Narrow-range Ethoxylate Market to be Dominated by Industrial Segment Through 2028
Growing demand from industries
and homes for cleaning purposes and rising awareness about product hygiene are
factors to drive the demand for the global narrow-range Ethoxylate market in
the forecast period 2024-2028.
According to TechSci Research report, “Global Narrow-Range Ethoxylate Market- By
Region, Competition Forecast and Opportunities, 2018-2028”, Global Narrow-Range Ethoxylate Market is projected
to grow at an impressive rate in the forecast period, 2024-2028. Growing
awareness about personal & public hygiene and health, narrow range
ethoxylates are frequently employed in residential, commercial, and industrial
applications for purposes. According to the World Health Organization
reports, in 2020, 78% of the world's population lived below basic sanitation
facilities. Besides these, 34% are using commercial sanitation facilities are
connected to sewers and further treated.
The strong presence of
substitute products and side effects on worker health impede the demand for a
narrow-range Ethoxylate market. In addition, China is considered the world's
largest consumer and supplier of the non-ionic product. Due to the trade war,
the chemicals industry is facing trade challenges and has an adverse impact on
the surfactant market which is restraining to the market's growth.
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The Global Narrow-Range Ethoxylate Market is segmented based on source and
application.
Based on the source, the
market is divided into natural and synthetic. The natural segment will hold the
largest market share in 2022. Growing consumer sentiment toward sustainable
development led to the rising demand for biodegradable and natural products.
The government has made various policies that are propelling the firms to
switch towards natural products with low VOCs, making the natural segment
dominate the market.
Based on industrial, the
market is divided into engine cleaning, vehicle cleaning, metal degreasing,
laundry, dairy, and others. As per estimates, the metal degreasing segment will
experience the highest market share during the forecast period. Rising number
of industrial units worldwide and their growing demand for metal degreasing
& cleaning the numerous specks of dirt such as soils, stains, and
by-products released during the manufacturing process propelling the demand for
metal degreasing in the segment to enhance the strength of metals and reduce
accidents.
Major companies operating
in global narrow-range Ethoxylate market are:
- Oxiteno SA
Industria e Comercio
- Stepan Co
- ESTI CHEM
A/S
- Dow Chemical
Co
- Venus
Ethoxyethers Pvt. Ltd.
- Esteem
Industries Pvt. Ltd.
- Nouryon
Holding BV.
- Univar Solutions
Inc
- Sasol Ltd
- Evonik
Industries AG
In February 2020, Evonik Industries AG, a German-based company that offers
specialty chemicals, acquired PeroxyChem LLC for 640 million USD. It helped Evonik,
gain access to new expansion possibilities through this acquisition, especially
in the market for eco-friendly and biodegradable disinfectants.
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“Bolstering demand from end-users like
paints and coatings, oil and gas, agrochemicals, home care, personal care, and
polymer pharmaceutical for biodegradable cleaning agents are the key factor
responsible for narrow-range Ethoxylate market growth. Different government
policies and regulations over VOCs and toxic materials, such as National
Volatile Organic Compound Emission Standards for consumer and commercial
products by the US government and other policies in the different nations are
creating a favorable environment for narrow-range Ethoxylate market growth till
2028." said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Narrow-range Ethoxylate
Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028.
Segmented By Source (Natural and synthetic), By Application (Commercial, Residential, and Industrial),
By Commercial (Healthcare, Food Service, Laundry, Institutional Buildings,
Hospitality, and Others), By Residential (Floor, Kitchen, Laundry, Upholstery,
and Others), By Industrial (Engine Cleaning, Vehicle Cleaning, Metal
Degreasing, Laundry, Dairy, and Others), By Region and Competition, has evaluated the future growth
potential of global narrow-range Ethoxylate market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge 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 narrow-range Ethoxylate market.”
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