Rising demand for PET bottles to drive ethylene oxide and ethylene glycol market

In spite of the wide array of applications the market for ethylene oxide is majorly dominated by its usage in production of ethylene glycol. More than half of the global production of ethylene oxide is used in manufacturing of ethylene glycol. Ethylene glycol acts as a major component in production of PET resins and polyester fibers. Considering the enormous demand for PET resins from packaging sector and polyester fibers in textile sector the demand for ethylene glycol and indirectly ethylene oxide is anticipated to increase in next few years. As per Transparency Market Research, the developing regions of Asia Pacific would probably witness the fastest growth for ethylene oxide market in the next few years. The chief reason for this is the growing demand for ethylene oxide in manufacturing ethylene glycol used in manufacturing PET resins and polyester fibers. Growing consumption of PET resins and polyester fibers from packaging and textile industry for fibers, from emergent countries such as China, India, Indonesia and Thailand is expected to boost the demand for PET and thus indirectly ethylene oxide. Moreover, the ever increasing population with high growth in demand for superior apparels will add to the overall customer base of this market. The rapid economic development of these countries, the disposable income and the purchase parity of the citizens of these countries is fuelling further magnification of the total customer base in Asia Pacific countries. Presently, the market of ethylene oxide is dominated by Asia Pacific and North America chiefly followed by Europe. The gradual recovery from the sluggish growth, with surge in packaging sector demand is anticipated to help ethylene oxide market to show a positive trend in coming few years. Ethylene oxide also forms important component for manufacturing detergents. The growing demand for the detergents market across the globe is expected to drive the global ethylene oxide market in the next few years. The major players operating in the ethylene oxide market are primarily focusing on the emergent countries for tapping their immense market potential. The key players in the ethylene oxide market are expanding their production facilities in emerging economies so as to fulfill the intensifying local demand as well as global demand for ethylene oxide. Some of the key players operating in the ethylene oxide market are companies such as Royal Dutch Shell, Reliance Industries Ltd., Ineos, BASF, The Dow Chemical Company, Formosa Plastics Corporation, Eastman Chemical Company, Huntsman Corporation, Old World Industries LLC, China Petrochemical Corporation and Saudi Basic Industries. About Us