LAMEA Ethylene Oxide Market Size, Share & Industry Trends Analysis Report By Application (Ethylene Glycol, Ethoxylates, Ethanolamines, Polyols, and Others), By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Ethylene Oxide Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,669.2 Kilo Tonnes, showcasing a growth of 4.6% (2023-2030).

The textile and paper industries use ethylene oxide as a chemical additive to enhance the characteristics of fibers and paper products. Ethylene oxide can remove sulfur compounds from natural gas and oil, improving their quality and reducing environmental emissions. It is used in cosmetics, skin care products, and toiletries as stabilizers, emulsifiers, and thickening agents. Ethylene oxide-based chemicals are used for water treatment, including disinfection and wastewater treatment. Ethylene oxide produces foaming agents to manufacture foam rubber and plastics. Ethylene oxide is a reactant in various chemical reactions to produce multiple organic compounds. Ethylene oxide is used in the pharmaceutical industry for sterilizing equipment, packaging materials, and pharmaceutical products.

EO is a crucial ingredient in the production of antifreeze and engine coolants. These products are vital for maintaining the performance and longevity of vehicles, particularly in a region with extreme temperatures like Saudi Arabia. Saudi Arabia has been developing its automotive industry as part of its economic diversification efforts. The government has encouraged foreign investment and partnerships with global automakers, leading to the establishment of manufacturing facilities and assembly plants in the country. As the automotive sector continues to grow and evolve in Saudi Arabia, the demand for EO and its derivatives for use in automotive applications will likely remain robust.

According to the International Trade Administration, Saudi Arabia is the largest regional automotive industry, and the MENA region is expanding at an estimated 36% rate. 35% of the vehicles sold in the MENA region and more than 52% of all vehicles sold in the Gulf Cooperation Council in 2020 were produced in Saudi Arabia. Saudi Arabia's proven oil reserves are the second largest in the globe. In 2020, Aramco averaged 12.4 mmbpd of hydrocarbon production, including 9.2 mmbpd of crude oil. In contrast, on average, Aramco produced 11.6 mmbpd of hydrocarbons in the first half of 2021, of which crude oil production accounted for 8.6 mmbpd. Saudi Arabia's production increased alongside OPEC+'s gradual quota increases; as of June 2022, Saudi Arabia produced 10.3 mmbpd of crude oil. Hence, the expansion of these industries will significantly promote the growth of the market in the coming years.

The Brazil market dominated the LAMEA Ethylene Oxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $723.1 million by 2030. The Argentina market is showcasing a CAGR of 6.3% during (2023 - 2030). Additionally, The UAE market would register 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Ethylene Oxide Market is Projected to reach USD 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)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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)

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Ethylene Oxide Market, by Application
1.4.2 LAMEA Ethylene Oxide Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. LAMEA Ethylene Oxide Market by Application
4.1 LAMEA Ethylene Glycol Market by Country
4.2 LAMEA Ethoxylates Market by Country
4.3 LAMEA Ethanolamines Market by Country
4.4 LAMEA Polyols Market by Country
4.5 LAMEA Others Market by Country

Chapter 5. LAMEA Ethylene Oxide Market by Country
5.1 Brazil Ethylene Oxide Market
5.1.1 Brazil Ethylene Oxide Market by Application
5.2 Argentina Ethylene Oxide Market
5.2.1 Argentina Ethylene Oxide Market by Application
5.3 UAE Ethylene Oxide Market
5.3.1 UAE Ethylene Oxide Market by Application
5.4 Saudi Arabia Ethylene Oxide Market
5.4.1 Saudi Arabia Ethylene Oxide Market by Application
5.5 South Africa Ethylene Oxide Market
5.5.1 South Africa Ethylene Oxide Market by Application
5.6 Nigeria Ethylene Oxide Market
5.6.1 Nigeria Ethylene Oxide Market by Application
5.7 Rest of LAMEA Ethylene Oxide Market
5.7.1 Rest of LAMEA Ethylene Oxide Market by Application

Chapter 6. Company Profiles
6.1 Akzo Nobel N.V.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 SWOT Analysis
6.2 Exxon Mobil Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.2.6 SWOT Analysis
6.3 Formosa Plastics Group
6.3.1 Company Overview
6.3.2 Financial Analysis
6.4 LOTTE Chemical Corporation (LOTTE Corp.)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 BASF SE
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.6 SWOT Analysis
6.6 Shell plc
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.6 SWOT Analysis
6.7 Huntsman Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segment and Regional Analysis
6.7.4 Research & Development Expense
6.8 Clariant AG
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 Recent strategies and developments:
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Joint ventures:
6.8.5.3 Business Expansions:
6.8.6 SWOT Analysis
6.9 The Dow Chemical Company
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 SWOT Analysis
6.10. SABIC (Saudi Arabian Oil Company)
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 SWOT Analysis

TABLE 1 LAMEA Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 6 LAMEA Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 7 LAMEA Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Ethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Ethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Ethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Ethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Ethoxylates Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Ethoxylates Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Ethoxylates Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Ethoxylates Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Ethanolamines Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Ethanolamines Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Ethanolamines Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Ethanolamines Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Polyols Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Polyols Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Polyols Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Polyols Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Ethylene Oxide Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Ethylene Oxide Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Ethylene Oxide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Ethylene Oxide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Brazil Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 34 Brazil Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 35 Brazil Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 36 Brazil Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 37 Brazil Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 38 Brazil Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 39 Brazil Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 40 Brazil Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 41 Argentina Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 42 Argentina Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 43 Argentina Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 44 Argentina Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 45 Argentina Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 46 Argentina Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 47 Argentina Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 Argentina Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 UAE Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 50 UAE Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 51 UAE Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 52 UAE Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 53 UAE Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 54 UAE Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 55 UAE Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 UAE Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 Saudi Arabia Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 59 Saudi Arabia Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Saudi Arabia Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Saudi Arabia Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Saudi Arabia Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 South Africa Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 66 South Africa Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 67 South Africa Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 68 South Africa Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 69 South Africa Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 70 South Africa Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 71 South Africa Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 South Africa Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Nigeria Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 74 Nigeria Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 75 Nigeria Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Nigeria Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Nigeria Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 78 Nigeria Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 79 Nigeria Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Nigeria Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of LAMEA Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 83 Rest of LAMEA Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of LAMEA Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of LAMEA Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of LAMEA 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 LAMEA 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 LAMEA Ethylene Oxide Market share by Application, 2022
FIG 6 LAMEA Ethylene Oxide Market share by Application, 2030
FIG 7 LAMEA Ethylene Oxide Market by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Ethylene Oxide Market share by Country, 2022
FIG 9 LAMEA Ethylene Oxide Market share by Country, 2030
FIG 10 LAMEA 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