Press release
Narrow Range Ethoxylate Market 2024: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033
Narrow Range Ethoxylate Market
The Business Research Company offers in-depth market insights through Narrow Range Ethoxylate Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The narrow range ethoxylate market size has grown rapidly in recent years. It will grow from $6.43 billion in 2023 to $7.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to consumer awareness, end-use industries, globalization and trade, price volatility of raw materials, shift towards sustainable practices.
The narrow range ethoxylate market size is expected to see rapid growth in the next few years. It will grow to $10.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to market expansion, consumer preferences, global economic trends, innovation and research, competitive landscape. Major trends in the forecast period include adoption of bio-based raw materials, digitalization and industry 4.0, consumer education and awareness, application diversification, rising R&D investments.
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Market Segmentation:
The narrow range ethoxyate market covered in this report is segmented -
1) By Source: Natural, Synthetic
2) By Application: Household Cleaning, Commercial Cleaning, Industrial Cleaning
3) By End-Use Industry: Paints and Coatings, Oil and Gas, Agrochemicals, Home and Personal Care, Polymer Pharmaceutical, Other End-Users
Major Driver - Elevated Health And Hygiene Awareness Catalyst For Narrow Range Ethoxylate Market Growth
The growing public awareness regarding health and hygiene is driving the growth of the narrow range ethoxylate market. Growing public awareness about health and hygiene has the potential to reduce the spread of intestinal worms, schistosomiasis, and trachoma, as well as tropical diseases that cause millions of people to suffer. Increasing awareness of health and hygiene is expected to boost the consumption of narrow range ethoxylates, as they are widely used in residential, commercial, and industrial settings for cleaning activities. For instance, in October 2023, according to a report published by the World Health Organization, a Switzerland-based intergovernmental organization, 57% of the world's population, equivalent to 4.6 billion individuals, had access to a sanitation service in 2022 that was safely managed. Among them, 33% (2.7 billion people) utilized private sanitation facilities connected to sewers with wastewater treatment, while 21% (1.7 billion people) relied on toilets or latrines where excreta were safely disposed of in situ. Additionally, 88% of the global population, totaling 7.2 billion people, had access to at least a basic sanitation service. Therefore, the growing public awareness regarding health and hygiene is expected to boost the narrow-range ethoxylate market during the forecast period.
Competitive Landscape:
Major companies operating in the narrow range ethoxylate market report are Shell Chemical LP, BASF Corporation, The Procter & Gamble Manufacturing Company, The Dow Chemicals Co, Haier Smart Home Co Ltd., Ineos Group Limited, Sasol Limited, Solvay Specialty Polymers USA LLC, Techtronic Industries Co Ltd., DuPont de Nemours Inc., Arkema S.A., Univar Solutions Inc., Eastman Chemical Company, Skyworth Appliances Co Ltd., TCL Multimedia Technology Holdings Ltd., Konka Appliances Co Ltd., Lion Specialty Chemicals Co Ltd., Stepan Company, Yamaha Corporation, Pioneer Corporation, Shenzhen Strong Electronics Co Ltd., Oxiteno SA, Onkyo Corporation, Denon Inc., Pilot Chemical Company, Ineos Styrolution Group GmbH, Zschimmer & Schwarz GmbH Co KG, EOC Group Ltd., Unger Fabrikker AS, Changhong Appliances Group Co Ltd., TPVision Electronics Co Ltd., MTC Electronics Co Ltd.
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Top Trend - Innovative Multifunctional Hydrotropes Revolutionize The Narrow Range Ethoxylate Market
Major companies operating in the narrow-range ethoxylate market are developing innovative products, such as multifunctional hydrotropes, to meet larger customer bases, increase sales, and increase revenue. Multifunctional hydrotropes are chemical compounds that serve multiple roles in a solution, particularly in formulations where solubilization of insoluble or poorly soluble substances is essential. For instance, in October 2023, Nouryon, a Netherlands-based chemical company, launched Berol Nexxt surfactant. The distinctive feature of Berol Nexxt surfactant lies in its ability to optimize performance and provide a novel cosurfactant solution for the cleaning market. Offered as a high-active (65%), low-color, aqueous solution, Berol Nexxt is easily formulatable into various consumer and industrial cleaning applications. Its exceptional capability to effectively address tough stains in cold water laundry cycles and automatic dishwashing sets it apart, especially in scenarios where lower temperatures and shorter cycle times pose challenges for conventional detergents to adequately degrease residual fats and oils.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Narrow Range Ethoxylate Market Characteristics
3. Narrow Range Ethoxylate Market Trends And Strategies
4. Narrow Range Ethoxylate Market - Macro Economic Scenario
5. Narrow Range Ethoxylate Market Size And Growth
…..
27. Narrow Range Ethoxylate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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