Ethylene Oxide & Ethylene Glycol Market to grow by $19.55 bn from 2021 to 2025|APAC to emerge as key region |Discover more insights by Technavio

Drivers and Challenges

Technavio has identified the major drivers and challenges that impact the ethylene oxide and ethylene glycol market. According to our research, developments in end-user industries are driving the market. However, fluctuation in prices of raw materials may hamper market growth during the forecast period.

COVID-19 impact

The COVID-19 pandemic brought the world to a standstill and impacted many markets and industries in different ways. Technavio's report market provides a thorough analysis of the effect of the pandemic on the ethylene oxide and ethylene glycol market. The business impact of COVID-19 on the ethylene oxide and ethylene glycol market during 2021-2025 is expected to result in neutral and at par growth.

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Market Segmentation

The ethylene oxide and ethylene glycol market has been segmented by geography into APAC, Europe, North America, South America, and MEA. APAC will lead the market during the forecast period owing to a surge in demand for PET packaging, with China and Japan being the key revenue-generating economies.

Based on product, the ethylene oxide and ethylene glycol market has been segmented into ethylene oxide and ethylene glycol segments. The ethylene oxide segment will have significant market share growth during the forecast period.

Some of the Key Vendors and their Offerings:

Technavio has identified key vendors operating in the market. These include BASF SE, Dow Inc., Formosa Plastics Corp., INEOS Group Holdings SA, LG Electronics Inc., LyondellBasell Industries NV, Reliance Industries Ltd., Royal Dutch Shell Plc, and Saudi Basic Industries Corp. The key offerings of some of these vendors are mentioned below:

• Dow Inc.: The company provides products under the brand name of AMBITROL CN Coolant, NORKOOL SLH Coolant, and others.
• Formosa Plastics Corp.: The company produces ethylene glycol, which is used to make plastic bottles.
• INEOS Group Holdings SA: The company produces ethylene glycols (MEG/DEG/TEG), which are used as antifreeze, de-icing agents, lubricants, polyester resins, and gas drying agents.

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Related Reports:

Ethylene Propylene Diene Monomer Market by End-user and Geography - Forecast and Analysis 2021-2025

Polyethylene (PE) Foam Market by Type, Application and Geography - Forecast and Analysis 2020-2024

Scope of Ethylene Oxide and Ethylene Glycol Market Report:

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Table of Content:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis

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