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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.
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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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