Industry Report

Feedstock | Feb 2020

India Ethylene Oxide Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Format: pdf

Pages: 50

Ethylene Oxide demand in India is anticipated to grow at a CAGR of 4.2% during the forecast period. Persistent hike in demand for the product is due to the enormous production of MEG for polyester fabrics and PET. Increasing consumption of DEG in plasticizers industry is also contributing to the rising demand for the product. Total production of Ethylene Oxide in India is shared majorly by three leading manufacturers namely Reliance Industries Limited, Indian Oil Corporation Limited and India Glycols Limited. Due to its toxic and flammable nature, transportation of the gas is restricted thus the majority of Ethylene Oxide produced is utilized for captive consumption. On the other hand, Indian Oil Corporation has proposed to set up a new MEG plant, owing to its increasing consumption in the textile industry for the production of PTA. This is anticipated to fuel the demand for Ethylene Oxide in the country, since it is consumed in an appreciable amount during the production of MEG. Ethylene Oxide is a versatile compound consisting of a significant number of derivatives. The compounds derived from Ethylene Oxide find applications in various end-user industries including agrochemicals, textiles, pharmaceuticals, etc. Production of Ethylene Oxide is carried out in two steps, where Ethylene is first subjected to direct oxidation over silver catalyst yielding aqueous Ethylene Oxide, which is further purified for industrial use. Thus, the production and availability of Ethylene in India is yet another factor, which is directly responsible for the demand and supply of Ethylene Oxide in the country. Increasing consumer preferences towards packaged food and beverages are accelerating the growth of the packaging industry. This increase in awareness towards healthier and premium beverage brands is expected to drive the demand for PET bottles in the domestic market. Since half of the production of Ethylene Oxide is consumed in the production of PET bottles, therefore it is expected that the demand of PET bottles will be praiseworthy in escalating the demand of Ethylene Oxide in the country. Moreover, the demand for Ethylene Oxide is further fueled by its high use in cosmetics, as a multi-functional surfactant, and in the sterilization of medical equipment and surging demand from agricultural industries as a pesticide.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
Objective of the Study:
•        The primary objective of the study was to evaluate and forecast Ethylene Oxide capacity, production,
          demand, inventory, and demand – supply gap in India. 
•        To categorize Ethylene Oxide demand based on end use, region and sales channel.
•        To study trade dynamics and company share in India Ethylene Oxide market.
•        To identify major customers of Ethylene Oxide in India.
•        To evaluate and forecast Ethylene Oxide pricing in India Ethylene Oxide market.
•        To identify and profile major companies operating in India Ethylene Oxide market.
•        To identify major news, deals and expansion plans in India Ethylene Oxide market.
Report Scope:
In this report, India Ethylene Oxide market has been segmented into following categories:
Major players operating India Ethylene Oxide market include Reliance Industries Limited, Indian Oil Corporation Limited, India Glycols Limited, etc. Demand for Ethylene Oxide is projected to record a marked growth in the successive years with commencement of MEG plant of Indian Oil Corporation by FY 2022.
The market of Ethylene Oxide is stable in terms of its demand. The manufacturing companies are captively utilizing this product in the production of PET bottles. Regardless of its stagnant demand in the country, the prices of the commodity are reduced by a rate of 2.05 per cent when compared to last year's price. The reason behind the decrease in the price is considered to be the decrease in the price of its raw material which is Ethylene.
To extract data for India Ethylene Oxide market, primary research surveys were conducted with Ethylene Oxide manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for India Ethylene Oxide market over the coming years.
ChemAnalyst calculated Ethylene Oxide demand in India by analyzing the historical data and demand forecast was carried out considering its end users. 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, suppliers and other stakeholders
•      Organizations, forums and alliances related to Ethylene Oxide distribution
•      Government bodies such as regulating authorities and policy makers
•      Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Ethylene Oxide manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research