Press release
Ethoxylates Industry to Achieve $18.16 Billion Growth by 2029
Ethoxylates Market
How Will the Ethoxylates Market Grow by 2025 in Terms of Size and Growth?
In recent years, there has been a steady expansion in the ethoxylates market size. There will be a growth from $14.22 billion in 2024 to $14.68 billion in 2025, at a compound annual growth rate (CAGR) of 3.3%. The historical growth can be associated with demand stemming from a variety of industries, use of surfactants, textile and leather industries, agricultural sector, and industrial applications.
What Are the Estimated Growth Rates for the Ethoxylates Industry Through 2029?
The market size for ethoxylates is projected to experience robust growth in the immediate future. It's expected to reach $18.16 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this progression during the forecast period include availability of raw materials, use in the energy sector, global trade and globalization, advancements in innovation and research, and regulatory environments. Significant trends projected for this period are product innovation and uniqueness, resilience in the supply chain, diverse uses in home cleaning, eco-friendly formulations, and an increase in demand within the personal care sector.
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What Are the Strategic Drivers Boosting Ethoxylates Market Performance?
The ethoxylates market is predicted to experience growth spurred on by an increased demand from the oil and gas industry. This industry includes the exploration and production of oil and gas, and the demand for ethoxylates is rising due to their applications in drilling fluid. For example, the International Energy Agency (IEA), an inter-governmental corporation based in France, reported in September 2024 that global oil demand growth had notably decelerated. The year-on-year surge in the first half of 2024 was 800 kb/d, the smallest rise since 2020. The predicted average annual increase for 2024 is 900 kb/d, a reduction from 2.1 mb/d in 2023, and it is expected to reach almost 103 mb/d by the end of the year. Consequently, escalating demand from the oil and gas industry is fueling the expansion of the ethoxylates market.
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What Are the 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
What Are the Key Adoption Trends in the Ethoxylates Market?
Product innovation stands out as the principal trend ascending the ladder of popularity in the ethoxylates marketplace. In efforts to bolster their market standing, chief firms in the ethoxylate industry are adopting strategies of inventing novel products. As an illustration, INEOS OXIDE, a U.S.-based specialty chemical entity, introduced the Bio-Attributed Ethylene Oxide (EO) in July 2022, derived from a bio-based source that doesn't rival with food production. This new creation is entirely renewable on a mass balance basis, yielding a Greenhouse Gas saving of over 100% against conventionally produced EO. The Bio-Attributed Ethylene Oxide (EO) facilitates customers to considerably shrink their carbon emissions, providing innovative answers to meet the spiraling demand in markets for sustainable solutions.
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Which Companies Lead the Competitive Landscape of the Ethoxylates Industry?
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
Where Are the Key Ethoxylates Market Opportunities by Region?
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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