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Global Ethoxylates Market to Grow at a CAGR of 4% During 2022-2027, Driven by the Rising Consciousness Among Consumers Regarding Hygiene and Sanitation

According to a new report by EMR titled, ‘Global Ethoxylates Market Report and Forecast 2022-2027’, the market attained a value of over USD 13.7 billion in 2021. The industry is further expected to grow at a CAGR of 4% in the forecast period of 2022-2027 to reach a value of more than USD 17.40 billion by 2027.

The ethoxylates industry is being driven by the rising consciousness among individuals regarding hygiene. The growing consumer preference for low foam products is expected to drive the market growth. In addition, the presence of a large number of manufacturers in the ethoxylates industry is leading to the cost reduction of the product. Furthermore, the growing use of alcohol ethoxylates and the heightened applications of ethoxylates  in several downstream industries are expected to bolster the market growth. The heightened use of ethoxylates for the production of ointments and creams is also expected to contribute towards the growth of the industry. Additionally, rising consumer spending on personal care products and the growing demand for industrial and institutional cleaning products are predicted to aid the market growth in the forecast years.

In October 2021, The Dow Chemical Company (NYSE: DOW) launched its new DOWSIL™ CC-2588 conformal coating for harsh environments and greater sustainability.  Due to the growing awareness about cleanliness, the demand for ethoxylates is increasing as they are used in home care products like detergents. In addition, due to the easy availability of these products across online platforms such as Amazon (NASDAQ: AMZN), the demand for ethoxylates is predicted to increase in the forecast period.

Market Analysis by Product, Application, End Use, and Region:

  • The market, on the basis of product, can be divided into alcohol ethoxylates, fatty amine ethoxylates, fatty acid ethoxylates, ethyl ester ethoxylates, and glyceride ethoxylates, among others.
  • Based on application, the industry can be divided into household and personal care, industrial and institutional cleaning, pharmaceutical, agrochemicals, and oilfield chemicals, among others.
  • The end uses of ethoxylates include detergents, personal care products, ointments and emulsions, herbicides, insecticides, foam control and wetting agents, lubricants and emulsifiers, and others.
  • The regional markets for ethoxylates include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing consciousness regarding cleanliness among individuals is driving the market growth for ethoxylates.
  • The growing innovations in the industry and the rising disposable incomes of consumers are leading to the market growth.
  • The heightened demand for ethoxylates across various end use industries has positively impacted the market growth.
  • The growing efforts by the manufacturers to increase their production capacity are expected to aid the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ethoxylates for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, applications, end uses, and regions of ethoxylates.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ethoxylates market are AkzoNobel N.V., BASF SE, The Dow Chemical Company, Clariant International Ltd, Arkema SA, India Glycols Limited, and Mitsui Chemicals, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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