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  3. Ethylene Oxide And Ethylene Glycol Market

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Ethylene oxide is an epoxide by direct oxidation of ethylene at room temperature. It is a key raw material for the production of ethylene glycol which is used in various applications like PET bottles, detergents, paints and solvents. 
 
The global demand for ethylene oxide was estimated to be worth over $28,000 million in the year 2011 and is expected to cross $40,000 million in 2018, growing at a CAGR of over 6% from 2013 to 2018. Asia pacific and North America dominate the ethylene oxide market, accounting for over 60% of the total demand in 2011. However, strong growth is expected from Asia-Pacific, Eastern and Central Europe, Middle East and South America in the coming few years.
 
Ethylene glycol market was estimated to be worth over $24,000 million in 2011 and is expected to cross $38,000 million by 2018, growing at a CAGR of over 7% from 2013 to 2018. Monoethylene glycol (MEG) is the most important ethylene glycol which accounting over 90% of the overall ethylene glycol production.
 
Strong demand for polyester fibers and PET resins coupled with growing demand for automotive antifreeze is expected to drive market demand in the next five years. Crude oil price-volatility together with unfavorable regulatory scenario is the key concern for market participants today.
 
Polyester fibers and PET resins are the most dominating market applications for ethylene glycol, together accounting for over 85% of the total ethylene glycol demand in 2011. Monoethylene glycol (MEG) is the most widely used product type followed by Diethylene glycol (DEG) and Triethylene glycol (TEG) which are byproducts in the MEG production process.
 
Key market participants in the global ethylene oxide and ethylene glycol market include, Dow Chemical (U.S.), SABIC (Saudi Arabia), Shell Group (The Netherlands), Huntsman Corporation (U.S.), BASF (Germany), Sinopec (China), and Reliance Industries Ltd. (India). The degree of forward integration is quite high in the market, with major ethylene oxide producers also manufacturing glycols.
 
Our research report analyzes the ethylene oxide and ethylene glycol market, providing critical data indicators such as drivers, restraints as well as current market opportunities and current and forecasted raw material pricing trends. Current as well as forecasted demand for various applications has been provided for key geographies. In addition, we have to quantitative information on key countries including China, India, U.S., Germany, U.K. and Brazil. In terms of competitive landscape, current capacities of key companies such as BASF, Shell, Dow, SABIC etc. have been given along with planned capacity additions.
This report is an effort to identify factors, which will be the driving force behind the ethylene oxide and ethylene glycol market and sub-markets in the next few years. The report provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the ethylene oxide and ethylene glycol industry in terms of application and geography. We have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. We have adopted bottom-up model to derive market size estimates of the global ethylene oxide and ethylene glycol market and further validated numbers with the key market participants and C-level executives. 
 
This report highlights the industry with the following points:
  • Definition, estimates & forecast of ethylene oxide and ethylene glycol application market from 2011 to 2018
  • Analysis of product segments for ethylene oxide and ethylene glycol product market with historical data and forecast
  • Trends and forecast for four geographic markets, namely North America., Europe, Asia-Pacific and ROW based on segments of ethylene oxide and ethylene glycol product market
  • Profiles of major market participants for better understanding of their contributions
This research is specially designed to estimate and analyze the demand and performance of ethylene oxide and ethylene glycol products and downstream applications in the global scenario. This research provides in-depth analysis of ethylene oxide and ethylene glycol product manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global ethylene oxide and ethylene glycol market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the ethylene oxide and ethylene glycol market as below:
 
Ethylene Oxide Applications
  • Ethylene Glycol
  • Ethoxylates
  • Ethanol amines
  • Polyols
  • Others
Ethylene Glycol Applications
  • Polyester Fibers
  • PET Resins
  • Automotive Antifreeze
  • Polyester Films
  • Others
In addition the report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (ROW)
The in-depth research and high level analysis will allow ethylene oxide and ethylene glycol product manufacturers, lawmakers, large retailers and research and development agencies to make informed decisions about ethylene oxide and ethylene glycol products manufacturing, designing marketing, growth strategies and gaining competitive advantage.