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Ethylene Oxide Market Projected to Show Strong Growth by 2026

Added: (Wed Oct 02 2019)

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Ethylene oxide or oxirane is an organic compound. It is a flammable gas and colourless. They are bactericidal, fungicidal and sporicidal disinfectant and are effective against micro- organisms. They usually have sweet ether like smell. In food and textiles they are used as a fumigant. Global Ethylene Oxide Market is estimated to grow with a stable CAGR of 5.92% in the forecast period of 2019-2026. Increase in the demand of PET is the major factor for the growth of this market. Some of the leading key players profiled in this study: Al SABIC, BASF SE, Formosa Plastics Corporation, Huntsman International LLC., India Glycol Limited, Indian Oil Corporation Ltd, Indorama Ventures Public Company Limited, INEOS, KAZANORGSINTEZ, LyondellBasell Industries Holdings B.V., Nippon Shokubai Co., Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Limited, Shell Global.


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Market Drivers:



  • Increasing usage of ethylene oxide in healthcare devices is driving market

  • Increasing demand of ethylene oxide in agricultural products as fumigants is driving market


Market Restraints:



  • Its flammable nature at room temperature is restraining the market

  • Its hazardous effect on eyes and skin is restraining the market


Key Developments in the Market:


In July 2017, Pemex Etileno subsidiary of Petroleos Mexicanos considered an E-auction to adjudicate quantities of ethylene oxide in which 10 companies participated.


In April 2018, Croda announce the launch of their 100% bio-based ethylene oxide plant in New Castle in which two- third of the material will be derived from the natural resources.


Competitive Analysis:


 


Global ethylene oxide market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ethylene oxide market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.


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Table of Content-


01: Executive Summary


02: Scope of The Report


03: Market Landscape


04: Market Sizing


05: Market Segmentation by Product


06: Five Forces Analysis


07: Customer Landscape


08: Geographic Landscape


09: Decision Framework


10: Drivers and Challenges


11: Market Trends


12: Vendor Landscape


13: Vendor Analysis


To Continue…….!!! | Get Detailed TOC: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-ethylene-oxide-market


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Submitted by:Sopan Gedam
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