Why did the Ethylene Oxide Price Change in July 2025? For Q2 2025, the Ethylene Oxide Price Index averaged +0.5%, on an FOB US Gulf basis. Prices remained mostly stable and settled near USD 912/MT by end of June, supported by stable contract trades.

Get the latest insights on price movement and trend analysis of Ethylene Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global ethylene oxide market is calculated to reach US$ 60.6 billion in 2024. Worldwide sales of ethylene oxide (EO) are projected to rise at a CAGR of 5.8% and climb to US$ 106.5 billion by the end of 2034.

Report Attributes	Details
Ethylene Oxide Market Size (2024E)	US$ 60.6 Billion
Forecasted Market Value (2034F)	US$ 106.5 Billion
Global Market Growth Rate (2024 to 2034)	5.8% CAGR
Market Share of Glycol Ether (2034F)	24.9%
Japan Market Growth Rate (2024 to 2034)	4.5% CAGR
East Asia Market Share (2034F)	24.6%
Key Companies Profiled	BASF LOTTE Chemical Corporation SABIC Huntsman International India Glycols Ltd. Indian Oil Corporation DowDupont Indorama Venture Public Company Ltd. Royal Dutch Shell Formosa Plastic Ltd.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 7.3 Billion
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 13.7 Billion

Attribute	China
Market Value (2024E)	US$ 8.8 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 15 Billion

Category-wise Insights

Attribute	Glycol Ether
Segment Value (2024E)	US$ 15.5 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 26.5 Billion

The global Ethylene Oxide market stood at nearly 27986 thousand tonnes in 2024 and is expected to grow at a steady CAGR of 4.63% during the forecast period until 2035.

The Ethylene Oxide Market Report is Segmented by Derivative (Ethylene Glycols, Ethoxylates, Ethanolamines, and More), Application (Polyester Fiber and PET Resins, Surfactants and Detergents, and More), End-User Industry (Automotive, Agrochemicals, Food and Beverage, and More), Feedstock (Petro-Based Ethylene and Bio-Ethylene), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

The Ethylene Oxide market size is projected to grow from USD 31.28 Bn in the year 2022 to USD 37.13 Bn by 2029 at a CAGR of 3.15% from 2021-2029.

In terms of revenue, Ethylene Glycols was the leading Application with 34.58% share of total Ethylene Oxide market.

In terms of revenue, Automotive was the leading End-user with 31.17% share of total Ethylene Oxide market in 2021

Asia Pacific was the dominated region with 36.47% of total revenue market share in 2021.

Ethylene oxide is excessively used in the manufacturing process of other chemicals. Most ethylene oxide is used to manufacture ethylene glycol which is used in automotive antifreeze. Over the years, the need for vehicles has increased as the population has grown. Almost every family in the world owns at least one vehicle. People rely on automobiles as a need are drastically increasing.
According to the study, global car sales was increase to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020. Hence, rising automotive industry is directly stimulating the demand for EO and thus urging its growth across the globe.
Moreover, wide usage of ethylene oxide in other end-use industries, including textile, pharmaceutical, and various other sectors is enhancing its demand and thus the market will show exponential growth rate in coming years.

Factors hampering Ethylene Oxides Market:

The usage of EO is associated with several disadvantage as it is a costly and time taking process. Further, it is potentially hazardous to health. Acute exposure to EO may result in irritation of eyes, skin, gastrointestinal or respiratory tracts and even cause central nervous system depression. Chronic inhalation has been linked to the formation of cataracts, cognitive impairment, neurologic dysfunction, and disabling polyneuropathies.
Thus, EU followed by various regions across the globe has banned its use as a pesticide back in 1991. The EU set out its maximum residue levels (MRLs) for ethylene oxide in a range of foods and products in regulation (EC) No 396/2005 and its subsequent amendments. These levels vary from 0.02mg/kg to 0.1mg/kg, depending on the nature of the product.

Ethylene oxide is a colourless, combustible gas with a faintly pleasant smell that is created from ethylene by the process of direct oxidation. Since it is manufactured industrially by the oxidation of ethylene in the presence of a silver catalyst, it is also known as oxirane.

It is created using petrochemical-based raw ingredients such as ethane, naphtha, and propane, which are acquired from the distillation of crude oil. In addition to other industrial uses, ethylene oxide is extensively used in the chemical and medical industries.

For the fourth year in a row, the Indian ethylene oxide market recorded decline in sales value, which decreased by -39.2% to $869K in 2024. Overall, consumption showed a deep downturn. Ethylene oxide consumption peaked at $14M in 2016; however, from 2017 to 2024, consumption remained at a lower figure.

The Singaporean ethylene oxide market totaled $1.6M in 2024, increasing by 12% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2024; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $1.6M; afterwards, it flattened through to 2024.

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The ethylene oxide and ethylene glycol market has the potential to grow by USD 19.55 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.89%.

This ethylene oxide and ethylene glycol market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (ethylene oxide and ethylene glycol) and geography (APAC, Europe, North America, MEA, and South America). The ethylene oxide and ethylene glycol market report also offers information on several market vendors, including BASF SE, Dow Inc., Formosa Plastics Corp., INEOS Group Holdings SA, LG Electronics Inc., LyondellBasell Industries NV, Reliance Industries Ltd., Royal Dutch Shell Plc, and Saudi Basic Industries Corp. among others.

What will the Ethylene Oxide and Ethylene Glycol Market Size be in 2021?

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Ethylene Oxide and Ethylene Glycol Market: Key Drivers and Trends

The developments in end-user industries are notably driving the ethylene oxide and ethylene glycol market growth, although factors such as fluctuation in prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ethylene oxide and ethylene glycol industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This ethylene oxide and ethylene glycol market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Ethylene Oxide and Ethylene Glycol Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BASF SE
Dow Inc.
Formosa Plastics Corp.
INEOS Group Holdings SA
LG Electronics Inc.
LyondellBasell Industries NV
Reliance Industries Ltd.
Royal Dutch Shell Plc
Saudi Basic Industries Corp.

The vendor landscape of the ethylene oxide and ethylene glycol market entails successful business strategies deployed by the vendors. The ethylene oxide and ethylene glycol market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the ethylene oxide and ethylene glycol market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Ethylene Oxide and Ethylene Glycol Market?

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46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for ethylene oxide and ethylene glycol in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The surge in demand for PET packaging will facilitate the ethylene oxide and ethylene glycol market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Ethylene Oxide and Ethylene Glycol Market?

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The ethylene oxide and ethylene glycol market share growth by the ethylene oxide segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ethylene oxide and ethylene glycol market size. Furthermore, our analysts have indicated actionable market insights on p

The global Ethylene Oxide (EO) market size reached USD 31.09 Billion and is expected to reach USD 42.44 Billion in 2030 registering a CAGR of 3.54%. Ethylene Oxide industry report classifies global market by share, trend, growth and based on derivatives, application, end-use, and region.

Get the latest insights on price movement and trend analysis of Ethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global ethylene oxide market size reached approximately USD 33.13 Billion in 2024. The market is assessed to grow at a CAGR of 4.40% between 2025 and 2034, reaching a value of around USD 50.96 Billion by 2034.

In 2022, the market volume of ethylene oxide worldwide amounted to nearly 31.58 million metric tons. It is forecast that the market volume of this organic compound will grow to around 36.45 million metric tons worldwide in the year 2030.

The global Ethylene Oxide Market Size is anticipated to grow from USD 32 billion in 2023 to USD 41.7 billion by 2034, with a projected CAGR of 3% from 2023-2034.

Ethylene Oxide Market Size Surpasses $ 41,764.11 Mn by 2031 with a CAGR of 3.1%. the high demand for polyester fiber for the manufacturing of a variety of industries along with the growing demand for PET in packaging applications is driving the growt

The UK market for ethylene oxide is expected to experience a steady increase in demand over the next decade, with a projected growth in both volume and value. By 2035, the market volume is estimated to reach 11K tons and the market value to reach $20M.

Ethylene Glycol and Ethylene Oxide Market Outlook

The global market size for ethylene glycol and ethylene oxide was valued at approximately USD 45 billion in 2023, and it is projected to reach around USD 70 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.0% during the forecast period. This growth can be primarily attributed to the increasing demand from various end-user industries such as automotive, textiles, and packaging, coupled with the rising consumption of polyethylene terephthalate (PET) resins and polyester fibers globally.

One of the key growth factors for the ethylene glycol and ethylene oxide market is the burgeoning demand for polyester fibers, which are extensively used in the textile industry. With the global population on the rise, there has been a significant upsurge in the demand for apparel and home textiles, which in turn has driven the demand for polyester fibers. Polyester, being more durable, cost-effective, and wrinkle-resistant compared to natural fibers, has gained immense popularity, thereby boosting the demand for its raw materials, including ethylene glycol.

Additionally, the automotive industry plays a crucial role in the market's growth. Ethylene glycol is extensively used as a coolant and antifreeze in vehicles, and with the increasing production of automobiles, especially in emerging economies, the demand for ethylene glycol has witnessed substantial growth. Furthermore, advancements in automotive technologies and the growing focus on enhancing vehicle efficiency are expected to further drive the demand for high-performance coolants, thus positively impacting market growth.

The packaging industry is another significant contributor to the market's expansion. The rise in consumer goods consumption, e-commerce, and the need for efficient packaging solutions have led to an increased demand for PET resins, which are used in the production of plastic bottles and containers. Ethylene glycol is a key raw material in the production of PET resins, and the growing demand for PET packaging solutions is expected to fuel the market's growth in the coming years.

Ethylene Chlorohydrine, a chemical compound derived from ethylene oxide, is gaining attention due to its versatile applications in various industrial processes. This compound is primarily used as an intermediate in the synthesis of other chemicals, including pharmaceuticals and pesticides. Its role in the production of surfactants and as a solvent in the textile industry further underscores its importance. As industries continue to seek efficient and cost-effective solutions, the demand for Ethylene Chlorohydrine is expected to rise, contributing to the overall growth of the ethylene derivatives market.

Regionally, the Asia Pacific region is anticipated to dominate the market, driven by rapid industrialization, urbanization, and the expanding automotive and textile sectors in countries such as China and India. North America and Europe are also significant markets, with substantial demand from the automotive and packaging industries. However, the Middle East & Africa and Latin America are expected to witness moderate growth, but these regions hold potential for future market expansion due to their developing industries and increasing investments.

Product Type Analysis

The ethylene glycol market can be segmented by product type into monoethylene glycol (MEG), diethylene glycol (DEG), triethylene glycol (TEG), and ethylene oxide. Monoethylene glycol (MEG) is the most prominent segment owing to its extensive usage in the production of polyester fibers and PET resins. MEG's properties such as high solvency and low volatility make it a preferred choice in various industrial applications. The rising demand for polyester in the textile industry and PET in packaging is expected to drive the growth of this segment significantly.

Diethylene glycol (DEG) finds its applications in the production of unsaturated polyester resins, plasticizers, and antifreeze formulations. The segment is expected to witness steady growth driven by its usage in the manufacturing of plasticizers, which are integral to the production of flexible plastics. Additionally, DEG's role in the formulation of antifreeze and deicing solutions for automobiles and aircrafts is another factor contributing to its market growth.

Triethylene glycol (TEG) is primarily used in natu

India Ethylene Oxide Market achieved a total market volume of 311.82 thousand Metric Tonnes in 2024 and is poised for strong growth in the forecast period to reach 382.97 thousand Metric Tonnes in 2030, with a projected Compound Annual Growth Rate (CAGR) of 3.52% through 2030.

Pages	85
Market Size	2024: 311.82 thousand Metric Tonnes
Forecast Market Size	2030: 382.97 thousand Metric Tonnes
CAGR	2025-2030: 3.52%
Fastest Growing Segment	Healthcare
Largest Market	West India
Key Players	1. Indian glycol Limited 2. Galaxy Surfactants Ltd 4. Sterling Auxiliaries Pvt Ltd 5. Reliance Industries Limited 6. Mercury Industries Ltd.

Ethylene oxide imports into India soared to 236 tons in 2023, picking up by 66% on 2022.

The ethylene oxide market is segmented into various product types, each with its unique properties and applications. These downstream products represent a significant portion of the overall market value and demonstrate the versatility of EO as a chemical building block: Ethylene Glycol (EG): A crucial component in antifreeze, polyester fibers, and other applications. Ethoxylates: Widely used as surfactants in detergents, emulsifiers in cosmetics, and other applications requiring surface-active properties. Ethanolamines: Essential in various industries, including gas treating, pharmaceuticals, and cosmetics, providing diverse functionalities. Glycol Ethers: Valuable solvents utilized in paints, coatings, and cleaning products. Polyethylene Glycol (PEG): Used in numerous applications, from pharmaceuticals and cosmetics to industrial processes, owing to its unique properties. Polyether Polyols: Key ingredients in the production of polyurethane foams, elastomers, and coatings. Recent developments include: Investments in bio-based ethylene oxide production facilities

, Partnerships for developing innovative ethylene oxide-based materials

, Acquisitions and mergers to strengthen market positions. Key drivers for this market are: Rising demand for polyethylene and polyethylene-based products Growing population and disposable income. Potential restraints include: Fluctuating feedstock prices Stringent environmental regulations. Notable trends are: Sustainable production using bio-based feedstocks Development of ethylene oxide-based polymers with enhanced properties.