Ethylene oxide and Ethylene Glycol Market worth $51.9 billion by 2029 | Key players BASF SE (Germany), SABIC (Saudi Arabia), Shell Plc (UK), Dow Chemical Company (US).

According to recent market research the "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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Ethylene glycol holds the most significant shares in the ethylene oxide and ethylene glycol market due to its versatile applications and widespread use across various industries. As a key raw material, ethylene glycol is essential in the production of polyester fibers, PET resins, antifreeze solutions, and other products used in automotive, textiles, plastics, and packaging sectors. Its properties, such as thermal stability, hygroscopic nature, and compatibility with different materials, make it a preferred choice for manufacturers. Additionally, the growing demand for ethylene glycol in emerging economies, coupled with advancements in production technologies and sustainable practices, further solidifies its dominant position in the market, driving continued growth and revenue generation.

The polyester fibers application holds the most significant shares in the ethylene oxide and ethylene glycol market due to its wide-ranging uses and favorable properties. 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 polyester fibers in emerging economies, coupled with innovations in production techniques, further enhances their dominance in the ethylene oxide and ethylene glycol market's application segment.

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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.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the ethylene oxide and ethylene glycol market. These are BASF SE (Germany), SABIC (Saudi Arabia), Shell Plc (UK), Dow Chemical Company (US), and ExxonMobil Corporation (US).

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Saudi Basic Industries Corporation (SABIC) is world's one of the leading petrochemical manufacturers operating in the non-oil industrial sector. SABIC operates through four business units, Petrochemicals, Specialties, Agri-Nutrients, and Metals (Hadeed). The company supplies its broad range of products across various industries, including construction, medical devices, packaging, transportation, clean energy, and others. The company offers ethylene oxide & ethylene glycol through its petrochemicals & specialties business unit. SABIC has a global presence, operates 65 manufacturing/compounding sites, and sells in more than 100 countries across North America, South America, Middle East & Africa, Asia Pacific, and Europe. The company has 9,948 patents and pending applications and 18 technology and innovation centers across the globe.

Shell PLC, popularly known as Shell, is among the leading energy and petrochemical companies worldwide. It operates through five business segments namely, integrated gas, upstream, renewables and energy solutions, marketing, and chemicals and products. The company offers ethylene glycol and ethylene oxides as a part of its chemicals & products business segment. Shell PLC's facilities manufacture various foundational chemicals, comprising ethylene, propylene, and aromatics, along with intermediary chemicals like styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. The company's products made from chemicals are used in everyday life in medical equipment, construction, transport, electronics, agriculture, sports, and others. It has the capacity to produce around 8.1 million tonnes of ethylene a year. Shell has its chemicals manufacturing facilities in Norco in the USA, Scotford in Canada, Pernis in the Netherlands, Rheinland in Germany, and Pulau Bukom in Singapore. The company has its geographical presence in more than 100 countries in regions, including Europe, Americas, Middle East & Africa, and Asia Pacific.

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