Ethylene Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Sep 2021

[Online Quarterly Update]The Ethylene Oxide (EO) Market has grown at 22.45 million tonnes in 2020 and is anticipated to achieve a healthy CAGR of 4.60% in the forecast period until 2030. Ethylene Oxide (C2H4O) is a cyclic ether and the simplest epoxide that consists of one oxygen atom and two carbon atoms. It is a colorless, soluble, flammable, and highly reactive gas with a faintly sweet odor. The large-scale Industrial production of EO is done by the direct oxidation of Ethylene over suitable catalysts at a temperature of around 200°C to 300°C.
 
Ethylene oxide is a versatile chemical that is primarily used as an intermediate in the production of several industrial chemicals, the most notable of which is Ethylene Glycol. It finds its application as a surface disinfectant that is widely used in the healthcare and medical equipment industry to replace steam in the sterilization of heat-sensitive tools and equipment, such as disposable plastic syringes. The growing demand for EO for the sterilization of medical devices is driving the Ethylene Oxide market globally. Ethylene Oxide is extensively used in non-contact infrared thermometers, thermal imaging systems (Infrared thermographic systems/thermal imaging cameras), liquid chemical sterilization, patient lifts, surgical staplers, and others. Niche applications of the chemical include household and industrial cleaners, personal care items like cosmetics and shampoos, polyurethanes, heat transfer liquids, plasticizers, ointments, fabrics for clothes, upholstery, carpet, etc., With the rising population especially in emerging countries, the demand for personal and healthcare products is rapidly increasing which is propelling the demand of Ethylene Oxide and is expected to boost the market in upcoming years.
 
Ethylene Oxide is derived into glycol ethers, acrylonitrile, ethoxylates, ethylene glycol, polyether polyols, and others. Increasing demand for these derivatives by the end-user industries is driving the overall market across the globe. The Ethylene Glycol segment dominates the market globally owing to high demand by automotive, packaging, and pharmaceutical industries. Ethylene Glycol is widely utilized for the production of polyester fibers, polyethylene terephthalate (PET) resins, and automotive antifreeze. The growing demand for Polyester fibers by the textile industry in the Asia Pacific region is expected to augment the EO market in the next few years. 
 
On the basis of end-use industries, the EO market is segregated into pharmaceuticals, automotive, agrochemicals, food & beverages, textiles, personal care & cosmetics, and others. The surging demand for PET bottles from the food and beverage industries is driving the EO market around the world. The textile industry dominated the Ethylene Oxide market and is likely to maintain its dominance until the forecast period due to the high demand for Ethylene Oxide to treat or produce a variety of fibers.
 
Long term exposure of EO can cause adverse health effects like headache, nausea, vomiting, diarrhea, breathing difficulty, drowsiness, weakness, exhaustion, eye and skin burns, frostbite, etc. According to the United States Environmental Protection Agency (EPA), Ethylene Oxide is carcinogenic to humans by the inhalation route of exposure and can increase the risk of lymphoid and breast cancer.
 
The unprecedented fall of COVID-19 in 2020 led to a major decline in the Ethylene Oxide market around the world. Many end-user industries including personal care, textiles, automotive, and others witnessed a negative impact due to the disruption in the global supply chain. Manufacturing units temporarily halted their operations in order to curb the spread of deadly coronavirus. However, there was a surge in the demand for Ethylene Oxide for the production of Hand sanitizers and other cleaning agents during the covid times. 
 
Among different regions, the Asia Pacific region dominated the Ethylene Oxide market globally in 2020 and is expected to maintain its dominance in the forecast period until 2030 owing to the increasing consumption of Ethylene Oxide in emerging countries. China holds the major consumption of Ethylene Oxide and its derivatives in the Asia-Pacific region. Rapidly growing demand for Ethylene Oxide from the major end-use industries including personal care, cosmetics, food and beverages, textile, and others is likely to boost the Ethylene Oxide market in the Asia Pacific region.
 
Major players for Ethylene Oxide include BASF SE, ABIC, India Glycols Limited, DowDuPont Inc., Indorama Ventures Public Company Limited, Formosa Plastics Corporation, U.S.A., Royal Dutch Shell Plc., Indian Oil Corporation Ltd., Huntsman International LLC., LOTTE Chemical CORPORATION, Akzo Nobel N.V, and others. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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Objective of the Study: 
 
• To assess the demand-supply scenario of Ethylene Oxide which covers production, demand and supply of Ethylene Oxide market globally.
• To analyse and forecast the market size of Ethylene Oxide.
• To classify and forecast Ethylene Oxide market based on End-Use, Application, Region and Distribution Channel. 
• To identify drivers and challenges for Ethylene Oxide market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Ethylene Oxide market.
• To identify and analyse the profile of leading players involved in the manufacturing of Ethylene Oxide.
 

To extract data for Ethylene Oxide market, primary research surveys were conducted with Ethylene Oxide manufacturers, suppliers, distributors, wholesalers and Applicationrs. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Applicationr segments and projected a positive outlook for Global Ethylene Oxide market over the coming years. 
 
ChemAnalyst calculated Ethylene Oxide demand globally by analyzing the historical data and demand forecast which was carried out considering imported Ethylene Oxide, styrene prices, monomers used for production of Ethylene Oxide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Ethylene Oxide manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Oxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Oxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, Ethylene Oxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
22.45 million tonnes
Growth Rate
CAGR of 4.60% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2030
Quantitative units
Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. End-use (Pharmaceuticals, Automotive, Agrochemicals, Food & Beverages, Textiles, Personal Care & Cosmetics, and others)
2. Application (Glycol Ethers, Acrylonitrile, Ethoxylates, Ethylene Glycol, Polyether Polyols, and others)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, ABIC, India Glycols Limited, DowDuPont Inc., Indorama Ventures Public Company Limited, Formosa Plastics Corporation, U.S.A., Royal Dutch Shell Plc., Indian Oil Corporation Ltd., Huntsman International LLC., LOTTE Chemical CORPORATION, Akzo Nobel N.V, and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

What is the major end-uses of Ethylene Oxide? 

Ethylene Oxide is widely used in various applications including pharmaceuticals, automotive, agrochemicals, food & beverages, textiles, personal care, and others.

Which region demands the maximum share in the Ethylene Oxide market as of 2020?

The Asia Pacific region accounts for the maximum share in the Ethylene Oxide market globally owing to its growing demand from major end-use industries including pharmaceutical, automotive, agrochemicals, food & beverages, textiles, personal care, and others

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