Title: Ethylene oxide Market (2017 - 2024) Expecting Worldwide Growth.
1Global Ethylene Oxide Market Outlook and
Worldwide Foresight to 2024
Ethylene Oxide Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany,
UK, Italy, France, Spain, Italy, Russia, Poland,
China, India, Japan, Australia, Brazil, Mexico,
Argentina, South Africa, Saudi Arabia, Qatar,
Kuwait, UAE), Application Development Potential,
Price Trends, Competitive Market Share
Forecast, 2016 2024
2Global Market Scenario of Ethylene Oxide
- The ethylene oxide market is estimated to witness
a massive growth from 2017 to 2024. - The growth is primarily contributed by its
increasing application in ethylene glycol and
ethoxylates, ethylene glycol is significantly
used for manufacturing polyethylene terephthalate
(PET) resin and polyester fiber which is further
growing the ethylene oxide market across the
globe. - Ethylene oxide is a gaseous, flammable alkylating
agent. It is majorly used in hospital, dentistry,
surgery, for disinfecting and sterilizing medical
instrument. - Further it is also used for producing various
consumer goods as well as non-consumer chemical.
These consumer goods comprise of thickeners,
detergent, plastics and solvents whereas
non-consumer chemical includes organic chemicals
like ethylene glycol. - Its wide range of applications and desirable
properties are growing the global ethylene oxide
market. -
3Market Research Reports Key Analytical
Components
4- Product Analysis-
- The market growth is hindered by high toxic
content of ethylene oxide. Application of
ethylene oxide in polyester fiber for
manufacturing gloves, shoes etc. which is
chemically contaminated, further any exposure or
contact with skin can cause chemical burns.
Therefore, market is negatively impacted by
harmful toxic content that is restricting its
application in several industries like textiles
and healthcare which is decelerating the market
growth for upcoming years. - One of the major factors restricting the global
ethylene oxide market is stringent government
regulation guiding the application of ethylene
oxide on polyester fiber and TEP resin, as
ethylene oxide contain harmful chemical
substances when applied to various applications
it may damage human health. - Regional Trends-
- Asia Pacific is predicted to have the largest
share by the end of 2024. Rising demand for
polyester fibers in the region due to developing
textile industries and increasing consumer
spending is augmenting the growth of polyester
fiber in the region which in positively favouring
the global ethylene oxide market for the forecast
period. Moreover, rising tour and travelling
industry in the region is growing the demand for
packaged beverage products is propelling the
ethylene oxide market over the coming years.
5- Competitive Trends
- Some of the primary players in the market include
Dow Chemical, Eastern Petrochemical Company,
Formosa Plastics, Yansab, Shell, Sinopec,
Reliance, BASF SE, Indorama Ventures, Huntsman,
PTT Global Chemical, LyondellBasell, Indian Oil,
Oriental Union Chemical, CNPC, Kuwait Petroleum
Corporation, Ultrapar Participacoes Sa, Sinopec
Shanghai Petrochemical Company Limited and
others. Few of the major manufacturer of the
market are growing their global presence and
diversifying their product category to gain
competitive advantage. -
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