Press release
Narrow Range Ethoxylate Market Report 2024: Size, Share, Growth, Trends, Forecast 2033
As per the report, 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 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%.
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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.
Technology Advancements Drive Innovation In The Narrow-Range Ethoxylate Market
Technology advancement is a key trend gaining popularity in the narrow-range ethoxylate market. Major key players in the market are focusing on developing new products with innovative technologies to meet industry demands and expand their business reach. For instance, in June 2022, Oxiteno, a US-based surfactant and specialty chemical manufacturer launched OXITIVE 8000 dispersant agent and the reactive surfactant OXIMULSION REACT. Oxiteno collaborates closely with clients to understand their problems and develop solutions and identify opportunities for existing technologies to evolve. The new solutions were developed after extensive research and are intended to address formulators' challenges as well as market needs and trends.
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
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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.
Contents of the report:
1. Executive Summary
2. Narrow Range Ethoxylate Market Report Structure
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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