PUBLISHER: ChemAnalyst | PRODUCT CODE: 1004525
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1004525
Global Alkoxylates demand stood at 12.35 Million Tonnes in 2020 and is forecast to reach 18.078 Million Tonnes by 2030, growing at a healthy CAGR of 4.25% until 2030. Alkoxylates are chemicals that are produced via the alkoxylation process. In the alkoxylation process compounds such as alcohols, phenols, and amines, etc. react with alkoxides to form alkoxylates. Alkoxylates are of various types depending upon the chemical undergoing the alkoxylation process. They are alcohol alkoxylates, fatty acid alkoxylates, fatty amines alkoxylates. Among the different types of alkoxylates, alcohol alkoxylates dominate the global market due to their degradable and environmentally friendly nature. They have application in various areas including cleaning agents, emulsifying agents, detergents, stabilizers, dispersing agents, and wetting agents, etc. Increasing demand for detergents coupled with the growing demand from other application areas is expected to drive the demand for alkoxylates during the forecast period. Moreover, the biodegradable nature of alcohol alkoxylates is another factor influencing demand growth due to increasing awareness and government initiatives regarding environment-friendly materials.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Detergents and cleaners were among the most affected industries during the pandemic. This had an impact on the demand for alkoxylates for the first half of 2020. Therefore, the demand for alkoxylates grew during the coronavirus pandemic from the detergents and cleaners segment due to increased awareness about health and hygiene.
Region-wise, Asia-pacific region holds the major share of global demand for alkoxylates due to the increasing demand of application industries such as detergents and cleaners. Moreover, the increasing demand for environment-friendly biodegradable materials is also an influencing factor supporting demand rise in Asia-Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2030
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Major players for alkoxylates globally include The Dow Chemical Company, Croda International Plc, BASF SE, Clariant, Huntsman International LLC., Ineos Group Limited, Solvay S.A., Royal Dutch Shell, Akzo Nobel N.V., Jiahua Chemicals Inc, Venus Ethoxyethers Pvt. Ltd., Evonik Industries AG, Ethox Chemicals and Kaiser Industries Ltd
To extract data for global alkoxylates market, primary research surveys were conducted with alkoxylates manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global alkoxylates market over the coming years.
ChemAnalyst calculated alkoxylates demand globally by analyzing the historical data and demand forecast which was carried out considering imported alkoxylates, prices, materials used for production of alkoxylates . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as alkoxylates manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global alkoxylates market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, Chemanalyst offers customizations according to a company's specific needs.
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8.5.6.1.1. By Company
8.5.6.1.2. By Location
8.5.6.2.1. By Company
8.5.6.3.1. By Company
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By Region