Ethylene Oxide and Ethylene Glycol Market

The ethylene oxide and ethylene glycol market size is projected to grow from USD 39.7 billion in 2024 to USD 51.9 billion by 2029, registering a CAGR of 5.5% during the forecast period. The ethylene oxide and ethylene glycol markend-use industries such as automotive, textiles, and plastics for ethylene glycol in manufacturing processes and products like PET resins and antifreeze solutions is a major driver. Additionally, the rising need for ethet is propelled due to the increasing demand from ylene oxide in healthcare for sterilization purposes, coupled with advancements in production technologies and sustainable practices, further fuel market expansion. Moreover, the growing adoption of ethylene glycol in emerging economies due to industrialization and urbanization contributes to market growth opportunities.

Ethylene Oxide and Ethylene Glycol Companies

The ethylene oxide and ethylene glycol market is expected to continue to grow in the coming years due to the factors mentioned above. The key players in the market are focusing on developing innovative and new products to meet the growing demand. They are also expanding their geographic reach to tap into new markets players. They have adopted various strategies to ensure long-term growth and strengthen their market positions. These strategies enable them to efficiently meet the growing demand for product type, application, and end-use industries. Also, companies operating in this market, such as BASF SE (Germany), SABIC (Saudi Arabia), Shell Plc (UK), Dow Chemical Company (US), and ExxonMobil Corporation (US) adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.

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BASF SE is a leading company in the chemical industry, employing a massive 111,481 individuals across six business segments namely chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions division. The company offers ethylene glycol under its chemicals division business segment. The company’s expertise ranges from providing industries with a vast chemical arsenal to empowering farmers with agricultural solutions. Its influence spans across various fields, from the coatings on cars to the ingredients in our food, making it an omnipresent force in our modern world. With over 390 production sites located globally, BASF’s impact touches numerous aspects of our daily lives. It offers a wide range of solutions for the electrical & electronics industry in applications such as display, photovoltaics, solid-state lighting, communications, computers, consumer electronics, smart wearable devices, and quantum dot display. BASF SE has a strong sales presence in Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Saudi Basic Industries Corporation (SABIC) is world’s one of the leading petrochemical manufacturers operating in the non-oil industrial sector. SABIC operates through four business units, Petrochemicals, Specialties, Agri-Nutrients, and Metals (Hadeed). The company supplies its broad range of products across various industries, including construction, medical devices, packaging, transportation, clean energy, and others. The company offers ethylene oxide & ethylene glycol through its petrochemicals & specialties business unit. SABIC has a global presence, operates 65 manufacturing/compounding sites, and sells in more than 100 countries across North America, South America, Middle East & Africa, Asia Pacific, and Europe. The company has 9,948 patents and pending applications and 18 technology and innovation centers across the globe.

Shell PLC, popularly known as Shell, is among the leading energy and petrochemical companies worldwide. It operates through five business segments namely, integrated gas, upstream, renewables and energy solutions, marketing, and chemicals and products. The company offers ethylene glycol and ethylene oxides as a part of its chemicals & products business segment. Shell PLC's facilities manufacture various foundational chemicals, comprising ethylene, propylene, and aromatics, along with intermediary chemicals like styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. The company’s products made from chemicals are used in everyday life in medical equipment, construction, transport, electronics, agriculture, sports, and others. It has the capacity to produce around 8.1 million tonnes of ethylene a year. Shell has its chemicals manufacturing facilities in Norco in the USA, Scotford in Canada, Pernis in the Netherlands, Rheinland in Germany, and Pulau Bukom in Singapore. The company has its geographical presence in more than 100 countries in regions, including Europe, Americas, Middle East & Africa, and Asia Pacific.

Dow Chemical Company is a materials science company that develops innovative solutions. The Company's global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enables the company to achieve profitable growth and help deliver a sustainable future. The company manages its global operations through four overarching business divisions, categorized into the following operational segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and Corporate. The company offers ethylene glycol through its industrial intermediates and infrastructure business segment. The Industrial Intermediates and Infrastructure segment covers industrial solutions, polyurethanes, and construction chemicals. Its industrial solutions business segment caters to a wide range of applications including pharmaceuticals, agriculture, construction, transportation, electronics, and others. The Company's manufacturing, processing, marketing and research and development facilities, as well as regional purchasing offices and distribution centers are located throughout the world. The Company has investments in property, plant and equipment related to global manufacturing operations. The Company operates 98 manufacturing sites in 31 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East.

Exxon Mobil Corporation is the largest publicly traded oil & gas company. The principal business of the company includes exploring and extracting crude oil and natural gas, as well as engaging in the manufacturing, trading, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and diverse specialty products. Additionally, the company is actively pursuing opportunities in lower-emission ventures, such as carbon capture and storage, hydrogen, environmentally friendly fuels, and lithium. The company operates through four business segments, namely, Upstream, Specialty Products, Energy Products, and Chemical Products. It offers ethylene oxide & ethylene glycol through its chemical product business segment. It is one of the world’s largest companies in terms of revenue and one of the world’s largest oil & gas companies. The company operates in North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Ethylene oxide and Ethylene Glycol Market by Product Type (Ethylene Glycol, Ethoxylates, Ethanolamines, Glycol Ethers), Application (Polyester Fibers, Antifreeze & Coolants, PET Resins), End-Use Industries, and Region - Global Forecast to 2029

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