International. Market research firm Transparency Market reported that global demand for ethylene oxide was estimated to be worth more than $28 billion in 2011 and is expected to cross the $40 billion barrier in 2018, growing at a CAGR of more than 6% from 2013 to 2018.
Asia-Pacific and North America dominate the market for this raw material for the manufacture of ethylene glycol (used for the application of paints and solvents), accounting for more than 60% of the total demand in 2011. However, strong growth is expected in The coming years from South America, Asia-Pacific, Eastern and Central Europe and the Middle East.
The ethylene glycol market was estimated to be worth more than $24 billion in 2011 and is expected to cross $38 billion in 2018, growing at a CAGR of more than 7% from 2013 to 2018. Monoethylene glycol is the most important with more than 90% of the overall production of ethylene glycol.
Leave your comment