Global Ethylene Oxide Market is expected to witness a moderate CAGR of 6.3 % to reach USD 65.0 billion by 2024.
Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Moreover, high demand for polyester fibers and PET resins is expected to propel the market growth during 2018- 2024.
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The years used for the assessment are as follows;
Historical year: 2014, 2015, and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total ethylene oxide market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the ethylene oxide market
Finalizing the overall size and share for the global ethylene oxide market
To classify the global ethylene oxide market into segments by application, and region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the ethylene oxide market.
Profiling key companies operating in the global ethylene oxide market.
To study market response with respect to the mergers and acquisitions in the industry.
The research scope for global ethylene oxide market is as follows:
Rest of the World (ROW)
The global ethylene oxide market is expected to witness a CAGR of 6.3 % to reach USD 65.0 billion by 2024. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Moreover, high demand for polyester fibers, and PET resins is expected to propel the market growth during 2018 to 2024.
Ethylene oxide is used mainly as a chemical intermediate in the manufacture of ethylene glycol (antifreeze), detergents, polyurethane foam, adhesives, textiles, solvents, medicine, and other products. Relatively small amounts of ethylene oxide are used as a fumigant, as a sterilant for food & cosmetics, and in hospital sterilization of surgical equipment and plastic devices that cannot be sterilized by steam. Among these applications, the major use of ethylene oxide is as a chemical intermediate in the manufacture of ethylene glycol.
Demand for Polyethylene Terephthalate (PET) resin as pacakaging material in food & beverage items is expected to give impetus to the market over the forecast period. This can be owed to the transparency, and recyclable attributes of the material. Another factor driving the growth of this market is the increasing demand for polyester fiber with good tensile properties from end use industries. Polyester fibers are used in coated fabrics, conveyor belts, seat belts, textile industry, among other applications.
Asia Pacific is expected to experience a significant CAGR over the forecast period, and is likely to hold the major share of the market during 2018-2024. This growth can be owed to high demand for antifreeze, and PET resins for food & beverage packaging. Moreover, demand for polyester fibers in textile industry is expected to boost the market growth over the forecast period. Demand for PET resins from China, Japan, and India are expected to give impetus to the market during 2018-2024.
Some of the key companies operating in the market include BASF AG; Dow Chemcials Company; Exxon Mobil; Huntsman Corporation; Royal Dutch Shell; SINOPEC Corp.; Honam Petrochemical Corporation; AkzoNobel N.V.; Clariant AG; and Reliance Industries Limited, among others.
Major Points From Table Of Contents
Global Ethylene Oxide Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
CHAPTER 1. Market Scope and Methodology
CHAPTER 2. Market Outlook
CHAPTER 3. Market Entry Strategy
CHAPTER 4. Global Ethylene Oxide Market Size and Forecast (2018 – 2024)
CHAPTER 5. Global Ethylene Oxide Market, By Region
CHAPTER 6. Key Players and Strategic Developments
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