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Ethylene Oxide Market

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:

  • Application
  • End Use
  • Region
Breakup by Application
  • Glycol Ethers
  • Acrylonitrile
  • Ethoxylates
  • Ethanolamines
  • Healthcare Sterilent
  • Others
Breakup by End Use
  • Chemical Processing
  • Healthcare
  • Food and Beverages
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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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