Market Size of Ethylene Oxide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ethylene Oxide Market Analysis
The ethylene oxide market is expected to grow with a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. The global beauty and personal care industry has been significantly affected by the COVID-19 pandemic. Though the industry has restructured itself to engage in the production of hand sanitizers and cleaning agents, however, the drop in sales has been significant. The demand from the industry has recovered in 2021 and is likely to grow at a moderate rate in the coming years.
- Over the short term, the major factors driving the market are the growing usage of PET in the food and beverage industry, increasing demand for household and personal care products in developing countries, and growing demand for antifreeze agents.
- However, the health and environmental effects of high exposure can hinder market growth.
- Using bio-derived ethylene over petro-based ethylene for production can act as an opportunity for the market studied.
- The Asia-Pacific region is expected to witness the highest market share and fastest growth during the forecast period.
