Global High Purity Ethylene Oxide (HPEO) Market | 2031
Global High Purity Ethylene Oxide (HPEO) Market | 2031
Segments - Global High Purity Ethylene Oxide (HPEO) Market by Derivative (Ethylene Glycols [Monoethylene Glycol, Diethylene Glycol, and Triethylene Glycol], Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Others), By Application (Polyester Fibres, Plastic bottles, Surfactants, Antifreeze compounds, and Others), and By End-use Industry (Pharmaceuticals, Food & Beverages, Cosmetic and Personal care, Automotive, Textile, and Others), and by Region North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2023 To 2031
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| Report ID :MC-5281
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| 190 Pages
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Report Description
The High Purity Ethylene Oxide (HPEO) market size was USD XX in 2022 and is likely to reach USD XX by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the growing demand for High Purity Ethylene Oxide (HPEO) for various purposes in the automotive industry as well as for cosmetic and personal care products.
Ethylene oxide of high purity (99.5–99.95%) is a chemical that is used as an intermediate in the production of derivatives that provide necessary raw materials for soap and detergent components, antifreeze, cosmetics & paints, polyester fibers, drinks bottles, and soap & detergent components.
High-purity ethylene oxide is produced from ethylene by the oxidation process. It is produced from petrochemical-based raw materials, including ethane, naphtha, and propane. Ethylene and oxygen react to form the ethylene oxide and byproducts carbon dioxide and water inside the catalyst-filled tubes. It is used to produce chemicals, including antifreeze. Moreover, it is used as a pesticide and sterilizing agent.
Relatively small amounts of ethylene oxide are used as a fumigant, as a sterilant for food (spices) and cosmetics, and in-hospital sterilization of surgical equipment and plastic, devices that are difficult to sterilize by steam.
The research report finds that the COVID-19 pandemic had a positive impact on the high-purity ethylene oxide market. The effect of the pandemic creates great awareness regarding cleaning products and hand sanitization. Thus, the sale of personal care and sterilizing agents upsurged during the outbreak in developing countries.
High Purity Ethylene Oxide (HPEO) Market Dynamics
Drivers
Growing demand for High-purity Ethylene Oxide in the automotive industry is driving the market. Ethylene oxide is widely used in the automotive sector as it acts as a coolant in summer and prevents the overheating of a car engine. Increasing usage of Ethylene oxide in household products is expected to drive the market. It is widely used to make a variety of products from shampoos to disinfectants to laundry detergent.
Restraints
Long-term exposure to High Purity Ethylene Oxide in humans can cause irritation of the eyes, skin, nose, throat, and lungs, and damage to the brain and nervous system which is expected to hamper the market.
Opportunities
Rising investments by key players to make eco-friendly products from HPEO is creating lucrative opportunities for the market in the coming years. The increasing demand for high-purity ethylene oxide from the pharmaceutical and food industries is going to create new opportunities for the market.
Scope of the Report
The Global High Purity Ethylene Oxide (HPEO) Market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
High Purity Ethylene Oxide Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
By Derivative (Ethylene Glycols [Monoethylene Glycol, Diethylene Glycol, and Triethylene Glycol], Ethoxylates, Ethanolamines, Glycol Ethers, Polyethylene Glycol, and Others), By Application (Polyester Fibers, Plastic bottles, Surfactants, Antifreeze compounds, and Others), and By End Use Industry ( Pharmaceuticals, Food & Beverages, Cosmetic and Personal care, Automotive, Textile, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Shell Global; China Petroleum & Chemical Corporation; Reliance; BASF SE; Indorama Ventures Public Company Limited; NIPPON SHOKUBAI CO., LTD; and LOTTE Chemical Corporation |
High Purity Ethylene Oxide (HPEO) Market Segment Insights
Based on Derivatives, the High Purity Ethylene Oxide (HPEO) Market is divided into ethylene glycols, ethoxylates, ethanolamines, glycol ethers, polyethylene glycol, and others. The ethylene glycol segment is expected to dominate the market owing to the wide use of this industrial compound in many consumer products.
The ethylene glycol segment is further divided into monoethylene glycol, diethylene glycol, and triethylene glycol. Ethylene glycol is a clear, sweet, slightly viscous liquid that is commonly used as an automotive antifreeze. It has various applications across various industries including the automotive industry.
Ethylene glycol is used as an antifreeze and coolant as it aids in keeping the car engine warmer in the winter and helps in avoiding overheating of the car engine by acting as a coolant in summer.
On the basis of Application, the market is segmented into polyester fibers, plastic bottles, surfactants, antifreeze compounds, and others. The antifreeze compounds segment is anticipated to hold a major share of the market owing to the use of extensive use of this derivate for automotive industry usage.
The surfactants segment is expected to register a considerable CAGR in the coming years due to owing to increasing use of ethylene oxide as surfactants and emulsifiers for disinfecting and cleaning purposes. These surfactants are widely used in hospitals, hotels, cafeterias, and restaurants.
In terms of the End-use Industry, the market is divided into pharmaceuticals, food & beverages, cosmetic and personal care, automotive, textile, and others. The cosmetics and personal care segment is expected to dominate the market due to the growing use of ethylene oxide as a sterilant preservative in cosmetics and personal care products. The extensive use of ethoxylation in manufacturing many personal care products like hair conditioners, cosmetics, shampoos, and shower gels.
Ethoxylation is a process through which ethylene oxide is produced as a byproduct and then it is used to make chemical ingredients used in cosmetics and personal care products. The demand for ethoxylation to use it for personal and cosmetics products is expected to grow in the coming years as it reacts with other chemicals and makes it less harsh.
On the basis of region, the global High Purity Ethylene Oxide (HPEO) market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to dominate the market due to the increasing use of High-purity Ethylene Oxide in the rapidly growing automotive industry in emerging economies such as India and China.
North America is anticipated to register a considerable CAGR during the forecast period due to the extensive use of ethanolamine as an intermediate ingredient for producing PEG- Amines that are further utilized across various industries.
Segments
By Derrivative
- Ethylene Glycols
- Monoethylene Glycol
- Diethylene Glycol
- Triethylene Glycol
- Ethoxylates,
- Ethanolamines,
- Glycol Ethers
- Polyethylene Glycol
- Others
By Application
- Polyester Fibers
- Plastic bottles
- Surfactants
- Antifreeze compounds
- Others
By End-use Industry
- Pharmaceuticals
- Food & Beverages
- Cosmetic and Personal care
- Automotive
- Textile
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Shell Global
- China Petroleum &
- Chemical Corporation
- Reliance
- BASF SE
- Indorama Ventures Public Company Limited
- NIPPON SHOKUBAI CO.LTD
- LOTTE Chemical Corporation.
Competitive Landscape
Key players competing in the market are Shell Global; China Petroleum & Chemical Corporation; Reliance; BASF SE; Indorama Ventures Public Company Limited; NIPPON SHOKUBAI CO., LTD; and LOTTE Chemical Corporation.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. High Purity Ethylene Oxide (HPEO) Market Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Purity Ethylene Oxide (HPEO) Market Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Purity Ethylene Oxide (HPEO) Market Market - Supply Chain
4.5. Global High Purity Ethylene Oxide (HPEO) Market Market Forecast
4.5.1. High Purity Ethylene Oxide (HPEO) Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Purity Ethylene Oxide (HPEO) Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. High Purity Ethylene Oxide (HPEO) Market Market Absolute $ Opportunity
5. Global High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
5.3.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
6.3.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
8. North America High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
8.4.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
8.7.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
9. Latin America High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
9.4.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
9.7.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
10. Europe High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
10.4.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
10.7.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
11. Asia Pacific High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
11.4.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
11.7.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
12. Middle East & Africa High Purity Ethylene Oxide (HPEO) Market Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by Applications
12.4.1. Polyester Fibers Plastic bottles Surfactants Antifreeze compounds Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa High Purity Ethylene Oxide (HPEO) Market Market Size and Volume Forecast by End Users
12.7.1. Pharmaceuticals Food & Beverages Cosmetic and Personal care Automotive Textile Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa High Purity Ethylene Oxide (HPEO) Market Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global High Purity Ethylene Oxide (HPEO) Market Market: Market Share Analysis
13.2. High Purity Ethylene Oxide (HPEO) Market Distributors and Customers
13.3. High Purity Ethylene Oxide (HPEO) Market Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Shell Global
13.4.2. China Petroleum & Chemical Corporation
13.4.3. Reliance
13.4.4. BASF SE
13.4.5. Indorama Ventures Public Company Limited
13.4.6. NIPPON SHOKUBAI CO., LTD
13.4.7. LOTTE Chemical Corporation
Methodology
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