Ethylene Oxide Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Ethylene Oxide is basically a colorless, flammable gas or liquid which is produced by the reaction of ethylene & oxygen, and silver is utilized as a catalyst. It is further used as a sterilizer in cleaning medical devices, along with it protects them from bacteria also fungus. It is employed in the production of ethylene glycol, ethanolamines, ethoxylates, and glycol ether. Ethylene Oxide further finds its use and application in medical devices, cosmetics, antifreeze, textiles, solvents, detergents, and the food & beverage industry.

MARKET SCOPE

The "Global Ethylene Oxide Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethylene oxide market with detailed market segmentation by derivative type, end-use industry, and geography. The report provides key statistics on the market status of the leading ethylene oxide market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on derivative type, the market is bifurcated into ethylene glycols, ethoxylates, ethanolamines, glycol ethers, and others
  
•   Based on end-use industry, the market is bifurcated into automotive, agrochemicals, food and beverage, personal care, pharmaceuticals, and others
  

MARKET DYNAMICS

Drivers:

•   Higher use in the production of ethylene glycol which is further used in various applications like pet resins, polyester fibers, and antifreeze for engines among others
  
•   Growing usage of PET in the food and beverage industry
  
•   Increase in demand from textile industry
  

Restraints:

•   Toxicity of ethylene oxide that is very injurious to human health may hamper the market growth
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ethylene oxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ethylene oxide market in these regions.

IMPACT OF COVID-19 ON ETHYLENE OXIDE MARKET

As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the chemicals and materials industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the ethylene oxide market. However, as the economies are planning to revive their operations, the demand for ethylene oxide is presumed to rise owing to growing application from the end-use industries. In addition, chemicals and materials producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.

MARKET PLAYERS

The report covers key developments in the ethylene oxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from ethylene oxide market are anticipated to witness lucrative growth opportunities in the future with the rising demand for ethylene oxide in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethylene oxide market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.

  Akzo Nobel N.V.

  BASF SE

  China Petroleum and Chemical Corporation

  Clariant AG

  Dow

  Exxon Mobil Corporation

  LOTTE Engineering and Construction

  Huntsman Corporation

  Ineos Oxide

  LyondellBasell Industries Holdings B.V.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ethylene Oxide Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Derivative Type Ethylene Glycols Ethoxylates Ethanolamines Glycol Ethers By End-Use Industry Automotive Agrochemicals Food and Beverage Personal Care Pharmaceuticals
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Akzo Nobel N.V. BASF SE China Petroleum and Chemical Corporation Clariant AG Dow Exxon Mobil Corporation LOTTE Engineering and Construction Huntsman Corporation Ineos Oxide