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Asia has become the largest consumer of ethylene oxide and ethylene glycol in the world. Of course, this is mainly due to the rapid growth in demand in China, and China also claims to be the world’s largest supplier of ethylene oxide and ethylene glycol. In 2009, Asia accounted for 35% of global ethylene oxide demand, and North America had a 24% share. In 2009, the share of ethylene glycol consumption in Asia was as high as 63%. North America became the second largest demand area for ethylene glycol in the world, accounting for 20% of the market share. In Asia, about 85% of ethylene glycol is used in the production of PET, including polyester fiber and PET resin.
Global demand for ethylene oxide will grow rapidly in the next decade
According to reports, the global ethylene oxide market demand increased at an average rate of 4.4% from 2000 to 2009, and it is expected that the compound annual growth rate will remain at 4.5% from 2009 to 2020. According to GBI research report, global ethylene glycol demand is expected to increase from 18.92 million tons in 2009 to 34.088 million tons in 2020.