Methyl Ester Ethoxylate Market - A complete backdrop analysis with assessment of the Parent Industry
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The C16-C18 methyl ester ethoxylatesegment is estimated to expand rapidlyduring the forecast period. This is attributed to feedstock availability from oil of palm. Detergent in concentrated liquid form is showing highest demand for this type of methyl ester ethoxylate. They are a derivative of natural feedstock and therefore, are eco-friendly, which results in its high demand. Methyl ester ethoxylate is also economical and costs less as governments in Europe and Southeast Asia offer subsidy to produce C16-C18 methyl ester. This results in higher demand among the application industries.In terms of application, the global methyl ester ethoxylate market can be segmented into domestic cleaning, personal care, industrial cleaning, and others.The domestic cleaning segment is anticipated to expand rapidly during the forecast period. This is attributed to the increasing awareness regardinglow-rinse,low-foam, and detergents that offer single wash benefits. Methyl ester ethoxylate is a detergentin concentrated liquid form that is utilized in a wide range of cleaning agents for domestic cleaning.
A major driver driving the global methyl ester ethoxylate market is the low cost of methyl ester ethoxylate. Its cost is considerably less due to governments in Europe and Southeast Asiaproviding subsidies to produce methyl ester ethoxylate.This is increasing the demand for methyl ester ethoxylate globally,which in turn is driving the global market. Rising awareness about single wash detergents is also boosting the global market.Water consumption is reduced considerably due to low foam and low rinse formulas, which is propelling the market for methyl ester ethoxylate globally. Insolubility in water and cloudy appearance when mixed with water at higher temperatures is a major drawback of methyl ester ethoxylate, which is a major restraint to the global methyl ester ethoxylate market. Major opportunities forthe global market is the rising usage of low foam detergents in areas of water scarcity, especially in the countries of Asia Pacific, which have higher population, such as China and India.
In terms of geography, the global methyl ester ethoxylate market is segmented into North America, Europe, Asia Pacific, Middle East &Africa, and Latin America. Asia Pacific held a majorshare of the market in 2016 and is anticipated to maintainits dominance duringthe forecast period. This is attributed to the increasing usage of low rinse detergents in the region.Themarket in the region is also anticipated to expand rapidly during the forecast period. This is attributed to non-ionization of methyl ester ethoxylate in solution, which makes itresistant to hardnessand cleans most hard surfaces. Countries such as China and India in witnessinghigh demand for methyl ester ethoxylate. This is turn is resulting is consistenthigh demand for methyl ester ethoxylate in the region.
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Major players operating in the global methyl ester ethoxylate market include Lion Corporation (Japan),Huntsman Corporation (U.S.),JC Chang Group of companies (Malaysia), Clariant AG (Switzerland), Ineos Group Limited (Switzerland), KLK OLEO (Malaysia), and Jet Technologies (Australia).
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