The Global Alkoxylates Market is projected to grow at a CAGR of 5.1% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. Such significant growth attributes to the growing sustainability consciousness emerging in consumers, demonstrating a greater inclination toward using Alkoxylates owing to their eco-friendly nature.
Besides, growing awareness about the importance of sanitation & hygiene is also propelling the demand for these chemicals for their utilization in various cleansers & sanitizers, demonstrating a positive influence on the market. This peaking demand was particularly observed amidst the pandemic to backed by the prevailing demand for sanitizers & cleaners.
In the past few years, ethoxylates, a family of Alkoxylates are also witnessing substantial use in the expanding textile industry throughout the world for applications like scouring, lubricating, & coloring, & driving the market.
Additionally, as alcohol ethoxylates are the vital agent utilized, the increasing profusion of surfactants encourages the gradual use of these compounds. Further, during the anticipated time frame, the market will benefit from the pharmaceutical industry's growing need for ointments made with ethoxylates, further states the research report, “Global Alkoxylates Market Analysis, 2022.”
Fatty Alcohol Alkoxylates to Lead the Segment with the Maximum Demand During the Forecast Period.
Based on Type, the Global Alkoxylates Market for alkoxylates is dominated by fatty alcohol alkoxylates. It is mostly due to the widespread use of fatty alcohol ethoxylates in personal care items such as soap and shampoos as well as the paint industry. Ethoxylates were also widely used as mobile phase additions in liquid chromatography.
This is due to the fact that they are more stable than typical alcohols. Because of its hydrophilic properties, Fatty Alcohol Ethoxylate, is frequently used in the formulation of foaming control agents, which is produced after its reaction with ethylene oxide. Due to the relatively quick and easy production procedure as well as the convenient storage for a longer period, this product is becoming gaining traction these days.
Europe Demonstrates Extensive Adoption of Alkoxylates in Home & Industrial Cleaning Through 2027
On the geographical front, Europe dominated the Global Alkoxylates Market with the largest share and is anticipated to prevail in the same trend during the forecast years.
This dominance attributes to the growing consumer consciousness and inclination toward utilizing sustainable & hygienic products entwined with the stringent regulations by the governments of different countries encouraging the use of eco-friendly products across different end-user verticals.
Besides, the outstanding antimicrobial & antifungal properties of Alkoxylates is demonstrating continuous incorporation of these chemicals across the pharmaceutical industry across different countries in the region, making a positive influence on the market across Europe.
The leading players in the Global Alkoxylates Market are BASF SE, Lamberti S.p.A., The Dow Chemical Company, ChemPoint.com Inc., Eastman Chemical Company, Clariant AG, LyondellBasell Industries, Holdings B.V., Sasol Limited., Solvay S.A., Akzo Nobel N.V., Stepan Company, KLK OLEO., India Glycols Ltd., HUNTSMAN INTERNATIONAL LLC, Evonik Industries, Others
Key Questions Answered in the Research Report