HOME › Press Releases › MarketsandMarkets: Global Ethylene Oxide Market at $39,865.3 Million & Ethylene Glycol Market at $37,524.8 Million In 2016
MarketsandMarkets: Global Ethylene Oxide Market at $39,865.3 Million & Ethylene Glycol Market at $37,524.8 Million In 2016
The report “Global Ethylene Oxide and Ethylene Glycol Market by Applications, by Geography, Raw Materials, Price Trends and Forecasts (2011-2016)” defines and segments the global Ethylene Oxide and Ethylene Glycol market with analysis and forecasting of the global volume and revenue for Ethylene Oxide and Ethylene Glycol. It also identifies driving and restraining factors for the Global Ethylene Oxide and Ethylene Glycol market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenue is forecasted on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, market is segmented and revenue is forecasted on the basis of application types.
Browse more than 80 market data tables/figures spread through 248 pages and in-depth TOC on “Global Ethylene Oxide and Ethylene Glycol Market by Applications, by Geography, Raw Materials, Price Trends and Forecasts (2011-2016)”.
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The market for Ethylene Oxide (EO) and Ethylene Glycol (EG) is being driven by strong demand in the downstream applications and end-user markets especially in Polyester fibers and PET resin which are extensively used in textile and food and beverage industries. Ethylene glycol based polyester fibres are broadly used in the textile industry. Fabrics made from polyester are extensively used in apparel and home furnishings, bed sheets, blankets, upholstered furniture and computer mouse mats. Industrial polyester fibres are used widely in tyre reinforcements, safety belts, coated fabrics, and fabrics for conveyer belts etc. PET resin is widely employed to make bottles and containers that are used in the food and beverage industry. The major hurdle which is currently inhibiting the growth of the market is high volatility in the prices of crude oil. With the crude oil prices moving upwards the price trends are expected to reflect in the ethylene prices which is an important raw material for ethylene oxide and ethylene glycol production. The crude oil price volatility is expected to reflect in the prices of EO and EG. The uptrend in EO and EG prices is likely to prompt EO and EG producers to increase their prices and pass the burden of rising feedstock costs to the buyers that could hamper the market.
The global market for ethylene oxide in terms of revenue was estimated to be worth $27,430.0 million in 2010 and is expected to reach $39,865.3 million in 2016, growing at a CAGR of 6.0% from 2011 to 2016. The global market for ethylene glycol in terms of revenue was estimated to be worth $23,620.3 million in 2010 and is expected to reach $37,524.8 million by 2016, growing at a CAGR of 7.7% from 2011 to 2016. Polyester fibers are the largest application for ethylene glycol, accounting for 56.4% of the overall market in 2010. Asia-Pacific dominates the global ethylene glycol market, accounting for 65.3% of the overall market in 2010. The growth in the Asia-Pacific market is expected to be fuelled by countries such China and India.
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