Polyester demands in various segments such as textiles, plastics, and other materials are paving opportunities in the ethylene oxide market as well as an ethylene glycol market, both at the global level. As per the IndustryARC’s comprehensive market research report, the global ethylene oxide and ethylene glycol market size stood at $28 billion as of 2018. According to the analysts, the opportunities in these two twin market will increment at a positive compound annual growth rate (CAGR) of 4.50% during the forecast period of 2019 to 2025.
The report is titled “Global Ethylene Oxide and Ethylene Glycol Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019 – 2025.” It incorporates a detailed study of the industry and forecasts for the key players along with the market size, share, demands, and latest trends that are influencing the market.
Global Ethylene Oxide Market and Ethylene Glycol Market: Leading Segments
The Asia- Pacific was the most productive region in the global ethylene oxide market and ethylene glycol market in the year 2018, serving 40% of the global demand. The two chemicals are among the most versatile intermediates applied for industrial use. The humungous polymer manufacturing sector established in the region resonates the rising opportunities. The emerging economies of China and India are not only the major producers but also offer strong consumer base.
By application, polyester fibres and PET resins are the most lucrative applications in the ethylene oxide market and ethylene glycol market. The opportunities in these applications are anticipated to increase at a CAGR of 4.80% through the aforementioned forecast period. The robust demands for PET bottles for containing numerous liquids is the major contributor.
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Global Ethylene Oxide Market and Ethylene Glycol Industry Analysis
Automotive: Ethylene glycol is an organic compound which serves as a purpose for raw polyester manufacturing and ethylene glycol antifreeze formulations. The aviation industry extensively uses ethylene glycol coolant to ensure the anti-freezing in its air brakes at extraordinary heights. Perpetually expanding aviation industry, backed by urbanization and increased disposable income across emerging economies, the demand for ethylene oxide and ethylene glycol is anticipated to constantly surge.
Healthcare: Ethylene oxide sterilization is also one of the most prominent factors of growth in the global ethylene oxide market and ethylene glycol market. The medical industry uses the chemical for sterilization of various healthcare instruments and device. However, the application of ethylene glycol over restricted amounts can be toxic and can raise issues of ethylene glycol poisoning. Handling ethylene glycol in amateur conditions are hindering the global ethylene oxide and ethylene glycol market growth.
Global Ethylene Oxide and Ethylene Glycol Market Trends
Propelling investments in the chemical industry to optimize the applications of ethylene oxide and ethylene glycol market is estimated to ponder growth in the market. Innovations followed by colossal capital investments are projected to encourage the growth of eco-friendly ethylene glycol market. Overcoming the toxic properties of ethylene glycol will increase the radius of application in the global ethylene oxide and ethylene glycol market.
Global Ethylene Oxide and Ethylene Glycol Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in this market are Akzonobel N.V., Basf SE, China Petroleum & Chemical Corporation, Clariant AG, ExxonMobil Corporation, Formosa Plastics Group, INEOS, Huntsman Corporation, LyondellBasell, Shell International, and DowDuPont.
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A. Anti-freeze Coolant Market
B. Ethylene Oxide Market
What can you expect from the report?
The Ethylene Oxide and Ethylene Glycol Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Ethylene Oxide and Ethylene Glycol Market Size by Product Categories & Application
2. Ethylene Oxide and Ethylene Glycol Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Ethylene Oxide and Ethylene Glycol Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Ethylene Oxide and Ethylene Glycol Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Ethylene Oxide and Ethylene Glycol Market Strategic Analysis
18. Ethylene Oxide and Ethylene Glycol Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Ethylene Oxide and Ethylene Glycol Market Revenue and Volume Analysis
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