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Global Ethylene Oxide Market Size, Share, Demand, Analysis: By Application: Glycol Ethers, Acrylonitrile, Ethoxylates, Ethanolamines, Healthcare Sterilent, Others; By End Use: Chemical Processing, Healthcare, Food and Beverages, Automotive, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Ethylene Oxide Market Outlook
The global ethylene oxide market size reached approximately USD 33.13 billion in 2023. The market is assessed to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of around USD 49.01 billion by 2032.
Key Trends in the Market
Ethylene oxide, also known as C2H4O, is a chemical compound characterised by its lack of colour and high flammability. Ethylene oxide possesses a pleasant, ether-like odour and demonstrates solubility in water. Primarily, it serves as a crucial intermediate in the synthesis of a wide range of chemicals and materials.
- The robust growth of the automotive sector has propelled the ethylene oxide market demand. Ethylene oxide finds extensive usage in the manufacturing of crucial automotive components such as antifreeze agents, brake fluids, and coolants. Considering the escalating global demand for automobiles, especially in emerging economies, the requirement for automotive chemicals derived from ethylene oxide is expected to substantially increase.
- Advancements in technology are another factor driving the ethylene oxide market growth. Significant developments in the production stages have improved the efficiency and safety of ethylene oxide manufacturing. Furthermore, technological advancements in downstream product manufacturing and applications have created lucrative opportunities for utilising ethylene oxide in various end-use sectors.
- The rising importance of sustainability has become a major focus point in many sectors and is a crucial ethylene oxide market trend. Bio-based alternatives, such as bio-ethylene oxide, have emerged as viable options. These alternatives are more sustainable and environmentally friendly, as they reduce the dependency on fossil fuels and help mitigate the environmental impact associated with traditional ethylene oxide production methods.
Market Analysis
Based on application, the market is segmented into glycol ethers, acrylonitrile, ethoxylates, ethanolamine, and healthcare sterilant, among others. The global ethylene oxide market segmentation, on the basis of end-use, can be divided into chemical processing, healthcare, food and beverage, and automotive, among others. The major regional markets for ethylene oxide are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global ethylene oxide market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- 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
- Huntsman International LLC.
- Others
Market Share by End-Use
According to the ethylene oxide market analysis, the automotive sector is likely to register substantial growth during the forecast period. Ethylene oxide is an important substance used for the production of various automotive fluids such as antifreeze, brake fluids, and automotive seating, among others. Antifreeze and brake fluids are essential in cars as they enable the proper functioning of the vehicle under hot and cold climates.
Market Share by Region
The Asia Pacific is likely to hold a major part of the global ethylene oxide market share in the coming years, owing to rapid industrialisation and urban development in the region. Such factors create a surge in the demand for vehicles due to improving lifestyles and growing disposable incomes. Moreover, growing automobile production and the robust growth of the food and beverage sector in countries like Japan, India, and China are expected to boost the demand for ethylene oxide in the coming years.
Competitive Landscape
BASF SE is a multinational chemical company, renowned for its extensive portfolio of chemicals, materials, and innovative solutions. BASF has established itself as a key player in numerous markets worldwide, and it operates with a strong focus on sustainability.
Dow Inc. is a prominent multinational chemical corporation that has a strong presence in various sectors around the world. With the company’s headquarter located in Michigan, the United States, it has engaged in the production and distribution of a wide range of chemical products.
Shell plc, commonly known as Royal Dutch Shell, is a renowned multinational energy corporation that has made a significant impact on the global stage. With a rich and storied history dating back to 1907, the company has evolved into one of the largest integrated energy companies worldwide.
Headquartered in The Hague, the Netherlands, Shell operates across the entire spectrum of the oil and gas sector, demonstrating its presence and influence in exploration, production, refining, distribution, and marketing.
Other ethylene oxide market players include China Petroleum & Chemical Corp (Sinopec), Saudi Basic Industries Corp (SABIC), Nippon Shokubai Co., Ltd., Reliance Industries Limited, Maruzen Petrochemical Co., Ltd., PTT Global Chemical, Huntsman International LLC., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ethylene Oxide Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethylene Oxide Historical Market (2018-2023)
8.3 Global Ethylene Oxide Market Forecast (2024-2032)
8.4 Global Ethylene Oxide Market by Application
8.4.1 Glycol Ethers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Acrylonitrile
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Ethoxylates
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ethanolamines
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Healthcare Sterilent
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Ethylene Oxide Market by End Use
8.5.1 Chemical Processing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Healthcare
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Beverages
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Automotive
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Ethylene Oxide Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Ethylene Oxide Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ethylene Oxide Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ethylene Oxide Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ethylene Oxide Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ethylene Oxide Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 291010)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 China Petroleum & Chemical Corp (Sinopec)
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 BASF SE
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Saudi Basic Industries Corp (SABIC)
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Dow Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Shell plc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Nippon Shokubai Co., Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Reliance Industries Limited
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Maruzen Petrochemical Co., Ltd.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 PTT Global Chemical
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Huntsman International LLC.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ethylene Oxide Market: Key Industry Highlights, 2018 and 2032
2. Global Ethylene Oxide Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Ethylene Oxide Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Ethylene Oxide Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Ethylene Oxide Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Ethylene Oxide Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Ethylene Oxide Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Ethylene Oxide Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Ethylene Oxide Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Ethylene Oxide Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Ethylene Oxide Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Ethylene Oxide Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Ethylene Oxide Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Ethylene Oxide Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Ethylene Oxide Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Ethylene Oxide Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Ethylene Oxide Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Ethylene Oxide Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 33.13 billion.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 49.01 billion by 2032.
Technological advancements in the production processes of ethylene oxide and the substantial increase in the production of vehicle fluids are some of the major driving factors of the market.
The market is guided by the growing focus on sustainability, the development of bio-based ethylene oxide, and rapid urbanisation and industrialisation in developing countries.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end-uses of the product include chemical processing, healthcare, food and beverage, and automotive, among others.
The key players in the 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.
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