According to the market report “Ethylene Oxide Market – Size, Outlook, Trends and Forecasts (2018 – 2024)”, the Global Ethylene Oxide Market is expected to reach USD 40.2 Billion by 2024 with a CAGR of 7.8% over the forecast period (2018 – 2024).
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EO (Ethylene Oxide) has a great demand in end-user markets like PET (Polyester fiber’s) which are extensively used in apparel and home furnishing, bed sheets, blankets, upholstered – furniture and computer mouse mats. PET resin is widely used to make bottles and containers that are used in the food and beverage industry.
Industrial polyester fibers are majorly used widely in tyre reinforcements, safety belts, coated fabrics, and fabrics for conveyer belts.
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The growing demand for the usage of ethylene oxide in household cleaning products is contributing to the market growth.
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Other downstream products of ethylene oxide, like ethylene glycol ethers, and polyalkylene glycols, are used in brake fluids, detergents, solvents, lacquers, paints, and antifoam agents.
Asia-Pacific followed by North America is seen as the largest ethylene oxide market in terms of CAGR due to the growing demand of EO utilization all over th world in many industries especially chemicals and others. Few of the leading industries in Ethylene Oxide market include Dow Chemical, Eastern Petrochemical Company (SHARQ), Formosa Plastics, Yansab, Shell, Al-Jubail Petrochemical Company, Sinopec, Reliance, Basf, Indorama Ventures and others.
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Scope Of The Report
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin. Value
- Created and Captured – Cost of Creating that Value = Margin
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