Global Ethylene Oxide Catalyst Market Size will Reach $692.41 Million in 2023

Global Ethylene Oxide Catalyst Market Overview

According to Global Market Monitor, the global ethylene oxide catalyst market size will reach $692.41 million in 2023 with a CAGR of 4.15% from 2023 to 2028.

As a surfactant, ethylene oxide mainly produces ethylene glycol, ethoxylates, and others through photoelectric and chemical reactions. In the production process, silver acts as a catalyst, helping to combine ethylene and oxygen into a photoelectric reaction. The core of the current technological development is how to further improve the activity and selectivity of the silver catalyst.

The Demand for Ethylene Oxide Catalysts has a Positive Correlation with the Development of the Ethylene Oxide Industry.

The downstream applications of ethylene oxide catalysts mainly are the ethylene oxide industry, which has a positive correlation with the development of the ethylene oxide industry. The ethylene oxide market is in great demand, and the catalyst market can also obtain many profitable opportunities. As an important organic chemical product second only to polyethylene and polyvinyl chloride in the industrial derivatives of ethylene, ethylene oxide is widely used in washing and dyeing, electronics, medicine, pesticides, textiles, papermaking, automobiles, oil extraction, and other industries. Ethylene is directly oxidized under the action of silver catalyst to produce EO in industry. Since the raw material ethylene usually accounts for more than 70% of the production cost and the silver catalyst can help reduce the consumption of ethylene, the catalyst is indispensable in the production of ethylene oxide. The downstream demand for ethylene oxide catalysts is one of the main driving forces for the industry.

The rise of the Internet and e-commerce allows companies to build their websites to promote brand culture and fully introduce product features to facilitate potential customers to understand in advance or review afterward. In addition, in the past, due to the cost of communication and transportation, the company rarely opened up overseas markets. In the Internet age, companies can quickly contact overseas distributors and actively explore overseas markets.

With the continuous improvement of society’s awareness of environmental protection and the continuous strengthening of national work, more stringent environmental protection standards may be issued in the future, and higher requirements may be put forward for chemical companies, requiring the company to further increase environmental protection investment and operating costs, which may have a certain impact on the company's profit level. In addition, if the company's sewage treatment fails to meet the standards, and waste gas leakage causes pollution accidents, the company will face administrative penalties and the risk of suspension of production for rectification, which will adversely affect its performance.

Drivers	Continuous innovation of technology and products
	Emerging and growing market
	Strong downstream demand
	The development of the Internet increases communication and trade frequency.
Restraints	The negative impact of ethylene oxide on the human body and the environment will affect its long-term development.
	Environmental protection risks
	Increasing trade uncertainty