Global Ethoxylates market trends 2024, Forecast To 2033
4 Mar, 2024
The ethoxylates market size has experienced robust growth in recent years, ascending from$13.63 billion in 2023 to$14.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to demand from diverse industries such as surfactant applications, textile and leather industries, and the agricultural sector. Moreover, industrial applications have contributed significantly to this expansion. Looking ahead, the ethoxylates market is projected to witness strong growth, reaching$17.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Factors driving this growth include raw material availability, utilization in the energy sector, and trade globalization. Additionally, innovation and research development alongside regulatory landscape changes are expected to fuel market expansion. Major trends in the forecast period encompass product innovation, supply chain resilience, household cleaning versatility, environmentally friendly formulations, and increased demand in personal care.
Global Ethoxylates Market Key Driver
An increase in demand from the oil and gas industry is expected to boost the growth of the ethoxylates market going forward. The oil and gas industry are involved in exploration and production of oil and gas. demand for ethoxylates from the oil and gas industry due to their uses in the drilling fluid. For instance, according to the report published by International Energy Agency (IEA), a France-based inter-governmental organization, in 2021, global oil consumption is anticipated to increase by 4.4 mb/d (millions of barrels per day) from 2019 levels to 104.1 mb/d by 2026. Therefore, an increase in demand from the oil & gas Industry is driving the growth of the ethoxylates market. The ethoxylates market witnessed significant growth in 2023, reaching a value of $XX billion, and this upward trend is expected to continue through 2024 and beyond.
Get A Free Sample Of The Global Ethoxylates Market ReportGlobal Ethoxylates Market Segments
The global ethoxylates market covered in this report is segmented –
1) By Product: Alcohol, Fatty Amine, Fatty Acid, Ethyl Ester, Glyceride, Other Products
2) By Application: Household And Personal Care, Institutional And Industrial Cleaning, Pharmaceutical, Agrochemicals, Oilfield Chemicals, Other Applications
3) By End-Use: Detergents, Personal Care, Ointments And Emulsions, Herbicides, Insecticides, Foam Control And Wetting Agents, Lubricants And Emulsifiers, Other End-Uses
By Geography: The regions covered in the ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the ethoxylates market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Ethoxylates Industry Players
BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG, Mitsui Chemicals Inc., Royal Dutch Shell PLC, Stepan Company, The Dow Chemical Company, India Glycols Ltd., Solvay S.A., Arkema S.A., Saudi Basic Industries Corporation (SABIC), PJSC Nizhnekamskneftekhim, Akzo Nobel N.V., Croda International PLC, Procter & Gamble Company, Unilever PLC, Lubri-Graph Corporation, PTT Global Chemical Public Company Limited, Lion Corporation, Galaxy Surfactants Pvt. Ltd., Tianjin Bohai Chemical Industry Group Corporation, Aarti Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Jiahua Chemicals Inc., Kao Corporation, DuPont de Nemours Inc., Taiwan NJC Corporation
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Ethoxylates Market Overview
Ethoxylate is a chemical that is created by adding epoxides/ethylene oxide (EO) in the required molar ratio to substrates such as alcohol, acid, amine, or vegetable oils in a block-by-block or at-random way. Ethoxylates play a significant role in personal care items like toothpaste, shampoo, shower gel, hair conditioner, and cosmetics.
Ethoxylates Global Market Report 2023 provides data on the global ethoxylates market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethoxylates market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.