Ethylene Oxide Market Report by Derivative (Ethylene Glycols, Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Others), End User Industry (Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, and Others), and Region 2024-2032

Ethylene Oxide Market Report by Derivative (Ethylene Glycols, Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Others), End User Industry (Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A11880
Buy Now

Market Overview:

The global ethylene oxide market size reached US$ 51.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 74.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032. The growing demand for polyester fibers, increasing focus on hygiene maintenance in the healthcare sector, and rising employment of various cleaning products for sanitizing surfaces and preventing the spread of infectious viruses are some of the major factors propelling the market.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 51.3 Billion
Market Forecast in 2032 US$ 74.5 Billion
Market Growth Rate 2024-2032
4.2%


Ethylene oxide is an organic compound that is highly flammable and reactive, making it necessary to handle it with caution. It is widely used as a sterilizing agent for medical equipment and supplies. It effectively kills bacteria, viruses, and other microorganisms, making it valuable for ensuring the safety of medical devices and instruments. It is utilized in the production of flexible polyurethane foams, which find applications in manufacturing furniture, mattresses, car seats, and insulation materials.

Ethylene Oxide Market

At present, the increasing demand for ethylene oxide for the production of polyethylene terephthalate (PET) resins is impelling the growth of the market. Besides this, the growing utilization of plastic bottles for packing various beverages and food products is offering a favorable market outlook. In addition, the rising utilization of ethylene oxide as a vital raw material to produce several chemicals, including surfactants, detergents, ethanolamines, and glycol ethers, is contributing to the growth of the market. Apart from this, the increasing purchase of various skin and hair care products for maintaining the quality of skin and hair is supporting the growth of the market. Additionally, the rising employment of various cleaning products for sanitizing surfaces and preventing the spread of infectious viruses is strengthening the growth of the market.

Ethylene Oxide Market Trends/Drivers:

Rising demand for polyester fiber

At present, the rising demand for polyester fiber in the textile industry is positively influencing the ethylene oxide market. Polyester fiber is experiencing increased demand due to its versatility, affordability, and durability, leading to a greater need for ethylene oxide as a key raw material in its production. The textile industry is witnessing significant growth, driven by factors, such as population growth, rising disposable incomes, and changing fashion trends. Polyester fibers are in high demand for various textile applications, including apparel, home furnishings, carpets, and industrial textiles. Besides this, polyester fibers offer advantages, such as durability, easy care, and resistance to wrinkles and shrinking, making them a preferred choice for consumers and manufacturers. Furthermore, the increasing demand for polyester fibers directly impacts the ethylene oxide market as it is an essential component in their production.

Increasing focus on hygiene maintenance in the healthcare sector

Ethylene oxide is widely used in the sterilization of medical equipment, pharmaceutical products, and healthcare facilities. Besides this, ethylene oxide is known for its ability to penetrate various materials and reach deep into intricate medical devices, ensuring thorough sterilization. It can effectively sterilize heat- or moisture-sensitive equipment that cannot withstand high temperatures or moisture-based sterilization methods. Its compatibility with a wide array of materials makes it a preferred choice for sterilizing medical instruments. Moreover, the rising focus on infection control and the increasing number of surgical procedures are fueling the demand for ethylene oxide sterilization. Additionally, the pharmaceutical industry relies on ethylene oxide to produce various medications, which is further contributing to the market growth.

Growing technological advancements and innovations

The rising technological advancements and innovations are positively influencing the ethylene oxide market. Companies are focusing on developing new production methods to enhance efficiency and improve the overall sustainability of the process. Besides this, the development of catalysts with higher selectivity and improved energy efficiency is gaining traction. Additionally, ongoing research and development (R&D) activities are finding alternative feedstocks and exploring new applications for ethylene oxide, which is further expanding the market potential. Besides this, researchers are focusing on exploring greener alternatives due to rising environmental concerns around the world. They are also focusing on the development of bio-based ethylene oxide production methods, which involve using renewable feedstocks, such as ethanol derived from biomass, rather than relying solely on fossil fuel-derived ethylene.

Ethylene Oxide Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ethylene oxide market report, along with forecasts at the global, regional and country levels for 2024-2032. Our report has categorized the market based on the derivative and end-use industry.

Breakup by Derivative:

Ethylene Oxide Market

  • Ethylene Glycols
    • Monoethylene Glycol (MEG)
    • Diethylene Glycol (DEG)
    • Triethylene Glycol (TEG)
  • Ethoxylates
  • Ethanolamines
  • Glycol Ethers
  • Polyethylene Glycol
  • Others
     

Ethylene glycols dominates the market

The report has provided a detailed breakup and analysis of the market based on the derivative. This includes ethylene glycols (monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG)), ethoxylates, ethanolamines, glycol ethers, polyethylene glycol, and others. According to the report, ethylene glycols (monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG)) represented the largest segment.

Ethylene glycols are a class of organic compounds that belong to the family of glycols. Ethylene glycol is a key component in automotive antifreeze and engine coolant formulations. It helps prevent the freezing of liquids in the cooling system and acts as a heat transfer fluid. Ethylene glycol is a major raw material in the production of polyester fibers and resins. It is used in the textile industry for manufacturing clothing, carpets, and upholstery, as well as in the production of bottles and packaging materials.

Ethoxylates are a class of chemical compounds that are derived from ethylene oxide through a process known as ethoxylation. It is widely used as a nonionic surfactant due to its ability to lower surface tension and improve the wetting, emulsifying, and dispersing properties of various products. It is used in detergents, cleaning agents, personal care products, agricultural formulations, and industrial applications.

Polyethylene glycol (PEG) is a versatile polymer that belongs to the class of polyether compounds. It is produced through the polymerization of ethylene oxide, resulting in a chain of repeating ethylene glycol units. It is also used as an excipient in drug formulations. It serves as a solubilizing agent, enabling the delivery of poorly soluble drugs and enhancing their bioavailability.

Breakup by End User Industry:

  • Automotive
  • Agrochemicals
  • Food and Beverage
  • Textile
  • Personal Care
  • Pharmaceuticals
  • Detergents
  • Others
     

Automotive holds the largest share of the market

A detailed breakup and analysis of the market based on the end user industry have also been provided in the report. This includes automotive, agrochemicals, food and beverage, textile, personal care, pharmaceuticals, detergents, and others. According to the report, automotive accounted for the largest market share.

Ethylene oxide is one of the raw materials used in the production of ethylene glycol, which is a key component in automotive antifreeze. Ethylene glycol helps regulate the engine temperature and prevents coolant from freezing or boiling, ensuring optimal engine performance. Ethylene oxide is also used in the production of flexible polyurethane foam, which finds applications in automotive seat cushions, headrests, armrests, and interior trims.

Ethylene oxide is a powerful sterilizing agent, and it is used to sterilize equipment, such as tanks, containers, and packaging materials, utilized to produce and store agrochemicals. Ethylene oxide is employed in the production of certain chemicals or intermediates used in the manufacturing of pest control products, including insecticides, herbicides, and fungicides.

Ethylene oxide is employed as a reactant or intermediate in the synthesis of numerous active pharmaceutical ingredients (APIs). It is used in the production of certain drugs, such as antibiotics, hormones, and analgesics.

Breakup by Region:

Ethylene Oxide Market

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia Pacific exhibits a clear dominance, accounting for the largest ethylene oxide market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. 

Asia Pacific held the biggest market share due to the rising purchase of personal vehicles to commute comfortably. Besides this, the increasing focus on manufacturing high-quality textiles is propelling the growth of the market.

Apart from this, the rising utilization of PET material in the packaging industry is contributing to the growth of the market. Moreover, the increasing demand for automotive antifreeze and coolants is supporting the growth of the market.

North America is estimated to expand further due to the rising focus on maintaining hygiene in the healthcare industry. In addition, the growing demand for various anti-aging skin care products among the masses is bolstering the growth of the market.

Competitive Landscape:

Key market players are investing in enhanced production processes, improving product quality, and developing innovative applications. They are also exploring new catalyst technologies, process optimizations, and operational efficiencies to increase yields and reduce costs of manufacturing ethylene oxide. Leading companies are expanding their production capacities to meet the growing demand for ethylene oxide and its derivatives. They are also adopting sustainable practices and focusing on reducing their environmental footprint. Top companies are focusing on implementing energy-efficient technologies, recycling and reusing waste streams, lowering greenhouse gas emissions, and ensuring compliance with environmental regulations. Leading companies are prioritizing safety measures and complying with stringent regulatory standards. They are investing in safety training, adopting best practices, and implementing robust safety protocols to protect employees, communities, and the environment against harmful chemicals.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • BASF SE
  • China Petrochemical Corporation
  • India Glycols Limited
  • Indorama Ventures Public Company Limited
  • INEOS Group Limited
  • Linde plc
  • Lotte Chemical Corporation
  • LyondellBasell Industries Holdings B.V.
  • Nippon Shokubai Co. Ltd.
  • PTT Global Chemical Public Company
  • Saudi Arabia's Basic Industries Corporation (Aramco Chemicals Company)
  • Shell plc


Ethylene Oxide Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Derivative
  • End User Industry
  • Region 
Derivatives Covered
  • Ethylene Glycols: Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)
  • Ethoxylates
  • Ethanolamines
  • Glycol Ethers
  • Polyethylene Glycol
  • Others
End User Industries Covered Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BASF SE, China Petrochemical Corporation, India Glycols Limited, Indorama Ventures Public Company Limited, INEOS Group Limited, Linde plc, Lotte Chemical Corporation, LyondellBasell Industries Holdings B.V., Nippon Shokubai Co. Ltd., PTT Global Chemical Public Company, Saudi Arabia's Basic Industries Corporation (Aramco Chemicals Company), Shell plc, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global ethylene oxide market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global ethylene oxide market?
  • What is the impact of each driver, restraint, and opportunity on the global ethylene oxide market?
  • What are the key regional markets?
  • Which countries represent the most attractive ethylene oxide market?
  • What is the breakup of the market based on the derivative?
  • Which is the most attractive derivative in the ethylene oxide market?
  • What is the breakup of the market based on the end user industry?
  • Which is the most attractive end user industry in the ethylene oxide market?
  • What is the competitive structure of the global ethylene oxide market?
  • Who are the key players/companies in the global ethylene oxide market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ethylene oxide market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global ethylene oxide market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ethylene oxide industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Ethylene Oxide Market Report by Derivative (Ethylene Glycols, Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Others), End User Industry (Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More