The Alcohol Ethoxylates Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Alcohol Ethoxylates Global Market Report 2024, The alcohol ethoxylates market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growing demand in cleaning products, surfactant applications, versatility in formulations, industrial & institutional cleaning, textile processing demand.
The alcohol ethoxylates market size is expected to see strong growth in the next few years. It will grow to $8.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand in cleaning products, diverse surfactant applications, versatile formulations, textile processing growth, agricultural sector demand.. Major trends in the forecast period include health and safety awareness, customization and tailored solutions, cost-effectiveness and performance, preference for biodegradable solutions, global market expansion.
An increase in demand from the oil and gas industry is expected to boost the growth of the alcohol ethoxylates market going forward. Oil and gas refer to the industry that deals with the process of exploration, extraction, refining, transportation, and marketing of petroleum products. Rising demand for alcohol ethoxylates from the oil and gas industry due to the strong stabilizing capabilities of oil-water emulsions is one important factor projected to push the expansion of the global market for alcohol ethoxylates. For instance, according to the report published by International Energy Agency (IEA), a France-based inter-governmental organization, in 2021, global oil consumption is anticipated to increase by 4.4 mb/d (millions of barrels per day) to 104.1 mb/d by 2026. Therefore, an increase in demand from the oil and gas industry is driving the growth of the alcohol ethoxylates market.
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The alcohol ethoxylates market covered in this report is segmented –
1) By Product: Fatty Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Linear Alcohol Ethoxylates, Other Products
2) By Source: Natural, Synthetic
3) By Application: Emulsifier, Dispersing Agent, Wetting Agent, Other Applications
4) By End-Use: Cleaning, Metal Working, Textile Processing, Paper Processing, Agrochemicals, Pharmaceuticals, Other End-users
The development of eco-friendly products is a key trend gaining popularity in the alcohol ethoxylates market. Major players operating in alcohol ethoxylates are concentrating their efforts on creating innovative biodegradable products to sustain their position in the market. For instance, in June 2022, Solvay S.A., a Belgium-based company specializing in the manufacturing of chemicals, polymers, and composites launched Mirasoft SL L60, and Mirasoft SL A60. Both these products are biobased substances produced using a fermentation process from rapeseed oil and sugar to offer biodegradable products. These two glycolipid biosurfactants are designed to reduce carbon footprint and are used in a variety of beauty care products such as creams, face cleansers, shower gels, and shampoos, and have less harmful effects than synthetic beauty products.
The alcohol ethoxylates market report table of contents includes:
1. Executive Summary
2. Alcohol Ethoxylates Market Characteristics
3. Alcohol Ethoxylates Market Trends And Strategies
4. Alcohol Ethoxylates Market – Macro Economic Scenario
5. Global Alcohol Ethoxylates Market Size and Growth
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26. South America Alcohol Ethoxylates Market
27. Brazil Alcohol Ethoxylates Market
28. Middle East Alcohol Ethoxylates Market
29. Africa Alcohol Ethoxylates Market
30. Alcohol Ethoxylates Market Competitive Landscape And Company Profiles
Top Major Players:
- Shell PLC
- Sasol Limited
- Clariant AG
- BASF SE
- Saudi Basic Industries Corporation
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