Ethylene Oxide Market Projected to Show Strong Growth by 2026
Added: (Wed Oct 02 2019)
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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- Increasing usage of ethylene oxide in healthcare devices is driving market
- Increasing demand of ethylene oxide in agricultural products as fumigants is driving market
- 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.
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