Global Ethylene Oxide Market | Growth, Trends, and Forecast (2018 - 2023)
Ethylene Oxide Market - Segmented by Product, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)


MAY 2018

Ethylene Oxide Market - Segmented by Product, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global ethylene oxide market is expected to witness a CAGR of approximately 5.8% during the forecast period (2018 - 2023). The major factor driving the market is the growing demand for ethylene oxide from PET bottles. Ethylene oxide is produced by the catalytic oxidation of ethylene and is used as a chemical intermediate. Ethylene oxide and its derivatives are required to produce a variety of everyday products, including plastics, household cleaners, polyurethanes, and ointments.

Growing Demand for PET Resin

The consumption of Polyethylene Terephthalate (PET) resin has increased at a rapid pace over the past few years. There has been a significant rise in the demand for PET in the developing countries, like Brazil, Russia, India, China, and South Africa. PET resins demand has been at a rise owing to its increasing preference as packaging materials in food & beverages items. It offers properties such as 100% recyclability, rigidity & transparency, and eco-friendly nature. This has significantly benefitted the market for ethylene oxide as it is required in the manufacturing of PET. Hence, with the growing PET demand, the market ethylene oxide is likely to grow.

Ethylene Glycol Expected to Have Largest Market Share

Ethylene glycol is expected to be the largest consumer for ethylene oxide during the forecast period. Monoethylene glycol (MEG) is used extensively in the textile industry to manufacture plastics, household cleaners, polyurethanes, and ointments. MEG is also required in the automobile industry as an antifreeze and cooling agent. Most of the ethylene glycol produced is required for the production of PET bottles, PET resin containers, polyester resin films, polyurethanes, and plasticizers. Diethylene glycols (DEG) and triethylene glycols (TEG) are expected to witness a rise owing to its use in lubricants, lacquers, solvents, gas drying, pharmaceutical preparations, humectants, latex surface coatings, and cosmetics.

Asia-Pacific Dominates the Market

Asia-Pacific is expected to have the largest global market share for ethylene oxide during the forecast period. This is majorly due to the rising demand form the end-user industries in the developing economies, such as China, India, Indonesia, and Malaysia. The demand has witnessed a rise from several sectors, including packaging, films, textile fibers, and soaps & detergents. Hence, this has significantly benefitted the market for ethylene oxide. Furthermore, the rapid growth in PET bottle resin market in the region is likely to propel the market for ethylene oxide during the forecast period.


Key Developments

  • July 2017: Pemex Etileno, a subsidiary of Petróleos Mexicanos, successfully concluded the e-auction to adjudicate quantities of ethylene oxide, which were bided to 10 companies.

Major Players: The Dow Chemicals Company, BASF SE, Indian Oil, INEOS, and LyondellBasell, among others.

Reason to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating process type and filler used in the market
  • To identify the countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Market Insights

                3.1 Industry Value-Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Feedstock Analysis

                                3.3.1 Global Capacity by Key Feedstock

                                3.3.2 Trends

                3.4 Technological Snapshot

                                3.4.1 Production Process

                                3.4.2 Technology Licensing and Patent Analysis

                3.5 Trade Analysis

                3.6 Price Index

                3.7 Supply Scenario

                                3.7.1 Capacity and Production Analysis

                3.8 Regulatory Policy Analysis

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Growing Demand for PET Bottles for Packaging

                                4.1.2 Production of PET Resins and Polyester Fibers and Condensation

                                4.1.3 Demand for Household and Personal Care Products in Developing Countries

                                4.1.4 Growing Demand for Antifreeze Agents

                4.2 Restraints

                                4.2.1 Risks Due to Flammable and Explosive Nature

                                4.2.2 Chronic Exposure to be Mutagenic and Carcinogenic

                                4.2.3 Toxicity to Aquatic Organisms at High-levels

                4.3 Opportunity

                                4.3.1 Rapid Industrialization and Infrastructure Development in Economies like China, India, and Thailand

                                4.3.2 Using Bio-derived Ethylene Over Petro-based Ethylene for Production

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)

                5.1 By Product

                                5.1.1 Ethylene Glycols

                                       Monoethylene Glycol (MEG)

                                       Diethylene Glycol (DEG)

                                       Triethylene Glycol (TEG)

                                5.1.2 Ethoxylates

                                5.1.3 Ethanolamines (MEA, DEA, TEA)

                                5.1.4 Polyethene Glycol Ethers (PGE)

                                5.1.5 Polyalkylene Glycols

                                5.1.6 Others

                5.2 By End-user Industry

                                5.2.1 Automotive

                                5.2.2 Agrochemicals

                                5.2.3 Food & Beverages

                                5.2.4 Textile

                                5.2.5 Personal Care

                                5.2.6 Pharmaceuticals

                                5.2.7 Detergents

                                5.2.8 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Rest of Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 Italy

                                6.3.4 France

                                6.3.5 Rest of Europe

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 Al-Jubail Petrochemical Company

                8.2 BASF SE

                8.3 Eastern Petrochemical Company (SHARQ)

                8.4 Formosa Plastics

                8.5 Huntsman Corporation

                8.6 India Glycol Limited

                8.7 Indian Oil

                8.8 Indorama Ventures Public Company Limited

                8.9 Ineos

                8.10 Kazanorgsintez

                8.11 LyondellBasell

                8.12 Nippon Shokubai

                8.13 Oriental Union Chemical Corporation

                8.14 PTT Global Chemical

                8.15 Reliance Industries Limited

                8.16 Sasol

                8.17 Shell Global

                8.18 Sinopec

                8.19 The Dow Chemical Company

                8.20 Yansab

                *List not exhaustive

9. Disclaimer

**Subject to availability on public domain

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