Oxide Market
5.4.2.2.1 Argentina Ethylene Oxide Market by Application
5.4.2.3 UAE Ethylene Oxide Market
5.4.2.3.1 UAE Ethylene Oxide Market by Application
5.4.2.4 Saudi Arabia Ethylene Oxide Market
5.4.2.4.1 Saudi Arabia Ethylene Oxide Market by Application
5.4.2.5 South Africa Ethylene Oxide Market
5.4.2.5.1 South Africa Ethylene Oxide Market by Application
5.4.2.6 Nigeria Ethylene Oxide Market
5.4.2.6.1 Nigeria Ethylene Oxide Market by Application
5.4.2.7 Rest of LAMEA Ethylene Oxide Market
5.4.2.7.1 Rest of LAMEA Ethylene Oxide Market by Application
Chapter 6. Company Profiles
6.1 Akzo Nobel N.V.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 SWOT Analysis
6.2 Exxon Mobil Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.2.6 SWOT Analysis
6.3 Formosa Plastics Group
6.3.1 Company Overview
6.3.2 Financial Analysis
6.4 LOTTE Chemical Corporation (LOTTE Corp.)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 BASF SE
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.6 SWOT Analysis
6.6 Shell plc
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.6 SWOT Analysis
6.7 Huntsman Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segment and Regional Analysis
6.7.4 Research & Development Expense
6.8 Clariant AG
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 Recent strategies and developments:
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Joint ventures:
6.8.5.3 Business Expansions:
6.8.6 SWOT Analysis
6.9 The Dow Chemical Company
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 SWOT Analysis
6.10. SABIC (Saudi Arabian Oil Company)
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 SWOT Analysis
Chapter 7. Winning Imperatives of Ethylene Oxide Market

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