Global Ethoxylates Market - Overview
The global market for ethoxylates is slated to score past a volume of 7,431 KT by 2030 at a 3.36% CAGR during the forecast period of 2020 to 2030.
Market Research Future (MRFR) dug deep into various aspects of the market to understand how the market may flow in the coming days. These factors are the rising inclusion of the product in the development of various personal care products, the growing inclusion of alcohol ethoxylates in the development of household items, a surge in intake of the product in the pharmaceutical industry, and others. Value-wise, the market has a chance to surpass 3.36% CAGR during the forecast period. However, the global ethoxylates market may suffer from the toxic nature of the product.
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Global Ethoxylates Market – Prominent Players
BASF SE,Roya Dutch Shell PLC,DowDuPont Inc.,Huntsman International LLC,AkzoNobel N.V.,Evonik Industries AG,Solvay SA,Mitsui Chemicals Inc.,SABIC, Sasol Ltd.,Ineos Group Limited,Arkema SA are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Ethoxylates Market.
Many multinational companies are forging collaboration or launching joint ventures with distributors in order to achieve sustainable growth in the overall market. However, the market growth can experience glitches due to stringent regulation regarding the emission of harmful gases.
The global Ethoxylates Market has been segmented on the basis of application, grade, and lastly, region. The application-based segmentation of this market segments the market into automotive, consumer goods, electrical & electronics, medical and others. Based on grade, the market has been segmented into food, industrial, and medical.
The regional segmentation of the global Ethoxylates Market comprises of continent-based regional markets known as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa (MEA). According to the report, the Asia Pacific is the leading regional market. In the region, the market is growing due to growing demand for the LSR in electrical & electronics and medical applications. Other factors responsible for the growth of the market include the easy availability of raw material, favorable government policies, and a strong distribution network. China and India are the strongest country-based markets in this region because many established players of this region are based in these countries. Being a leading market in the electronic industry and exports such products with impeccable technology innovations, China is witnessing rapid market growth. Other important country based markets in this region are Australia, Japan, and New Zealand followed by the rest of the Asia Pacific region.
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Ethoxylates Market - Segments:
The global Ethoxylates Market Size has been segmented into a starter chain, application, and type. These segments have data that were fetched by expert MRFR analysts to gauge the market flow in a better way. These data are backed by figures, graphs, charts, and other scientific approaches. The process makes the insights credible and helps substantially in the understanding of strategies.
By type, the ethoxylates market has been segmented into fatty acid ethoxylates, alcohol ethoxylates, fatty amine ethoxylates, ethyl ester ethoxylates, glyceride ethoxylates, methyl ester ethoxylates, polyethylene glycol, glyceride ethoxylates, and others. The alcohol ethoxylates are finding substantial growth due to its strong demand in various end user industries.
By application, the global study of the ethoxylates market has been segmented into agrochemicals, pharmaceuticals, oilfield chemicals, household & personal care, and others. The personal care segment is witnessing rapid growth due to the product's use as supporting components in the manufacturing of skin and hair-related products. In household applications, the product is expected to gain support from the detergent industry.
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Ethoxylates Market - Regional Analysis:
In Asia Pacific, the ethoxylates market may surpass a valuation of USD 5,500 million by the end of 2023, with a 4.36% CAGR during the forecast period. This is due to the rising intake of the product in China, Japan, South Korea, India, and others to boost their various industries. In North America and Europe, the market may witness slackening pace due to various safety regulations.
Latest Industry News
The global market is witnessing a steep rise in the permeation of alcohol ethoxylates across several industries. Its demand is high in the manufacturing of detergents, pharmaceutical products, personal care items, and others. After the COVID-19 pandemic, various industries have increased their intake of alcohol-based products to ensure the highest level of hygiene. This has eased the permeation of ethoxylates across these industries. In fact, the demand is so high, at times, companies are failing to supply them properly.
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