Ethylene oxide (EO) and ethylene glycol (EG) are important commodity chemicals witnessing strong market growth. EO is widely used in the production of ethylene glycol, surface active agents or surfactants, glycol ethers, ethanolamines, polyols, and so on. EG is extensively used for the production of polyester fibers, PET resin, and automotive antifreeze which are extensively used in the end-user industries such as textile, food and beverage, construction, personal care, home care, automobile industry and so on.

With the huge market potential and the growing demand, the global EO and EG market is likely to witness considerable growth. The major drivers of growth are the strongly growing polyester fibers demand especially in the Chinese market and PET resin demand which is rapidly growing in almost all regions of the world.

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 by 2016, growing at a CAGR of 6.0% from 2011 to 2016. The Asia-Pacific market is the biggest market for ethylene oxide, accounting for 42.2% of the global market share in 2010. Asia-Pacific is also the fastest growing region owing to the significantly growing Chinese and Indian demand, growing at a CAGR of 5.3% by volumes and 6.8% by revenue from the period of 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. Asia-Pacific is the biggest market for ethylene glycol, accounting for 65.3% of the global market share in 2010.

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