Ethylene Oxide and Ethylene Glycol Market 2018-2026 Ongoing Trend | Growing at Remarkable CAGR of 8.1% with BASF SE, Clariant Ag, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Ineos Oxide, Formosa Plastics Group

Industry Highlights

Global Ethylene Oxide and Ethylene Glycol Market is expected to grow at a CAGR of 8.1% during the forecast period. Rising need for antifreeze in automobiles and increasing demand for PET bottles from the packaging industry are some of the key factors driving the growth of the market. However, instability of raw material costs and lack of raw materials are hindering the market growth. Additionally, the growing demand for polyester fibers in the APAC region is expected to boost the growth of the market.

Ethylene oxide (EO) and ethylene glycol (EG) are widely used industrial organic intermediates. More than one-half of all EG produced goes into polyester fibers, resins and films and rest goes into antifreeze for automotive applications. Nearly all EG is made from EO by thermal hydration. The largest application for EO is EG production, but EO is also used in the producing of ethanolamines, glycol ethers, polyethylene glycols and surfactants.

Amongst applications, ethoxylates segment is likely to grow at a maximum CAGR during the forecast period, owing to rising requirement for the product in industrial applications such as wetting agents and anti foam.

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Market Top Player’s

Some of the key players in Ethylene Oxide and Ethylene Glycol Market include BASF SE, Clariant Ag, China Petroleum & Chemical Corporation (Sinopec), Exxon Mobil Corporation, Ineos Oxide, Formosa Plastics Group, Kuwait Petroleum Corporation, Huntsman Corporation, Honam Petrochemical Corporation, Reliance Industries Limited, Saudi Basic Industries Corporation, Sinopec Shanghai Petrochemical Company Limited, Lyondellbasell Industries, Royal Dutch Shell Plc, Akzonobel N.V., and The Dow Chemical Company.

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Market Segments

By geography, Asia-Pacific is expected to be the fastest growing market during the forecast period owing to huge demand for polyester fibers in China and India. Factors such as fast industrialization and the progress in infrastructure and the increasing demand for PET resins from the packaging industry also contribute to the growth of the market in this region.

Applications covered:
• Automotive Antifreeze
• PET Resins
• Polyester Films
• Ethoxylates
• Polyols
• Ethanolamines
• Ethylene Glycol
• Glycol Ethers
• Fibers
• Other Applications
Regions Covered:
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France

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This release was published on openPR.