Global ethylene oxide expected to reach 36mtpa by 2023, says GlobalData

25 November 2019 (Last Updated November 25th, 2019 14:13)

Global ethylene oxide expected to reach 36mtpa by 2023, says GlobalData

Ethylene oxide (EO) is a key part of the global chemicals industry. The simple organic compound is used in a number of applications, and maintaining sufficient global capacity is therefore of high importance.

One of the most common uses of EO is to synthesize the compound diethylene glycol. This and trielthylene glycol account for 75% of global EO consumption, and are commonly used as solvents, coolants and antifreeze.

In the report ‘Global Ethylene Oxide (EO) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, GlobalData explores and evaluates global EO capacity for upcoming years to 2023.

Global ethylene oxide capacity is set to rise over the next five years

In 2018, global capacity for EO was 25mtpa, a figure that is expected to rise to 36mtpa in 2023. Currently, there are more than 29 planned and announced EO plants due to come online, the majority of which are in Asia and North America. The main companies to watch during this forecast period are Saudi Basic Industries Corp., China Sanjiang Fine Chemicals Co. Ltd, and Ineos AG.

The key highlights of this report include:

  • Gain an in-depth understanding of EO and its uses
  • Obtain critical and up-to-date information on active, planned and announced EO plants globally
  • Identify key opportunities in the EO industry, including upcoming projects and capital expenditure
  • Use historical and forecast data to make better-informed decisions

The report enables a true understanding of the EO industry and its real-world uses. By exploring key insights into the chemical market, the reader will be able to make better strategic decisions and maximise investment opportunities.

To find out more about this report, visit the GlobalData Report Store.