Global Ethylene Oxide Market and Global Ethylene Glycol Market Are Expected to Reach USD 42,632.1 Million and USD 30,814.2 Million Respectively in 2018: Transparency Market Research

Global Ethylene Oxide Market and Global Ethylene Glycol Market Are Expected to Reach USD 42,632.1 Million and USD 30,814.2 Million Respectively in 2018: Transparency Market Research PR Newswire NEW YORK, September 12, 2012 NEW YORK, September 12, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), "Ethylene Oxide Market & Ethylene Glycol Market: Global Industry Analysis, Raw Material and Consumption, Trends, Size, Share and Forecast, 2012 - 2018", the global ethylene oxide market was worth USD 29,019.1 million in 2011 and is expected to reach USD 42,632.1 million in 2018, growing at a CAGR of 5.7% from 2013 to 2018. In the overall global market, Asia Pacific dominates the ethylene oxide market, accounting for over 63% of the total demand in 2011. North America and Western Europe, being mature markets, are expected to grow at a sluggish rate. The Asia Pacific, Central Europe, Middle East and South American markets will drive ethylene oxide demand in the years to come. The global market for ethylene glycol, on the other hand, was estimated to be worth USD 20,434.3 million in 2011 and is expected to reach USD 30,814.2 million by 2018, growing at a CAGR of 6.1% from 2013 to 2018. Monoethylene glycol (MEG) is the most important ethylene glycol which accounts for over 90% of the overall ethylene glycol production. Asia Pacific is the biggest market for ethylene glycol.