The ethoxylates market is predicted to experience robust growth in the next few years. It is expected to expand to $18.7 billion in 2029 at a CAGR of 5.9%. The forecast period is expected to be shaped by various factors such as raw material availability, energy sector utilization, trade and globalization, innovation and research development, and the regulatory landscape. The market trend forecast includes product innovation and differentiation, supply chain resilience, versatility in household cleaning, environmentally friendly formulations, and a rise in personal care demand.
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What Are the Key Growth Drivers of the Ethoxylates Market?
A potential boost to the ethoxylates market growth is expected from increasing demand from the oil and gas industry. This is due to the role of ethoxylates in the production and exploration of oil and gas, particularly in the area of drilling fluid. A report from the International Energy Agency (IEA) in September 2024 indicates oil demand growth is slowing significantly with a reported increase of 800 kb/d year-on-year in the first half of 2024, the lowest since 2020. However, the average annual gain is projected to be 900 kb/d for 2024, down from 2.1 mb/d in 2023, reaching nearly 103 mb/d by year-end. This increased demand from the oil and gas industry should drive the growth of the ethoxylates market.
Which Segments Does the Global Ethoxylates Market Encompass?
– By Product: Alcohol, Fatty Amine, Fatty Acid, Ethyl Ester, Glyceride, Other Products
– By Application: Household And Personal Care, Institutional And Industrial Cleaning, Pharmaceutical, Agrochemicals, Oilfield Chemicals, Other Applications
– By End-Use: Detergents, Personal Care, Ointments And Emulsions, Herbicides, Insecticides, Foam Control And Wetting Agents, Lubricants And Emulsifiers, Other End-Uses
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What Are the Major Players in the Ethoxylates Market?
The ethoxylates market includes major companies such as 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, and Unilever PLC.
What Are the Emerging Trends in the Ethoxylates Market?
A key trend in the ethoxylates market is product innovation. Companies are developing innovative ethoxylate products to strengthen their market position. For instance, in July 2022, INEOS OXIDE, a US-based specialty chemicals company, launched Bio-Attributed Ethylene Oxide (EO) based on a bio-based source which does not compete with food production. The new product delivers a Greenhouse Gas saving of over 100% compared to conventionally produced EO.
Which Region is Forecasted to Experience the Fastest Growth in the Ethoxylates Market?
In 2024, Asia-Pacific was the largest region in the ethoxylates market, and it 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.
What Does The Ethoxylates Market Report 2025 Offer?
This report offers in-depth analysis of the ethoxylates market, including size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Ethoxylates are chemicals that are created by adding ethylene oxide (EO) to substrates such as alcohol, acid, amine, or vegetable oils. They play a vital role in personal care products such as toothpaste, shampoo, shower gel, and cosmetics.
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