Ethylene Oxide Market Size, Growth Analysis, Opportunities, Business Outlook and Forecast to 2031
Ethylene Oxide Market Overview: The ethylene oxide market size was valued at USD 31,954.23 million in 2022 and is projected to reach USD 41,764.11 Million by 2031, growing at a CAGR of 3.1% during the forecast period. This report provides a comprehensive overview of the market, including drivers, restraints, opportunities, key players, segmentation, regional analysis, and recent developments. Ethylene oxide is a versatile chemical compound used in the production of various downstream products, including ethylene glycol (EG), ethoxylates, and glycol ethers. It is a colourless gas with a faint ethereal odor and is highly flammable. Ethylene oxide is produced by the direct oxidation of ethylene over a silver catalyst. Ethylene Oxide Market Drivers: Expanding construction and automotive industries: The construction industry is experiencing growth, leading to increased demand for EtO-derived products like polyurethane foams and adhesives. Similarly, the automotive industry's ...