Press release
Ethoxylates Market Outlook 2024: Exclusive Report By The Business Research Company | BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG
Ethoxylates Market Characteristics
The Business Research Company offers in-depth market insights through Ethoxylates 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 ethoxylates market size has grown strongly in recent years. It will grow from $13.63 billion in 2023 to $14.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to demand from diverse industries, surfactant applicationsv, textile and leather industries, agricultural sector demand, industrial applications..
The ethoxylates market size is expected to see strong growth in the next few years. It will grow to $17.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to raw material availability, energy sector utilization, trade and globalization, innovation and research development, regulatory landscape.. Major trends in the forecast period include product innovation and differentiation, supply chain resilience, versatility in household cleaning, environmentally friendly formulations, rising demand in personal care..
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Market Segmentation:
The ethoxylates market covered in this report is segmented -
1) By Product: Alcohol, Fatty Amine, Fatty Acid, Ethyl Ester, Glyceride, Other Products
2) By Application: Household And Personal Care, Institutional And Industrial Cleaning, Pharmaceutical, Agrochemicals, Oilfield Chemicals, Other Applications
3) By End-Use: Detergents, Personal Care, Ointments And Emulsions, Herbicides, Insecticides, Foam Control And Wetting Agents, Lubricants And Emulsifiers, Other End-Uses
Major Driver - The Surge In Ethoxylates Market Driven By Increasing Demand From The Oil And Gas Industry
An increase in demand from the oil and gas industry is expected to boost the growth of the ethoxylates market going forward. The oil and gas industry are involved in exploration and production of oil and gas. Rising demand for ethoxylates from the oil and gas industry due to their uses in the drilling fluid. For instance, according to the report published by International Energy Agency (IEA), a France-based inter-governmental organization, in 2021, global oil consumption is anticipated to increase by 4.4 mb/d (millions of barrels per day) from 2019 levels to 104.1 mb/d by 2026. Therefore, an increase in demand from the oil & gas Industry is driving the growth of the ethoxylates market.
Competitive Landscape:
Major companies operating in the ethoxylates market report are BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG, Mitsui Chemicals Inc., Royal Dutch Shell plc, Stepan Company, The Dow Chemical Company, India Glycols Ltd., Solvay S.A., Arkema S.A., Saudi Basic Industries Corporation (SABIC), PJSC Nizhnekamskneftekhim, Akzo Nobel N.V., Croda International plc, Procter & Gamble Company, Unilever plc, Lubri-Graph Corporation, PTT Global Chemical Public Company Limited, Lion Corporation, Galaxy Surfactants Pvt. Ltd., Tianjin Bohai Chemical Industry Group Corporation, Aarti Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Jiahua Chemicals Inc., Kao Corporation, DuPont de Nemours Inc., Taiwan NJC Corporation
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Top Trend - Ethoxylates Market Surges With Bio-Attributed Products Redefining Green Chemistry
Product innovation has emerged as the key trend gaining popularity in the ethoxylates market. Major companies operating in the ethoxylate market are developing innovative products to strengthen their position in the market. For instance, in July 2022, INEOS OXIDE, a US- based specialty chemicals company, launched Bio-Attributed Ethylene Oxide (EO) which is a based on bio-based sources which do not compete with food production. The new product is 100% renewable on a mass balance basis and delivers a Greenhouse Gas saving of over 100% compared to conventionally produced EO. Bio-Attributed Ethylene Oxide (EO) allows customers to significantly reduce their carbon footprint and offer innovative solutions to serve their ever more demanding markets for sustainable solutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ethoxylates Market Characteristics
3. Ethoxylates Market Trends And Strategies
4. Ethoxylates Market - Macro Economic Scenario
5. Ethoxylates Market Size And Growth
…..
27. Ethoxylates Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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