According to ChemAnalyst report, “India Alkoxylates Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand FY2015-FY2030”, The Indian India Alkoxylates Market is likely to reach around 170 thousand tonnes by FY2030, at a CAGR of 4.92% during the forecasted period. The end-use industries like Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, and Textiles are anticipated to grow the India Alkoxylates Market in the upcoming years.
Alkoxylates come in many different forms, including fatty acid ethoxylates, sorbitan ester alkoxylates, alkyl phenol alkoxylates, and others. Alkoxylates are synthesized when ethylene, propylene, and butylene oxides are added to fatty hydrocarbons during the alkoxylation process. Thy can serve as a co – surfactant, disinfectant, surfactant, and binding agent, and found application in a variety of end-use industries, including skincare and personal care products, consumer products, coatings & paints, and pharmaceuticals.
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The alkoxylates market in India is driven by its usage in the manufacturing of detergents. This is a result of its good wettability nature. With the growing demand of detergents and cleaning products such as soaps, face wash, body gels, and industrial cleaners coupled with factors like high population growth in the nation, the demand of alkoxylates is anticipated to rise. Growing environmental concerns and end-use industries’ emphasis on promoting sustainable development are driving up demand for biodegradable chemicals, which is expected to create new growth prospects for the alkoxylates market over the course of the forecast period.
The India Alkoxylates Market is segmented based on type, end-use, sales channel, and region. Based on type, the Alkoxylates market is segregated into Linear Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Alcohol Ethoxylates, Branched Alcohol Ethoxylates, Amide Ethoxylates, and Others. As of FY2022, Linear Alcohol Ethoxylates has been leading the market accounting for around 34% of the market share as of FY2022. Lauryl Alcohol Ethoxylates also holds significant market share. Due to the wetting characteristic, Lauryl Alcohol Ethoxylates efficiently reduces surface tension and used for applications such as textile and leather production.
Based on end-use, the India Alkoxylates market is bifurcated into Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others. Detergents industry is the leading consumer of Alkoxylates in India and held roughly 55% of the Alkoxylates market in FY2022 and is anticipated to show this trend in the forthcoming years as well.
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India Alkoxylates market is segregated into four regions based on regional consumption: West, South, North, and South. Based on the region, in the historic period of FY2015-FY2022, West India has been dominating the market. States like Gujarat, Rajasthan, and Maharashtra have been the leading consumers of alkoxylates due to the presence of leading manufacturers located in these states coupled with the presence of ports in these locations.
“India Alkoxylates Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand FY2015-FY2030” Major players in the India Alkoxylates market are Galaxy Surfactants Ltd., India Glycols limited, Unitop Chemicals, and Venus Ethoxyethers Pvt. Ltd.
“The rapidly increasing demand for Alkoxylates owing to their surfactant nature to manufacture personal hygiene products like shampoos, soaps, and detergents along with other applications in other industries like Metalworking fluid and lubrication, Paints and Coatings, and Textiles is expected to propel the India Alkoxylates Market in the forecast period until FY2030. West India is the major consumer of Alkoxylates with majority of the end-use products’ manufacturers located in states like Gujarat and Maharashtra and is anticipated to retain its position in the forecast period as well. ”Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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