The global
ethylene glycol and ethylene oxide market is expected to witness
significant demand over the forecast period. Global ethylene glycol and
ethylene oxide demand is expected to witness a high growth on account of its
vast industrial application especially in the manufacturing of pet bottles.
These compounds are vital raw materials that are used in the manufacturing of
various products which include detergents, solvents, thickeners, and plastics.
Ethylene oxide and ethylene glycol are not used directly and most of its
application come as a raw material.
Ethylene oxide is an organic
compound belonging to the cyclic ether family having a molecular formula C2H4O.
At room temperature, it is a colorless gas with a sweet odor. It exhibits
flammable characteristics and is categorized as a hazardous substance. It is
not well known to consumers although highly used as a raw material to produce
consumer products. Ethylene oxide is one of the most produced organic chemicals
in the world. Most of the commercial C2H4O is obtained through the chlorohydrin
process.
Ethylene glycol (C2H6O2) is
obtained when ethylene oxide is treated with water in the presence of acidic
catalysts. It is a colorless liquid having a sweet taste and moderate toxicity.
It is mostly used in the manufacturing of polyester fibers and polyethylene
terephthalate resins (PET). Polyester is a popular compound which used
these compounds as raw material. Increasing consumption of polyester is the
major driving factor propelling the market demand.
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The textile industry is a major
consumer polyester which further drives the overall market demand. Polyester
has shown increasing popularity owing to their robustness, tear, and wrinkle
resistant. These fibers are used as an insulator in the manufacturing of
pillows and upholstery padding. Liquid crystal displays. Further, these polyester
fibers are also used to make liquid crystal displays, holograms, tarpaulin,
wire insulators and insulation tapes.
Manufacturing of PET bottles is
another factor driving the manufacturing of these compounds. Polyethylene
terephthalate (PET) is a thermoplastic polymer resin used to make containers
for food and beverages. The beverage industry has been extensively using these
compounds for packaging. Food and beverage packaging using PET bottles and
containers have overshadowed tin packaging owing to its low cost and convenient
usage. Detergent manufacturing has been significantly contributing in
fueling the demand in recent years. These ethylene compounds are used for
manufacturing surfactants. The healthcare sector has witnessed the use of C2H4O
for sterilizing medical equipment. These applications in the form of a
sterilizing agent and disinfectant agent provide new avenues for the market
growth. Another driver comprises of growing demand for antifreeze agents in
automobile industries. Anti-freezers are used in vehicles to reduce the
freezing point of water based liquid.
Ethylene oxide is categorized as a
hazardous material and requires handling with care. Risks associated with its
usage is expected to offer a major challenge to the industry growth as companies
tend to use safe raw materials for production. Occupational safety and health
Organization (OSHA) is an agency under the United States department of labor.
OSHA aims at guiding the manufacturers and users for best industrial practices.
Stringent government regulations are expected to act as a barrier to industrial
growth in the near future. OSHA has set the maximum exposure limit for 15
minutes of 5 parts per million (ppm). The increase in raw material prices is
expected to affect the global market demand. These compounds are derived from
crude oil and their price fluctuations are expected to impact the
profitability.
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