Research Nester published a report titled “Alcohol Ethoxylates Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global alcohol ethoxylates market in terms of market segmentation by product type, application, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global alcohol ethoxylates market is projected to grow at a CAGR of ~5% by attaining a noteworthy revenue during the forecast period, i.e., 2022 – 2031. Factors, such as, increasing demand for cleaners in multiple sectors, and rising inclination toward personal care are projected to provide lucrative opportunities for the market to grow rapidly during the forecast period. In 2021, the beauty & personal care industry amounted to approximately USD 20 billion.
Additionally, by application, the global alcohol ethoxylates market is segmented into cleaners, cosmetics, and detergents. Out of these sub-segments, the cosmetic segment is estimated to garner a notable share in the market over the forecast period. The growth of the segment is accounted to the significant utilization of alcohol ethoxylates in the manufacturing of cosmetics and growing standards of beauty across the globe. In modern times, every individual owns a significant number of cosmetics products. Such factors are estimated to propel the growth of the market over the forecast period.
Furthermore, the global alcohol ethoxylates market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Asia Pacific region is projected to grow at a noteworthy pace during the forecast period. The growth of the market in the region is attributed to the multiple developing industries that are textile, laundry cleaning, personal care, and others. As of 2017, the soap and cleaner industry was estimated to grow by approximately 9% in Malaysia.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Growing Beauty & Personal Care Industry to Foster the Growth of the Market
The beauty & personal care industry was valued at about USD 550 billion in 2022.
Cosmetics are used by a large portion of the population in present time. Alcohol ethoxylates are mixed in cosmetics at the early manufacturing stages, owing to their wetting and cleaning agents. Additionally, alcohol ethoxylates also comprises emulsification, and solubilizing agents which are very helpful to make the cosmetics more durable. Therefore, such factors are anticipated to propel the growth of the market.
However, the availability of alternative products in the market is expected to operate as a key restraint to the growth of the global alcohol ethoxylates market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global alcohol ethoxylates market which includes company profiling of Sasol Limited, Huntsman International LLC., BASF SE, Nouryon Chemicals Holding B.V., Clariant AG, Royal Dutch Shell plc, Akzo Nobel N.V., Dow Chemical Company, Arkema S.A., and Evonik Industries AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global alcohol ethoxylates market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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