The report on the Global Ethylene Oxide Market is expected to reach the valuation of around USD 75 million by the year 2026 as against its value of USD 45.8 million in the year 2018, delivering a CAGR of almost 7% through the years. The report gives an in-depth analysis on the ethylene oxide market by evaluating industry aspects such as the size, share, demand, revenue, trends, and growth of the sector to predict the potential rise of the business. The study collects historical data from the years 2016 and 2017 while considering 2018 as the base year, to draw a forecast for the years 2019 to 2026.
The COVID-19 impact: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Ethylene Oxide Market is expected to rise in the coming years.
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Top Companies: AkzoNobel, BASF AG, Dow Chemicals Company, Exxon Mobil, LyondellBasell Industries, Royal Dutch Shell, and SINOPEC Corp., among others.
Ethylene oxide is a gaseous and flammable compound typically used in various consumer goods. It is utilized in hospitals and clinics to sterilize medical instruments. It is used in detergents, plastics, and thickeners, among other products. It is widely used for manufacturing polyester fiber, which is used in coated fabrics, seat belts, and belt fabrics. A hike in its demand from the automotive and industrial sector will also be favorable for the prospective growth of the market. Despite the global movement against the use of plastics, there is an increased demand for PET bottles, especially from the packaging industry, which is boosting the market forward. Almost 50 percent of the global ethylene oxide production is employed in the production of PET bottles.
The report published on global Ethylene Oxide market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Ethylene Oxide offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
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Market has been divided by Derivative Type as:
- Ethanolamines
- Ethoxylates
- Ethylene Glycols
- Glycol Ethers
- Polyethylene Glycol
- Others
Market has been divided by End-Use as:
- Automotive
- Agrochemicals
- Detergents
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Textiles
- Others
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Ethylene Oxide Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Ethylene Oxide Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Ethylene Oxide Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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