Exploring the Global Alkoxylates Market: A Comprehensive Overview

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.

Market Overview -
Alkoxylates are chemicals that are produced by alkoxylation by the addition of butylene oxide, propylene oxide, and ethylene oxide to fatty hydrophobes. They are mainly used for the industrial cleaning sector.

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Surging Oil And Gas Demand Drives Growth In Alkoxylates Market
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.

Competitive Landscape -
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

Oxiteno Oxitive 8000 Revolutionizing Alkoxylates Market With Advanced Dispersant For Enhanced Pigment Performance
Product innovations are a key trend gaining popularity in the alkoxylates market. Major companies operating in the alkoxylates market are focused on developing new and innovative solutions to strengthen their market position. For instance, in June 2022, Oxiteno, a US-based producer of surfactants and specialty chemicals launched a new dispersant agent OXITIVE 8000. The new agent reduces the viscosity, maximizing the pigment load and tinting strength. It is compatible with waterborne and alkyd solvent-borne decorative systems. They present a lower impact on final coating properties for pigment concentrates prepared with OXITIVE 8000.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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