PUBLISHER: Market Research Future | PRODUCT CODE: 1823749
PUBLISHER: Market Research Future | PRODUCT CODE: 1823749
Global Ethoxylates Market Research Report by Type [Phenoxyethanol & Phenoxypropanol, Lauryl Alcohol Ethoxylate (1-20 Mole), TDA Ethoxylate (3-12 Mole), NP Ethoxylate (Nonyl Phenol Ethoxylate), PEG All Series, Tallow Amine Ethoxylates, Styrenated Phenol Ethoxylates, C-Oil Ethoxylates, CSA Ethoxylates, Polyol (Polyester and Polyether), Styrene BA Binder, Trimelitic Anhydride Ethoxylates, Nonyl Phenol, Polysorbates, Pseudocumene Ethoxylates, Choline Chloride Ethoxylates, Polycarboxylate Ether, Cetyl Alcohol and Stearyl Alcohol Ethoxylates, Others], by Molecular Weight (1-500, 500-1000, 1000-2000, 2000-4000, Above 4000), and by Application (Agrochemicals, Household & Personal Care, Pharmaceuticals, Oilfield Chemicals, Industrial & Institutional Cleaning, Others) Forecast till 2035
Industry Overview
The global ethoxylates market is expected to attain a valuation of USD 23,085.26 million, driven by consistent growth at a 4.69% CAGR during the forecast period. Ethoxylates are a group of surfactants created by adding ethylene oxide to hydrophobic compounds like alcohols or fatty acids. Known for their emulsifying and wetting properties, they play a vital role in cleaning agents, cosmetics, and textile processing.
The global ethoxylates market is witnessing several positive developments, some of which are the need for personal care items like shampoos, cleansers, and lotions. The consumers are choosing ethoxylates for that matter due to their good properties of being an emulsifier and gentleness. Consumer adoption of hygiene and skincare products in Asia-Pacific and Latin America is the main driver. The demand for ingredients derived from nature, like bio-based, as well as the trend of doing so in accordance with the regulatory guidelines, is also helping the market to grow.
Major Company Development
In October 2023, BASF disclosed plans for ramping up production of ethylene oxide as well as derivatives at its Antwerp Verbund site in Belgium. The investment of over half a billion euros ($528 million) will increase the capacity of BASF by 400,000 tons per year. The addition here is, in fact, BASF's resolve to up its supply capacity of alkoxy products, a rather important factor in the home care, industrial solutions, and construction sectors, while reassuring the company's overall growth strategy.
Major players in the global ethoxylates market are BASF SE, Dow, Evonik Industries, Shell, Covestro AG, Solvay, Clariant, Sasol, Stepan Company, Huntsman International LLC, and Nouryon.
Report Attribute Details
Industry Segmentations
In North America, the opportunities in the ethoxylates market are coming from increasing demand for the products from the personal care, household cleaning, and pharmaceutical sectors, and the necessity to adopt better surfactants due to regulatory pressures. North America's market reached notable levels in 2024, with the U.S. dominating at USD 2,738.39 million and Canada adding USD 498.16 million.
Europe's ethoxylates market derives strength from its sustainability drive and strict regulatory adherence. The Eastern European ethoxylates market, though smaller, is modernizing through urbanization and growing consumer spending on premium cleaning and personal care products. Europe maintained a diverse presence, led by Germany's USD 726.83 million, alongside France and the UK at USD 599.24 million and USD 540.98 million.
The Asia-Pacific region is the major growth factor for the ethoxylates market, which is backed up by increasing populations and industrialization. The agriculture and industrial sectors of Southeast Asia are leading the way to a regular demand for surfactants, with the sustainability measures being the source of the greening of surfactant production. Asia-Pacific reflected robust expansion, with China driving the market at USD 2,129.47 million, while India and Japan posted USD 1,014.20 million and USD 611.75 million.
In the Middle East, oil and gas continue to be the backbone of ethoxylates consumption, with the GCC region investing in downstream petrochemical industries. Africa, on the other hand, relies heavily on ethoxylates in its expanding agrochemical market, particularly in South Africa and Nigeria. Rising urban populations in North Africa have also fueled personal care and cleaning product demand.
The South American ethoxylates market is largely anchored by agriculture, with Brazil and Argentina at the forefront due to their extensive use of agrochemicals. Brazil's large consumer market also drives personal care and household cleaning demand, where ethoxylates are integral to product formulations. Oil and gas activity in Brazil further adds to the region's consumption.
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