Ethylene Glycol and Ethylene Oxide Market Analysis By Type, Application, And Growth Prospects 2029
Ethylene Glycol and Ethylene Oxide Market by Type (Ethylene Glycol, Ethoxylate, Ethanolamine, Polyols, Pharmaceutical), Application (Polyester Fiber, Polyester Resin, Antifreeze, Polyester Film, Other.), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2029
“Ethylene Glycol and Ethylene Oxide Market is projected to grow at an incredible CAGR of 4.88% over the Forecast Period 2022 to 2029.”
Ethylene glycol and ethylene oxide (1,2-ethanediol and 1,2-ethanolamine) are solutions of monohydric alcohols and diamines that are sold to processors as a source of acetic acid. These compounds are emulsifiers containing long hydrocarbon tails in the form of ether bound with their functional groups, which give them an increased propensity to react with water. Ethylene oxide has the ability to degrade and decompose some organic compounds. Ethylene glycol is a colorless, sweet-tasting liquid that is used in small amounts as a humectant (which slows down deterioration of materials) and as a solvent; large amounts are used as antifreeze. Ethylene glycol and ethylene oxide are the same combination of chemicals used in the original Ford cars that revolutionized the auto industry. The mixture was so effective at foaming, it can even be found in toothpaste. Ethylene glycol is also widely used as antifreeze for motor vehicles and industrial equipment, including medical devices (e.g., blood bags, ambulance vehicles).
Ethylene glycol is an organic compound consisting of a molecule of 1, 2-ethanediyl with an attached oxygen atom. Typically found as a clear, colorless liquid at room temperature and pressure, it is used in the food industry as a sweetener and preservative. Ethylene glycol is also an important solute in water-based lubricants and antifreeze products. A fully oxygen-free, high viscosity polyol. Ethylene glycol produces excellent results in the processing of polymers by forming low degree of substitution (DS) polymers with high molecular weights and high glass transition temperatures. It can be used as a plasticizer for medium to high DS polymers, but it also acts as a solvent for a variety of other polymers. The advantages include excellent solubility in polar solvents and its many specific applications. Ethylene glycol (etoh) is a colorless sweet-tasting organic compound. It is a viscous, odorless, sweet-tasting or slightly bitter liquid with a range of commercial uses in various industries including lighting and nutrition.
Instance Developments
September 30, 2019BASF to expand integrated ethylene oxide and derivatives complex at its Verbund site in Antwerp
Investment exceeds €500 million and adds 400,000 metric tons per year of production capacity. Supporting customers’ growing demand for alkoxylates in the home and personal care industries as well as industrial applications. Expanding BASF’s leading position as ethylene oxide and derivatives producer in Europe. Sequential start-up of new capacities beginning in 2022
October 02, 2020 LyondellBasell and Sasol form Integrated Polyethylene Joint Venture
LyondellBasell to acquire 50 percent of certain Sasol assets in Louisiana
Houston and Johannesburg–LyondellBasell (NYSE: LYB) and Sasol (JSE: SOL, NYSE: SSL) today announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for a total consideration of US$2 Billion. The agreement includes customary rights for each partner regarding the potential future sale of its ownership interest. The JV will operate under the name Louisiana Integrated PolyEthylene JV LLC.
Ethylene Glycol and Ethylene Oxide Market Scope:
Report Data
Ethylene Glycol and Ethylene Oxide Market
Ethylene Glycol and Ethylene Oxide Market CAGR 2022 - 2029
4.88%
Ethylene Glycol and Ethylene Oxide Market Analysis Period
2022 - 2029
Ethylene Glycol and Ethylene Oxide Market Base Year
2021
Ethylene Glycol and Ethylene Oxide Market Forecast Data
2022 - 2029
Segments Covered
By Type, By Application, And by Regions
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
The Ethylene Glycol and Ethylene Oxide Market is to grow at a CAGR of 4.88% during the forecast by 2029.
What is the Market segment?
On the basis of type, the Ethylene Glycol and Ethylene Oxide Market is segmented into Ethylene Glycol, Ethoxylate, Ethanolamine, Polyols, Pharmaceutical
Who are the key players operating in the Ethylene Glycol and Ethylene Oxide Market?
The major players operating in the Ethylene Glycol and Ethylene Oxide Market are BASF, LyondellBasell Industries, DOW, Shell, SABIC, Huntsman, Formosa Plastics, AkzoNobel, Ineos Oxide, Farsa Chemical, Reliance Industries, Sinopec, and Others.
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