Press release
Ethoxylates Market Anticipated To Witness Robust Growth, Surpassing $18.7 Billion By 2029
Ethoxylates
What Is the Current Ethoxylates Market Size and Its Estimated Growth Rate?
The market size of ethoxylates have seen a consistent increase in the past few years. The market is projected to rise from $14.22 billion in 2024 to $14.89 billion in 2025, implying a compound annual growth rate (CAGR) of 4.7%. Factors that have contributed to the growth in the historical period include demand from a variety of sectors, applications in surfactants, the textile and leather industries, the agricultural sector, and other industrial applications.
The market size for ethoxylates is anticipated to witness robust growth in the coming years, reaching $18.7 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%. Factors that contribute to this projected growth during the forecast period include the availability of raw materials, use in the energy sector, trends in trade and globalization, advancements in innovation and research development, regulatory landscape. Key trends expected in the forecast period include product innovation and differentiation, resilience in the supply chain, versatility in household cleaning applications, eco-friendly formulations, and increased demand in personal care.
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How Are Emerging Segments Shaping the Ethoxylates Market Landscape?
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
Subsegments:
1) By Alcohol Ethoxylates: Linear Alcohol Ethoxylates, Branched Alcohol Ethoxylates
2) By Fatty Amine Ethoxylates: Primary Fatty Amine Ethoxylates, Secondary Fatty Amine Ethoxylates
3) By Fatty Acid Ethoxylates: Saturated Fatty Acid Ethoxylates, Unsaturated Fatty Acid Ethoxylates
4) By Ethyl Ester Ethoxylates: Ester Ethoxylates From Natural Oils, Synthetic Ethyl Ester Ethoxylates
5) By Glyceride Ethoxylates: Glycerol Monoesters, Glycerol Diesters
6) By Other Products: Sugar Ethoxylates, Surfactant Blends
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Which Growth Factors Are Influencing Ethoxylates Market Expansion?
The anticipated augment in demand from the oil and gas sector is predicted to spur the development of the ethoxylates market in the future. The involvement of the oil and gas sector extends to the probing and extraction of oil and gas. The escalating requisition for ethoxylates by this industry can be accounted for by its applications in drilling fluid. For instance, according to a report in September 2024 by the International Energy Agency (IEA), a French intergovernmental institution, the rise in global oil demand in 2024 is significantly decelerating, with a said growth of 800 kb/d year after year in the first half of 2024, marking the smallest increase since 2020. The average annual hike is expected to be 900 kb/d for 2024, down from 2.1 mb/d in 2023, and is said to reach nearly 103 mb/d by the end of the year. Hence, the escalating demand from the oil & gas industry is propelling the growth of the ethoxylates market.
Who Are the Dominant Players Across Different Ethoxylates Market Segments?
Major companies operating in the ethoxylates market are BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG, Mitsui Chemicals Inc., 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, 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
What Are the Latest Developing Trends in the Ethoxylates Market?
The essential trend noted in the ethoxylates market relates to product innovation. Key players in the ethoxylate market are focusing on creating groundbreaking products to fortify their market footprint. For example, INEOS OXIDE, a specialty chemicals organization from the US, introduced Bio-Attributed Ethylene Oxide (EO), a product that originates from a bio-based source that doesn't infringe on food production, in July 2022. This product is fully renewable on a mass balance basis and generates a Greenhouse Gas saving of over 100% compared to its traditionally produced EO counterpart. The innovative Bio-Attributed Ethylene Oxide (EO) enables customers to markedly reduce their carbon emissions and provides them with ground-breaking solutions to cater to their increasingly discerning and sustainability-focused markets.
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Which Geographic Regions Are Expected to Dominate the Ethoxylates Market in the Coming Years?
Asia-Pacific was the largest region in the ethoxylates market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ethoxylates Market?
2. What is the CAGR expected in the Ethoxylates Market?
3. What Are the Key Innovations Transforming the Ethoxylates Industry?
4. Which Region Is Leading the Ethoxylates Market?
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