Asia is the Largest Consumer of Ethylene Oxide and Ethylene Glycol
Ethylene Oxide (EO) and Ethylene Glycol (EG) Markets to 2020 - Asian Polyester Fiber and Resin Demand Leading the Global Market
The report provides an in-depth analysis of the global Ethylene Oxide (EO) and Ethylene Glycol (EG) industry. The research presents detailed analysis and forecasts of the major economic and market trends affecting the EO & EG markets in major regions of the world. The report contains demand, production analysis and forecasts, drivers and restraints, end use analysis and forecasts and a capacity share analysis of the major producers in all the regions of the world. In addition, it includes demand and production forecasts for the major countries in all geographies. Overall, the report presents a comprehensive analysis of the global EO & EG market covering all the major parameters. ( http://www.bharatbook.com/detail.asp?id=153460&rt=Ethylene-Oxide-EOand-Ethylene-Glycol-EGMarkets-to-2020-Asian-Polyester-Fiber-and-Resin-Demand-Leading-the-Global-Market.html )
Global Ethylene Oxide (EO) and Ethylene Glycol (EG) Market is Expected to Grow till 2020
Global EO market has been growing at a CAGR of 4.43% from the year 2000 to 2009. It is forecasted to grow at a CAGR of 4.52% from the year 2009 to 2020. Global demand for EO is expected to grow from 19.946 million tons in the year 2009 to 32.437 million tons in the year 2020.
Asia is the Largest Consumer of EO and EG
Asia is the largest consumer of both EO and EG in the world. Demand in Asia is largely driven by China. Demand in China is largest as compared to any other country of the world. Share of Asia in Global demand foe EO was 35% in the year 2009. North America was second largest region with a share of 24%.
Share of Asia in Global EG demand in the year 2009 was 63%. North America had the second largest demand at 20%.
Global EO Demand is Driven by Global Demand for EG
Global EG is demand is growing at very fast pace. EG is prepared from EO. About 71% of the global EO production goes into manufacturing of EG.
Global EG Demand is Driven demand for Polyester Fibre and PET Resin in Asia
About 85% of the EG produced in Asia goes into production of PET which is used to prepare polyester fibre and PET resin. Demand in Asia is driven by China and India. China has a high per capita consumption of polyester fibre. Per capita consumption of polyester fibre in India is low but it is growing at a very fast pace. Also, China and India are world's fastest growing economies in terms of GDP. This is helping in the growth of packaging applications of PET.