Global Alcohol Ethoxylates market share 2024, Forecast To 2033
28 Feb, 2024
The alcohol ethoxylates market has demonstrated strong growth, rising from$6.34 billion in 2023 to$6.69 billion in 2024 with a compound annual growth rate (CAGR) of 5.6%. This growth in the historic period is attributed to growing demand in cleaning products, versatile surfactant applications, adaptability in formulations, industrial and institutional cleaning needs, and increasing demand in textile processing. Looking forward, the alcohol ethoxylates market is expected to experience robust growth, reaching$8.26 billion in 2028 at a CAGR of 5.4%. Anticipated drivers include rising demand in cleaning products, diverse surfactant applications, adaptable formulations, growth in textile processing, and increased demand from the agricultural sector. Major trends in the forecast period include heightened health and safety awareness, customization and tailored solutions, emphasis on cost-effectiveness and performance, preference for biodegradable solutions, and the expansion of the global market.
Global Alcohol Ethoxylates Market Key Driver
The alcohol ethoxylates market is poised for growth owing to increased demand from the oil and gas industry. Oil and gas operations encompass exploration, extraction, refining, transportation, and marketing of petroleum products. The robust demand for alcohol ethoxylates from this sector, attributed to their potent stabilizing capabilities in oil-water emulsions, is a significant driver for the global market. For instance, as per the report by the International Energy Agency (IEA), global oil consumption is anticipated to surge by 4.4 mb/d (millions of barrels per day) to 104.1 mb/d by 2026. Hence, the escalating demand from the oil and gas industry propels the growth of the alcohol ethoxylates market, as reflected in its projected market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Global Alcohol Ethoxylates Market ReportGlobal Alcohol Ethoxylates Market Segments
The global alcohol ethoxylates market covered in this report is segmented –
1) By Product: Fatty Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Linear Alcohol Ethoxylates, Other Products
2) By Source: Natural, Synthetic
3) By Application: Emulsifier, Dispersing Agent, Wetting Agent, Other Applications
4) By End-Use: Cleaning, Metal Working, Textile Processing, Paper Processing, Agrochemicals, Pharmaceuticals, Other End-users
By Geography: The regions covered in the alcohol ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the alcohol ethoxylates market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the alcohol ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Alcohol Ethoxylates Industry Players
Shell PLC, Sasol Limited, Clariant AG, BASF SE, Saudi Basic Industries Corporation, Evonik Industries AG, Dow Chemical Company, Huntsman Corporation, India Glycols Limited, Mitsui Chemicals Inc., Solvay SA, Stepan Company, ChemPoint.com Inc., Venus Ethoxyethers Pvt. Ltd., Oxiteno SA, Enaspol Inc., Helm AG, Nouryon BV, INEOS Group Limited, AkzoNobel N.V., Procter & Gamble Co., Kemipex, Saibaba Surfactants Pvt. Ltd., Geo Specialty Chemicals Inc., Kuala Lumpur Kepong Berhad group, Kao Corporation, Croda International PLC, Galaxy Surfactants Ltd., Unger Fabrikker AS, Lion Corporation, PCC Chemax Inc., Sasol Germany GmbH, Unilever plc
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Alcohol Ethoxylates Market Overview
Alcohol ethoxylates refer to a type of nonionic surfactant with the general structure R(OCH2CH2)nOH with a hydrophobic alkyl chain connected via an ether bond to a hydrophilic ethylene oxide (EO) chain. They offer excellent detergency, both high and low foaming, as well as ethoxylates that quickly wet surfaces.
Alcohol Ethoxylates Global Market Report 2023 provides data on the global alcohol ethoxylates market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The alcohol ethoxylates market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.