Ethylene oxide is also known as
oxirane which is an organic compound.It’s a colorless and flammable gas.
Ethylene oxide is widely used across various industries for production of
solvents, detergents, adhesives, antifreeze, textiles, and pharmaceuticals.
Ethylene oxideis also present in sterility for cosmetics and spices, fumigants,
in hospitals for sterility of surgical equipment, etc. Growing demand for PET
resins and polyester fibers is expected to drive the global market for ethylene
oxide over the forecast period. Ethylene oxide is also used in food and
beverages and textile industries. Polyester fibers are extensively used in
coated fabrics, seat belts, conveyor belt fabrics, etc. whereas; PET resins are
extensively used for the manufacturing of bottles and containers in the food
and beverages industry.
With every PET bottle produced, ethylene oxide is used.
With the increase in demand for PET bottles in every company and is also
preferred by the end users, simultaneously the demand for Ethylene oxide is
increasing. Another driver includes the increasing demand for antifreeze in
automobile industries; antifreeze is used to lower the freezing point of water
based liquid in the vehicles. The restraints which are restricting the
growth of ethylene oxide in the global market is the fluctuations in crude oil
prices in the market; which is very important raw material for ethylene oxide
and also the governing issues. The demand for non-ionic surfactants is
increasing and becoming an opportunity for increase in demand for ethylene
oxides globally.
Browse full research report on Ethylene Oxide Market:
http://www.grandviewresearch.com/industry-analysis/ethylene-oxide-market
There has beena rapid increase in
demand of ethylene oxide in the market. The applications of ethylene oxide are
widely diversified into various areas of use. Various applications of ethylene
oxide analyzed in this report include monoethylene glycol, ethoxylates, ethanolamine,
diethylene & triethylene, polyols, polyethylene, etc. Monoethylene glycol
is more widely used in areas such as for the production of films, bottles,
polyester fibers, also used asantifreeze liquid in automobile industry, heat
transfer liquids, etc.
Monoethylene glycol segment dominates the overall
ethylene oxide market in 2013 and the same is expected to be growing at a
significant rate over the forecast period.Diethylene & Triethyleneare
applied in the process of gas drying and also used as solvents for softeners
for glue, cork and paper. Ethanolamine is a chemical; majorly applied in
textile industry, their applications also includes areas such as soaps,
cosmetics, natural gas purification and detergents. Polyethylene are used in
the preparation of pharmaceutical ointments, cosmetics, lubricants used for
textile finishing, solvents for drugs and paints, and plasticizers for printing
inks and adhesives.
Browse more reports Of this category By Grand View
Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
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