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It is a flammable gas and colourless.
They are bactericidal, fungicidal and sporicidal disinfectant and are effective against micro- organisms.
In food and textiles they are used as a fumigant.
Global Ethylene Oxide Market is estimated to grow with a stable CAGR of 5.92% in the forecast period of 2019-2026.
Increase in the demand of PET is the major factor for the growth of this market.
Some of the leading key players profiled in this study: Al SABIC, BASF SE, Formosa Plastics Corporation, Huntsman International LLC., India Glycol Limited, Indian Oil Corporation Ltd, Indorama Ventures Public Company Limited, INEOS, KAZANORGSINTEZ, LyondellBasell Industries Holdings B.V., Nippon Shokubai Co., Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Limited, Shell Global.Request Free Sample Report at @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-ethylene-oxide-marketMarket Drivers:Increasing usage of ethylene oxide in healthcare devices is driving marketIncreasing demand of ethylene oxide in agricultural products as fumigants is driving marketMarket Restraints:Its flammable nature at room temperature is restraining the marketIts hazardous effect on eyes and skin is restraining the marketKey Developments in the Market:In July 2017, Pemex Etileno subsidiary of Petroleos Mexicanos considered an E-auction to adjudicate quantities of ethylene oxide in which 10 companies participated.In April 2018, Croda announce the launch of their 100% bio-based ethylene oxide plant in New Castle in which two- third of the material will be derived from the natural resources.Competitive Analysis: Global ethylene oxide market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.