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Alkoxylates Market Size, Key Players, Trend Analysis, Growth And Forecast To 2033
Alkoxylates Market Size
The Business Research Company presents an extensive market research report on the Alkoxylates Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The alkoxylates market size has grown strongly in recent years. It will grow from $7.25 billion in 2023 to $7.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to rising demand from diverse industries, environmental regulations, population growth and urbanization, shift towards green chemistry, changing consumer preferences.
The alkoxylates market size is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to customized formulations, innovation in packaging materials, sustainable development goals (sdgs), growing demand in healthcare sector, increasing use of alkoxylates in agrochemicals. Major trends in the forecast period include e-commerce influence, adoption of renewable resources, consumer shift to eco-friendly products, stricter environmental standards impact, water treatment applications growth.
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Key Market Players:
Major companies operating in the alkoxylates market report are The Dow Chemical Company, BASF SE, Clariant AG, Croda International Plc., Huntsman International LLC, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, Kuala Lumpur Kepong Berhad OLEO, Lamberti S.p.A., Stepan Company, Jiahua Chemicals Inc., Royal Dutch Shell plc, Ineos Group Limited, Ethox Chemicals, Kaiser Industries Ltd., Venus Ethoxyethers Pvt. Ltd., IMCD Group, Indorama Ventures Public Company Limited, Poludniowy Koncern Chemiczny Group, Schärer & Schläpfer AG, Sasol Ltd., Nouryon, Novozymes A/S, Oxiteno, India Glycols Ltd., Chemtura Corporation, Setre Chemical Company, Nippon Shokubai Co. Ltd., Kao Corporation
Market Drivers:
The increasing demand for oil and gas is expected to propel the alkoxylates market growth going forward. The oil and gas industry refer to businesses that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. Alkoxylates are used as corrosion inhibitors and co-emulsifier in the oil and gas sector, eventually increase in demand for oil and gas will help in the market growth for alkoxylates. For instance, in August 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the global oil demand is increasing by 5.3 million barrels per day on average to increase to 96.2 million barrels per day in 2021. Further, global gas demand increased by 3.6% in 2021 and is expected to grow at 7% by 2024. Therefore, the increasing demand for oil and gas is driving the growth of the alkoxylates market.
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https://www.thebusinessresearchcompany.com/report/alkoxylates-global-market-report
The alkoxylates market covered in this report is segmented -
1) By Type: Fatty Acid, Alcohol, Fatty Amine, Glyceride-Based, Methyl Ether
2) By Grade: Natural Ethoxylates, Synthetic Ethoxylates
3) By Application: Cleaning Agents, Emulsifying Agents, Detergents, Dispersing Agents, Wetting Agents
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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