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Ethoxylates Market size to exceed $19 Bn by 2032
- Published Date: November 15, 2022
Ethoxylates Market size is projected to surpass USD 19 billion by 2032, according to the latest report published by Global Market Insights Inc.
Growing demand for high-quality cleansing products, emulsifiers, and rust inhibitors from the oil & gas sector has fostered the utilization of ethoxylates. These chemicals are also used extensively in upstream oil & gas processes such as crude oil extraction and demulsification. Surging demand for crude oil along with the increasing number of oil & gas projects worldwide will thus promote the usage of ethoxylates for drill ships and oil rigs.
Toxicity concerns associated with some ethoxylates and their subsequent impact on environmental health are encouraging manufacturers to focus on the development of more sustainable products, using substitutes such as alcohol ethoxylates. These substances belong to a class of non-ionic biosurfactants that can be produced and consumed across the globe. Furthermore, the increasingly stringent regulations being imposed on the use of toxic components in various countries will promote the development of eco-friendly alternatives such as alcohol ethoxylates.
Robust applicability in industrial processes will boost demand for fatty amine ethoxylates
Ethoxylates market share from the fatty amine product segment is anticipated to register more than 3.5% CAGR between 2023 to 2032. Fatty amine ethoxylates are non-ionic surfactants that are used as dispersing and wetting agents, sanitizers, stabilizers, and defoaming agents across industries such as paper, textile, drilling, paint, chemical, etc. These compounds play a crucial role as emulsifiers in agrochemical industries, petroleum additives, and leather and textile processing applications. The strong potential of ethoxylates across diverse industrial verticals will therefore fuel product consumption.
Browse key industry insights spread across 350 pages with 158 market data tables & 66 figures & charts from the report, “Ethoxylates Market Size By Product (Alcohol [Natural Alcohol Ethoxylates, Synthetic Alcohol Ethoxylates], Fatty Amine, Fatty Acid, Methyl Ester, Glyceride), By Application (Household & Personal Care [Laundry & Dishwashing Detergent, Industrial & Institutional Cleaning, Personal Care], Agrochemicals [Herbicides, Fungicides, Insecticides], Oil & Gas [Foam Control & Wetting Agents, Lubricants & Emulsifiers], Pharmaceuticals) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Growing use of cosmetics to increase adoption of ethoxylates in personal care applications
Ethoxylates market from the household & personal care applications segment is expected to surpass USD 12.5 billion by 2032. Ethoxylates are commonly used in ointments, creams, bases for lotions, and moisturizing soap bars. The growing interest in personal wellness has increased the demand for cosmetic products. Furthermore, alcohol ethoxylates are used in household cleaners, detergents, and textiles. Thus, the rising usage of cosmetic products in addition to the extensive use of ethoxylates in industrial cleaning products will augment market dynamics.
Shift in consumer preference for organic products to drive product consumption in Europe
Europe ethoxylates market is expected to surpass USD 4.5 billion by 2032. The growing interest of the European population in using fewer chemical products has increased the demand for organic products. Furthermore, growing concerns about environmental health are encouraging the adoption of more sustainable lifestyles in the region. Consumers are also shifting towards healthier products and becoming more hygiene conscious. This is likely to increase the production of chemicals such as ethoxylates, for use as demulsifiers, surfactants, and other ingredients in various household products.
Strategic product launches by key players to define industry landscape
The major stakeholders involved in the ethoxylates market include Dow Chemical Company, BASF, Royal Dutch Shell PLC, Petroliam Nasional Berhad (PETRONAS), Ecogreen Oleochemicals, PT Polychem Indonesia Tbk, Stepan Company, Clariant, Sasol Limited, India Glycols Ltd., Ineos Group Ltd., Solvay, Oxiteno, Galaxy Surfactants, Nouryon, SABIC, Evonik, Mitsui Chemicals Inc., PCC Exol, Arkema Group, and Aquaquim SA de CV., among others. These companies are focusing on launching innovative products, among other strategies, to expand their portfolio and strengthen their market position.