The growth of the global ethylene oxide market is mainly driven by rising demand for ethylene glycol in numerous applications including PET resins, polyester fibres, and antifreeze for engines among others. PET resins are being widely used in packaging industry in packaged food and beverages due to convenience and improved shelf life of the products.
According to the recent study the ethylene oxide market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increase in demand from personal healthcare and automotive industries, upsurge in demand for PET bottles from packaging industries and rapid increase in demand ... Read more
