Global Ethoxylates Market to grow with a CAGR of 3.64% through 2028
Government
initiatives to support the production of ethoxylates are the major drivers for
the Global Ethoxylates s Market.
According to TechSci Research report, “Ethoxylates
Market –Global Industry Size, Share, Trends, Competition, Opportunity and
Forecast, 2018-2028”, the Global Ethoxylates Market
stood at USD 12.86 billion in 2022 and is anticipated to project robust growth
in the forecast period with a CAGR of 3.64% through 2028. This can be ascribed to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
The global ethoxylates market is experiencing
significant growth, primarily attributed to the increasing utilization of
ethoxylates in oilfield chemicals. With their excellent surfactant properties,
ethoxylates prove to be ideal for various applications in the oilfield
industry. Surfactants, known as surface-active agents, effectively modify the
interfacial tension between oil, water, and solid surfaces. In enhanced oil
recovery (EOR) methods like surfactant flooding and alkaline flooding,
ethoxylates play a crucial role in reducing the interfacial tension between oil
and water. This reduction enables better oil mobilization and enhances oil
recovery rates. Moreover, ethoxylates contribute to stabilizing oil-water
emulsions and improving the wettability of reservoir rocks. These properties are
particularly valuable in extracting a higher percentage of oil from mature or
low-permeability reservoirs.
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Ethoxylates Market”
By enabling the extraction of previously
unrecoverable oil, ethoxylates significantly increase production rates and
enhance overall oil recovery efficiency. In addition to their surfactant
properties, ethoxylates can also act as solubilizers. This characteristic
proves valuable in the formulation of oilfield chemicals, as it allows for the
efficient dispersion and delivery of hydrophobic compounds within water-based
solutions. This capability facilitates the incorporation of active ingredients
such as corrosion inhibitors, scale inhibitors, and biocides, thereby enhancing
the performance and effectiveness of oilfield chemical formulations. Government
regulations and policies play a crucial role in shaping the ethoxylates market.
Through the implementation of guidelines regarding the maximum allowable levels
of specific substances or the establishment of standards for product safety and
labeling, governments ensure consumer protection and maintain market integrity.
These regulations drive the demand for ethoxylates that comply with established
norms, encouraging manufacturers to produce high-quality and compliant
products. Furthermore, collaborations in research and development (R&D) are
instrumental in driving technological advancements and product innovation
within the ethoxylates industry. Major industry players, such as Croda and
Clariant, have established segregated production lines for their biobased ethoxylated
surfactants. This collaborative approach allows them to meet the rising demand
for sustainable surfactants while ensuring product integrity and environmental
responsibility. This not only drives innovation but also contributes to the
overall sustainability of the ethoxylates industry.
However, growing competition from bio-based
surfactants and volatility in prices and availability of raw materials are expected
to slow down the growth of the market in the coming years.The Global Ethoxylates
Market segmentation is based on Type, End User, By Company, and Region. Based on Type, Fatty Amine Ethoxylates held the
largest market share in the forecast period. Amine ethoxylates, versatile
compounds, find wide-ranging applications across various industries. They are
extensively used in sectors such as textile, personal care, agrochemical,
industrial cleaners, metal cleaners, homecare, and paints and coatings. These
compounds exhibit exceptional properties such as emulsifying, wetting,
defoaming, stabilizing, and dispersing, making them valuable additives in
numerous formulations. The synthesis of amine ethoxylates involves the reaction
of amines, such as stearyl amines, oleyl amine, tallow amines, amino acids, and
coco amine, with ethylene oxide. Among the fatty amine ethoxylates, coco-amine,
lauryl, and oleyl amines are widely utilized, particularly in the textile and
detergent industries. Notable players in the production of amine ethoxylates
include LEUNA-Tenside GmbH, Oxiteno, Stepan Company, Ethox., BASF SE, and
SILVER FERN CHEMICAL, INC. Their collective efforts contribute to meeting the
demand for these essential compounds in various industrial applications.
Based on End User, pharmaceutical segment held the
largest market share in the forecast period. Ethoxylates, a class of compounds
widely utilized in the pharmaceutical industry, play a crucial role as
emulsifiers in various formulations such as ointments, tablets, syrups, and
gels. The remarkable surge in the prevalence of chronic diseases, largely attributed
to environmental degradation and inadequate attention to health and hygiene,
has fueled the demand for innovative and effective pharmaceutical solutions.
This, in turn, is expected to significantly contribute to the escalating demand
for ethoxylates in the pharmaceutical sector in the foreseeable future.
Furthermore, the mounting preference for generic drugs among developing nations
has led to an increased utilization of ethoxylates in the manufacturing
process. This burgeoning trend not only spurs the consumption of ethoxylates
but also underscores their pivotal role in meeting the growing healthcare needs
of these regions.
Some
of the major companies operating in the Global Ethoxylates s Market include:
- AkzoNobel N.V.
- Arkema SA (CECA)
- BASF SE
- Clariant AG
- Dow Chemical Company
- E.I. du Pont de Nemours and Company
- Evonik Industries AG
- Huntsman International LLC
- India Glycols Limited
- SABIC
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“Certain regions, particularly the Europe, are
projected to exert significant demand for ethoxylates worldwide. The growth in
the competitive landscape and the presence of well-established companies in the
market, committed to enhancing their ethoxylates productivity each year, are
expected to contribute to a remarkable growth of the Global Ethoxylates Market
in the forecast period," said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based Global management consulting firm.
Global
Ethoxylates Market By Type (Alcohol Ethoxylates, Fatty Amine Ethoxylates, Fatty
Acid Ethoxylates, Methyl Ester Ethoxylates, Glyceride Ethoxylates, Others), By
End User (Household & Personal Care, Pharmaceutical, Agrochemicals,
Oilfield Chemicals, Others), By Region, Competition, Forecast and
Opportunities, 2018-2028F has evaluated
the future growth potential of Global Ethoxylates Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Ethoxylates Market.
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