Global Ethylene Oxide Market to Exceed 27 Million Tons by 2017, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on the Ethylene Oxide markets. The global market for Ethylene Oxide is projected to exceed 27 million tons by the year 2017. Growth in the market is mainly spurred by increasing consumption from the Asian markets.

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Ethylene Oxide (EO): A Global Strategic Business Report

San Jose, CA (Vocus/PRWEB) April 11, 2011

Ethylene Oxide (EO) is the second leading consumer of ethylene globally. The compound also known as Oxirane or epoxyethane, is a combustible colorless gas with slightly sweet odor. Ethylene Oxide is usually handled and delivered in the form of a refrigerated liquid. Almost 76% of EO is transformed into glycols, predominantly monoethylene glycol (MEG). Current research and development initiatives in the market are focused on manufacturing process efficiency, equipment design and catalysts used in production.

Ethylene oxide market witnessed a rebound in demand in 2010 with growth mainly stemming from MEG and surfactants markets. However demand recovery in the short term is expected to be restricted to previously attained highs in demand levels from where the market started witnessing a downfall. Though the MEG market is expected to face oversupply conditions due to new capacities in the Middle East, strong demand from the Asian markets has resulted in absorbing the excess production. In Europe, supply conditions continue to remain tight due to plant closures with the operating rate at the existing units increasing to 85%-90%.

Asia-Pacific represents the largest market for EO, as stated by the new market research report on Ethylene Oxide. The region also represents the fastest growing market at a CAGR of more than 6.0% over the analysis period, driven by rapid increase in the demand for polyester fibers. Middle East represents the next fastest growing market over the analysis period. China is at the forefront in the worldwide consumption of Ethylene Oxide. The country is expected to witness a robust growth in demand as well as production of EO over the next few years driven by rapid development of the surfactants and polyester sectors. North America, Japan and Europe are losing ground in worldwide consumption of EO. North American market for MEG used in polyethylene terephthalate (PET) resins and containers is already showing signs of maturity, predominantly because of the constant lightweighting of the plastic bottles in the region that reduces the quantity of PET.

Currently, Asia-Pacific and Middle East comprise the hotbeds for setting up EO plants. The regions are witnessing a rapid increase in EO capacity over the ensuing year across China, Saudi Arabia, and India. On the other hand North America and Europe are expected to register contraction in EO capacity as the significant increase in number of EO plants in Middle East and Asia is displacing the capacity in mature markets. Majority of the new capacity is expected to come from the Middle East with production of EG centered at a number of supersites.

The market for ethylene oxide is fragmented with top 20 players accounting for about 65% of the market. Majority of the manufacturers are forward integrated towards manufacture of ethylene glycol. Select major players profiled in the report include BASF SE, Clariant International, The Dow Chemical Company, Huntsman Corporation, INEOS Group Holdings PLC, LyondellBasell Industries, Old World Industries, Reliance Industries Limited, Saudi Basic Industries Corporation, Shell Group, among others.

The research report titled “Ethylene Oxide (EO): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Ethylene Oxide market for the years 2009 through 2017, and 2003 to 2008 by the following geographic markets - North America, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key end-use markets analyzed include Ethanolamines, Glycol, Ethoxylates and Others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Ethylene_Oxide_EO_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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