The global ethylene oxide market share is anticipated to grow at a significant rate in the following years. The market witnessed a huge surge in demand for ethylene oxide as a forming agent for adhesives, pharmaceuticals, coatings, and textiles. In various proportions, it is used in hospitals as fumigants and sterility for medical equipment

The demand for specialty detergents is expected to enlarge in the near years owing to growing awareness in consumers. The demand for cosmetic products is likely to gain a positive traction in the Asia Pacific markets such as Japan, China and India

The market is also witnessing a huge rise in demand for applications of ethylene oxide based on monoethylene glycol, ethanolamine, diethylene, and triethylene. Monoethylene glycol is a widely used application in production of bottles, films, and polyester fibers

Asia Pacific is a dominant market for ethylene oxide with China as a major consumer as well as producer. Ethylene oxide is used a multi-variant application for several purpose in the automobile and aftermarket service industry. Moreover, ethylene oxide derivatives have earned a high reputation in the consumer market that propels the market growth on a global scale

The product is extensively utilized in the manufacturing of sealants and hot melt adhesives owing to its superior properties of adhesion and mechanical cohesion. Various benefits of the product include heat stability, heat resistance, formulation flexibility, chemical reactivity, and adhesion on difficult surfaces. The product finds application in numerous industries including packaging, automotive, building & construction, and textile.

Ethylene undergoes polymerization with different molecules such as vinyl, butyl, ethyl, and propylene to form complex copolymers, which are primarily used in industries such as automotive and packaging. The increasing adoption of waste packaging recycling as an environment-friendly activity is expected to fuel the market growth over the forecast period.

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Further key findings from the report suggest:

• Chemical companies with expertise in ethylene oxide sterilization are emphasizing on providing an all-in-one package to install ethylene oxide sterilization at medical units. For instance, RSD is a leading provider of turnkey solutions for EtO sterilization that not only offers autoclave designs but also offers a complete package of installation to the medical sector
• European market is likely to experience long supply and low demand as suppliers are likely to shift their focus from ethylene oxide molecules to high purity ethylene oxide derivatives that have gained a huge market attraction on the backdrop of covid-19 pandemic
• In January 2020, Illinois based Medline Industries announced the shutdown of their ethylene oxide sterilization facility since December 2019. FDA contemplates this as a major step towards completing emission reduction equipment to align the facility with pre-approved ethylene oxide exposure standards. At the present, FDA is monitoring the device’s impact in line with discussions with Medline
• The global market is characterized by major players focusing on R&D activities. Companies involved in the manufacturing of ethylene copolymers have their own distribution channels across the globe, which is expected to increase their profit margins. This also helps companies meet consumer demands in a timely manner.