PUBLISHER: The Business Research Company | PRODUCT CODE: 1270571
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270571
“Alkoxylates Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on alkoxylates market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for alkoxylates ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The alkoxylates market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the alkoxylates market are The Dow Chemical Company, BASF SE, Clariant AG, Croda International Plc., Huntsman International LLC, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, KLK OLEO, Lamberti S.p.A, Stepan Company, Jiahua Chemicals Inc., Royal Dutch Shell, Ineos Group Limited, Ethox Chemicals, Kaiser Industries Ltd., and Venus Ethoxyethers Pvt. Ltd.
The global alkoxylates market is expected to grow from $6.87 billion in 2022 to $7.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The alkoxylates market is expected to grow to $8.86 billion in 2027 at a CAGR of 5.1%.
The alkoxylates market consists of sales of fatty alcohol alkoxylates, dodecyl ethoxylation alcohol, ethoxylated alcohol and castor oil polyoxyethylene. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Alkoxylates are chemicals that are produced by alkoxylation by the addition of butylene oxide, propylene oxide, and ethylene oxide to fatty hydrophobes. They are mainly used for the industrial cleaning sector.
Asia-Pacific was the largest region in the alkoxylates market in 2022. The regions covered in the alkoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of alkoxylates are fatty acid, alcohol, fatty amine, glyceride-based, and methyl ether. Fatty acids are hydrocarbon chains that are terminated with carboxylic acid groups. The grade involved are natural ethoxylates and synthetic ethoxylates that are used for cleaning agents, emulsifying agents, detergents, dispersing agents, and wetting agents applications.
The increasing demand for oil & gas is expected to propel the alkoxylates market growth going forward. The oil & gas industry refer to businesses that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. Alkoxylates are used as corrosion inhibitors and co-emulsifier in the oil & gas sector, eventually increase in demand for oil & gas will help in the market growth for alkoxylates. For instance, in August 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the global oil demand is increasing by 5.3 million barrels per day on average to increase to 96.2 million barrels per day in 2021. Further, global gas demand increased by 3.6% in 2021 and is expected to grow at 7% by 2024. Therefore, the increasing demand for oil & gas is driving the growth of the alkoxylates market.
Product innovations are a key trend gaining popularity in the alkoxylates market. Major companies operating in the alkoxylates market are focused on developing new and innovative solutions to strengthen their market position. For instance, in June 2022, Oxiteno, a US-based producer of surfactants and specialty chemicals launched a new dispersant agent OXITIVE 8000. The new agent reduces the viscosity, maximizing the pigment load and tinting strength. It is compatible with waterborne and alkyd solvent-borne decorative systems. They present a lower impact on final coating properties for pigment concentrates prepared with OXITIVE 8000.
In June 2020, ALTIVIA Oxide Chemicals LLC, a US-based specialized producer of a variety of chemical intermediates acquired KMCO and its associated chemical ethoxylation manufacturing assets for an undisclosed amount. Through this acquisition, combined resources will enable the availability of state of an art facility for custom manufacturing and oxidation tolling services in the USA. KMCO is a US-based manufacturer of specialty chemicals, alkoxylates, and toll processing services.
The countries covered in the alkoxylates market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The alkoxylates market research report is one of a series of new reports from The Business Research Company that provides alkoxylates market statistics, including alkoxylates industry global market size, regional shares, competitors with alkoxylates market share, detailed alkoxylates market segments, market trends, and opportunities, and any further data you may need to thrive in the alkoxylates industry. This alkoxylates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.