MarketsandMarkets: Global Ethylene Oxide Market at $39,865.3 Million & Ethylene Glycol Market at $37,524.8 Million in 2016
DALLAS, December 6, 2011 /PRNewswire/ –
The report “Global Ethylene Oxide and Ethylene Glycol Market by Applications, by
Geography, Raw Materials, Price Trends and Forecasts (2011-2016)” defines and segments the
global Ethylene Oxide and Ethylene Glycol market with analysis and forecasting of the
global volume and revenue for Ethylene Oxide and Ethylene Glycol. It also identifies
driving and restraining factors for the Global Ethylene Oxide and Ethylene Glycol market
with analysis of trends, opportunities, burning issues, winning imperatives, and
challenges. The market is segmented and revenue is forecasted on the basis of major
geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The
key countries are covered and forecasted for each region. Further, market is segmented and
revenue is forecasted on the basis of application types.
Browse more than 80 market data tables/figures spread through 248 pages and in-depth
TOC on “Global Ethylene Oxide and Ethylene Glycol Market by Applications, by Geography,
Raw Materials, Price Trends and Forecasts (2011-2016)”.
http://www.marketsandmarkets.com/Market-Reports/ethylene-oxide-398.html Early buyers
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The market for Ethylene Oxide (EO) and Ethylene Glycol (EG) is being driven by strong
demand in the downstream applications and end-user markets especially in Polyester fibers
and PET resin which are extensively used in textile and food and beverage industries.
Ethylene glycol based polyester fibres are broadly used in the textile industry. Fabrics
made from polyester are extensively used in apparel and home furnishings, bed sheets,
blankets, upholstered furniture and computer mouse mats. Industrial polyester fibres are
used widely in tyre reinforcements, safety belts, coated fabrics, and fabrics for conveyer
belts etc. PET resin is widely employed to make bottles and containers that are used in
the food and beverage industry. The major hurdle which is currently inhibiting the growth
of the market is high volatility in the prices of crude oil. With the crude oil prices
moving upwards the price trends are expected to reflect in the ethylene prices which is an
important raw material for ethylene oxide and ethylene glycol production. The crude oil
price volatility is expected to reflect in the prices of EO and EG. The uptrend in EO and
EG prices is likely to prompt EO and EG producers to increase their prices and pass the
burden of rising feedstock costs to the buyers that could hamper the market.
The global ethylene oxide market [
http://www.marketsandmarkets.com/Market-Reports/ethylene-oxide-398.html ] in terms of
revenue was estimated to be worth $27,430.0 million in 2010 and is expected to reach
$39,865.3 million in 2016, growing at a CAGR of 6.0% from 2011 to 2016. The global
ethylene glycol market in terms of revenue was estimated to be worth $23,620.3 million in
2010 and is expected to reach $37,524.8 million by 2016, growing at a CAGR of 7.7% from
2011 to 2016. Polyester fibers are the largest application for ethylene glycol, accounting
for 56.4% of the overall market in 2010. Asia-Pacific dominates the global ethylene glycol
market, accounting for 65.3% of the overall market in 2010. The growth in the Asia-Pacific
market is expected to be fuelled by countries such China and India.
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