The report on the Global Ethylene Oxide industry is expected to reach the valuation of around USD 75 million by the year 2026 as against its value of USD 45.8 million in the year 2018, delivering a CAGR of almost 7% through the years. The report gives an in-depth analysis on the ethylene oxide market by evaluating industry aspects such as the size, share, demand, revenue, trends, and growth of the sector to predict the potential rise of the business. The study collects historical data from the years 2016 and 2017 while considering 2018 as the base year, to draw a forecast for the years 2019 to 2026.
The Ethylene Oxide market report acts as a valuable source of industry-verified data and offers a detailed overview of this industry, primarily focusing on the future growth analysis, demand and supply graphs, as well as the historical and future costs and revenue generation. The latest report presents an unbiased perspective of the Ethylene Oxide market, predicting the current and upcoming business growth trends and avenues. The market intelligence report covers the forecast market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications. The report comprehensively analyzes this industry, making precise market estimations on the future market growth rate, size, and revenue. Therefore, the report offers a holistic view of the Ethylene Oxide industry and elaborates on the latest market trends and development patterns.
Ethylene oxide is a gaseous and flammable compound typically used in various consumer goods. It is utilized in hospitals and clinics to sterilize medical instruments. It is used in detergents, plastics, and thickeners, among other products. It is widely used for manufacturing polyester fiber, which is used in coated fabrics, seat belts, and belt fabrics. A hike in its demand from the automotive and industrial sector will also be favorable for the prospective growth of the market. Despite the global movement against the use of plastics, there is an increased demand for PET bottles, especially from the packaging industry, which is boosting the market forward. Almost 50 percent of the global ethylene oxide production is employed in the production of PET bottles.
Consumer inclination towards packaged food and beverages is propelling the growth of the application of ethylene oxide in the packaging industry. However, market growth is hindered by the high toxicity of ethylene oxide. The rapid industrialization and infrastructure development in the regions of China, Thailand, and India, along with the replacement of petrol-based ethylene by bio-derived ethylene is expected to increase the growth of the market in the forecast years. The increasing stringency of the government regulations governing the use of ethylene oxide in polyester fiber and TEP resin is a significant factor impeding the growth of the global ethylene oxide market, as the toxic content of the compound can be harmful to human health. Various governments impose these regulations in order to reduce the risks associated with chemical exposure, which is another concern that could negatively affect market growth.
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Global Ethylene Oxide Market Segmentation:
The latest industry report lists down the leading products, their key application areas, and the end-use industries:
By product type, the global Ethylene Oxide market is segmented into:
By application, the global Ethylene Oxide market is segmented into:
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Global Ethylene Oxide Market: Competitive Outlook
The global Ethylene Oxide market report studies market growth trajectories of the leading companies operating in this industry. The critical business strategies implemented by these market players are mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.
- BASF AG
- Clariant AG
- China Petroleum & Chemical Corporatio
are some of the top companies involved in the global Ethylene Oxide market.
Global Ethylene Oxide Market Report – Table of contents:
- Chapter 1: The report includes market introduction, developmental scope, product offerings, growth opportunities, and key market dynamics.
- Chapter 2: The report highlights the leading vendors of the Ethylene Oxide industry and evaluates their sales and revenue shares over the forecast period.
- Chapter 3: Under this section, the report calculates the sales, revenue, and market shares of each region in this section.
- Chapter 4: The latest study highlights the competitive landscape of the Ethylene Oxide market. It involves an in-depth account of the vast vendor landscape of the market.
- Chapters 5: This section segments the Ethylene Oxide market on the basis of product type, application range, and market players.
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