Widening Applications across End-users to Fuel the Global Ethoxylates Industry
Ethoxylates is an organic compound that is produced from the reaction of phenols and alcohols with ethylene oxide by using potassium hydroxide as a catalyst. It is non-ionic surfactants and generally used as surfactants generally used across manufacturing of cosmetics, surface cleaners, detergents, paints, and other products. Whereas, personal care, pulp & paper, textile processing, agriculture, and paints & coatings sectors are major end-users and major consumers of the ethoxylates, which propel growth of the global Ethoxylates Industry. Additionally, various products of the ethoxylates such as alcohol ethoxylate, methyl ester ethoxylate, and fatty acid ethoxylate, which have several application and robust demand from the chemical industries and which is fuelling growth of the global Ethoxylates Industry. Ethoxylates Industry to grow from USD 10.10 billion in 2019 to USD 12.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 3.37% during the forecast period.
In addition to this, the growth of the global Ethoxylates Industry can be attributable to the swiftly changing consumer lifestyles, increasing use by the end-user industries, and rising demand for the low-rinse detergents. Intensifying use of the ethoxylates several industrial applications owing to its good formulation, excellent wetting capacity, high water solubility, and low aquatic toxicity are some of the major factors which are expected to fuel the growth of the Ethoxylates Industry. The compound has applications as emulsion stabilizers during the processing of wax, floor polish, and emulsion polymers; thus, the compound swiftly dissolve and offer ionic stability during reactions and emulsification reaction. This factor acts is driving the growth of Ethoxylates Industry. However, the concerns about the toxicity of ethoxylates among people are a major issue and are likely to restrain the market growth. Nonetheless, the increasing penetrations of production of the eco-friendly ethoxylates are likely to provide huge opportunities for the manufacturers in the market.
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Competitive Analysis:
The key players operating in the global Ethoxylates Industry include The Dow Chemical Company, Huntsman International LLC, Shell Chemicals, Ineos Group Limited, BASE SA, Solvay SA, Arkema SA, and Air Products and Chemicals Inc. The companies are trying to comply with the environmental norms imposed by the several governments in the developed as well as developing countries.
Segmentation:
The Ethoxylates Industry is segmented based on type, starter chain, and region.
In terms of type, the global ethoxylation market is categorized into alcohol ethoxylates, fatty amine ethoxylates, fatty acif athoxylates, methyl ester ethaxylates, ethyl ester ethoxylates, glyceride ethoxylates, and polyethylene glycol.
Based on the starter chain, the market is segmented into C12 – C14, C17 – C18, and C18 – C22.
Regional Analysis:
Based on the region, the market is segmented into Europe, the Americas, Asia Pacific, the Rest of the World (RoW). Of these, the Asia Pacific is estimated hold strong position in the Ethoxylates Industry owing to surge in demand for the personal care products coupled with expansion of personal care and household industries. Additionally, increasing disposable income, growing population, and changes in the consumer lifestyle are anticipated to benefit the market growth especially in the countries such as China and India. The region is likely to retain its share in the coming years by expanding at a CAGR of 4.36% during the forecast period to attain value of USD 5,500 million. The market in Europe and North America are tailing the Asia Pacific in terms of revenue in the Ethoxylates Industry during the estimated time frame.
Industry News:
In 2019, Echa's Risk Assessment Committee (Rac) is likely to authorize over 50 applications for the environmental endocrine disruptors octylphenol ethoxylates (OPnEO) and nonylphenol ethoxylates (NPnEO). Increasing number of regulations are suggesting guidelines for its production, applications, and handling.
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