Encouraging Prospects For Global Ethylene Oxide, Ethylene Glycol Markets

摘要

Global demand for ethylene oxide and ethylene glycol will remain on a steady upward trajectory in the next five years, as per the forecast of a new report. Growth will be sustained by robust demand for PET resins and polyester fibers as well as rising demand for automotive antifreeze. In 2011, the value of the worldwide ethylene oxide market stood at $29 billion. Compound annual growth between 2013 and 2018 is projected at 5.7%, which means that the market will be worth $42.6 billion by the end of the period in terms of geography, the Asia-Pacific is the global leader in ethylene oxide demand and contributed about 64% to total revenues in 2012. Together with Central Europe, the Middle East and South America, the Asia-Pacific will drive up demand for ethylene oxide in the next few years. North America and Western Europe will make only a modest contribution as their mature markets deliver sluggish growth.