Ethylene Oxide (EO) is a highly reactive chemical used primarily as an intermediate in the production of ethylene glycol and other chemicals. It is also utilized as a sterilizing agent for medical equipment and a fumigant in agriculture. Ethylene Glycol (EG) is a key derivative of ethylene oxide, widely used as an antifreeze in cooling systems, as well as a raw material in the production of polyester fibers, resins, and plastic bottles.

The ethylene oxide and ethylene glycol market size is projected to grow from USD 39.7 billion in 2024 to USD 51.9 billion by 2029, registering a CAGR of 5.5% during the forecast period. The ethylene oxide and ethylene glycol market end-use industries such as automotive, textiles, and plastics for ethylene glycol in manufacturing processes and products like PET resins and antifreeze solutions is a major driver.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=398

Ethylene Oxide and Ethylene Glycol Market Demand
The market demand for ethylene oxide (EO) is largely driven by its role as a key intermediate in the production of ethylene glycol, which is essential for manufacturing polyester fibers and antifreeze. As the textile and automotive industries continue to grow, particularly in emerging markets, the demand for ethylene glycol—and by extension, ethylene oxide—is on the rise.

Additionally, ethylene oxide is in high demand for its use in producing surfactants, ethanolamines, and other chemicals used in various industrial applications, including personal care products and detergents. The sterilization of medical equipment, a critical use of ethylene oxide, has seen increased demand, especially in light of global health challenges. Overall, the ethylene oxide market is expected to see steady growth, supported by expanding industrial applications and the rising demand for its derivatives.

Ethylene Oxide and Ethylene Glycol Market Segmentation
On the basis of product type

Ethylene Oxide
Ethoxylates
Ethanolamines
Glycol Ethers
Others
Ethylene Glycol
Monoethylene Glycol
Triethylene Glycol
Diethylene Glycol
Others
Ethylene Glycol, by product type, is expected to be the most significant ethylene oxide and ethylene glycol market segment during the forecast period.

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.

Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=398

On the basis of application

Polyester Fibers
Antifreeze and Coolants
PET Resins
Others
Polyester fibers is anticipated to be the most significant ethylene oxide and ethylene glycol market segment, by application, during the forecast period.

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.

On the basis of end-use industry

Textile
Packaging
Automotive
Chemical Manufacturing
Medical & Pharmaceuticals
Others
Textile is anticipated to be the most significant ethylene oxide and ethylene glycol market segment, by end-use industries, during the forecast period.

The Textile end-use industry holds the most significant shares in the ethylene oxide and ethylene glycol market due to the extensive utilization of ethylene glycol in polyester fiber production. 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 textiles in emerging economies, coupled with innovations in production techniques, further enhances the dominance of the Textile industry in the ethylene oxide and ethylene glycol market's end-use segment.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=398

On the basis of region

Asia Pacific
Europe
North America
Middle East & Africa
South America
Asia Pacific is expected to be the fastest-growing region in the global ethylene oxide and ethylene glycol market, by region, during the forecast period.

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.

Ethylene Oxide and Ethylene Glycol Market Trending Key Players
☑️ BASF SE (Germany)

☑️ SABIC (Saudi Arabia)

☑️ Shell Plc (UK)

☑️ Dow Chemical Company (US)

☑️ ExxonMobil Corporation (US)

Recent Developments

✔️ In December 2023, INEOS has acquired the LyondellBasell ethylene oxide and derivatives business and production facility at Bayport Texas for USD 700 Million. This deal includes the 420kt Ethylene Oxide plant, the 375kt Ethylene Glycols plant and the 165kt Glycol Ethers plant, together with all associated third-party business on the site.

✔️ In July 2023, INEOS has signed a deal to acquire TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (naphtha storage), which are all currently joint ventures between the two companies. A number of other infrastructure assets are also contained in the deal including part of TotalEnergies ethylene pipeline network in France.

✔️ In July 2023, LyondellBasell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o, will be subsidiaries in LyondellBasell's Advanced Polymer Solutions (APS) business unit. This acquisition also strengthens the I&D business unit of LyondellBasell through which it offers ethylene glycol and ethylene oxide.