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Global Ethylene Oxide (EO) Market Expected to Increase at the rate of CAGR of 3.49% from 2014 to 2025

Author: QYResearch  |   Published Date: 2020-01-07   |   Views: 198

Los Angeles, January 7, 2020 -QY Research recently published a research report titled, “Global Ethylene Oxide (EO) Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application”. The global ethylene oxide (EO) market is expected to reach US$36.49 bn by the end of 2025 from US$28.69 bn in 2018, growing at the rate of CAGR of 3.49%.

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Get PDF sample copy of the report athttps://www.qyresearch.com/sample-form/form/1085483/global-ethylene-oxide-eo-market

Global Ethylene Oxide (EO) Market to Grow as the Demand for the PET Industry Rises

PET (polyethylene terephthalate) is the major factor for the increase in demand for ethylene oxide. The main element to manufacture PET is ethylene oxide. PET is majorly used to manufacture packaging material for the food and beverage industry. The PET market is increasing due to the factors like recyclability, strength and versatility. As the demand for PET packages by healthier and premium brands is increasing, the global ethylene oxide market will subsequently rise.

However, ethylene oxide can have harmful effects on humans and environment if not used strictly. This can hinder the growth of ethylene oxide market.

Commercial Applications Poised to Increase Demand for Ethylene Glycol Further

Ethylene glycol can be used as raw material in manufacturing various products such as carpet, pillows and polyester fiber for clothes. It can also be used to keep car engine from freezing as it acts like a coolant to reduce overheating. Other uses for ethylene glycol can be found industrial applications such as ventilating, compressors, heating as well as air conditioning units. Developing nations and industrialization have elevated the ethylene market and is expected to grow further


Regional Outlook for the Global Ethylene Oxide Market

The main regions to drive the global ethylene oxide market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Amongst these regions, Asia Pacific is expected to expand further in upcoming years. The expansion of downstream businesses like manufacturing of PET products and polyester fiber in regions such as South Asia and India, have led the market to success.

Competitive Landscape for the Global Ethylene Oxide Market

The key drivers in the global ethylene oxide market are Dow Chemical, Sharq, Formosa, Yansab, Shell, Al-Jubail Petrochemical Company, Sinopec, Reliance, Basf, Indorama, Ventures, Ineos, Huntsman, PTT Global Chemical, LyondellBasell, Indian Oil, Oriental, Union Chemical, CNPC, Sibur, Nippon Shokubai, India Glycol Limited, Eastman, Kazanorgsintez, and Sasol.

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