How big is the Global Alkoxylates market?
According to MarkNtel Advisors study, The Global Alkoxylates Market size is projected to grow at a CAGR of around 4.9% during the forecast period, i.e., 2024-30.
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Global Alkoxylate Market Driver:
Substantial Demand Growth for Detergents & Cleaning Agents – In recent years, especially after the COVID-19 pandemic detergents & cleaning agents have witnessed a tremendous demand across the globe. To maintain hygiene in households & industries, many of the sectors are opting for them for cleaning purposes. This eventually boosted the demand for alkoxylates over the historical period. Moreover, the need for soaps & detergents has been driven due to the growing application in hospitals, hotels, and public toilets.
Also, surging tourists, public & private investments, and government initiatives are some of the factors resulting in the growth of the construction of hotels, hospitals, and public toilets. Thus, to cater to the global demand for soaps & detergents, manufacturing companies are focusing on increasing the production capabilities of their products. Hence, the growth in the production of detergents, and cleaning agents ultimately fuels the Global Alkoxylates Market during the forecast period.
Leading Companies in the Global Alkoxylates market:
- Croda International PLC
- BASF SE
- Lamberti S.p.A.
- The Dow Chemical Company
- com Inc.
- Evonik Industries
- Eastman Chemical Company
- Clariant AG
- LyondellBasell Industries Holdings B.V.
- Sasol Limited.
- Solvay S.A.
- Akzo Nobel N.V.
- Stepan Company
- KLK OLEO.
- HUNTSMAN INTERNATIONAL LLC
- Others,
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Global Alkoxylates Market Segmentation:
By Type
- Fatty Alcohol Alkoxylates
- Methyl Ether Alkoxylates
- Fatty Acid Alkoxylates
- Fatty Amine Alkoxylates
- Glycerine Alkoxylates
- Others (Tristyrylphenol Alkoxylates, PropyleneOxide Copolymers, etc.)
Fatty Alcohol alkoxylates acquired the largest share in the Global Alkoxylates Market in recent years and shall emerge as an area of opportunity for the players in the coming years.
By Application Type
- Wetting Agents
- Cleansing Agents
- Emulsifiers
- Dispersing Agents
- Demulsifiers
- Detergents
- Others (Solubilizers, etc.)
By End Users
- Agrochemicals
- Paint & Coatings
- Personal Care
- Pharmaceuticals
- Oil & Gas
- Others (Papers, Textile, Ceramic, etc.)
Regional/ Countries Insight:
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East & Africa
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