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Pulished Date April, 2021
ID: 11443
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Ethylene Oxide Market Segmented By Derivative (Ethylene Glycols, Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Other Derivatives), End-user Industry (Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, and Other End-user Industries) and Region | 2021 to 2026

Pulished: April, 2021
ID: 11443
Pages: 175

Ethylene Oxide Market Size, Share & Trends (2021 - 2026)

The Ethylene Oxide Market size was anticipated to be over 32 million tons in 2021, and the market is anticipated to register at a CAGR of over 4% during the forecast period 2021-2026.

The textile industry is one of the main end-use industries for ethylene oxide, as the derivatives are used to process a wide variety of natural and synthetic fibers, as precursors of certain compounds that provide pressing durable and light stabilizing spandex fibers, heat-shrinkable wool, antistatic protection, and anti-moths, among others. The Asia-Pacific region has dominated the textile market, with growing facilities in the textile industry and investments in countries like China and India. India, China, and the United States are the world's main textile manufacturing countries. The United States is the second-largest exporting country for textile products. A key trend that is noticeable in the market is the digitization of various business segments and the opportunities that technological advancements bring to the customer.

Recent Developments 

  • In January 2020, Indorama Ventures acquired Huntsman's integrated EO & PO assets for $ 2 billion, including a large US Gulf Coast flagship site (USGC) in Port Neches, as well as Chocolate Bayou and Dayton.

  • In January 2019, INEOS Oxide announced that it had completed the acquisition of the Wilmar ethoxylation plant in Lavéra, France.

  • In November 2019, the FDA launched a pilot project to accelerate new methods of ethylene oxide sterilization.

Ethylene Oxide Market Drivers

In the short term, one of the main drivers of the market is the increasing use of PET in the food and beverage industry. Another important factor for the studied market is the growing demand for household and personal care products in developing countries. The Asia-Pacific region is expected to experience the highest market share and the fastest-growing during the forecast period. Driver understands the growing demand for antifreeze in the automotive industry; Antifreeze is used to lower the freezing point of water-based liquid in vehicles. Consumers have started to opt for better-packaged food and drink products. The increase in the use of PET bottles is a factor behind the rise in ethylene oxide. The increased use of polyester resins and fibers is also driving the ethylene oxide market. The other big driver is the high demand for homes and cosmetics.

Ethylene Oxide Market Restraints

The declining automotive industry in the world hinders the growth of the studied market. The constraints that limit the growth of ethylene oxide in the world market are fluctuations in the prices of crude oil in the market, which is a very important raw material for ethylene oxide, and also governance issues. The high content of toxic ethylene oxide is expected to hamper market growth. In addition, any exposure or contact with the skin can cause chemical burns, which limits its application in various industries such as textiles and healthcare.

Opportunities in the Ethylene Oxide Market

The demand for nonionic surfactants is becoming an opportunity to increase the demand for ethylene oxides in the world. Rapid industrialization and infrastructure development in economies such as China, India, and Thailand and the use of bio-based ethylene instead of petroleum-based ethylene for production are opportunities that can boost the market growth.

Challenges in the Ethylene Oxide Market  

One of the biggest challenges is the emission of carbon dioxide into the environment due to the ongoing oxidation process. The other challenge is the residue left on the instrument when it undergoes the sterilization process. Sterilization chemicals are very toxic because they attack the protein cells of microorganisms. Ethylene Oxide is a flammable gas, and care should be taken when using it in the sterilization process.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2021 - 2026

CAGR

4.0%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Dow Chemicals Company, Exxon Mobil, Shell, SINOPEC Corp., Ineos Oxide,Royal Dutch Shell, Saudi Basics Industries Corporation, LyondellBasell Industries,Honam Petrochemical Corporation, Formosa Plastic Group

Ethylene oxide Market Segmentation as per the research report until 2026.

Ethylene oxide Market - By Derivative 

  • Ethylene Glycols
  • Ethoxylates
  • Ethanolamines
  • Glycol Ethers
  • Polyethylene Glycol
  • Other Derivatives

Ethylene oxide is holding with the dominant shares of the market. It sees a sharp increase in demand in its end-user applications, particularly ethylene glycol and ethoxylates, while the end-user applications of ethylene glycol, which are experiencing significant growth, are polyester fibers and PET resin, which are experiencing strong growth in most countries. 

Ethylene oxide Market - By End-user Industry

  • Automotive
  • Agrochemicals
  • Food and Beverage
  • Textile
  • Personal Care
  • Pharmaceuticals
  • Detergents
  • Other End-user Industries

 The automotive segment is ruling with the largest shares of the ethylene oxide market owing to the growing demand for home and personal care products in developing countries.

  Ethylene oxide Market - By Region

 The Ethylene oxide market Report includes the segmentation of Regions:

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

The Asia-Pacific region currently dominates the global ethylene oxide market. Although the country remains the world's largest garment exporter with huge production capacity, oversupply in the country, high labor costs, and growing global protectionism have eroded its competitiveness. According to the IBEF, it is estimated that the textile industry in India will reach approximately USD 222 billion by 2026. The Indian garment/garment industry is one of the largest segments of the Indian textile and clothing industry. Clothing and represents about 50% of the total industry. Changing fashion trends, growth in consumer and service class, coupled with increasing penetration of retail and e-commerce industry have boosted the Indian textile industry. Asia-Pacific has become the largest consumer and producer of surfactants. The production has reached very high levels, becoming a major center for the export of cosmetics and personal care products to developed countries, such as the United States. Hence, owing to the above-mentioned factors, the Asia-Pacific region is expected to register the highest market share during the forecast period.

North America and Western Europe are mature markets and are expected to experience slow growth. However, Asia-Pacific, Eastern and Central Europe, Middle East, and South America are expected to drive demand for ethylene oxide over the next decade, as end applications such that polyester fibers and PET resin are still in development and expect strong growth.

The European market is also expected to grow due to the expansion of the packaging industry with the increasing demand for packaged food and drink. In addition, the growing healthcare sector, along with increasing healthcare expenditure and expanding geriatric population, enhances the growth of the market.

The Latin American market is expected to experience tremendous growth due to the growth of the cosmetics and personal care industry, especially in Brazil and Mexico, due to the increasing demand for men's cosmetics.

The Middle East and Africa market is expected to show considerable growth during the review period owing to the rapid growth of the industrial base in the region.

Impact of Covid-19 on Ethylene oxide Market:

The market was affected by COVID-19 in 2020. The global beauty and personal care industry has been notably affected by the COVID-19 pandemic. Although the industry has been restructured to focus on the production of hand sanitizers and cleaning agents, the decline in sales has been significant. In China, February 2020, sales of the beauty and personal care industry were down about 80% from 2019. In March, the year-over-year decline was reduced to about 20%. 

Ethylene oxide Market Key Players:

  1.  Dow Chemicals Company

  2. Exxon Mobil

  3. Shell

  4. SINOPEC Corp.

  5. Ineos Oxide

  6. Royal Dutch Shell

  7. Saudi Basics Industries Corporation

  8. LyondellBasell Industries

  9. Honam Petrochemical Corporation

  10. Formosa Plastic Group

  11. Clariant AG

  12. BASF AG

  13. China Petroleum & Chemical Corporation

  14. Huntsman Corporation

  15. AkzoNobel

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Ethylene oxide Market, By Derivative                             

                              6.1.1 Ethylene Glycols   

                              6.1.2 Ethoxylates            

                              6.1.3 Ethanolamines       

                              6.1.4 Glycol Ethers          

                              6.1.5 Polyethylene Glycol            

                              6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.7 Y-o-Y Growth Rate Analysis              

                              6.1.8 Market Attractiveness Index           

               6.2 Ethylene oxide Market, By Distribution Channel                        

                              6.2.1 Automotive            

                              6.2.2 Agrochemicals       

                              6.2.3 Food and Beverage             

                              6.2.4 Textile      

                              6.2.5 Personal Care        

                              6.2.6 Pharmaceuticals    

                              6.2.7 Detergents             

                              6.2.8 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.9 Y-o-Y Growth Rate Analysis              

                              6.2.10 Market Attractiveness Index         

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Derivative          

                              7.2.3 By Distribution Channel     

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Derivative          

                              7.3.3 By Distribution Channel     

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Derivative          

                              7.4.3 By Distribution Channel     

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Derivative          

                              7.5.3 By Distribution Channel     

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Derivative          

                              7.6.3 By Distribution Channel     

8. Key Player Analysis                                   

               8.1  Dow Chemicals Company                    

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Exxon Mobil               

               8.3 Shell                             

               8.4 SINOPEC Corp.                         

               8.5 Ineos Oxide                

               8.6 Royal Dutch Shell                    

               8.7 Saudi Basics Industries Corporation                 

               8.8 LyondellBasell Industries                      

               8.9 Honam Petrochemical Corporation                  

               8.10 Formosa Plastic Group                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Ethylene oxide Market By Region, From 2021-2026 ( USD Billion )

  2. Global Ethylene oxide Market By Derivative , From 2021-2026 ( USD Billion )

  3. Global Ethylene Glycols Market By Region, From 2021-2026 ( USD Billion )

  4. Global Ethoxylates Market By Region, From 2021-2026 ( USD Billion )

  5. Global Ethanolamines Market By Region, From 2021-2026 ( USD Billion )

  6. Global Glycol Ethers Market By Region, From 2021-2026 ( USD Billion )

  7. Global Polyethylene Glycol Market By Region, From 2021-2026 ( USD Billion )

  8. Global Ethylene oxide Market By End-user Industry, From 2021-2026 ( USD Billion )

  9. Global Automotive Market By Region, From 2021-2026 ( USD Billion )

  10. Global Agrochemicals Market By Region, From 2021-2026 ( USD Billion )

  11. Global Food and Beverage Market By Region, From 2021-2026 ( USD Billion )

  12. Global Textile Market By Region, From 2021-2026 ( USD Billion )

  13. Global Personal Care Market By Region, From 2021-2026 ( USD Billion )

  14. Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )

  15. Global Detergents Market By Region, From 2021-2026 ( USD Billion )

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