Global Ethylene Oxide Market to Grow at a CAGR of 4.4% During 2024-2032, Driven by the Rising Demand from End Use Sectors

Manufacturers of ethylene glycols, namely, mono-, di-, and tri-ethylene glycol are significant consumers of ethylene oxide. Other major end uses of ethylene oxide include higher-value derivatives, like ethoxylates, ethanolamines, polyethylene glycol, polyether polyols, and glycol ethers. Ethylene oxide is widely adopted by the healthcare sector to sterilise devices and equipment to protect patients from infectious diseases, favouring the ethylene oxide market growth. Ethylene oxide sterilisation is a viable, effective, and efficient mode of sterilising equipment that would otherwise be destroyed and rendered unusable.

Ethylene oxide derivatives are also widely adopted in the manufacturing of semiconductors. The demand for ethylene oxide in semiconductor production is expected to increase in the United States of America owing to the enactment of the CHIPS Act which was signed into law in August 2022.

Moreover, the compound is widely adopted in the processing of crops. The rising demand for food security drives ethylene oxide demand in the agricultural sector. Besides, demulsifers based on ethylene oxide are deployed to enhance the separation of oil from water. The extracted oil finds use for cooking, animal feed supply, or made into biodiesel.

Ethylene oxide also finds use in the production of industrial starches from agricultural materials for adhesive and binding applications and paper making. Some of the major players in the ethylene oxide market are Dow Inc., Shell plc, China Petroleum & Chemical Corp, BASF SE, and Huntsman International LLC (NYSE: HUN), among others.

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Market Breakup by Application, End Use, and Region:

• The market is segmented based on application into glycol ethers, acrylonitrile, ethoxylates, ethanolamines, healthcare sterilent, and others.

• By end use, the market is segmented into chemical processing, healthcare, food and beverages, automotive, and others.

• Region-wise, the global market for ethylene oxide can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Ethylene oxide is deployed to sterilise hospital gowns, surgical tools, plastic tubing and implantable devices before surgery to reduce infection risks. The rising demand for healthcare services including surgeries, aids the ethylene oxide market demand.

• The expanding demand for electric vehicles aids the demand for ethylene oxide in the development of lithium-ion batteries. Ethylene oxide finds use in the production of ethylene carbonate used in lithium-ion batteries, which allows the generated electricity to travel more easily through the battery.

• Ethylene oxide-based surfactants are key ingredients in cleaners used in hospitals, cafeterias, hotels, and restaurants. As the demand for cleaning and sanitation grows, the demand for ethylene oxide, to make household cleaners and personal care items is also expected to increase.

• Ethylene oxide-based glycol ether solvents are deployed in photoresist and photoresist stripper products in semiconductor manufacturing processes. The rising demand for semiconductors in consumer electronics aids the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for ethylene oxide for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the application, end use, and major regions of ethylene oxide.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the ethylene oxide market are China Petroleum & Chemical Corp (Sinopec), BASF SE, Saudi Basic Industries Corp (SABIC), Dow Inc., Shell plc, Nippon Shokubai Co., Ltd., Reliance Industries Limited, Maruzen Petrochemical Co., Ltd., PTT Global Chemical, and Huntsman International LLC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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