Alkoxylates are the chemicals produced by adding alkoxides such as ethylene oxide, propylene oxide, and butylene oxide to fatty hydrophobes, including alcohols, phenols, and amines via the alkoxylation process. Its numerous kinds, like fatty alcohol alkoxylates, fatty acid alkoxylates, & fatty amine alkoxylates, are used widely as emulsifying agents, detergents, stabilizers, wetting agents, & cleaning agents. Such alkoxylates are biodegradable & hence are environment-friendly in nature.
The Global Alkoxylates Market is projected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. The market is swiftly driven by the growing consumer awareness of sanitation & hygiene, especially after the pandemic, propelling the demand for Alkoxylates for their cleaning properties. In addition, the broad industrial adoption of alkoxylates in hair care products like shampoos & conditioners due to their incredible benefits in aiding in foaming, removing oil & dirt, and stimulating a clean skin feeling further adds to the peaking demand.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: The US, Canada, Mexico|
|South America: Brazil, Argentina, Rest of South America|
|Europe: Germany, The UK, France, Russia, Spain, Rest of Europe|
|Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific|
|Middle East & Africa: Saudi Arabia, The UAE, Egypt, Turkey, Israel, Rest of The Middle East & Africa|
|Key Companies Profiled||Croda International PLC, BASF SE, Lamberti S.p.A., The Dow Chemical Company, ChemPoint.com Inc., Evonik Industries, Eastman Chemical Company, Clariant AG, LyondellBasell Industries Holdings B.V., Sasol Limited., Solvay S.A., Akzo Nobel N.V., Stepan Company, KLK OLEO., HUNTSMAN INTERNATIONAL LLC, Others,|
|Unit Denominations||USD Million/Billion|
Ethoxylates have already witnessed a steady adoption in the textile sector for dyeing, scouring, and lubricating in the last few years. Further, the mounting demand for ethoxylate-based ointments in the pharmaceutical industry observes a positive influence on the market during the projected time frame.
Moreover, the rising proliferation of surfactants incites the steady adoption of alcohol ethoxylates, as these are the primary agent used in producing industrial non-ionic surfactants. Since Surfactants are broadly used as an emulsifier, detergents, cleaning agents, and wetting agents in industrial processes, the need for more alkoxylates are exploding in the market.
In addition, the growing inclination of manufacturers in formulations of laundry detergents, owing to their fast biodegradation, enhanced synthetic textiles cleaning, and better water hardness tolerance further enthralls the market through the forecast years.
Furthermore, numerous applications of these chemicals in the form of leveling agents, dyeing assists, solubilizes, coupling agents, and fiber lubricants are also augmenting the demand for alkoxylates in diverse industrial needs, and in turn, accelerating the overall market growth through 2028.