Global Ethoxylates Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
Ethoxylate is a chemical that is created by adding epoxides/ethylene oxide (EO) in the required molar ratio to substrates such as alcohol, acid, amine, or vegetable oils in a block-by-block or at-random way. Ethoxylates play a significant role in personal care items like toothpaste, shampoo, shower gel, hair conditioner, and cosmetics.

Sizing and Forecast
The ethoxylates market size has grown strongly in recent years. It will grow from $13.63 billion in 2023 to $14.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%.  The  growth in the historic period can be attributed to demand from diverse industries, surfactant applicationsv, textile and leather industries, agricultural sector demand, industrial applications..

The ethoxylates market size is expected to see strong growth in the next few years. It will grow to $17.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.  The growth in the forecast period can be attributed to raw material availability, energy sector utilization, trade and globalization, innovation and research development, regulatory landscape.. Major trends in the forecast period include product innovation and differentiation, supply chain resilience, versatility in household cleaning, environmentally friendly formulations, rising demand in personal care..

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Segmentation & Regional Insights
The ethoxylates market covered in this report is segmented –

1) By Product: Alcohol, Fatty Amine, Fatty Acid, Ethyl Ester, Glyceride, Other Products
2) By Application: Household And Personal Care, Institutional And Industrial Cleaning, Pharmaceutical, Agrochemicals, Oilfield Chemicals, Other Applications
3) By End-Use: Detergents, Personal Care, Ointments And Emulsions, Herbicides, Insecticides, Foam Control And Wetting Agents, Lubricants And Emulsifiers, Other End-Uses

Asia-Pacific was the largest region in the ethoxylates market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
An increase in demand from the oil and gas industry is expected to boost the growth of the ethoxylates market going forward. The oil and gas industry are involved in exploration and production of oil and gas. Rising demand for ethoxylates from the oil and gas industry due to their uses in the drilling fluid. 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) from 2019 levels to 104.1 mb/d by 2026. Therefore, an increase in demand from the oil & gas Industry is driving the growth of the ethoxylates market.

Key Industry Players
Major companies operating in the ethoxylates market report are BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG, Mitsui Chemicals Inc., Royal Dutch Shell plc, Stepan Company, The Dow Chemical Company, India Glycols Ltd., Solvay S.A., Arkema S.A., Saudi Basic Industries Corporation (SABIC), PJSC Nizhnekamskneftekhim, Akzo Nobel N.V., Croda International plc, Procter & Gamble Company, Unilever plc, Lubri-Graph Corporation, PTT Global Chemical Public Company Limited, Lion Corporation, Galaxy Surfactants Pvt. Ltd., Tianjin Bohai Chemical Industry Group Corporation, Aarti Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Jiahua Chemicals Inc., Kao Corporation, DuPont de Nemours Inc., Taiwan NJC Corporation

The ethoxylates market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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