According to TechSci Research report, “Ethoxylates Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Ethoxylates Market stood at USD 12.86 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.64% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
The global ethoxylates market is experiencing significant growth, primarily attributed to the increasing utilization of ethoxylates in oilfield chemicals. With their excellent surfactant properties, ethoxylates prove to be ideal for various applications in the oilfield industry. Surfactants, known as surface-active agents, effectively modify the interfacial tension between oil, water, and solid surfaces. In enhanced oil recovery (EOR) methods like surfactant flooding and alkaline flooding, ethoxylates play a crucial role in reducing the interfacial tension between oil and water. This reduction enables better oil mobilization and enhances oil recovery rates. Moreover, ethoxylates contribute to stabilizing oil-water emulsions and improving the wettability of reservoir rocks. These properties are particularly valuable in extracting a higher percentage of oil from mature or low-permeability reservoirs.
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By enabling the extraction of previously unrecoverable oil, ethoxylates significantly increase production rates and enhance overall oil recovery efficiency. In addition to their surfactant properties, ethoxylates can also act as solubilizers. This characteristic proves valuable in the formulation of oilfield chemicals, as it allows for the efficient dispersion and delivery of hydrophobic compounds within water-based solutions. This capability facilitates the incorporation of active ingredients such as corrosion inhibitors, scale inhibitors, and biocides, thereby enhancing the performance and effectiveness of oilfield chemical formulations. Government regulations and policies play a crucial role in shaping the ethoxylates market. Through the implementation of guidelines regarding the maximum allowable levels of specific substances or the establishment of standards for product safety and labeling, governments ensure consumer protection and maintain market integrity. These regulations drive the demand for ethoxylates that comply with established norms, encouraging manufacturers to produce high-quality and compliant products. Furthermore, collaborations in research and development (R&D) are instrumental in driving technological advancements and product innovation within the ethoxylates industry. Major industry players, such as Croda and Clariant, have established segregated production lines for their biobased ethoxylated surfactants. This collaborative approach allows them to meet the rising demand for sustainable surfactants while ensuring product integrity and environmental responsibility. This not only drives innovation but also contributes to the overall sustainability of the ethoxylates industry.
However, growing competition from bio-based surfactants and volatility in prices and availability of raw materials are expected to slow down the growth of the market in the coming years.The Global Ethoxylates Market segmentation is based on Type, End User, By Company, and Region. Based on Type, Fatty Amine Ethoxylates held the largest market share in the forecast period. Amine ethoxylates, versatile compounds, find wide-ranging applications across various industries. They are extensively used in sectors such as textile, personal care, agrochemical, industrial cleaners, metal cleaners, homecare, and paints and coatings. These compounds exhibit exceptional properties such as emulsifying, wetting, defoaming, stabilizing, and dispersing, making them valuable additives in numerous formulations. The synthesis of amine ethoxylates involves the reaction of amines, such as stearyl amines, oleyl amine, tallow amines, amino acids, and coco amine, with ethylene oxide. Among the fatty amine ethoxylates, coco-amine, lauryl, and oleyl amines are widely utilized, particularly in the textile and detergent industries. Notable players in the production of amine ethoxylates include LEUNA-Tenside GmbH, Oxiteno, Stepan Company, Ethox., BASF SE, and SILVER FERN CHEMICAL, INC. Their collective efforts contribute to meeting the demand for these essential compounds in various industrial applications.
Based on End User, pharmaceutical segment held the largest market share in the forecast period. Ethoxylates, a class of compounds widely utilized in the pharmaceutical industry, play a crucial role as emulsifiers in various formulations such as ointments, tablets, syrups, and gels. The remarkable surge in the prevalence of chronic diseases, largely attributed to environmental degradation and inadequate attention to health and hygiene, has fueled the demand for innovative and effective pharmaceutical solutions. This, in turn, is expected to significantly contribute to the escalating demand for ethoxylates in the pharmaceutical sector in the foreseeable future. Furthermore, the mounting preference for generic drugs among developing nations has led to an increased utilization of ethoxylates in the manufacturing process. This burgeoning trend not only spurs the consumption of ethoxylates but also underscores their pivotal role in meeting the growing healthcare needs of these regions.
Some of the major companies operating in the Global Ethoxylates s Market include:
- AkzoNobel N.V.
- Arkema SA (CECA)
- BASF SE
- Clariant AG
- Dow Chemical Company
- E.I. du Pont de Nemours and Company
- Evonik Industries AG
- Huntsman International LLC
- India Glycols Limited
- SABIC
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“Certain regions, particularly the Europe, are projected to exert significant demand for ethoxylates worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their ethoxylates productivity each year, are expected to contribute to a remarkable growth of the Global Ethoxylates Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Ethoxylates Market By Type (Alcohol Ethoxylates, Fatty Amine Ethoxylates, Fatty Acid Ethoxylates, Methyl Ester Ethoxylates, Glyceride Ethoxylates, Others), By End User (Household & Personal Care, Pharmaceutical, Agrochemicals, Oilfield Chemicals, Others), By Region, Competition, Forecast and Opportunities, 2018-2028F has evaluated the future growth potential of Global Ethoxylates Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ethoxylates Market.
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