The North America Ethylene Oxide Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,030.5 Kilo Tonnes, showcasing a growth of 1.3% (2019-2022).
Ethylene oxide is a flammable, colorless gas. In numerous industries, ethylene oxide produces solvents, detergents, adhesives, refrigerant textiles, and pharmaceuticals. Ethylene oxide is also used in fumigants, hospitals to sterilize medical equipment, sterility for spices and cosmetics, and other products. Increasing demand for PET resins and polyester fibers is anticipated to fuel the growth of the market over the coming years.
Oxirane or ethylene oxide is also used in the food, beverage, and textile industries. In the food and beverage business, bottles and containers are frequently made using PET resins. In contrast, polyester fibers are commonly used in coated fabrics, seat belts, conveyor belt fabrics, etc. Ethylene oxide is utilized in the production of every PET bottle. With an upsurge in demand for PET bottles in every company, which are favored by end-users, the demand for ethylene oxide is also rising. Another factor is the rising demand for antifreeze in the automotive industry, which reduces the freezing point of water-based liquid in vehicles.
Triethylene glycol (TEG) is commonly used in the oil and gas industry, particularly in the United States, for natural gas dehydration. It removes water vapor and impurities from natural gas streams, ensuring the safe and efficient transportation of gas through pipelines. TEG is essential for maintaining the integrity and safety of pipelines in the U.S. By preventing the formation of hydrates, and TEG helps prevent blockages and potentially dangerous conditions in natural gas and oil pipelines.
The applications of DEG and TEG in the United States span multiple industries, including oil and gas, chemicals, automotive, textiles, and pharmaceuticals. As of September 2020, the U.S. textile and apparel industry ranked among the top export markets in the world with a $23 billion market for apparel in 2019. The U.S. textile and apparel industry generated $311 billion in revenue in 2019. The demand for these glycols is closely tied to the growth and activity within these sectors. As these industries continue to evolve and develop, the demand for DEG, TEG, and EO remains significant in the U.S. region. Thus, the region presents lucrative growth prospects for the market.
The US market dominated the North America Ethylene Oxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,911.2 million by 2030. The Canada market is exhibiting a CAGR of 6.7% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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)
- US
- Canada
- Mexico
- Rest of North America
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 North America Ethylene Oxide Market, by Application
1.4.2 North America 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. North America Ethylene Oxide Market by Application
4.1 North America Ethylene Glycol Market by Country
4.2 North America Ethoxylates Market by Country
4.3 North America Ethanolamines Market by Country
4.4 North America Polyols Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Ethylene Oxide Market by Country
5.1 US Ethylene Oxide Market
5.1.1 US Ethylene Oxide Market by Application
5.2 Canada Ethylene Oxide Market
5.2.1 Canada Ethylene Oxide Market by Application
5.3 Mexico Ethylene Oxide Market
5.3.1 Mexico Ethylene Oxide Market by Application
5.4 Rest of North America Ethylene Oxide Market
5.4.1 Rest of North America 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 North America Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 2 North America Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 3 North America Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 6 North America Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 7 North America Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Ethylene Glycol Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Ethylene Glycol Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Ethylene Glycol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Ethylene Glycol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Ethoxylates Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Ethoxylates Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Ethoxylates Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Ethoxylates Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Ethanolamines Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Ethanolamines Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Ethanolamines Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Ethanolamines Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Polyols Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Polyols Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Polyols Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Polyols Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Ethylene Oxide Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Ethylene Oxide Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Ethylene Oxide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Ethylene Oxide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 US Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 34 US Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 35 US Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 36 US Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 37 US Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 38 US Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 39 US Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 40 US Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 41 Canada Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 42 Canada Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 43 Canada Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 44 Canada Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 45 Canada Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 46 Canada Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 47 Canada Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 Canada Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 Mexico Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 50 Mexico Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 51 Mexico Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 52 Mexico Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 53 Mexico Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 54 Mexico Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 55 Mexico Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 Mexico Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 Rest of North America Ethylene Oxide Market, 2019 - 2022, USD Million
TABLE 58 Rest of North America Ethylene Oxide Market, 2023 - 2030, USD Million
TABLE 59 Rest of North America Ethylene Oxide Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Rest of North America Ethylene Oxide Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Rest of North America Ethylene Oxide Market by Application, 2019 - 2022, USD Million
TABLE 62 Rest of North America Ethylene Oxide Market by Application, 2023 - 2030, USD Million
TABLE 63 Rest of North America Ethylene Oxide Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Rest of North America Ethylene Oxide Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Key Information – Akzo Nobel N.V.
TABLE 66 Key Information – Exxon Mobil Corporation
TABLE 67 Key Information – Formosa Plastics Group
TABLE 68 Key Information – Lotte Chemical Corporation
TABLE 69 Key Information – BASF SE
TABLE 70 Key Information – Shell plc
TABLE 71 Key Information – Huntsman Corporation
TABLE 72 Key Information – Clariant AG
TABLE 73 Key Information – The Dow Chemical Company
TABLE 74 Key Information – SABIC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Ethylene Oxide Market share by Application, 2022
FIG 6 North America Ethylene Oxide Market share by Application, 2030
FIG 7 North America Ethylene Oxide Market by Application, 2019 - 2030, USD Million
FIG 8 North America Ethylene Oxide Market share by Country, 2022
FIG 9 North America Ethylene Oxide Market share by Country, 2030
FIG 10 North America 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