Ethylene Oxide Market Overview:
The growth of the global ethylene oxide market is mainly driven by rising demand for ethylene glycol in numerous applications including PET resins, polyester fibres, and antifreeze for engines among others. PET resins are being widely used in packaging industry in packaged food and beverages due to convenience and improved shelf life of the products.
Ethylene Oxide Market Key Players:
Some of the key players in the global ethylene glycol market are,
• Exxon Mobil Corporation (US)
• DowDuPont (US)
• INEOS (UK)
• Huntsman Corporation (US)
• The Linde Group (US)
• SABIC (Saudi Arabia)
• China Petrochemical Corporation (China)
• BASF SE (Germany)
• Akzo Nobel N.V. (Netherlands)
• Clariant (Switzerland)
• LyondellBasell Industries Holdings B.V. (Netherlands)
• Royal Dutch Shell plc (Netherlands)
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Ethylene Oxide Market Segmentation:
The global ethylene oxide market has been segmented by product, and region. Based on product, the market has been segmented into ethylene glycol, ethoxylates, ethanolamines, glycol ethers, polyethylene glycol, polyether polyols, and others. The ethylene glycol segment accounted for the largest market share in 2018 and is expected to witness significant growth during the review period on account of the increasing demand in numerous applications such as PET resins, polyester fiber, and antifreeze formulations among others.
In addition, the product finds use in food (spices) and cosmetics as sterilant and in sterilization of surgical equipment and plastic devices which are not sterilized by steam such as assembled complex devices, catheters, integrated-electronics equipment, multi-lumen tubing products, stents, and wound care dressings. Ethylene oxide is widely preferred in medical devices as it disrupts the DNA of microorganisms and prevents them from reproducing on the surface of the equipment.
Ethylene Oxide Market Regional Analysis:
Based on region, the Ethylene Oxide Market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the ethylene oxide market on account of the growing end-use industries in the region, especially the chemicals, surfactants, pharmaceuticals, and cosmetics and personal care industries. An expanding population base and rising disposable income of consumers are the other factors driving market growth.
North America is a prominent market for ethylene oxide due to the growing flexible packaging industry as a result of the increasing consumption of packaged beverages and food products.
The European market is expected to grow at a considerable rate during the review period. The growing cosmetics and personal care and pharmaceuticals industry are propelling market growth.
The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.
Ethylene Oxide Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Ethylene Oxide Market
Ethylene Oxide Market Table of Content to be Continue….,
Ethylene Oxide Market List of Table:
Table 1 World Population: By Major Regions (2016 To 2030)
Table 2 Global Ethylene Oxide Market: By Region, 2016-2023
Table 3 North America Ethylene Oxide Market: By Country, 2016-2023
Table 4 Europe Ethylene Oxide Market: By Country, 2016-2023
Table 5 Asia-Pacific Ethylene Oxide Market: By Country, 2016-2023
Ethylene Oxide Market List of Table to be Continue….,
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