Ethylene Oxide (EO) Market Size to Reach USD 39500 Million by 2028 at CAGR 3.5% - Valuates Reports

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BANGALORE, India, Feb. 11, 2022 /PRNewswire/ -- The Ethylene Oxide Market is Segmented by Type (SD-Oxidation, Shell-Oxidation, Dow-Oxidation, Others), Application (Ethylene Glycol, Surfactant, Ethanolamine, Others). The report covers global opportunity analysis, regional outlook, growth potential, industry forecast from 2022 to 2028.

The global Ethylene Oxide market is projected to grow from USD 32140 Million in 2022 to USD 39500 Million in 2028 at a CAGR of 3.5% in the forecast period.

Major Factors Driving The Growth Of The Ethylene Oxide Market :

Increased demand from the personal healthcare and automotive industries is propelling the global ethylene oxide market forward. Furthermore, the ethylene oxide market is expected to grow due to demand for PET bottles from packaging industries, polyester fibers, and antifreeze for engines.

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Trends Influencing The Growth Of The Ethylene Oxide Market:

The growing demand for detergents, household and industrial cleaners, laundry softeners, and other similar products is expected to propel the ethylene oxide market forward at a healthy rate. Furthermore, the rapidly expanding healthcare industry as a result of rising health consciousness has increased spending on medical devices, this, in turn, is expected to propel the ethylene oxide market forward during the forecast period.

The ethylene oxide market is being driven by rising demand for PET bottles from the packaging industry. PET bottles account for nearly half of all ethylene oxide production worldwide. The packaging industry is expanding due to a shift in consumer preferences toward packaged food and beverage products. The demand for PET bottles is increasing as consumers become more aware of healthier and premium beverage brands, resulting in the market expanding over the forecasted timeframe.

Polyester fiber, which is widely used in seat belts, conveyor belt fabrics, and coated fabrics, is made primarily from ethylene oxide. The expansion of ethylene oxide production capacity will be prioritized in the rapidly growing automotive and industrial markets. Consumer preferences for a better lifestyle in Asia Pacific's emerging economies, particularly China and India, are driving demand for polyester fiber, which is driving the ethylene oxide market.

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Ethylene Oxide Market Share Analysis:

Based on region, the Asia Pacific region accounted for 41.54% of the total income, which was the highest. Rising demand for polyester fibers in the region is bolstering the growth of polyester fiber in the region, which is positively favoring the global ethylene oxide market for the forecast period, thanks to developing textile industries and rising consumer spending. Furthermore, the region's growing tourism and travel industry are driving up demand for packaged beverage products, propelling the ethylene oxide market in the coming years.

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Top Companies In The Ethylene Oxide Market

The top three companies in the ethylene oxide market are Dow, Sharq, and Formosa with a market share of 12%, 7%, and 6% respectively.

• Dow Chemical
• Sharq
• Formosa
• Yansab
• Shell
• Al-Jubail Petrochemical Company
• Sinopec
• Reliance
• Basf
• Indorama Ventures
• Ineos
• Huntsman
• PTT Global Chemical
• LyondellBasell
• Indian Oil
• Oriental Union Chemical
• CNPC
• Sibur
• Nippon Shokubai
• India Glycol Limited
• Eastman
• Kazanorgsintez
• Sasol
• Others

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SIMILAR REPORTS

-  The global Ethylene Carbonate (EC) market size is estimated to be worth USD 308.5 Million in 2022 and is forecast to a readjusted size of USD 506.1 Million by 2028 with a CAGR of 8.6% during the review period.

-  The global Ethanolamine market size is estimated to be worth USD 3478.7 Million in 2022 and is forecast to be a readjusted size of USD 4715.3 Million by 2028 with a CAGR of 5.2% during the review period.

-  The global Ethylene Oxide and Ethylene Glycol market size is estimated to be worth USD 43670 Million in 2022 and is forecast to be a readjusted size of USD 58190 Million by 2028 with a CAGR of 4.9% during the forecast period.

-  The global Glyoxal market size is estimated to be worth USD 328 Million in 2022 and is forecast to be a readjusted size of USD 400.8 Million by 2028 with a CAGR of 3.4% during the review period.

-  The global sterilization services market size was valued at USD 3,381 Million in 2020, and is projected to reach USD 5,594 Million by 2030, registering a Compound Annual Growth Rate (CAGR) of 5.1% from 2021 to 2030.

-  The global Ethylene Glycol market size is estimated to be worth USD 32730 Million in 2022 and is forecast to be a readjusted size of USD 38430 Million by 2028 with a CAGR of 2.7% during the review period.

-  The global E-beam Sterilization market size is projected to reach USD 2160.7 Million by 2028, from USD 1072.4 Million in 2021, at a CAGR of 10.4% during 2022-2028.

-  The global Ethylene Copolymers market size is estimated to be worth USD 49690 Million in 2022 and is forecast to be a readjusted size of USD 65570 Million by 2028 with a CAGR of 4.7% during the review period.

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