Ethylene Oxide Market Size, Share, Trends, Growth 2032

Ethylene Oxide Market: Size

The global ethylene oxide market size was worth around USD 36.73 billion in 2023 and is predicted to grow to around USD 53.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.30% between 2024 and 2032.

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The study includes drivers and restraints for the ethylene oxide market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the ethylene oxide market on a global level.

Ethylene Oxide Market: Growth Dynamics

Ethylene oxide is a flammable alkylating agent and gaseous in nature. It is mainly used for the disinfection and sterilization of medical devices in hospital, dentistry, surgery. Ethylene oxide is also used for the manufacture of various consumer and non-consumer chemicals. The consumer chemicals consist of thickeners, detergents, plastics, and solvents while organic chemicals such as ethylene glycol are included in non-consumer chemicals. The global market for ethylene oxide is growing with its wide range of applications and desirable properties.

Growing demand from the packaging industries for PET bottles is driving the market for ethylene oxide. Particularly half of the global production of ethylene oxide is used for the production of PET bottles. The shift to packaged food and beverage products in consumer preferences is accelerating the growth of the packaging industry. Increasing consumer awareness of healthier and premium beverage brands is expected to drive the demand for PET bottles, which is expected to increases the market growth over the forecast period.

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The high toxic content of ethylene oxide is expected to hinder the market growth. Additionally, any exposure or skin contact may cause chemical burns, which restricts its application in several industries such as textiles and healthcare.

Ethylene oxide derivatives are used in household cleaners and personal care products. Ethyleneamines are used for the production of surfactants as building blocks. TEPA improves the soil deposition and soil removal characteristics of certain liquid laundry detergents and improves the ethoxylated soil with an average of 17 moles of ethylene oxides.

Ethylene Oxide Market: Segment Analysis

Based on type, the ethylene oxide market includes ethylene glycol, ethoxylates, ethanolamines, glycol ethers, polyethylene, others.

Based on end-user, the ethylene oxide market includes automotive, agrochemicals, food & beverages, textile, personal care, pharmaceuticals, detergents, others

Ethylene Oxide Market: Regional Analysis

North America To Dominate Overall Market Growth During 2024-2032

Asia Pacific is expected to dominate the ethylene oxide market by the end of 2025. Increasing demand for polyester fiber in the region owing to rapidly growing textile industry and increasing consumer expenditure is expected to positively impact ethylene oxide market growth in the upcoming years. In addition, the increasing demand for packaged beverage products along with growing traveling and tourism industry is anticipated to increase the ethylene oxide demand in the forecast period.

By the end of 2025, North America is expected to grow at a significant CAGR. During the last few years, several ethylene oxide manufacturers have been penetrating the market. In the forecast years, Latin America and Europe are expected to grow at moderate CAGR.

Ethylene Oxide Market : Report Scope

Ethylene Oxide Market: Key Players Analysis

Key players profiled in the ethylene oxide industry include:

• Eastern Petrochemical Company
• Huntsman
• Sinopec
• Formosa Plastics
• Dow Chemical
• Indorama Ventures
• Reliance
• Yansab
• LyondellBasell
• Kuwait Petroleum Corporation

The global ethylene oxide market is segmented as follows:

Global Ethylene Oxide Market: Type Segment Analysis

• Ethylene Glycol
• Ethoxylates
• Ethanolamines
• Glycol Ethers
• Polyethylene
• Others

Global Ethylene Oxide Market: End-User Segment Analysis

• Automotive
• Agrochemicals
• Food & Beverages
• Textile
• Personal Care
• Pharmaceuticals
• Detergents
• Others

Global Ethylene Oxide Market: Regional Segment Analysis 

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa