According to a market report by Lucintel, the future of the ethylene oxide market looks promising with opportunities in the automotive, agrochemicals, food & beverages, textile, personal care, and pharmaceutical markets. The global ethylene oxide market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increase in demand from personal healthcare and automotive industries, upsurge in demand for PET bottles from packaging industries and rapid increase in demand for automotive parts.
In this market, ethylene glycol, ethoxylates, ethanolamines, glycol ethers, and polyethylene are the major segments of ethylene oxide market by product. Lucintel forecast that ethylene glycol will remain the largest segment over the forecast period due to the rising demand for anti-freeze for engines in sub-temperate and temperate regions.
Automotive is expected to remain the largest segment by end use as monoethylene glycol is a key derivative od ethylene oxide used for producing anti-freeze and brake fluid for cars.
APAC will remain the largest region due to the growing of the fast-spreading industrial base and growing per capita income in advancing nations.
SABIC, BASF, Formosa Plastics, Huntsman International, India Glycol, Indian Oil, Indorama Ventures, INEOS, LyondellBasell Industries Holdings, and Nippon Shokubai are the major suppliers in the global ethylene oxide market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ethylene oxide market by product, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Ethylene Oxide Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global ethylene oxide market by product, end use industry, and region, as follows:
Ethylene Oxide Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Ethylene Glycol
· Ethoxylates
· Ethanolamines
· Glycol Ethers
· Polyethylene
· Others
Ethylene Oxide Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Automotive
· Agrochemicals
· Food & Beverages
· Textile
· Personal Care
· Pharmaceuticals
· Others
Ethylene Oxide Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Ethlene Oxide Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ethylene oxide market by product (ethylene glycol, ethoxylates, ethanolamines, glycol ethers, polyethylene, and others), end use industry (automotive, agrochemicals, food & beverages, textile, personal care, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?