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Ethylene Oxide Market Size (2024 - 2029)

The ethylene oxide market is anticipated to experience growth over the forecast period, driven by increased usage in the food and beverage sector, rising demand for household and personal care products in developing regions, and a growing need for antifreeze agents. Despite challenges posed by health and environmental concerns related to high exposure, the market's expansion is supported by opportunities in using bio-derived ethylene. The Asia-Pacific region is projected to hold a significant market share and exhibit the fastest growth.

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Market Size of Ethylene Oxide Industry

Ethylene Oxide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Ethylene Oxide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Ethylene Oxide Market Analysis

The ethylene oxide market is expected to grow with a CAGR of over 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. The global beauty and personal care industry has been significantly affected by the COVID-19 pandemic. Though the industry has restructured itself to engage in the production of hand sanitizers and cleaning agents, however, the drop in sales has been significant. The demand from the industry has recovered in 2021 and is likely to grow at a moderate rate in the coming years.

  • Over the short term, the major factors driving the market are the growing usage of PET in the food and beverage industry, increasing demand for household and personal care products in developing countries, and growing demand for antifreeze agents.
  • However, the health and environmental effects of high exposure can hinder market growth.
  • Using bio-derived ethylene over petro-based ethylene for production can act as an opportunity for the market studied.
  • The Asia-Pacific region is expected to witness the highest market share and fastest growth during the forecast period.

Ethylene Oxide Industry Segmentation

Ethylene oxide is produced from ethylene, majorly by direct oxidation. Ethylene is primarily produced from petrochemical-based raw materials, such as naptha, ethane, and propane, which are obtained from the distillation of crude oil. The market is segmented on the basis of derivative, end-user industry, and geography. By derivative, the market is segmented into ethylene glycols, ethoxylates, ethanolamines, glycol ethers, polyethylene glycol, and other derivatives. By end-user industry, the market is segmented into automotive, agrochemicals, food and beverage, textile, personal care, pharmaceuticals, detergents, and other end-user industries. The report also covers the market size and forecasts for ethylene oxide in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Derivative
Ethylene Glycols
Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Ethoxylates
Ethanolamines
Glycol Ethers
Polyethylene Glycol
Other Derivatives
End-user Industry
Automotive
Agrochemicals
Food and Beverage
Textile
Personal Care
Pharmaceuticals
Detergents
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Ethylene Oxide Market Size Summary

The ethylene oxide market is poised for growth, driven by increasing demand in various sectors such as food and beverage, household, and personal care products, particularly in developing regions. The market experienced a setback due to the COVID-19 pandemic, which significantly impacted the beauty and personal care industry. However, recovery began in 2021, with moderate growth anticipated in the following years. The market's expansion is supported by the rising use of PET in the food and beverage industry and the growing demand for antifreeze agents. Despite potential hindrances from health and environmental concerns, the shift towards bio-derived ethylene presents a promising opportunity for market advancement. The Asia-Pacific region is expected to dominate the market, benefiting from its robust industrial activities and increasing consumption of ethylene oxide and its derivatives.

The textile industry stands out as a significant end-user of ethylene oxide, utilizing its derivatives for various applications such as fiber treatment and stabilization. Major textile-producing countries like India, China, and the United States are likely to drive demand in this sector, supported by rising investments and improved infrastructure. The Asia-Pacific region, particularly China, plays a crucial role in the global ethylene oxide market, being a leading consumer and producer of surfactants and PET resins. The region's status as a major automotive manufacturing hub further contributes to the demand for ethylene oxide. Key industry players, including Shell plc, China Petrochemical Corporation, Dow, SABIC, and BASF SE, are actively expanding their operations to meet the growing market needs, with significant developments in China and the United States enhancing production capacities.

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Ethylene Oxide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Usage of PET in the Food and Beverage Industry

      2. 1.1.2 Increasing Demand for Household and Personal Care Products in the Developing Countries

    2. 1.2 Restraints

      1. 1.2.1 Health and Environmental Effects over High Exposure

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Derivative

      1. 2.1.1 Ethylene Glycols

        1. 2.1.1.1 Monoethylene Glycol (MEG)

        2. 2.1.1.2 Diethylene Glycol (DEG)

        3. 2.1.1.3 Triethylene Glycol (TEG)

      2. 2.1.2 Ethoxylates

      3. 2.1.3 Ethanolamines

      4. 2.1.4 Glycol Ethers

      5. 2.1.5 Polyethylene Glycol

      6. 2.1.6 Other Derivatives

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Agrochemicals

      3. 2.2.3 Food and Beverage

      4. 2.2.4 Textile

      5. 2.2.5 Personal Care

      6. 2.2.6 Pharmaceuticals

      7. 2.2.7 Detergents

      8. 2.2.8 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Ethylene Oxide Market Size FAQs

The Ethylene Oxide Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

BASF SE, SABIC, Dow, Shell plc and China Petrochemical Corporation are the major companies operating in the Ethylene Oxide Market.

Ethylene Oxide Market Report Snapshots

Ethylene Oxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)