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.
Based on Type:
Here, Fatty Alcohol Alkoxylates acquire the largest share in the Global Alkoxylates Market in recent years and shall emerge as an area of opportunity for the players in the coming years. This dominance is primarily attributed to the wide adoption of fatty alcohol ethoxylates in dishwashing detergents, personal care products like shampoos, & soaps, the paints industry, etc.
Besides, Fatty Alcohol Ethoxylate being C12-13 synthetic alcohol is manufactured by its reaction with ethylene oxide and due to its hydrophilic nature, they widely opt in the formulation of foaming control agents. Hence, its demand is upscaling rapidly. This popularity is influenced by the production process involved is quite simple & quick paired with easy storage for a longer span.
Moreover, Ethoxylates witnessed a broad adoption in liquid chromatography as mobile phase additives. It is because they exhibit relatively more stability than regular alcohols. Additionally, with remarkable antibacterial and antifungal properties, fatty alcohol ethoxylates act as a household cleaning agent stimulating market growth through the years.
Based on Application:
Here, the Detergents application is anticipated to dominate the Global Alkoxylates Market with the largest share during the forecast period. This dominance attributes to the accelerating adoption of ethoxylates sourced from natural sources in various cleaning products like detergents owing to their mild & non-irritant human skin interaction, promulgating its extensive use.
Besides, backed by the biodegradable nature of these chemicals, making them environment-friendly, detergent manufacturers are procuring a substantial amount of these chemicals to produce detergents and cater to consumer needs without impacting nature. The same aspect is also instigating the players to widen their product portfolio, brand visibility, and consumer base while expanding their production & distribution capacities contributing to the overall market growth through 2027.
Geographically, the Global Alkoxylates Market expands across:
Among all, Europe is anticipated to hold the largest revenue share of the Global Alkoxylates Market during the forecast period. This dominance attributes to the swift expansion of the pharmaceutical industry, propelling the demand for these chemicals, entwined with the widening adoption of Alkoxylates in various home & industrial cleaning & personal care applications, stimulating across Europe.
Besides, as the governments of different countries in the region are encouraging the adoption of environment-friendly products, the utilization of these chemicals is escalating substantially and finding application across diverse industries in Europe, catering to the overall market expansion.
Moreover, the changing lifestyles and increasing environmental consciousness for personal hygiene are also prompting the adoption of personal care products. Furthermore, concerted efforts of countries & private companies to revitalize agrochemicals & medicines are also playing a significant role in boosting the production of alkoxylates like ethoxylates across Europe & stimulating the industry.
Recent Developments in the Global Alkoxylates Market
The explosion in consumer interest in eco-friendly products has up scaled the popularity of biodegradable and natural ethoxylates products, citing its marginal or no volatile organic compounds (VOCs) levels. As they are extracted from vegetable oils & fats and lack hydrocarbons, this helps manufacturers to minimize their waste when processing materials such as ethylene. In addition to this, they exhibit regenerative properties and can be exploited as a renewable starting material. Probably, it is why key players are stressing more about furthering the production capacities of alkoxylates.
Stringent government regulations pertaining to the use and sale of chemicals might hamper the market in the historical period. Further, the hazardous nature of Some alkoxylates makes the manufacturers extremely cautious while carrying out the manufacturing procedure, ultimately creating room for more alternatives and, in turn, restricting the market growth.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Alkoxylates Market is projected to grow at a CAGR of around 5.1% during 2023-28.
A. Growing susceptibility for environment –friendly products, mounting consumer awareness of sanitation & hygiene, and rising proliferation of surfactants is expected to drive the Alkoxylates Market during 2023-28.
A. The leading players in the Alkoxylates Market are 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.
A. ‘Fatty Alcohol Alkoxylates’ segment is anticipated to emerge as an area of remunerative opportunities for the leading players in the Alkoxylates Market during the forecast period.
A. ‘Europe’ is anticipated to dominate the Alkoxylates Market during 2023-28.
A. A rapid surge in sanitation and hygiene awareness is expected to shape the growth of the Alkoxylates Market during 2023-28.
A. Stringent government regulations pertaining to the use and sale of chemicals might hamper the market in the historical period.