Ethoxylates Market Growth Trends & Scope, Product Estimates & Strategy Framework

Posted by Rishab Gupta on January 3rd, 2020

Key Players Analysis

BASF SE, Royal Dutch Shell plc, The DowDuPont Inc. Huntsman International LLC, AkzoNobel N.V., Solvay SA, Evonik Industries AG, Mitsui Chemicals, Inc., SABIC, Sasol Ltd, Ineos Group Ltd., Arkema SA.

Market Highlights

As per the MRFR analysis, the global ethoxylates market is exhibiting a significant growth, and is anticipated to retain its demand growth over the forecast period to reach USD 13,903.3 million by 2023 end. The market growth is attributed to increasing demand from the end-use in surfactant, pharmaceutical, and personal care industries.

House hold and personal care industry is the prominent end-use industry accounting for major share in the overall ethoxylates consumption. In addition to this, the global market is driven by the increasing penetration of alcohol ethoxylates. Owing to such factors, Ethoxylates Market Price is anticipated to witness a significant CAGR of 3.76% over the forecast period.

Segment Analysis

The global ethoxylates market is segmented on the basis of the type, application, carbon chain, and region. Growing use of surfactants is the most prominent factor driving global ethoxylates demand across the globe. Household & personal care application was the most dominating application accounting for more than one third of the overall consumption in 2016. Ethoxylates are used in numerous applications within household & personal care application. Such applications include laundry detergents, dishwashing detergents, and fabric softeners. Laundry detergents are the foremost application within household and personal care.

Growing use of laundry detergents is in Asia Pacific is boosting the household & personal care demand. Consequently, household & personal care is the fastest growing segment, growing with a CAGR of 4.7% over the forecast period. Industrial and institutional cleaning is the second largest segment and anticipated to witness significant growth of 4.3% over the forecast period. Moreover, agrochemical and pharmaceutical segments were estimated to cumulatively account 25.7% of the overall consumption in 2016.

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Segments

Ethoxylates is commonly traded as an aqueous solution, typically concentrated to 50%, but many other concentrations are commercially available depending on the applications of the compound.

The chain length of carbons has influences the performance characteristics of the ethoxylates. Based on chain type, ethoxylates are segmented as, C12-C14, C12-C15, C13, C11, and C16-C18. Among these carbon chain types, medium carbon chain ethoxylates which are C12-C14 and C12-C15 accounted for major share in overall consumption in 2016

Based on type, ethoxylates are segmented as alcohol ethoxylates, fatty amine ethoxylates, fatty acid ethoxylates, methyl ester, ethyl ester, glyceride, and polyethylene glycol. Among the types, alcohol ethoxylates accounted for dominating share of 41.6% in overall ethoxylates market in 2016.

Regions

Geographically, Asia Pacific dominated the global ethoxylates market, accounting for more than one third of the value share of the global ethoxylates market. The regional market trends substantiating the growth of ethoxylates market includes the growing production and consumption of laundry detergents in emerging China and India markets.

Furthermore, the rapid industrialization in the region, high penetration of alcohol ethoxylates manufacturers in the region, availability of raw material, and proximity to market is estimated have positive impact on overall ethoxylates market in the region. The other emerging markets such as Latin America and the Middle East & Africa seems to follow a similar market trend as Asia Pacific and offers lucrative opportunities for manufacturers of ethoxylates in these regions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.