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Ethoxylates Market (Covid19 Impact) Analysis 2020-2026 | Key Players like Dow, BASF, Royal Dutch Shell, Clariant, Sasol, Solvay, SABIC, Evonik Industries, Mitsui Chemicals
Ethoxylates Market
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Speaking of the product segment, the ethoxylates market is bifurcated into a fatty amine, alcohol, fatty acid, glyceride, and methyl ester. The fatty acid ethoxylates segment is witnessing a growing demand owing to its use as a cleaning agent, wetting agent, dispersant, and emulsifying softeners. In fact, due to the aforementioned applications, the product finds massive use in the global textile market, which is projected to positively impel the segment share through 2026.
Apart from fatty acids, the methyl ester segment is also slated to record substantial gains through the forthcoming timeframe as methyl esters can effectively work as exceptional detergents and emulsifiers. The product also helps in developing viscosity at low active formulations, which is likely to impel its adoption and considerably propel the overall market size.
Major key players profiled in the ethoxylates market are Dow Chemical Company, BASF SE, Royal Dutch Shell, Huntsman International LLC, Stephan Company, Clariant AG, E.I. du Pont de Nemours and Company, Sasol Limited, India Glycols Limited, Ineos Group Limited, Solvay, Venus Etholyethers, Rimpro India, SABIC, Saibaba Surfactants, Evonik Industries, Mitsui Chemicals.
With reference to the application segment, the market is divided into personal and household care, pharmaceuticals, oil & gas, agrochemicals as well as other segments that include textiles, paints, and leather. The ethoxylates market from the pharmaceutical sector is set to observe the heaviest product adoption rate through the forthcoming timespan. This growth can be ascribed to the extensive use of ethoxylates in the pharmaceutical industry for producing creams, lotions, and ointments.
Geographically, the rapidly growing oil & gas production the Middle East & Africa region is slated to provide a positive growth trajectory to the MEA ethoxylates market share through the analysis period. Ethoxylates are heavily used across the sector as a surfactant, which when coupled with cost the effectiveness of the product, would greatly complement the overall industry outlook in the region over the coming years.
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Further speaking on the similar lines of the regional landscape, Latin America ethoxylates market is set to observe a highly lucrative growth trend over the forthcoming years. Primarily, this projected rise in the adoption of ethoxylates in the region can be attributed to a momentous rise in household detergent demand, which is projected to drive substantial industry profits over the forecast timespan.
In contrast, ethoxylates have also been touted to gain prominence in the Asia Pacific region over the forecast period owing to expanding domestic surfactant industry in the developing economies like Japan, China, and India. What more has been driving the demand for ethoxylates in the region is the prolific rise in the agrochemical and cosmetics industries that has potentially provided opportunities for various manufacturers present in the region.
Browse More News:
https://www.globenewswire.com/news-release/2020/04/15/2016912/0/en/Antimicrobial-Coatings-Market-is-slated-to-surpass-6-3-billion-by-2026-Says-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/metalworking-fluids-market-is-likely-to-reach-16-billion-by-2026-says-global-market-insights-inc-301019958.html
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About Ethoxylates
Ethoxylates are organic compounds that are made by the treatment of alcohol with ethylene oxide (EO) in the presence of catalysts like potassium hydroxide. Ethoxylates are used as intermediates in the production of surface cleaners, detergents, cosmetics, and paints. The textile processing, paints and coatings, agriculture, pulp and paper, and personal care industries are some of the major end-users of ethoxylates.
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