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.
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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.
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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.
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