Application for medical equipment to improve ethylene oxide

USA, Rockville MD, May 22, 2022 (GLOBE NEWSWIRE) — According to a recently released Fact.MR report, the global ethylene oxide market is expected to grow at a compound annual rate (CAGR) of 4% between 2022 and 2032 The market is expected to reach $47.6 billion by the end of 2032. The request Ethylene oxide is expected to grow over the forecast period and the market is expected to reach a global market size of US$32 billion by the end of 2022.

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Markets for ethylene oxide are expected to grow in response to growing demand for PET bottles from the packaging industry. The PET bottle manufacturing industry accounts for more than half of the world’s production of ethylene oxide. The global ethylene oxide market is gaining momentum driven by demand from the personal health and automotive sectors.

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Due to increased health awareness, the health industry has grown significantly in the market. Increased funding and investments from public and private organizations to improve these infrastructures, in addition to the increased use of well-equipped medical devices, are expected to drive the demand for ethylene oxide throughout the period of forecast.

What expansion opportunities will Asia-Pacific offer in the future?

Rising Demand for Polyamide Fibers Drives Adoption of Ethylene Oxide

The Asia-Pacific region is expected to witness the fastest growth during the forecast period for ethylene oxide. It is expected that the ethylene oxide industry in Asia Pacific will grow in the coming years, mainly due to the growing demand for textiles by organizations in countries such as Japan, South Korea , India and China.

According to our forecast, China is expected to grow at a CAGR of 3.5% through 2032. The market for ethylene oxide in the market will continue to grow in response to increasing demand for polyester fibers in the development of the textile industries in this region. . Having the largest production of PET resins, this region has further contributed to the demand for ethylene oxide in the market.

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Key segments covered by the Europe Ethylene Oxide Industry survey

• Ethylene Oxide Market by Applications:
  • Ethylene oxide for the manufacture of ethylene glycol
  • Ethylene oxide for the manufacture of ethoxylates
  • Ethylene oxide for the manufacture of ethanolamine
  • Ethylene oxide for the manufacture of glycol ethers
  • Ethylene oxide for other applications

• Ethylene Oxide Market by End Use Industry:
  • Automotive
  • Agrochemicals
  • Food and drink
  • textiles
  • Personal care
  • Medications
  • Detergents
  • Other end-use industries

Competitive landscape

Collaboration among manufacturers increases production and meets consumer demands, which increases profits and market share. Technological innovations and the introduction of new products will make products more attractive to end users. Increased production capacity can be achieved through strategic partnerships.

• In January 2022, ExxonMobil and SABIC began operations at Gulf Coast manufacturing facilities. Packaging, building materials, clothing, agricultural films and automotive coolants will all be produced at the new plant. This state-of-the-art chemical plant is being built by the firn ahead of schedule and under budget using our global expertise in project planning and delivery while keeping everyone safe and healthy. The company looks forward to continuing to serve as a good neighbor in Coasta Bend as it embarks on the next chapter of GCGV.
• In February 2022, Clariant announced that it had sold a 50% stake in Scientific Design Company (Scientific Design), a producer of “green” ethylene to SABIC. Clariant and SABIC have joined forces in a joint venture called Scientific Design. The partnership will be finalized by the middle of this year, subject to regulatory approvals. In addition to its SynDol catalyst, Scientific Design provides the process technology to dehydrate ethanol to ethylene.

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The key players in the Ethylene Oxide Market in Latin America

• BASF SE
• China Petroleum and Chemical Corporation (Sinopec)
• Clariant
• Dow
• India Glycols Limited
• INEOS
• LOTTE Chemical CORPORATION
• LyondellBasell Industries Holdings BV
• NIPPON SHOKUBAI CO. LTD

Main takeaways from Asia-Pacific Ethylene Oxide Market Study

• With the increasing use of ethylene glycol in antifreeze formulations, the segment is expected to grow at a CAGR of 4.6% through 2032
• By end-use industry, textiles sees the highest adoption, growing at a CAGR of 4.7%
• The United States will be a very opportunistic market, expected to reach a valuation of over US$5 billion in 2032
• Market demand in UK to reach US$2.1 billion by 2032, with high sales in automation and manufacturing industry
• A Booming Agrochemical Market to Do Wonders for China, Expected to Document a CAGR of 3.5%

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