Ethylene Oxide Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Ethylene Oxide Market: 

The forecast period is expected to witness a growth in the ethylene oxide market, with a CAGR of over 3%. However, the market was negatively impacted by the COVID-19 pandemic in 2020, particularly affecting the global beauty and personal care industry. Despite restructuring efforts to produce hand sanitizers and cleaning agents, the industry experienced a significant drop in sales. Fortunately, the demand from the industry has started to recover in 2021 and is projected to grow at a moderate rate in the coming years.


In the short term, the market is driven by several factors, including the increasing usage of PET in the food and beverage industry, the rising demand for household and personal care products in developing countries, and the growing need for antifreeze agents. However, it is important to consider the potential hindrances to market growth, such as the health and environmental effects of high exposure.


One potential opportunity for the market is the utilization of bio-derived ethylene instead of petro-based ethylene for production. This shift can have positive implications for the market studied.


Looking at regional trends, the Asia-Pacific region is expected to witness the highest market share and fastest growth during the forecast period.


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