Ethylene Oxide Market A Review of the Sector's Present and Proposed Future Condition, 2030 > NEWS

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The Global Ethylene Oxide Market research report is a complete document that explains the most recent breakthroughs and advancements in the Ethylene Oxide industry, using 2019 as the base year and 2022–2030 as the forecast year. The analysis offers insightful data on the market's size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for Ethylene Oxide and its important sectors is studied.

The global ethylene oxide market size reached USD 31.09 Billion in 2021 and is expected to register a revenue CAGR of 3.54% during the forecast period, according to the latest analysis by Emergen Research. Increasing usage of polyethylene terephthalate bottles and containers is a crucial factor driving revenue growth in the market.

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), are mainly used for the packaging of food and other materials and the production of plastic bottles and containers. Ethylene oxide is a pesticide and antimicrobial agent approved by the U.S.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed 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

Target Audience of the Global Ethylene Oxide Market Report:

Key Market Players

Investors

Venture capitalists

Small- and medium-sized and large enterprises

Third-party knowledge providers

Value-Added Resellers (VARs)

Global market producers, distributors, traders, and suppliers

Research organizations, consulting companies, and various alliances interested in this sector

Government bodies, independent regulatory authorities, and policymakers

Get a discount on the Global Ethylene Oxide Market report @ https://www.emergenresearch.com/request-discount/1199

Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Ethylene Oxide Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Ethylene Oxide market on the basis of product, application, and region:

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

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

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/ethylene-oxide-market

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.

Additional information offered by the report:

Along with a complete overview of the global Ethylene Oxide market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.

The report elaborates on the global Ethylene Oxide 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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Thank you for reading our report. Customization of the report is available according to the requirements of our clients. Kindly get in touch with us to know more about the customization options, and our team will ensure the report is tailored according to your needs.

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