The global ethylene oxide market is expected to grow at a CAGR of 4.62%, reaching a market size of US$42.833 billion in 2030 from US$34.218 billion in 2025.
Ethylene Oxide is a highly flammable gas at room temperature and is used in the manufacturing of ethylene glycol. This man-made chemical is dissolved readily in water. Ethylene glycol has wider applications, creating a significant demand for ethylene oxide. The former is used to make an anti-freezer and polyester. Furthermore, ethylene glycol is used in the medical industry to sterilize medical equipment and supplies. Robust growth in the end-user industries of ethylene oxide and/ or ethylene glycol is anticipated to drive the market for ethylene oxide.
However, being highly flammable, ethylene oxide requires caution and a superior storage facility. Further, prolonged exposure to this gas has been observed to cause leukemia and other cancers in workers. The hazardous potential of ethylene oxide, coupled with its adverse effect on the human body, raises concerns in the industry and requires government and other institutions' interference and regulation. Increased restrictions and regulations by the government can potentially hinder market growth.
Global ethylene oxide market geographical outlook
The Asia Pacific region will dominate the global ethylene oxide market during the forecast period.
Based on geography, the global ethylene oxide market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region. The North American and European ethylene oxide market is predicted to dominate the global industry owing to the concentration of larger pharmaceutical companies. Further, the expansion of production units by major market players in these regions is expected to drive this market. However, the Asia Pacific ethylene oxide market is calculated to grow at a significant rate during the forecasted period. Growth of medical infrastructure and pharmaceutical companies is expected to support the market growth.
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