Ethylene Oxide Market is Booming Market to Grow at Healthy CAGR forecast by 2028

Posted by kelvindbmr on April 16th, 2021

Ethylene oxide market is expected to be growing at a growth rate of 7.0% in the forecast period of 2021 to 2028. The ethylene oxide market report analyses the growth, which is currently being growing due to the rising scope of its application in industrial and household cleaners. Ethylene oxide or oxirane is an organic compound. It is a flammable gas and colourless. They are bactericidal, fungicidal and sporicidal disinfectant and are effective against micro- organisms.

Key Market Competitors: Global Ethylene Oxide Market

Few of the major competitors currently working in ethylene oxide market are Al SABIC, BASF SE, Formosa Plastics Corporation, Huntsman International LLC., India Glycol Limited, Indian Oil Corporation Ltd, Indorama Ventures Public Company Limited, INEOS, KAZANORGSINTEZ, LyondellBasell Industries Holdings B.V., Nippon Shokubai Co., Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Limited, Shell Global.

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They usually have sweet ether like smell. In food and textiles they are used as a fumigant. They are mainly used to make consumer products and non- consumer chemical intermediates. They are also used as the raw materials for PET resins which are used for the manufacturing of bottles and container and polyester fiber.

Segmentation: Global Ethylene Oxide Market

•          By Product (Ethylene Glycol, Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol, Ethoxylates, Ethanolamines, Polyethene Glycol Ethers, Polyalkylene Glycols)
•          By End- User (Automotive, Agrochemical, Food & Beverages, Textile, Personal Care, Pharmaceutical, Detergents)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Ethylene Oxide Market

Global ethylene oxide market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ethylene oxide market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increasing usage of ethylene oxide in healthcare devices is driving market
•          Increasing demand of ethylene oxide in agricultural products as fumigants is driving market

Market Restraints:

•          Its flammable nature at room temperature is restraining the market
•          Its hazardous effect on eyes and skin is restraining the market