The Ethylene Oxide Market study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for lead-free piezoelectric ceramic materials.

The global ethylene oxide market size reached USD 31.09 Billion in 2021 and is expected to register a revenue CAGR of 3.54% during the forecast period, according to a latest analysis by Emergen Research. Increasing usage of polyethylene terephthalate bottles and containers is a crucial factor driving revenue growth of the market.

The versatile, combustible chemical compound ethylene oxide is used by a variety of end users for a variety of purposes. One of the chemical's principal uses is the manufacturing of ethylene glycol, which is widely used as an automotive coolant and as a fluid to maintain temperature in a variety of sectors. Other chemical derivatives, including polyethylene terephthalate (PET), are primarily employed in the manufacture of plastic bottles and containers as well as the packaging of food and other items. The U.S. Environmental Protection Agency (EPA) has certified ethylene oxide as a pesticide and antimicrobial agent, which expands its use as a fumigant in the agricultural sector.

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Competitive Terrain:

The global Ethylene Oxide industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

BASF SE, The Dow Chemical Company, China Petrochemical Corporation, Clariant AG, Tokyo Chemical Industry, Shell plc, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Linde plc, and Eastman Chemical Company

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Some Key Highlights From the Report

• The polyethylene terephthalate segment is expected to register a rapid revenue growth rate during the forecast period. Rising demand for plastic bottles and PET-based containers are key factors driving revenue growth of this segment. PET is a versatile, lightweight, transparent plastic that can be molded into any shape according to the manufacturer with a variety of colors, which has increased its demand among different end-users, including the cosmetics and food and beverages industries. Carbonated soda drinks, fruit juices, and even packaged drinking water bottles are made using PET. Personal care items such as liquid soaps, shampoos, and body oils are packaged in PET-based bottles and containers. Statistics of the 2020 Plastics Europe report suggest that use of PET increased to around 4.14 million in 2020, which was about a 3.8% increase since the previous year.
• The surgical equipment sterilization segment accounted for moderate revenue share in 2021. Ethylene oxide is an alkylating agent and damages the essential macromolecules (RNA, DNA, and proteins) of microorganisms, thereby killing them, which increases its adoption in the agricultural industry. The healthcare sector, especially hospitals and other medical centers are increasingly adopting ethylene oxide as a sterilizing agent due to its antimicrobial properties. Gas sterilization using the chemical is especially effective when the devices and equipment cannot be sanitized using thermal and steam alternatives.
• Ethylene oxide market in North America is expected to register a rapid revenue growth rate between 2022 and 2030. Rising number of communicable diseases, including cases of the Coronavirus disease and steady usage of the chemical in the agricultural industry in countries in the region are some of the key factors driving revenue growth of the market in North America. Statistics of the World Health Organization (WHO) report that around 86 million cases of the Coronavirus disease have been registered as of 4 July 2022, with around 1 million deaths in the U.S. Increasing prevalence of the disease has resulted in an exponential rise in use of Personal Protective Equipment (PPE) and other medical devices that require constant sterilization. Ethylene oxide has been adopted as a non-heating sterilization alternative for sanitizing PPEs and heat-sensitive medical devices.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Ethylene Oxide market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Ethylene Oxide market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Ethylene Oxide market.

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Market Overview:

The report bifurcates the Ethylene Oxide market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Derivatives Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
• Ethylene Glycols
1. Monoethylene Glycol
2. Diethylene Glycol
3. Triethylene Glycol
4. Polyethylene Glycol
• Ethoxylates
• Glycol Ethers
• Polyethylene Terephthalate
• Ethanoamines
• Others

• Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
• Anti-freeze Production
• Detergents
• Surgical Equipment Sterilization
• Plastic Production
• Medicines
• Textiles
• Disinfection and Pest Control
• Others

• End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
• Pharmaceutical Industry
• Food Industry
• Automotive Industry
• Plastic Industry
• Hospitals and Medical Centers
• Textile Industry

Regional Outlook:

• North America (the U.S., Canada, Mexico)
• Europe (the U.K., Germany, France, Italy)
• Asia Pacific (India, China, Japan, Korea)
• Latin America (Brazil, Argentina, Ecuador, Chile)
• Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Ethylene Oxide Market report:

1. The latest report comprehensively studies the global Ethylene Oxide market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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