The global ethylene oxide and ethylene glycol market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Ethylene glycol's versatility in industries such as automotive, textile, packaging, and construction fuels demand, especially in emerging economies. Its crucial role in polyester fiber production, coupled with its use as an antifreeze agent in automobiles, amplifies market expansion. Technological advancements and research investments contribute to enhanced product quality and efficiency. Moreover, the adoption of bio-based alternatives to meet sustainability goals further boosts market prospects. With the increasing applications and advancements in production technologies, the global ethylene oxide and ethylene glycol market are poised for sustained growth during the forecast period. To meet the growing demand key players are coming with new product launches.
For instance, in March 2024, BMW is set to introduce its latest generation 5 Series, debuting initially as the i5 variant through the CBU route. The i5, spearheaded by the top-tier i5 M60 xDrive, will make its debut in India, marking the advent of the electric luxury sedan. The i5 will be produced in limited numbers, ensuring exclusivity. With a robust powertrain boasting 601 hp and 820 Nm torque, the i5 M60 xDrive accelerates from 0 to 100 km/h in just 3.8 seconds. It boasts a WLTP range of up to 516 km and features M-specific design elements, including performance brakes, a rear spoiler, and an illuminated grille in Blue.
Further, in March 2024, PACCAR Parts introduced TRP ALLCOOL, an Australian-made coolant formulated with ethylene glycol to safeguard engines from overheating and freezing. Originally designed as a factory fill coolant, TRP ALLCOOL surpasses many OEM requirements when properly maintained. It protects diesel engines from liner pitting and scale deposits while preventing corrosion of metal components in the cooling system. Available in premixed and concentrate formulas and various sizes, TRP ALLCOOL offers universal ethylene glycol anti-freeze and anti-boil properties.
Furthermore, in October 2022, Fernox expands its product range with Heat Transfer Fluid HP-EG, a high-performance inhibited antifreeze containing ethylene glycol for air and ground source heat pump systems. Supplied in concentrated form, Fernox HP-EG extends the lifespan of heat pump systems by safeguarding against corrosion and limescale buildup. Additionally, it provides freeze protection within a temperature range of -10°C to -33°C. With ethylene glycol as its base, this product is specifically formulated for air and ground source heat pumps, with one 20-liter drum treating up to 80 liters. Fernox HP-EG offers lower viscosity compared to propylene glycol-based alternatives, resulting in reduced energy consumption during system circulation.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- Ethylene Oxide Products
- Ethylene Glycol Products
- Ethylene Oxide and glycol Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes BASF SE, China Petrochemical Corporation, INEOS GROUP HOLDINGS S.A, Reliance Industries Limited, Saudi Basic Industries Corporation, and Shell PLC among others.
Ethylene oxide and Ethylene Glycol Market Report Segment
Ethylene Oxide Products
- Ethylene Carbonate
- Ethanolamines
- Glycol Ethers
- Others
Ethylene Glycol Products
- Monoethylene Glycol
- Triethylene Glycol
- Diethylene Glycol
- Polyethylene Terephthalate
- Others
By Ethylene Oxide and Glycol Application
- Polyester Fibers
- PET Resins
- Antifreeze
- Brake Fluids
- Surfactants
- Automotive Coolants
- Plastics
- Others
A full Report of Ethylene Oxide and Ethylene Glycol Market is Available @ https://www.omrglobal.com/industry-reports/ethylene-oxide-and-ethylene-glycol-market
Ethylene oxide and Ethylene Glycol Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Dow Chemical Company
- Exxon Mobil Corp.
- India Glycols Ltd.
- LOTTE Chemical
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Corp.
- NIPPON SHOKUBAI CO., LTD.
- Pertamina Rosneft Pengolahan&Petrolkimia
- Sasol Ltd.
- Toyo Engineering Korea Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ethylene-oxide-and-ethylene-glycol-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Article source: https://article-realm.com/article/Business/63472-Ethylene-Oxide-and-Ethylene-Glycol-Market-to-Signify-Strong-Growth-by-2024-2031.html
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