Allied Market Research

2024

Ethylene Oxide Market

Ethylene Oxide Market Size, Share, Competitive Landscape and Trend Analysis Report by Derivatives and by END USE : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Bulk Chemicals

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Author's: | Eswara Prasad
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Ethylene oxide, also called as oxirane, is an organic compound with molecular formula C2H4O. It is a colorless and flammable gas with a mildly sweet odor. Ethylene oxide is industrially produced by oxidation of ethylene in the presence of silver catalyst. Presently, ethylene oxide is widely used in chemical processing and healthcare industries in developing regions.

The growth of the global ethylene oxide market is driven by increase in demand from personal healthcare and automotive industries. In addition, factors such as upsurge in demand for PET bottles from packaging industries and rapid increase in demand for automotive parts such as seats & belts are expected to drive the growth of global ethylene oxide market. However, high toxicity of ethylene oxide and rise in health issues are the key factors expected to hamper the growth of global market. On the contrary, increase in R&D activities to make ethylene oxide consumer-friendly is expected to offer future growth opportunities to the market.

Key segmentation of the global ethylene oxide market is done on the basis of application, end use, and region. By application, the market is segregated into glycol ethers, acrylonitrile, ethoxylates, ethanolamines, and others. Depending on end-use, it is classified into chemical processing, healthcare, food & beverages, automotive, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global ethylene oxide market are SABIC, India Glycols Limited, DowDuPont Inc., Indorama Ventures Public Company Limited, BASF SE, Formosa Plastics Corporation, U.S.A., Indian Oil Corporation Ltd., Royal Dutch Shell Plc., Huntsman International LLC., LOTTE Chemical CORPORATION, and Akzo Nobel N.V. These companies are adopting a number of strategies such as product launch, R&D, acquisition, and others to strengthen their foothold in the market. For instance, Indorama Ventures Public Company Limited entered into an agreement on July 30, 2019 to acquire Sinterama S.p.A. (global polyester automotive interiors and high-performance color yarns manufacturer).

KEY BENEFITS FOR STAKEHOLDERS

  • The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. 
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries in the regions have been mapped according to their individual revenue contribution.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The market analysis covers in-depth information of major industry participants.

Ethylene Oxide Market Report Highlights

Aspects Details
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By Derivatives
  • Glycol Ethers
  • Acrylonitrile
  • Ethoxylates Ethanolamines
  • Ethanolamines
  • Others
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By END USE
  • Chemical Processing
  • Healthcare
  • Food and Beverages
  • Automotive
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Huntsman International LLC., Indorama Ventures Public Company Limited, Formosa Plastics Corporation, U.S.A., BASF SE, DowDuPont Inc., Indian Oil Corporation Ltd., India Glycols Limited, LOTTE Chemical CORPORATION, Akzo Nobel N.V., Royal Dutch Shell Plc., SABIC

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Ethylene Oxide Market

Global Opportunity Analysis and Industry Forecast, 2023-2032