Ethoxylates Market size to grow from USD 10.10 billion in 2019 to USD 12.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 3.37% during the forecast period.
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 3.6% CAGR during the forecast period. However, the global market may suffer from the toxic nature of the product.
Segmentation:
The 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 size 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 size 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.
Regional Analysis:
In Asia Pacific, the ethoxylates market size 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.
Competitive Landscape:
DowDuPont Inc., BASF SE, Arkema SA, Roya Dutch Shell PLC, AkzoNobel N.V., Huntsman International LLC, Solvay SA, Evonik Industries AG, SABIC, Sasol Ltd., Ineos Group Limited, Mitsui Chemicals, Inc., and others, these are some of the major companies taking part in the progress of the global market. Their strategic moves are also improving their market position. Merger, innovation, spurring the investment for research and development sector, acquisition, tie-ups, innovative branding and marketing strategies, launching of new products, and others are expected to make sure the market stays on its course. MRFR documented several changes that took place in recent years to understand how the market is going to get impacted by trends. On the other hand, these companies have the potential to trigger new trends, which will increase the growth rate of the market.
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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.
