Categories: Market Research

Narrow Range Ethoxylate Market Expected to Reach $10.87 Billion by 2028

Overview and Scope
The narrow range ethoxylates refer to chemicals with targeted properties that improve decreasing performance while eliminating the need for hazardous solvents. Narrow range ethoxylates are also compatible with the majority of commonly used surfactants and builders. They also have a very low odor, despite the fact that they are based on short-chain alcohol.

Sizing and Forecast
The narrow range ethoxylate market size has grown rapidly in recent years. It will grow from $6.43 billion in 2023 to $7.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to consumer awareness, end-use industries, globalization and trade, price volatility of raw materials, shift towards sustainable practices.

The narrow range ethoxylate market size is expected to see rapid growth in the next few years. It will grow to $10.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to market expansion, consumer preferences, global economic trends, innovation and research, competitive landscape. Major trends in the forecast period include adoption of bio-based raw materials, digitalization and industry 4.0, consumer education and awareness, application diversification, rising R&D investments.

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The narrow range ethoxyate market covered in this report is segmented –

1) By Source: Natural, Synthetic
2) By Application: Household Cleaning, Commercial Cleaning, Industrial Cleaning
3) By End-Use Industry: Paints and Coatings, Oil and Gas, Agrochemicals, Home and Personal Care, Polymer Pharmaceutical, Other End-Users

North America was the largest region in the narrow range ethoxylates market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the narrow range ethoxylate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing public awareness regarding health and hygiene is driving the growth of the narrow range ethoxylate market. Growing public awareness about health and hygiene has the potential to reduce the spread of intestinal worms, schistosomiasis, and trachoma, as well as tropical diseases that cause millions of people to suffer. Increasing awareness of health and hygiene is expected to boost the consumption of narrow range ethoxylates, as they are widely used in residential, commercial, and industrial settings for cleaning activities. For instance, in October 2023, according to a report published by the World Health Organization, a Switzerland-based intergovernmental organization, 57% of the world’s population, equivalent to 4.6 billion individuals, had access to a sanitation service in 2022 that was safely managed. Among them, 33% (2.7 billion people) utilized private sanitation facilities connected to sewers with wastewater treatment, while 21% (1.7 billion people) relied on toilets or latrines where excreta were safely disposed of in situ. Additionally, 88% of the global population, totaling 7.2 billion people, had access to at least a basic sanitation service. Therefore, the growing public awareness regarding health and hygiene is expected to boost the narrow-range ethoxylate market during the forecast period.

Key Industry Players
Major companies operating in the narrow range ethoxylate market report are Shell Chemical LP, BASF Corporation, The Procter & Gamble Manufacturing Company, The Dow Chemicals Co, Haier Smart Home Co Ltd., Ineos Group Limited, Sasol Limited, Solvay Specialty Polymers USA LLC, Techtronic Industries Co Ltd., DuPont de Nemours Inc., Arkema S.A., Univar Solutions Inc., Eastman Chemical Company, Skyworth Appliances Co Ltd., TCL Multimedia Technology Holdings Ltd., Konka Appliances Co Ltd., Lion Specialty Chemicals Co Ltd., Stepan Company, Yamaha Corporation, Pioneer Corporation, Shenzhen Strong Electronics Co Ltd., Oxiteno SA, Onkyo Corporation, Denon Inc., Pilot Chemical Company, Ineos Styrolution Group GmbH, Zschimmer & Schwarz GmbH Co KG, EOC Group Ltd., Unger Fabrikker AS, Changhong Appliances Group Co Ltd., TPVision Electronics Co Ltd., MTC Electronics Co Ltd.

The narrow range ethoxylate market report table of contents includes:

1. Executive Summary

2. Narrow Range Ethoxylate Market Characteristics

3. Narrow Range Ethoxylate Market Trends And Strategies

4. Narrow Range Ethoxylate Market – Macro Economic Scenario
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32. Global Narrow Range Ethoxylate Market Competitive Benchmarking

33. Global Narrow Range Ethoxylate Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Narrow Range Ethoxylate Market

35. Narrow Range Ethoxylate Market Future Outlook and Potential Analysis

36. Appendix

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