Press release
Emerging Trends to Drive Ethoxylates Market Growth at 5.9% CAGR Through 2029
Ethoxylates
Ethoxylates Market Size Growth Forecast: What to Expect by 2025?
The market size of ethoxylates has seen a consistent upswing in the past few years. An estimation indicates a momentum from $14.22 billion in 2024, increasing to $14.89 billion in 2025, marking a compound annual growth rate (CAGR) of 4.7%. The historical growth period reveals this spike owing to demand across various sectors such as diverse industries, surfactant uses, textile and leather sectors, the agricultural industry, and other industrial applications.
How Will the Ethoxylates Market Size Evolve and Grow by 2029?
The market for ethoxylates is predicted to experience substantial expansion in the upcoming years. The market is forecasted to reach $18.7 billion by the year 2029, with a compound annual growth rate (CAGR) of 5.9%. The anticipated growth during this period can be credited to factors such as the availability of raw materials, use in the energy sector, trade and globalization, innovation and research development, as well as the regulatory landscape. The forecast period will also see key trends like product innovation and differentiation, resilience in the supply chain, versatility in household cleaning, eco-friendly formulations, and an increased demand in the personal care sector.
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What Drivers Are Propelling the Growth of Ethoxylates Market Forward?
The growth of the ethoxylates market is projected to be propelled by an amplified demand from the oil and gas sector. The operations in this industry, which encompass exploration and oil and gas extraction, have seen a burgeoning requirement for ethoxylates due to their application in drilling fluid. For example, the International Energy Agency (IEA), an intergovernmental organization based in France, indicated in September 2024 that there is a considerable slowdown in the growth of global oil demand. They reported a year-on-year increase of 800 kb/d in the initial half of 2024, which is the smallest increment since 2020. The expected average annual growth is 900 kb/d for the year 2024, falling from 2.1 mb/d in 2023 and is predicted to hit about 103 mb/d by the end of the year. Consequently, the surging demand from the oil and gas sector is fuelling the expansion of the ethoxylates market.
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Which Emerging Trends Are Transforming the Ethoxylates Market in 2025?
In the ethoxylates market, the prominent trend is the introduction of innovative products, a tactic being employed by leading companies in the sector. These companies are pioneering fresh products to cement their hold on the market. As an illustration, INEOS OXIDE, a specialty chemicals company based in the U.S., unveiled Bio-Attributed Ethylene Oxide (EO) in July 2022. This product is derived from bio-based sources that do not interfere with food production. The novel product is entirely renewable on a mass balance basis, marking a Greenhouse Gas savings of over 100% compared to traditionally produced EO. Bio-Attributed Ethylene Oxide (EO) provides customers the advantage to considerably decrease their carbon emissions, and offers inventive solutions to cater to their burgeoning markets seeking sustainable solutions.
What Are the Key Segments in the Ethoxylates Market?
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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Who Are the Key Players Shaping the Ethoxylates Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Ethoxylates Market?
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.
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