Global Ethylene Oxide Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethylene Oxide Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The production of ethylene oxide (EO) is a rapidly growing industry in which silver is consumed as a catalyst. As a surfactant, EO mainly produces ethylene glycol and ethoxylates and other applications in photoelectric and chemical reactions. In the production process, silver acts as a catalyst, helping to combine ethylene and oxygen into a photoelectric reaction. How to further improve the activity and selectivity of the silver catalyst is the core of the current technological development.

Market Overview:

The latest research study on the global Ethylene Oxide Catalyst market finds that the global Ethylene Oxide Catalyst market reached a value of USD 667.19 million in 2022. It’s expected that the market will achieve USD 851.55 million by 2028, exhibiting a CAGR of 4.15% during the forecast period.

Influence of COVID-19 Outbreak on Ethylene Oxide Catalyst Industry Development

At the beginning of an outbreak, work is usually postponed and the normal production of the company is affected. For companies in some areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower capacity utilization rates than normal. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, areas with more severe epidemics have taken certain measures to control transportation. Whether on the supply side or the demand side, their normal operations and production activities have been greatly negatively affected.

More than half a year has passed since the Covid-19 outbreak, and the number of confirmed cases is still increasing. It has now exceeded 40,000,000 and has not yet seen a clear turning point. Many countries restarted their economies under the pressure of the economic downturn. However, considering the highly contagious nature of COVID-19, COVID-19 may break out for the second time at the end of this year. If it breaks out for the second time, the epidemic will increase corporate financial risks, or trigger corresponding default risks, financial risks, etc. The ultimate impact on the industry will depend on the development of the epidemic. However, some economic losses have been caused, and this year is likely to face negative growth.

Market Drivers

The downstream applications of ethylene oxide catalysts are mainly in the ethylene oxide industry, which has a positive correlation with the development of the ethylene oxide industry. The ethylene oxide market is in great demand, and the catalyst market can also obtain many profitable opportunities. Ethylene oxide is mainly used in the manufacture of ethylene glycol (raw material for polyester fiber), synthetic detergents, non-ionic surfactants, antifreeze, emulsifiers and ethylene glycol products. It is also used in the production of plasticizers, Lubricants, rubber and plastics, etc. As an important organic chemical product second only to polyethylene and polyvinyl chloride in the industrial derivatives of ethylene, ethylene oxide has a wide range of applications and a large demand. It is widely used in washing and dyeing, electronics, medicine, pesticides, textiles, papermaking, Many fields such as automobiles, oil extraction and refining. In addition, ethylene is directly oxidized under the action of silver catalyst to produce EO in industry. Since the raw material ethylene usually accounts for more than 70% of the EO production cost and the silver catalyst can help reduce the consumption of ethylene, the catalyst is indispensable in the production of ethylene oxide. The downstream industry's demand for ethylene oxide catalysts is one of the main driving forces for the industry.
The rise of the Internet and e-commerce allows companies to build their own websites to promote brand culture and fully introduce product features to facilitate potential customers to understand in advance or review afterwards. In addition, in the past, due to the cost of communication and transportation, the company rarely opened up overseas markets. In the Internet age, the flow of information has never been faster. Through the Internet, the company can quickly contact overseas distributors and actively explore overseas markets.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Shell Catalysts & Technologies is one of the major players operating in the Ethylene Oxide Catalyst market, holding a share of 51.05% in 2020.

Shell Catalysts & Technologies (formerly known as CRI Catalyst Company, Ltd.) provides catalysts and related services. The company operates in the fields of hydrogenation, oxidation, dehydrogenation, and environmental catalysts and systems, providing services to the refining and petrochemical industries.

Dow Chemical is a multinational chemical company headquartered in Michigan, USA, founded in 1897 by Herbert Henry Dow. In 2015, it was announced that it would confirm the merger with DuPont Chemical. Dow Chemical is the world's largest plastics manufacturer. Its products include polystyrene, polyurethane, polyethylene terephthalate, polypropylene and synthetic rubber. At the same time, it is also the world's leading producer of calcium chloride, ethylene oxide, acrylates, surfactants and fiber resins.

Segmentation Overview:

Among different product types, Silver Catalyst segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the High Selectivity Catalyst segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethylene Oxide Catalyst market covered in Chapter 3:

Dow
Shell Catalysts & Technologies
Nippon Shokubai Co., Ltd.
Scientific Design
Mitsubishi Chemical
Sinopec

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethylene Oxide Catalyst market from 2018 to 2029 is primarily split into:

Silver Catalyst

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethylene Oxide Catalyst market from 2018 to 2029 covers:

High Activity Catalyst
High Selectivity Catalyst
Hybrid Catalyst
High Performance Catalyst

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)