Global Ethoxylates Market size to exceed $14 billion by 2026
Published Date: May 25, 2020 Authors: Kunal Ahuja, Amit Rawat
According to a new research report by Global Market Insights, Inc., the Global Ethoxylates Market size is estimated to surpass USD 14 Billion by 2026. Strong outlook for the global surfactant industry is projected to fuel the ethoxylates demand over the projected timeframe.
Ethoxylates are obtained through reaction between ethylene oxide and a substrate. Wide application scope of ethoxylates particularly in home & personal care, pharmaceuticals, and oil & gas industry is driving the ethoxylates market expansion. The product is utilized as wetting agent, degreaser, detergent, and emulsifier in these industries. Ethoxylates are also found in laundry & dishwashing detergents, and industrial & institutional cleaning products.
The global surfactants business is nearly USD 33 Billion by 2019 and is projected at over 4% CAGR up to 2026. Factors such as cost-effectiveness, a range of obtainable hydrophilic–lipophilic balance, and ease in availability are driving the business expansion. Stringent environmental regulations pertaining to use of ethylene oxide & derivatives in various applications may restrain the ethoxylates market share.
Alcohol, fatty amine, and fatty acid based ethoxylates are the majorly used products in the overall industry. Alcohol ethoxylates tend to have lower foam stability, which is generally an advantage in industrial surfactants. Alcohol ethoxylates (FAEs) are considered an effective replacement of nonylphenol ethoxylates (NPEs), thus supporting its adoption in numerous applications. The product is an effective detergent and wetting agent.
Browse key industry insights spread across 300 pages with 165 market data tables & 9 figures & charts from the report, “Ethoxylates Market 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) Industry Analysis Report, Country Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Large application base of fatty amine ethoxylates will drive the segment share
Fatty amine ethoxylates revenue size is forecast to grow at over 3.5% annually from 2020 to 2026. This category of ethoxylates are non-ionic surfactants and applied in diverse functional aspects such wetting & dispersing agents, stabilizers, defoaming agents, and sanitizers in industries such as oil & gas, textile, agrochemical, paper, among others. The product is also used as an emulsifier in cleaning products, and laundry & detergents. Commonly used products include stearyl amines oleyl amines, coco amines, and tallow amines.
Rise in crude oil production will generate new growth prospects for ethoxylates manufacturers
The oil & gas applications are projected to have a considerable growth over the projected timeframe. Increasing crude oil production has enhanced the demand for drilling fluids, thereby driving the ethoxylates market growth. Development of environment friendly products for the end-use industry will support the ethoxylates business. Ethoxylates are majorly used as wetting agents, foam control, lubricants, and emulsifiers in the oil & gas industry.
“As per the analysis, oil & gas segment is forecasted to grow at over 4% by 2026”
Rapid expansion in crude oil production has fueled North America ethoxylates market
North America observes the second largest demand for ethoxylates after Asia Pacific and expected to surpass USD 4 billion by 2026. The regional crude oil production has significantly increased owing to the shale revolution. North America has shifted from a net crude importer to a major crude oil exporter over the past few years. Moreover, presence of large scale ethoxylate manufacturers along with increase in raw material production capacity is supporting the industry advancement. Over 25% of the regional ethylene oxide demand comes from ethoxylates.
The global market is competitive owing to presence of large-scale multinational corporations along with considerable share of regional manufacturers. Key players in the ethoxylates industry include Oxiteno, Sasol Olefins & Surfactants, BASF SE, Ineos Group, Shell Chemicals, Clariant, India Glycols, The Dow Chemical Company, and Huntsman International. Prominent strategies observed among the industry participants include new product development, strategic acquisitions, and geographic expansion to gain competitive advantage.