Alkylene Oxides and Glycols Market Analysis

End-user (Plastics & Polymers, Cosmetics & Personal Care, Chemical & Pharmaceutical, Detergents)

The global alkylene oxides and glycols market is segmented and analyzed for demand and supply by end use into plastics & polymers, cosmetics & personal care, chemical & pharmaceutical, detergents, and others, out of which, the plastics & polymers segment is anticipated to hold the largest share in the global alkylene oxides and glycols market. The growth of the segment can be attributed to the widespread use of plastics and the critical function ethylene glycol plays in the production of polymers. Almost every industry uses plastic in some capacity, including food packaging, building and construction, textiles, consumer goods, transportation, electrical and electronic equipment, and industrial machinery. In addition to these, plastics have a number of distinctive qualities, including the ability to operate at a very broad range of temperatures, resistance to chemicals and light. For instance, people consume more than 1 million plastic bottles each minute. According to the report, more than 400 billion plastic bags are used annually, which is 10 million every minute.

Alkylene Type (Ethylene, Propylene, Butylene)

The global alkylene oxides and glycols market is also segmented and analyzed for demand and supply by alkylene type into ethylene, propylene, and butylene. Amongst these three segments, the ethylene segment is expected to garner a significant share. The growth of the segment can be attributed to the growing use of ethylene oxides and glycols as antifreeze and coolants in commercial and industrial applications. In mechanical equipment, antifreeze compounds are employed in subfreezing conditions to stop heat transfer fluids from freezing. Further, during machining processes, coolants in a variety of forms, such as solid, liquid, or gaseous, are utilized to reduce friction and heat created in the contact zones between cutting tools and workpieces. Moreover, coolants improve the surface quality of workpieces, reduce the pace at which tools wear out, and prevent the growth of built-up edges (BUE).

Our in-depth analysis of the global market includes the following segments: