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Ethylene Oxide and Ethylene Glycol Market to Witness Growth Acceleration by 2031/ BASF SE, China Petrochemical Corporation, INEOS GROUP HOLDINGS S.A, Reliance Industries Limited, Saudi Basic Industries Corporation, and Shell PLC among others.

05-28-2024 09:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Ethylene Oxide and Ethylene Glycol Market to Witness Growth

The global ethylene oxide and ethylene glycol market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Ethylene glycol's versatility in industries such as automotive, textile, packaging, and construction fuels demand, especially in emerging economies. Its crucial role in polyester fiber production, coupled with its use as an antifreeze agent in automobiles, amplifies market expansion. Technological advancements and research investments contribute to enhanced product quality and efficiency. Moreover, the adoption of bio-based alternatives to meet sustainability goals further boosts market prospects. With the increasing applications and advancements in production technologies, the global ethylene oxide and ethylene glycol market are poised for sustained growth during the forecast period. To meet the growing demand key players are coming with new product launches. 

For instance, in March 2024, BMW is set to introduce its latest generation 5 Series, debuting initially as the i5 variant through the CBU route. The i5, spearheaded by the top-tier i5 M60 xDrive, will make its debut in India, marking the advent of the electric luxury sedan. The i5 will be produced in limited numbers, ensuring exclusivity. With a robust powertrain boasting 601 hp and 820 Nm torque, the i5 M60 xDrive accelerates from 0 to 100 km/h in just 3.8 seconds. It boasts a WLTP range of up to 516 km and features M-specific design elements, including performance brakes, a rear spoiler, and an illuminated grille in Blue.

Further, in March 2024, PACCAR Parts introduced TRP ALLCOOL, an Australian-made coolant formulated with ethylene glycol to safeguard engines from overheating and freezing. Originally designed as a factory fill coolant, TRP ALLCOOL surpasses many OEM requirements when properly maintained. It protects diesel engines from liner pitting and scale deposits while preventing corrosion of metal components in the cooling system. Available in premixed and concentrate formulas and various sizes, TRP ALLCOOL offers universal ethylene glycol anti-freeze and anti-boil properties.

Furthermore, in October 2022, Fernox expands its product range with Heat Transfer Fluid HP-EG, a high-performance inhibited antifreeze containing ethylene glycol for air and ground source heat pump systems. Supplied in concentrated form, Fernox HP-EG extends the lifespan of heat pump systems by safeguarding against corrosion and limescale buildup. Additionally, it provides freeze protection within a temperature range of -10°C to -33°C. With ethylene glycol as its base, this product is specifically formulated for air and ground source heat pumps, with one 20-liter drum treating up to 80 liters. Fernox HP-EG offers lower viscosity compared to propylene glycol-based alternatives, resulting in reduced energy consumption during system circulation. 

To Request a Sample of our Report on Ethylene Oxide and Ethylene Glycol Market: https://www.omrglobal.com/request-sample/ethylene-oxide-and-ethylene-glycol-market 

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

Ethylene Oxide Products 
Ethylene Glycol Products
Ethylene Oxide and glycol Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes BASF SE, China Petrochemical Corporation, INEOS GROUP HOLDINGS S.A, Reliance Industries Limited, Saudi Basic Industries Corporation, and Shell PLC among others. 

Ethylene oxide and Ethylene Glycol Market Report Segment

Ethylene Oxide Products

Ethylene Carbonate
Ethanolamines
Glycol Ethers
Others

Ethylene Glycol Products

Monoethylene Glycol
Triethylene Glycol
Diethylene Glycol 
Polyethylene Terephthalate
Others

By Ethylene Oxide and Glycol Application

Polyester Fibers
PET Resins
Antifreeze
Brake Fluids
Surfactants
Automotive Coolants
Plastics
Others

A full Report of Ethylene Oxide and Ethylene Glycol Market is Available @ https://www.omrglobal.com/industry-reports/ethylene-oxide-and-ethylene-glycol-market

Ethylene oxide and Ethylene Glycol Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Dow Chemical Company
Exxon Mobil Corp.
India Glycols Ltd.
LOTTE Chemical
LyondellBasell Industries Holdings B.V.
Mitsubishi Chemical Corp.
NIPPON SHOKUBAI CO., LTD. 
Pertamina Rosneft Pengolahan&Petrolkimia
Sasol Ltd.
Toyo Engineering Korea Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ethylene-oxide-and-ethylene-glycol-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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