Ethylene Oxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The ethylene oxide market is expected to grow with a CAGR of over 3% during the forecast period.
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. The demand from the industry has recovered in 2021 and is likely to grow at a moderate rate in the coming years.
Key HighlightsThe ethylene oxide market is partially consolidated in nature. Some of the key players in the market include Shell plc, China Petrochemical Corporation, Dow, SABIC, and BASF SE (not in any particular order).
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