What key factors would drive the ethoxylates market growth through 2020-2026? | Dow, BASF, Clariant, Sasol, Solvay, SABIC, Evonik

The ethoxylates market is slated to record noteworthy gains over the forthcoming timeframe owing to wide product application scope across various end-use industries including household & personal care, agrochemicals, oil & gas, and pharmaceuticals among others. The product is widely being used as a emulsifier, degreasing agent, wetting agent, surfactant, stabilizer in these industries, thereby favoring the market growth.
As per a Global Market Insights, Inc., report, ethoxylates market is estimated to surpass a $14 billion valuation by 2026.

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The global ethoxylates market has been characterized by the presence of various manufacturers catering to the local as well as international markets. Citing an instance, in January 2020, Sasol, a renowned integrated chemical and energy company, reportedly announced that its LCCP ethoxylates unit attained beneficial operations. The ethoxylates unit is among the 4th out of the 7 LCC project units to come online. The new ethoxylation unit is a part of the firm’s ethylene oxide value chain and also adds to the capacity to the Sasol’s already produced Performance Chemicals product volumes.

In 2019, alcohol ethoxylates segment dominated the overall market share with projections expecting it to register a respectable CAGR of around 4.5% over the forecast time period. These are largely produced by reacting linear alcohol, lauryl alcohol, or fatty alcohol, and ethylene oxide. Alcohol ethoxylates are also considered as an effectual replacement for non-phenol ethoxylates, which have substantial limitations attributing to its usage in numerous applications. In addition, the product is mainly segmented under synthetically derived and natural products.

In terms of applications, wide scope of ethoxylates, especially in household & personal care products, is anticipated to drive the ethoxylates market expansion. Ethoxylates is mainly used in industrial & institutional cleaning products, personal care products and laundry & dishwashing detergents. Growing demand for low rinse or low foam detergents is likely to propel the product demand graph over the forecast time period. In addition, ethoxylates are effectual, non-ionic surfactants and can be majorly used as degreasers, emulsifiers, wetting agents, and detergents. This likely to boost the segmental growth in the years to come.

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Europe ethoxylates sector is likely to account for more than 20% of the global industry share by the end of the forecast time period. This anticipated growth is ascribed to the extensive widespread ethylene oxide production capacity along with the presence of numerous multinational manufacturers and integrated companies. Immense investments toward new product development accompanied by favorable regulatory setting would further likely support the regional market over the forecast time period. Moreover, increasing consumer spending, mainly on household products due to high disposable incomes, will also drive the market for ethoxylated.

Recently, key market players have been adopting
various competitive strategies, such as mergers and acquisitions, product innovation, new partnerships to increase their industry presence and revenues. Citing an instance, ALTIVA Petrochemicals, a leading producer of acetone, alpha methylstyrene, and phenol in the U.S., reportedly announced the purchase of a chemical ethoxylation plant in Crosby, TX from KMCO, a specialty chemical producer. The facility would be run by an affiliated company named ALTIVIA Oxide Chemicals LLC.

Huntsman International, India Glycols, Shell Chemicals, Sasol Olefins & Surfactants, The Dow Chemical Company, Clariant, Ineos Group, Oxiteno, and BASF SE among many others are some of the ley players operating in the ethoxylates market.

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