The global ethylene oxide and ethylene glycol market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Ethylene oxide and ethylene glycol are complex chemicals that achieve strong market growth. The trends that include the widespread use of ethylene oxide sterilization in the elimination of medical impurities is driving the market growth. Hospital-acquired infections are a major challenge that needs to be addressed urgently by health services around the world. As ethylene oxide is a low-temperature disinfectant and has effective sporicidal and bactericidal activity.
It is widely used to disinfect medical equipment and health care products such as bandages and ointments. In addition, Consumers have begun to choose better-packaged foods and beverage products. The increase in the use of PET bottles is a driver of the growing market demand for ethylene oxide and ethylene glycol. The increase in car sales is also driving the market for ethylene oxide as it finds its use in seat belts.
Farsa Chimi Co., Formosa Plastics Corp., LG Electronics Inc., and Reliance Industries Ltd., among others are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
For instance, in July 2021, Clariant AG, along with India Glycols Ltd., announced the successful construction of their joint venture 51-49% of renewable ethylene oxide emissions after obtaining all necessary regulatory permits. The joint venture operates under the name Clariant IGL Specialty Chemicals Private Limited.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Dow Inc., Farsa Chimi Co., Formosa Plastics Corp., LG Electronics Inc., and Reliance Industries Ltd., among others.
A full report Ethylene Glycol and Ethylene Oxide Market of is available at: https://orionmarketreports.com/global-ethylene-glycol-and-ethylene-oxide-market/93881/
Global Ethylene Glycol and Ethylene Oxide Market Report by Segment
By Product Type
- Ethylene Glycol
- Ethoxylate
- Ethanolamine
- Polyols
- Pharmaceutical
By Application
- Polyester Fiber
- Polyester Resin
- Antifreeze
- Polyester Film
- Other
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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