The Asia Pacific Ethylene Oxide Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 12,276.0 Kilo Tonnes, showcasing a growth of 3.7% (2019-2022).
Ethylene oxide is a precursor for various chemicals and intermediates, including ethylene glycols, ethoxylates, and glycol ethers. These derivatives find applications in products like antifreeze, detergents, solvents, and plastics. Ethylene glycols, produced from ethylene oxide, are used in the automotive industry as antifreeze and brake fluids, helping to prevent engine freezing and maintain braking performance in various weather conditions. It is used in textile processing to produce ethoxylated textile chemicals that enhance fabric softness, dyeability, and other characteristics. EO is used to produce certain pesticides and herbicides used in agriculture. Ongoing research and technological advancements in EO production processes, such as catalytic and energy-efficient methods, can increase efficiency and reduce production costs, thereby encouraging market growth.
As population continue to grow and urbanize, there is an increased need for various consumer products, including personal care items, textiles, and healthcare products, all of which use EO derivatives. Ethylene oxide produces non-ionic surfactants and emulsifiers that find applications in detergents, soaps, shampoos, and other cleaning and personal care products. It is used to ethoxylate various compounds, such as fatty alcohols and alkylphenols, to create surfactants and detergents. It produces certain agricultural chemicals, including herbicides and pesticides. It is a highly effective sterilizing agent for medical devices, pharmaceuticals, and food products. Its ability to penetrate packaging materials makes it valuable in ensuring the sterility of sensitive products. It is used to synthesize various chemical intermediates, which in turn are used to produce plastics, rubber, and other materials. Ethylene oxide-based heat transfer fluids are used in industrial heating and cooling systems.
China has steadily expanded its healthcare infrastructure, including new hospitals and healthcare facilities. As the number of medical facilities grows, so does the demand for EO for sterilizing medical equipment and supplies. Rising healthcare expenditure in China has increased demand for medical devices and pharmaceutical products, many requiring EO sterilization. China is a major producer of medical devices and equipment, including surgical instruments, implants, and diagnostic devices. EO is critical in sterilizing these products, ensuring their safety and effectiveness. The pharmaceutical industry in China has experienced significant growth. EO sterilizes pharmaceutical packaging, drug delivery systems, and production equipment. Hospitals and healthcare facilities across China rely on EO sterilization for various applications, from surgical instruments to patient-care items. The demand for sterilization services remains high. The healthcare sector's demand for EO in China is expected to remain strong as the country invests in healthcare infrastructure, awareness, and access.
On December 28, China presented a plan for the growth of the medical equipment industry throughout the 14th Five-Year Plan (2021–2025). By 2025, the nation aims to rapidly adopt information technology in the medical equipment sector, leading to the development of digital health platforms and medical robots. The plan, published jointly by ten government agencies, also outlines measures to develop medical equipment to support community-based care for older people in direct response to the national strategy for population aging. The medical equipment sector in China has increased during the last five years, with a market size of 840 billion yuan (about $131.81 billion) in 2020. Therefore, owing to all of the aforementioned factors, the regional market will grow rapidly in the coming years.
The China market dominated the Asia Pacific Ethylene Oxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,939.2 million by 2030. The Japan market is registering a CAGR of 4.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.4% during (2023 - 2030).
Based on Application, the market is segmented into Ethylene Glycol, Ethoxylates, Ethanolamines, Polyols, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Ethylene Oxide Market is Predict to reach $48.2 Billion by 2030, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akzo Nobel N.V., BASF SE, Shell plc, Clariant AG, The Dow Chemical Company (Dow Corning Ltd.), Exxon Mobil Corporation, Formosa Plastics Group, LOTTE Chemical Corporation (LOTTE Corp.), Huntsman Corporation, and SABIC (Saudi Arabian Oil Company).
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Ethylene Glycol
- Ethoxylates
- Ethanolamines
- Polyols
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Akzo Nobel N.V.
- BASF SE
- Shell plc
- Clariant AG
- The Dow Chemical Company (Dow Corning Ltd.)
- Exxon Mobil Corporation
- Formosa Plastics Group
- LOTTE Chemical Corporation (LOTTE Corp.)
- Huntsman Corporation
- SABIC (Saudi Arabian Oil Company)
TABLE 1 Asia Pacific Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Ethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Ethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Ethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Ethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Ethoxylates Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Ethoxylates Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Ethoxylates Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Ethoxylates Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Ethanolamines Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Ethanolamines Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Ethanolamines Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Ethanolamines Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Polyols Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Polyols Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Polyols Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Polyols Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Ethylene Oxide Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Ethylene Oxide Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Ethylene Oxide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Ethylene Oxide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 China Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 34 China Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 35 China Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 36 China Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 37 China Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 38 China Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 39 China Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 40 China Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 41 Japan Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 42 Japan Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 43 Japan Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 44 Japan Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 45 Japan Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 46 Japan Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 47 Japan Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 Japan Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 India Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 50 India Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 51 India Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 52 India Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 53 India Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 54 India Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 55 India Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 India Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 South Korea Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 58 South Korea Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 59 South Korea Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 60 South Korea Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 61 South Korea Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 62 South Korea Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 63 South Korea Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 South Korea Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Singapore Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 66 Singapore Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 67 Singapore Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Singapore Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Singapore Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 70 Singapore Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 71 Singapore Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Singapore Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Malaysia Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 74 Malaysia Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 75 Malaysia Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Malaysia Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Malaysia Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 78 Malaysia Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 79 Malaysia Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Malaysia Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of Asia Pacific Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of Asia Pacific Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of Asia Pacific Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of Asia Pacific Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Key Information – Akzo Nobel N.V.
TABLE 90 Key Information – Exxon Mobil Corporation
TABLE 91 Key Information – Formosa Plastics Group
TABLE 92 Key Information – Lotte Chemical Corporation
TABLE 93 Key Information – BASF SE
TABLE 94 Key Information – Shell plc
TABLE 95 Key Information – Huntsman Corporation
TABLE 96 Key Information – Clariant AG
TABLE 97 Key Information – The Dow Chemical Company
TABLE 98 Key Information – SABIC
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Ethylene Oxide Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Ethylene Oxide Market
FIG 4 Porter’s Five Forces Analysis – Ethylene Oxide Market
FIG 5 Asia Pacific Ethylene Oxide Market share by Application, 2022
FIG 6 Asia Pacific Ethylene Oxide Market share by Application, 2030
FIG 7 Asia Pacific Ethylene Oxide Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Ethylene Oxide Market share by Country, 2022
FIG 9 Asia Pacific Ethylene Oxide Market share by Country, 2030
FIG 10 Asia Pacific Ethylene Oxide Market by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Akzo Nobel N.V.
FIG 12 SWOT Analysis: Exxon Mobil Corporation
FIG 13 SWOT Analysis: BASF SE
FIG 14 SWOT Analysis: Shell plc
FIG 15 Recent strategies and developments: Clariant AG
FIG 16 SWOT Analysis: Clariant AG
FIG 17 SWOT Analysis: The Dow Chemical Company
FIG 18 SWOT Analysis: SABIC