The report “Ethylene oxide and Ethylene Glycol Market by Product Type (Ethylene Glycol, Ethoxylates, Ethanolamines, Glycol Ethers), Application (Polyester Fibers, Antifreeze & Coolants, PET Resins), End-Use Industries, and Region – Global Forecast to 2029″, is expected to grow at a CAGR of 5.5% during the forecast period, from an estimated USD 39.7 billion in 2024 to USD 51.9 billion by 2029. The growth of the ethylene oxide and ethylene glycol market is propelled by various factors. One significant driver is the rising demand from industries like automotive, textiles, and plastics for ethylene glycol, which is used in manufacturing PET resins and antifreeze solutions. Additionally, the increased requirement for ethylene oxide in healthcare sterilization, alongside advancements in production technologies and sustainability practices, continues to drive market expansion. Furthermore, the expanding use of ethylene glycol in emerging economies due to industrial and urban development presents growth opportunities for the market.
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• 242 Market data Tables
• 57 Figures
• 262 Pages and in-depth TOC on “Ethylene oxide and Ethylene Glycol Market – Global Forecast to 2029″
• 57 Figures
• 262 Pages and in-depth TOC on “Ethylene oxide and Ethylene Glycol Market – Global Forecast to 2029″
Some of the prominent key players are:
- BASF SE (Germany),
- SABIC (Saudi Arabia),
- Shell Plc (UK),
- Dow Chemical Company (US),
- ExxonMobil Corporation (US) and many more….
Opportunity: Growing Asia Pacific Market
Asia-Pacific has emerged as not only one of the most popular production spots but also the highest consumer of ethylene oxide and ethylene glycol. Key end-user industries such as construction, automotive, packaging, and electronics are expected to grow for the next five years in Asia-Pacific, with China, India, Thailand, and Malaysia being the most promising prospects. In addition, rapid industrialization, urbanization, and population growth in countries such as China, India, and Southeast Asian nations have fueled demand for a wide range of products that use ethylene oxide and ethylene glycol as essential ingredients.However, the increasing disposable incomes and changing consumer lifestyles in Asia-Pacific have led to rising demand for consumer goods, including household and personal care products, where ethylene oxide derivatives play a crucial role. The shift towards premium and specialized products further enhances the demand for ethylene oxide and ethylene glycol in the region. Furthermore, the expanding manufacturing base and investments in infrastructure projects create opportunities for ethylene oxide and ethylene glycol producers to supply raw materials to a diverse range of industries. This includes the development of new production facilities, technological advancements, and collaborations with local partners to meet the growing market demands efficiently.
Textile is anticipated to be the most significant ethylene oxide and ethylene glycol market segment, by end-use industries, during the forecast period.
The Textile end-use industry holds the most significant shares in the ethylene oxide and ethylene glycol market due to the extensive utilization of ethylene glycol in polyester fiber production. Polyester fibers, derived from ethylene glycol through polymerization processes, exhibit exceptional strength, durability, and resistance to wrinkles and shrinking. These qualities make polyester fibers ideal for various applications such as textiles, apparel, home furnishings, industrial fabrics, and non-woven materials. Additionally, the versatility of polyester fibers allows for the production of a wide range of products, including clothing, upholstery, carpets, and technical textiles used in automotive and aerospace industries. The growing demand for textiles in emerging economies, coupled with innovations in production techniques, further enhances the dominance of the Textile industry in the ethylene oxide and ethylene glycol market’s end-use segment.
Asia Pacific is expected to be the fastest-growing region in the global ethylene oxide and ethylene glycol market, by region, during the forecast period.
The Asia Pacific region is experiencing rapid growth in the ethylene oxide and ethylene glycol market due to several key factors. Firstly, the region’s robust industrialization, particularly in countries like China, India, and Southeast Asian nations, fuels substantial demand for ethylene glycol across industries such as automotive, textiles, plastics, and packaging. Additionally, the expanding population and increasing disposable incomes in these economies drive higher consumption of ethylene glycol-based products like PET resins, polyester fibers, and antifreeze solutions. Furthermore, supportive government policies, investments in infrastructure, and advancements in technology further contribute to the market’s growth trajectory in the Asia Pacific region, making it an attractive and profitable market for ethylene oxide and ethylene glycol stakeholders.
