World Analysis – Ethylene Oxide & Monoethylene Glycol

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Ethylene oxide (EO) is a large-volume chemical primarily produced by the catalytic oxidation of ethylene. Ethylene oxide is a chemical intermediate that cannot be used as such and is further reacted to produce a wide spectrum of products. Monoethylene glycol (MEG) is the single-largest outlet for EO. MEG is widely used for the further production of polyester resins and fibers, and its demand has grown at a sustained rate over the last decade, prompting the need for more EO globally. Other dominant EO end uses include higher-value derivatives such as ethoxylates, ethanolamines, glycol ethers, and polyether polyols. Overall, demand for EO is broadly tied to the general economy and has been increasingly linked to emerging countries, where the improvement in living standards is driving an increasing usage of a wide range of polymers and chemicals that are consumed to produce packaging, films, textile fibers, soaps and detergents, and others.

MEG has traditionally been produced from EO, but new technologies have arisen over the last 10 years (coal-to-MEG, bio-based routes). Nearly all conventional MEG producers also operate an EO facility for upstream integration. The most competitive ethylene oxide/glycol producers are also back-integrated into ethylene production. Over the last decade, new MEG capacities have started up in cost-advantaged regions (Middle East, North America) or where demand has been rapidly increasing (Northeast Asia). In the Middle East and North America, the abundance of competitively priced ethane had provided a significant cost advantage for regional ethylene and ethylene derivative manufacturers, creating the foundation for the most cost-competitive MEG production in the world. In Northeast Asia—particularly in mainland China—the development of the textile industry, as well as the growing dominance of polyester fibers within the textile fibers mix, has driven the construction of large-scale MEG plants.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – Ethylene Oxide & Monoethylene Glycol provides comprehensive analysis and key insights about critical market developments as they shape the future outlook of the global ethylene oxide (EO) and monoethylene glycol (MEG) markets.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of critical challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost, and margin base assumptions forecast and sensitivities analysis, including price assessment methodology and price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

In addition to EO and MEG, capacity and textual analysis is provided for the following products:

  • Ethanolamines
  • Glycol ethers (E-series)

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Ethylene Oxide, Monoethylene Glycol


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Ethylene Oxide, Monoethylene Glycol, Diethylene Glycol, Ethanolamines, Ethoxylates, Glycol Ethers (E-Series), Ethylene Oxide, Monoethylene Glycol


Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the critical regions of North America (US), Europe & Asia
Chemical Coverage: Ethylene Oxide, Monoethylene Glycol


Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Ethylene Oxide, Monoethylene Glycol, Ethanolamines, Glycol Ethers, Polyethylene Terephthalate


  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Strategic insights 11
  • Enforcement of mainland China’s strict COVID-19 policy lowers demand for ethylene oxide derivatives, mainly monoethylene glycol 11
  • Ethylene oxide and monoethylene glycol cost competitiveness 12
  • Large mainland Chinese capacity additions extend the global paraxylene market downcycle 12
  • Integration in the polyester chain increasingly critical to long-term competitiveness 13
  • Sustainability and recycling in the polyester chain 14
  • North America 15
  • South America 20
  • West Europe 24
  • Central Europe 28
  • CIS & Baltic States 31
  • Africa 34
  • Middle East 37
  • Indian Subcontinent 40
  • Mainland China 44
  • Other Northeast Asia 49
  • Southeast Asia 54
  • Production Process Overview 58
  • Ethylene oxide 58
  • Monoethylene glycol 59
  • Biomass to EO and/or EG 60
  • Glycerin/corn starch to MEG 61
  • Coal to MEG 62
  • Production Process Economics 65
  • Explanatory Notes 65
  • United States 67
  • West Europe 68
  • Northeast Asia 69
  • China (Mainland) 70
  • Middle East 71
  • Derivative Market Overview 72
  • Ethanolamines 72
  • Process description and end uses 72
  • Market overview 73
  • Glycol Ethers 77
  • Process description and end uses 77
  • Market overview 78
  • Polyethylene Terephthalate 81
  • Process description 81
  • Polyethylene terephthalate 82
  • Price Forecast 83
  • Methodology 83
  • North America 85
  • Monoethylene glycol 85
  • Ethylene oxide 86
  • West Europe 87
  • Monoethylene glycol 87
  • Ethylene oxide 89
  • Northeast Asia 90
  • Monoethylene Glycol 90
  • Ethylene oxide 91
  • Price Forecast Tables 93
  • Supply/Demand forecast methodology 95

Market Coverage



Film & Sheet


Alan Lu

Alan Lu Executive Director, China Aromatics & Fibers Chemical Market Analytics by OPIS

Alan Lu is an Executive Director for Aromatics & Fibers at Chemical Market Analytics. Mr. Lu joined Chemical Market Analytics through the legacy IHS Markit Base Chemical team in 2001, and he currently leads the China aromatics team with primary research coverage on EO/EG, BTX, and SM value chains. In 2012, Mr. Lu was a Director with the Chemicals Consulting Group based in Shanghai. Before joining Chemicals Consulting, he was involved in aromatics and fibers research in Asia, primarily responsible for PET Bottle Resin for Asia, Polyester Fiber, PTA, MEG, Phenol, and Acetone for China. Mr. Lu holds a Master's degree in business administration from the Shanghai University of Finance and Economics and a Bachelor's degree from Shanghai International Studies University.  
Prem Chitkara

Prem Chitkara Executive Director, Polyester Fibers, Glycols & EO Derivatives Chemical Market Analytics by OPIS

Prem is the Executive Director of Polyester Fibers, Glycols & EO Derivatives for the European, Middle-East, and African markets. Prem Chitkara is the executive director for polyester fibers, glycols & EO derivatives in Europe, the Middle East and Africa (EMEA region) at Chemical Market Analytics. With over 30 years of experience, Prem is a key resource within the business for understanding and insight into polyester fibers, glycols and ethylene oxide (EO) derivatives. He works closely within the EMEA region with various stakeholders, including manufacturers & buyers, convertors, end consumers and financial industries, bringing support and guidance through the polyester and EO chains. His current area of focus includes oversight of the ‘Global Polyester Fibers and Feedstocks’ reports as well as primary input and insight for the ‘Market Advisory - Global Ethylene Oxide, Glycols and EO Derivatives,’ ‘World Analysis- Polyesters’ and ‘World Analysis- Ethylene Oxide and Monoethylene Glycol (MEG).’ Prem has rich and diverse industry experience globally in manufacturing, technical, expansion projects, sales & marketing, and business development, supporting him in his current role. Before joining the consulting business in 2017, Prem worked with Reliance Industries Limited for 23 years at different locations in India and Germany, where he was responsible for developing Reliance’s Polyester business in the EMEA region. He holds a degree in Textile Engineering and earned an MBA. He has completed an Executive Management Development program at the Indian Institute of Management, Bangalore, India, and a Business Sustainability Management program at Cambridge University in the UK.
Roberto Ribeiro

Roberto Ribeiro Executive Director, Global Ethylene Oxide | Ethylene Glycol Chemical Market Analytics by OPIS

Roberto Ribeiro is the Executive Director for EO & Derivatives in the Americas at Chemical Market Analytics. Roberto Ribeiro is a seasoned chemical and petrochemical expert with over 30 years of experience. He is the Global Executive Director for EOD (ethylene oxide derivatives) and PET at Chemical Market Analytics. In this role, he is responsible for the research and analysis of a wide range of products, including PET, PTA, PX, ethylene glycols (MEG, DEG, TEG), high-purity ethylene oxide, and its derivatives such as ethoxylates, glycol ethers (E-series), ethanolamines (MEA, DEA, TEA), and polyethylene glycols (PEGs). Roberto works closely with the chemical and petrochemical sectors and other markets, such as plastic converters, brand owners, oil and gas, and financial industries, providing support and guidance throughout various business chains. His current focus areas include overseeing the Market Advisory Services' 'Global PET Stream Report' and 'Global Ethylene Oxide, Glycol, & Derivatives Report,' as well as providing primary input and insights for the World Analysis Services' 'World Analysis – Paraxylene,' 'World Analysis – Polyester,' 'World Analysis – PTA/DMT,' and 'World Analysis - Ethylene Oxide and Monoethylene Glycol.' He joined Chemical Market Analytics in April 2021, having previously served as President of Townsend Solutions, a strategic consulting firm in the petrochemical industry. Before his tenure at Townsend Solutions, Roberto held various leadership roles in strategic planning, business development, M&A, and sales and marketing at petrochemical manufacturing companies, many of which are now part of Braskem and LyondellBasell. Roberto's career began at Eastman Kodak and then Polibrasil Resinas, S.A., where he progressed from Marketing Intern to Head of Marketing in just five years, developing a deep customer empathy and talent for conducting in-depth market analyses. Roberto holds a bachelor's degree in Accounting and Finance and Business Administration from São Paulo University (Brazil). Additionally, he holds a master's degree in Oil & Gas from Universidad Austral (Argentina). He has participated in various professional development courses with Harvard Business School, New York University's Stern School of Business, and the Massachusetts Institute of Technology (MIT). He has been a speaker at numerous industry conferences across Europe, Asia, the Middle East, and North and South America.

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