Ethylene Oxide Market Revenue Share, Major Players And Forecast by Fact MR

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In 2022, the global ethylene oxide market (エチレンオキシド市場) was valued at US$ 51.7 billion, and it is forecasted to grow at a compound annual growth rate (CAGR) of 5.8%, reaching a market valuation of US$ 90.6 billion by 2032.

In 2022, the global ethylene oxide market (エチレンオキシド市場) was valued at US$ 51.7 billion, and it is forecasted to grow at a compound annual growth rate (CAGR) of 5.8%, reaching a market valuation of US$ 90.6 billion by 2032.

The ethylene oxide market is a crucial segment of the chemical industry, with a wide range of applications across various sectors. Ethylene oxide, a flammable and colorless gas at room temperature, is widely used in the production of various chemicals, including ethylene glycol, surfactants, ethanolamines, glycol ethers, and polyethylene glycols. It is also utilized as a sterilizing agent for medical equipment and in the production of detergents, solvents, and plastics.

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Market Dynamics:

The global ethylene oxide market is primarily driven by the growing demand for ethylene glycol, which is extensively used in the production of PET bottles and polyester fibers. The increasing use of ethylene oxide in the manufacturing of detergents, solvents, and glycol ethers is also fueling market growth. However, volatility in raw material prices, stringent regulations regarding ethylene oxide emissions, and the availability of substitutes such as bio-based ethylene glycol are expected to hamper market growth.

Market Future Outlook:

The ethylene oxide market (산화에틸렌 시장) is expected to witness significant growth in the coming years, driven by the increasing demand for ethylene glycol in the production of PET bottles and polyester fibers. The growing use of ethylene oxide in the manufacturing of detergents and solvents is also expected to contribute to market growth. Additionally, the rising demand for ethylene oxide as a sterilizing agent in the healthcare sector is expected to further drive market growth.

Market Insights:

The global ethylene oxide market is segmented based on application into ethylene glycol, surfactants, ethanolamines, glycol ethers, and polyethylene glycols. Ethylene glycol is the largest application segment, accounting for a significant share of the market. The surfactants segment is also a key application segment, driven by the increasing use of ethylene oxide in the production of detergents.

Key Players:

  • BASF
  • SABIC
  • India Glycols Ltd.
  • DowDupont
  • Indorama Venture Public Company Ltd.
  • Formosa Plastic Ltd.
  • Royal Dutch Shell
  • Indian Oil Corporation
  • Huntsman International
  • LOTTE Chemical Corporation

Competitive Landscape:

Key players in the global ethylene oxide market are actively expanding their capacities by establishing manufacturing facilities in emerging markets and setting up advanced plants for production. These manufacturers are also focusing on developing water-soluble products that are compatible with various additives such as corrosion inhibitors and antioxidants. These strategies are intensifying competition and driving dynamism in the market.

For example:

BASF and SINOPEC, in a joint venture in 2021, announced plans to expand their Verbund site to increase production capacity for ethanolamines, ethylene amines, and purified ethylene oxide. They also have plans to construct new tert-butyl acrylate plants in the coming years.

India Glycols Limited formed a joint venture with Clariant AG in 2021 to produce renewable ethylene oxide derivatives after receiving regulatory approvals. This joint venture is expected to operate as Clariant IGL Specialty Chemicals Private Limited.

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Ethylene Oxide Industry (marché de l'oxyde d'éthylène) Survey by Category

  • By Application :
    • Ethylene Glycol
    • Ethoxylate
    • Ethanolamines
    • Glycol Ethers
    • Polyethylenes
    • Other Applications
  • By Region :
    • North America
    • Latin America
    • Europe 
    • East Asia
    • South Asia & Oceania
    • MEA

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