According
to a research report by Grand View Research, Inc.; the global Ethoxylates Market
is projected to reach a valuation of around USD 14.75 billion by 2025. The
marker is expected to register a healthy growth rate of nearly 3.5% during the
forecast period i.e., from 2017 to 2025. This growth is attributed to the rising
demand from personal care products and detergents due to exceptional cleansing
properties of ethoxylates. In addition, extensive usage of ethoxylates as an
ingredient in emulsions and ointments in the pharmaceuticals sector is also anticipated
to drive the growth over the next few years. Moreover, high demand for ethoxylates-based
insecticides and herbicides to enhance the crop yield is also expected to
contribute toward expansion of the global market.
Furthermore,
rapid technological developments in the field of metal manufacturing is
projected to result in an increased demand for ethoxylates as a constituent of
the metal working fluid formulations for foam control. The growing product
demand in industrial applications as a wetting agent is also expected to drive
the development of the global market. Various properties of ethoxylates such as
low rinse, high oxidation resistance, and superior de-emulsification have
enabled its usage in petroleum refining. This factor is likely to have a positive
impact on the growth of the global market over the next few years.
Full Research Report On Ethylates
Market Analysis: https://www.grandviewresearch.com/industry-analysis/ethoxylates-market
The
global ethoxylates market is categorized on the basis of product type, end use,
application, and region. On the basis of product type, the market is further divided
into fatty amine ethoxylates, alcohol ethoxylates, glyceride ethoxylates, ethyl
ester ethoxylates, fatty acid ethoxylates, and others. On the basis of end use,
the market is divided into personal care products, foam control and wetting
agents, detergents, insecticides, herbicides, lubricants and emulsifiers,
emulsions and ointment, and others.
On
the basis of application, the market for ethoxylates is segregated into pharmaceutical,
oilfield chemicals, household and personal care, agrochemicals, institutional
and industrial cleaning, and others. The pharmaceuticals segment is projected
to reach a valuation of around USD 909.0 million by 2025. This growth can be attributed
to the rising usage of ethoxylates for better quality emulsifiers for the
production of emulsions and ointments. On the basis of geographies, the market
is divided into Europe, North America, Central and South America, Middle East
and Africa (MEA), and Asia Pacific.
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The
North America regional market is anticipated to have a sustainable development
during the forecast period as a result of an extensive usage of personal care
products by consumers in this region. In addition, high disposable income of
the consumers and the rising willingness to spend on household cleaning and
personal care products are also projected to have a major impact on the regional
growth. Moreover, highly supportive regulations by the Food and Drug
Administration (FDA) regarding the product usage is also expected to boost the
ethoxylates market growth in near future.
The
Asia Pacific region accounted for around 31.1% of the overall market share on
account of high product consumption in various nations, particularly in
Australia, India, China, and Japan. The region is anticipated to witness the
maximum growth over the forecast years due to the presence of emerging economies
such as China, India, South Korea, and Japan. In addition, rapidly expanding
manufacturing plants of various cleansing products due to availability of
low-cost labor is also said to fuel the market growth in this region.
Furthermore, escalating demand for ethoxylates due to the growing consumer sector
in India and China is also likely to spur regional market development over the
forecast period.
The
major companies operating in the global ethoxylates market include E.I. du Pont
de Nemours and Company; INEOS Group Holding S.A.; Huntsman International LLC;
Evonik Industries AG; Mitsui Chemicals, Inc.; and Royal Dutch Shell PLC. Most
of the pioneers in this field focus on product and technology development in
order to expand their business and global presence.
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-ethoxylates-market
About Grand
View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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information: https://www.grandviewresearch.com/
