According to a recent report by Emergen Research, the size of the worldwide ethylene oxide market reached USD 31.09 billion in 2021 and is projected to experience a revenue CAGR of 3.54% over the forecast period. Growing demand for polyethylene terephthalate bottles and containers is a key element boosting market revenue growth.
The team of analysts at Emergen Research meticulously compiled the new study titled “World Ethylene Oxide Market” with the reader’s comprehension in mind. It also contains a sizable database of industry distribution. In order to forecast the global Ethylene Oxide Market outlook throughout the forecast period, the study considers historical and current market circumstances (2022-2030). The elements influencing the industry’s overall growth were highlighted by researchers who used a thorough approach to the examination of the worldwide market. The research examines the strengths, weaknesses, opportunities, and threats related to the growth of distinct market segments using powerful analytical methods including SWOT analysis and Porter’s Five Forces.
Ethylene oxide is a versatile, flammable, chemical compound that has a wide range of applications across different end-users. One of the key applications of the chemical is in the production of ethylene glycol, which is extensively used as an automotive coolant, as well as a temperature maintaining fluid in various industries. Other derivatives of the chemical, such as polyethylene terephthalate (PET) is majorly used for packaging of food and other materials, and production of plastic bottles and containers. Ethylene oxide is a pesticide and antimicrobial agent, approved by the U.S. Environmental Protection Agency (EPA), which increases its adoption in the agricultural industry as a fumigant. Antimicrobial properties of the chemical have also made it a suitable sterilizing agent for medical equipment and heat-sensitive medical devices, which is expected to increase demand for ethylene oxide over the coming years.
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Global Ethylene Oxide Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Ethylene Oxide market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Ethylene Oxide market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
BASF SE, The Dow Chemical Company, China Petrochemical Corporation, Clariant AG, Tokyo Chemical Industry, Shell plc, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Linde plc, and Eastman Chemical Company
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
- The polyethylene terephthalate segment is expected to register a rapid revenue growth rate during the forecast period. Rising demand for plastic bottles and PET-based containers are key factors driving revenue growth of this segment. PET is a versatile, lightweight, transparent plastic that can be molded into any shape according to the manufacturer with a variety of colors, which has increased its demand among different end-users, including the cosmetics and food and beverages industries. Carbonated soda drinks, fruit juices, and even packaged drinking water bottles are made using PET. Personal care items such as liquid soaps, shampoos, and body oils are packaged in PET-based bottles and containers. Statistics of the 2020 Plastics Europe report suggest that use of PET increased to around 4.14 million in 2020, which was about a 3.8% increase since the previous year.
- The surgical equipment sterilization segment accounted for moderate revenue share in 2021. Ethylene oxide is an alkylating agent and damages the essential macromolecules (RNA, DNA, and proteins) of microorganisms, thereby killing them, which increases its adoption in the agricultural industry. The healthcare sector, especially hospitals and other medical centers are increasingly adopting ethylene oxide as a sterilizing agent due to its antimicrobial properties. Gas sterilization using the chemical is especially effective when the devices and equipment cannot be sanitized using thermal and steam alternatives.
- Ethylene oxide market in North America is expected to register a rapid revenue growth rate between 2022 and 2030. Rising number of communicable diseases, including cases of the Coronavirus disease and steady usage of the chemical in the agricultural industry in countries in the region are some of the key factors driving revenue growth of the market in North America. Statistics of the World Health Organization (WHO) report that around 86 million cases of the Coronavirus disease have been registered as of 4 July 2022, with around 1 million deaths in the U.S. Increasing prevalence of the disease has resulted in an exponential rise in use of Personal Protective Equipment (PPE) and other medical devices that require constant sterilization. Ethylene oxide has been adopted as a non-heating sterilization alternative for sanitizing PPEs and heat-sensitive medical devices.
Market Overview:
The report bifurcates the Ethylene Oxide market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Derivatives Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Ethylene Glycols
- Monoethylene Glycol
- Diethylene Glycol
- Triethylene Glycol
- Polyethylene Glycol
- Ethoxylates
- Glycol Ethers
- Polyethylene Terephthalate
- Ethanoamines
- Others
- Ethylene Glycols
- Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Anti-freeze Production
- Detergents
- Surgical Equipment Sterilization
- Plastic Production
- Medicines
- Textiles
- Disinfection and Pest Control
- Others
- End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Pharmaceutical Industry
- Food Industry
- Automotive Industry
- Plastic Industry
- Hospitals and Medical Centers
- Textile Industry
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Additional information offered by the report:
- Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cobots market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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