Global Ethylene Oxide Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Chemical and Material Date : September 25th, 2018
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The global ethylene oxide market is expected to witness a CAGR of 6.3 % to reach USD 65.0 billion by 2024. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Moreover, high demand for polyester fibers and PET resins is expected to propel the market growth during 2018- 2024.

The years used for the assessment are as follows;

  • Historical year  : 2014, 2015, and 2016
  • Base year      : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total ethylene oxide market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the ethylene oxide market
  • Finalizing the overall size and share for the global ethylene oxide market

OBJECTIVES:

  • To classify the global ethylene oxide market into segments by application, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the ethylene oxide market.
  • Profiling key companies operating in the global ethylene oxide market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global ethylene oxide market is as follows:

By Application

  • Ethylene Glycol
  • Ethoxylates
  • Ethanolamines
  • Glycol Ethers
  • Polyethylene
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (ROW)

Ethylene Oxide Market: High demand for ethylene glycol expected to give impetus to the market growth

The global ethylene oxide market is expected to witness a CAGR of 6.3 % to reach USD 65.0 billion by 2024. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Moreover, high demand for polyester fibers, and PET resins is expected to propel the market growth during 2018 to 2024.

Ethylene oxide is used mainly as a chemical intermediate in the manufacture of ethylene glycol (antifreeze), detergents, polyurethane foam, adhesives, textiles, solvents, medicine, and other products. Relatively small amounts of ethylene oxide are used as a fumigant, as a sterilant for food & cosmetics, and in hospital sterilization of surgical equipment and plastic devices that cannot be sterilized by steam. Among these applications, the major use of ethylene oxide is as a chemical intermediate in the manufacture of ethylene glycol.

Demand for Polyethylene Terephthalate (PET) resin as pacakaging material in food & beverage items is expected to give impetus to the market over the forecast period. This can be owed to the transparency, and recyclable attributes of the material. Another factor driving the growth of this market is the increasing demand for polyester fiber with good tensile properties from end use industries. Polyester fibers are used in coated fabrics, conveyor belts, seat belts, textile industry, among other applications.

Asia Pacific is expected to experience a significant CAGR over the forecast period, and is likely to hold the major share of the market during 2018-2024. This growth can be owed to high demand for antifreeze, and PET resins for food & beverage packaging. Moreover, demand for polyester fibers in textile industry is expected to boost the market growth over the forecast period. Demand for PET resins from China, Japan, and India are expected to give impetus to the market during 2018-2024.

Some of the key companies operating in the market include BASF AG; Dow Chemcials Company; Exxon Mobil; Huntsman Corporation; Royal Dutch Shell; SINOPEC Corp.; Honam Petrochemical Corporation; AkzoNobel N.V.; Clariant AG; and Reliance Industries Limited, among others.

Global Ethylene Oxide Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Application

1.2.2. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities and Trends

    2.2.2.1. Increasing demand from end use industries

   2.2.2.2. Demand for non-ionic surfactants used in cleaning agents and detergents

2.2.3. Growth Drivers

    2.2.3.1. Increasing demand for ethylene glycol based antifreeze in automobile cooling systems

    2.2.3.2. Increasing demand for durable polyester fibers based fabrics

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

            2.2.5.1. Fluctuating crude oil prices

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

        3.3.1. Company Market Share Analysis

        3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Ethylene Oxide Market Size and Forecast (2018 – 2024)

4.1. Global Ethylene Oxide Market, By Application

4.1.1. Ethylene Glycol

4.1.2. Ethoxylates

4.1.3. Ethanolamines

4.1.4. Glycol Ethers

4.1.5. Polyethylene

4.1.6. Others

CHAPTER 5. Global Ethylene Oxide Market, By Region

5.1. North America Ethylene Oxide Market (USD Million/Kilo Tons)

5.1.1. North America Ethylene Oxide Market, By Application (USD Million/Kilo Tons)

5.1.2. North America Ethylene Oxide Market, By Country

  5.1.2.1. U.S. Ethylene Oxide Market (USD Million/Kilo Tons)

  5.1.2.2. Canada Ethylene Oxide Market (USD Million/Kilo Tons)

  5.1.2.3. Mexico Ethylene Oxide Market (USD Million/Kilo Tons)

5.2. Europe Ethylene Oxide Market (USD Million/Kilo Tons)

5.2.1. Europe Ethylene Oxide Market, By Application (USD Million/Kilo Tons)

5.2.2. Europe Ethylene Oxide Market, By Country

   5.2.2.1. U.K Ethylene Oxide Market (USD Million/Kilo Tons)

   5.2.2.2. Germany Ethylene Oxide Market (USD Million/Kilo Tons)

   5.2.2.3. France Ethylene Oxide Market (USD Million/Kilo Tons)

   5.2.2.4. Rest of Europe Ethylene Oxide Market (USD Million/Kilo Tons)

5.3. Asia-Pacific Ethylene Oxide Market (USD Million/Kilo Tons)

5.3.1. Asia-Pacific Ethylene Oxide Market, By Application (USD Million/Kilo Tons)

5.3.2. Asia-Pacific Ethylene Oxide Market, By Country

   5.3.2.1. China Ethylene Oxide Market (USD Million/Kilo Tons)

   5.3.2.2. Japan Ethylene Oxide Market (USD Million/Kilo Tons)

   5.3.2.3. India Ethylene Oxide Market (USD Million/Kilo Tons)

   5.3.2.4. Rest of Asia-Pacific Ethylene Oxide Market (USD Million/Kilo Tons)

5.4. Rest of the World (ROW) Ethylene Oxide Market (USD Million/Kilo Tons)

5.4.1. Rest of the World (ROW) Ethylene Oxide Market, By Application (USD Million/Kilo Tons)

5.4.2. Rest of the World (ROW) Ethylene Oxide Market, By Country

  5.4.2.1. Brazil Ethylene Oxide Market (USD Million/Kilo Tons)

  5.4.2.2. Rest of ROW Ethylene Oxide Market (USD Million/Kilo Tons)

CHAPTER 6. Key Players and Strategic Developments

6.1. BASF AG

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Dow Chemicals Company

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Exxon Mobil

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Huntsman Corporation

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Royal Dutch Shell

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. SINOPEC Corp.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Honam Petrochemical Corporation

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. AkzoNobel N.V.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Clariant AG

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Reliance Industries Limited

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

Global Ethylene Oxide Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024