According to a recent market study published by Growth Market Report, titled, “Global Ethylene Oxide Catalyst Market by Type (High Selectivity Catalyst, High Performance Catalyst, Others), By Distribution Channel (Manufacturers, Wholesalers/Distributors), By End Use Industry (Chemical Processing, Healthcare, Food and Beverages, Automotive, Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA)): Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 298.7 Million in 2022 and is expected to grow at a growth rate of 4.2% by the year 2031.

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As per Growth Market Report industry analyst Gargi Athalye, the “Global Ethylene Oxide Catalyst Market” is anticipated to witness significant growth during the forecast period 2023-2031. In the production of ethylene oxide (EO), a catalyst plays a crucial role in speeding up the chemical reaction between oxygen and ethylene. This reaction occurs within large multi-tubular catalytic reactors. The ethylene oxide catalyst helps to limit the formation of unwanted by-products, while promoting the desired formation of EO. This results in an improved final product yield and quality. The performance of an ethylene oxide catalyst is primarily measured by its selectivity, which is the amount of ethylene oxide produced per amount of ethylene reacted. Catalyst activity is an important factor, which measures the temperature required to achieve the desired level of EO production.

Ethylene oxide catalysts are widely used in the production of ethylene oxide. Ethylene oxide is mainly used to produce ethylene glycol, which is used in a variety of products such as PET plastics, polyester fibers, and many other products. This factor is driving the market. The synthesis of ethylene oxide depends on the selectivity and efficiency of the reaction, which is improved by these catalysts.

The primary and secondary research methodology is used for keen observation and study of Ethylene Oxide Catalyst. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets and automotive components and creating manufacturing issues.

In January, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern and proclaimed it a global pandemic in March 2020. This deadly virus has become one of the biggest pandemics in human history. The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of October 25, 2023, this pandemic had infected over 771,549,718 people, and over 6,974,473 people died from the disease. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and life of people.

Key Takeaways from the Study:

  • The players include China Petrochemical Corporation, Dow, NIPPON SHOKUBAI CO., LTD., Shell Global, Scientific Design Company, Inc, Rezel Catalysts Corporation.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 298.7 Million

Market Growth Rate (from 2023 to 2031)

4.2%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

by Type (High Selectivity Catalyst, High Performance Catalyst, Others), By Distribution Channel (Manufacturers, Wholesalers/Distributors), By End Use Industry (Chemical Processing, Healthcare, Food and Beverages, Automotive, Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA))

Key Companies Profiled

China Petrochemical Corporation, Dow, NIPPON SHOKUBAI CO., LTD., Shell Global, Scientific Design Company, Inc, Rezel Catalysts Corporation

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Raw material suppliers and Manufactures

  • Demand Side: Ethylene Oxide Catalyst manufacturing companies

  • Regulatory Side: Concerned government authorities, and other regulatory bodies.