Global Ethoxylate Market to Reach US$ 17.2 Billion by 2027, Impelled by Increasing Demand for Formulating Personal Care Products

December 05, 2022

According to the latest report by IMARC Group, titled "Ethoxylate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," the global ethoxylate market reached a value of US$ 13.5 Billion in 2021. Ethoxylate is a compound produced by adding epoxides/ethylene oxide (EO) in the desired molar ratio to substrates, including alcohol, acid, amine, or vegetable oils. This is added in a block-wise or random manner where EO ranges from 1 to any number. Ethoxylates comprise both hydrophobic and hydrophilic parts, thus making them amphiphilic in nature. It is widely used in the production of laundry detergents, cosmetics, and agricultural products. It is also extensively utilized in the formulation of personal care products, such as shampoos, conditioners, and cosmetics.

Global Ethoxylate Market Trends:

The global market is majorly driven by the increasing product demand as a foaming and wetting agent in detergent and cosmetic product formulations. In line with this, the rising consumer inclination toward environmentally friendly and naturally sourced products, coupled with consumer willingness to spend on premium and high-end products, is expected to significantly contribute to the market expansion. Furthermore, the growing prevalence of chronic diseases driven by negligence towards health and hygiene is catalyzing the demand for innovative and effective pharmaceutical formulations. This is anticipated to fuel the demand for ethoxylates in the pharmaceutical industry. Besides this, multiple leading players are focused on developing environmentally friendly cleaning products containing minimal VOC content, which is expected to create a positive outlook for the market. Additionally, the increasing demand for ethoxylates by the agrochemical industry and the rapid expansion of the agrochemical industry are providing a boost to the market. On account of the factors above, the market is anticipated to reach a value of US$ 17.2 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027. 

Market Summary:

  • On the basis of the product, the market has been categorized into alcohol, fatty amine, fatty acid, ethyl ester, glyceride, and others.
  • Based on the application, the market has been classified into the household and personal care, institutional and industrial cleaning, pharmaceutical, agrochemicals, oilfield chemicals, and others.
  • On the basis of the region, the market has been divided 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 the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key 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.

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Global Ethoxylate Market to Reach US$ 17.2 Billion by 2027, Impelled by Increasing Demand for Formulating Personal Care Products
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