Global Ethoxylates Market to Reach US$ 19.9 Billion by 2032, Propelled by Rapid Product Utilization in Oil and Gas Industry

March 09, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Ethoxylates Market Report by Product (Alcohol, Fatty Amine, Fatty Acid, Ethyl Ester, Glyceride, and Others), Application (Household and Personal Care, Institutional and Industrial Cleaning, Pharmaceutical, Agrochemicals, Oilfield Chemicals, and Others), and Region 2024-2032”, the global ethoxylates market size reached US$ 14.6 Billion in 2023. Ethoxylates are chemical compounds that are produced by the reaction of ethylene oxide with a variety of starting materials, such as alcohols, fatty acids, or phenols. As a result, these molecules have both hydrophilic (water-loving) and hydrophobic (water-repelling) ends, which makes them ideal surfactants and emulsifiers. They break down dirt and grease on surfaces by reducing water's surface tension, and they can also be used as mixing agents to combine oil and water-based components. In addition to their ability to reduce surface tension, ethoxylates have the advantage of being soluble in water, making them very versatile. Additionally, ethoxylates are readily biodegradable, making them an eco-friendly alternative to other surfactants. They are also highly efficient in cleaning and emulsifying processes, resulting in a minimal energy requirement and reduced costs.

Global Ethoxylates Market Trends:

The global market is majorly driven by the rapid product utilization in the oil and gas industry as emulsifiers and wetting agents. This can be attributed to considerable growth in the oil and gas industry and the increased drilling and exploration activities. In line with this, the escalating demand for surfactants, which are used in a wide range of end-use industries, such as cleaning, soap and detergents, is also providing an impetus to the market. Additionally, the growing adoption of ethoxylates in the formulation of a wide range of personal care products, including shampoos, lotions, and other cosmetics, is impacting the market positively. Besides this, continual technological advancements in the development of new and improved ethoxylate variants, which are more efficient and environmentally friendly, are creating a positive outlook for the market. The market is further fueled by the increasing usage of ethoxylates in the manufacturing of various agrochemicals, including herbicides, fungicides, and insecticides, which is further creating lucrative opportunities in the market. Some of the other factors contributing to the market include the growing need to increase agricultural productivity, rapid urbanization and industrialization, and extensive research and development (R&D) activities conducted by the key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 19.9 Billion by 2032, exhibiting a CAGR of 3.4% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been divided into alcohol, fatty amine, fatty acid, ethyl ester, glyceride, and others.
  • Based on the application, the market has been categorized into household and personal care, institutional and industrial cleaning, pharmaceutical, agrochemicals, oilfield chemicals, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Akzo Nobel N.V., Arkema, BASF SE, Dow Chemical Company, Evonik Industries AG, India Glycols Limited, Mitsui Chemicals, Inc., SABIC, Solvay, and Stepan Company.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akzo Nobel N.V., Arkema, BASF SE, Dow Chemical Company, Evonik Industries AG, India Glycols Limited, Mitsui Chemicals, Inc., SABIC, Solvay and Stepan Company
Customization Scope 10% Free Customization
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Global Ethoxylates Market to Reach US$ 19.9 Billion by 2032, Propelled by Rapid Product Utilization in Oil and Gas Industry
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