DUBLIN--(BUSINESS WIRE)--The "Global Ethylene Oxide Market - Segmented by Product, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global ethylene oxide market is expected to witness a CAGR of approximately 5.8% during the forecast period 2018-2023.
The consumption of Polyethylene Terephthalate (PET) resin has increased at a rapid pace over the past few years. There has been a significant rise in the demand for PET in the developing countries, like Brazil, Russia, India, China, and South Africa. PET resins demand has been at a rise owing to its increasing preference as packaging materials in food & beverages items. It offers properties such as 100% recyclability, rigidity & transparency, and eco-friendly nature.
Ethylene glycol is expected to be the largest consumer for ethylene oxide during the forecast period. Monoethylene glycol (MEG) is used extensively in the textile industry to manufacture plastics, household cleaners, polyurethanes, and ointments. MEG is also required in the automobile industry as an antifreeze and cooling agent. Most of the ethylene glycol produced is required for the production of PET bottles, PET resin containers, polyester resin films, polyurethanes, and plasticizers.
Asia-Pacific is expected to have the largest global market share for ethylene oxide during the forecast period. This is majorly due to the rising demand form the end-user industries in the developing economies, such as China, India, Indonesia, and Malaysia. The demand has witnessed a rise from several sectors, including packaging, films, textile fibers, and soaps & detergents.
- Al-Jubail Petrochemical Company
- BASF SE
Eastern Petrochemical Company
- Formosa Plastics
- Huntsman Corporation
- India Glycol Limited
- Indian Oil
- Indorama Ventures Public Company Limited.
- Nippon Shokubai
- Oriental Union Chemical Corporation
- PTT Global Chemical
Reliance Industries Limited
- Shell Global
- The Dow Chemical Company
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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