Ethylene Oxide Market Scope
Ethylene oxide is a colorless, sweet-smelling gas that is flammable at room temperature. Its main application is in the production of various chemicals, including antifreeze. It also finds use as a sterilizing agent and a pesticide in smaller quantities. Ethylene oxide's capacity to harm DNA is what makes it an effective sterilizing agent, but it is also responsible for its carcinogenic properties. Ethylene oxide is widely used for sterilizing medical equipment and devices. The growth of the healthcare industry, especially during times of increased demand (such as during pandemics), can boost the demand for ethylene oxide.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Dow Chemical (United States), Yansab (Saudi Arabia), Shell (United Kingdom), Al-Jubail Petrochemical Company (Saudi Arabia), Sinopec (China), Reliance (India), Basf ( Germany), Indorama Ventures (Thailand), Ineos (United Kingdom) and Huntsman ( United States) |
CAGR | % |
The competitive landscape of the ethylene oxide market is shaped by various factors, including the presence of key players, market share distribution, product offerings, geographic reach, and growth strategies
Dow Chemical (United States), Yansab (Saudi Arabia), Shell (United Kingdom), Al-Jubail Petrochemical Company (Saudi Arabia), Sinopec (China), Reliance (India), Basf ( Germany), Indorama Ventures (Thailand), Ineos (United Kingdom) and Huntsman ( United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are PTT Global Chemical (Thailand), LyondellBasell (Netherlands), Indian Oil (India), Oriental Union Chemical (Taiwan) and CNPC (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ethylene Oxide market by Type , by Application (Ethylene glycols, Ethanol amines, Ethoxylates, Polyethylene glycols, Ethylene glycol ethers, Diethylene glycol and triethylene glycol and Others) and Region with country level break-up.
On the basis of geography, the market of Ethylene Oxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2023, LyondellBasell successfully finalized its acquisition of Mepol Group, a manufacturer based in Italy and Poland, specializing in the production of recycled high-performance technical compounds.
In May 2023, Dow and New Energy Blue unveiled a collaborative effort to pioneer renewable plastic materials derived from corn residue. This partnership involves Dow's commitment to procuring bio-based ethylene produced from this sustainable source, with the aim of reducing carbon emissions associated with plastic manufacturing. The bio-based ethylene will be utilized in recyclable applications across various sectors, including transportation, footwear, and packaging.
Ethylene oxide-containing products must be properly labeled, and documentation regarding their content and potential hazards must be provided to downstream users. Failure to comply with labeling and documentation requirements can lead to legal and safety issues
Influencing Trend:
The use of ethylene oxide for sterilizing medical equipment and devices has seen a steady increase, driven by the need for infection control in healthcare facilities
Market Growth Drivers:
The primary use of ethylene oxide is as a raw material in the production of chemicals, including ethylene glycol, surfactants, and detergents. The demand for these downstream products can significantly drive the ethylene oxide market
Challenges:
As the safety and environmental concerns related to ethylene oxide sterilization become more prominent, industries may seek alternative sterilization methods, potentially reducing the demand for ethylene oxide in certain applications
Restraints:
Stringent safety regulations and environmental concerns can limit its production and use, leading to increased compliance costs and reduced availability
Opportunities:
Growth of the automotive industry, especially in emerging markets, presents opportunities for increased demand for these products