August 26, 2020
According to the research report titled ‘Ethoxylates Market Size By Product, By Application Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global ethoxylates market is expected to generate commendable returns by the year 2026.
Increasing applications of ethoxylates in various industry verticals such as oil & gas, pharmaceuticals, and personal care is a major factor driving the market growth. It is to be noted that ethoxylates are vital surfactants that are employed in numerous industrial processes. They are developed through ethoxylation process wherein ethylene oxide is combined with other compounds having labile hydrogen.
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Based on product landscape, the fatty acid segment is predicted to expand substantially during the analysis timespan. These compounds are used in wetting, scouring, cleaning, emulsifying, and other applications, hence are widely adopted in textile sector which is fueling the segmental share.
Alternatively, methyl ester segment is anticipated to witness high CAGR through 2027, on the grounds of being exceptional detergent and emulsifier. The product helps in developing viscosity in less active formulations.
Elaborating on the application spectrum, global ethoxylates market share from pharmaceuticals segment is reckoned to witness appreciable growth during the forecast period. The product is widely used for developing lotions, creams, and other pharmaceutical ointments.
On the other hand, the report states that the others application segment is slated to record remunerative growth during the estimated timeframe. Ethoxylates are used as dye leveling, wetting, emulsifying agents as well as lubricants and dispersants.
From the regional point of view, Latin America ethoxylates industry is likely to experience substantial growth in the ensuing years. Rising adoption of household detergents has augmented the regional demand for ethoxylates, which in turn is facilitating the business scenario in LATAM.
Meanwhile, Middle East & Africa ethoxylates market is poised to accrue noticeable returns in the upcoming years, primarily driven by increasing oil & gas production and cost effective nature of the product.
Mitsui Chemicals, Evonik Industries AG, Saibaba Surfactants Pvt. Ltd., SABIC, Rimpro India, Venus Ethoxyethers Pvt. Ltd., Solvay S.A., Ineos Group Limited, India Glycols Limited, Sasol Limited, E.I. du Pont de Nemours and Company, Clariant AG, Stephan Company, Huntsman International LLC, Royal Dutch Shell PLC, BASF SE, and Dow Chemical Company are key participants in global ethoxylates market.