Alkylene Oxides and Glycols Market Business Opportunities 2023-2035
Research Nester published a report titled “Alkylene Oxides and Glycols Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global alkylene oxides and glycols market in terms of market segmentation by alkylene type, end use, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global alkylene oxides and glycols market is estimated to occupy a large amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2023 – 2035, ascribing to the growing use of PET bottles, and increasing sales of automobiles across the globe, where the product is used to make seat belts. Along with this, escalating demand for better packaged food around the world, and high use of ethylene oxide to sterilize medical products are also expected to accelerate the growth of the market in the forthcoming years.
The market is segmented by alkylene type and end use. Based on alkylene type, the ethylene segment is anticipated to acquire the largest share during the forecast period on the back of the rising usage of ethylene oxides and glycols as an antifreeze and coolant in commercial and industrial applications. Additionally, by end user, the plastics & polymers segment is projected to grab the largest share over the forecast period attributing to the growing use of plastics globally, and rising usage of alkylene oxides and glycols from making polyester fibers and films.
Geographically, the global alkylene oxides and glycols market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth and grab the largest share in the market during the forecast period attributing to the massive demand for polyester fibers in China and India. Moreover, the market in Europe is assessed to acquire a significant share in the future owing to strong presence of major automobile manufacturers, and growing PET resin industry in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Utilization of PET Bottles by People Across the Globe to Drive Market Growth
Alkylene oxides and glycols are a crucial part of making PET bottles as it acts as an antifreeze and coolant during the manufacturing of plastics. In addition, PET bottles are used all around the world for consuming water and other drinks, coupled with the rise in demand for attractive packaging among consumers, the market is expected to witness robust growth in the near future.
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However, high toxic content of the materials is expected to operate as key restraint to the growth of the global alkylene oxides and glycols market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global alkylene oxides and glycols market which includes company profiling of Akzonobel N.V., BASF SE, China Petroleum & Chemical Corporation, Clariant AG, ExxonMobil Corporation, Formosa Plastics Group, INEOS Group, Huntsman Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global alkylene oxides and glycols market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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