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Mar 25, 2020 11:00 AM ET

Ethoxylates Market Projected to Reach 12.37 Billion USD by 2021




iCrowd Newswire - Mar 25, 2020

According to the new market research report Ethoxylates Market by Type (Alcohol, Fatty Amine, Fatty Acid, Methyl Ester, Glyceride), Application (Agrochemicals, Household & Personal Care, Pharmaceutical, Oilfield Chemicals), Region – Global Forecast to 2021″, The global ethoxylates market was valued at USD 10.16 Billion in 2015 and is projected to reach USD 12.37 Billion by 2021, at a CAGR of 3.33% from 2016 to 2021.

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The growing demand for ethoxylates in the household & personal care, and pharmaceutical industries, and shift in consumer lifestyles, is expected to drive the market in the future.

The global ethoxylates market is segmented based on type, into alcohol, fatty acid, fatty amine, methyl ester, glyceride, and other ethoxylates. In 2015, alcohol ethoxylates captured the maximum share of the overall market; and are also expected to grow at the highest CAGR during the forecast period. Alcohol ethoxylates are considered more environment friendly as compared to other ethoxylates, due to their easy biodegradability. Alcohol ethoxylates are the most widely used type of non-ionic surfactants.

The major end-use industries of ethoxylates are, household & personal care, pharmaceutical, agrochemicals, oilfield, and others. The demand for ethoxylates in the pharmaceutical industry is projected to grow at the highest CAGR during the forecast period. The growth in this industry is driven by the growing healthcare sector in developed and emerging economies.

Browse and in-depth TOC on “Ethoxylates Market – Global Forecast to 2021”

101 – Tables
42 – Figures
138 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/ethoxylates-market-124534176.html

The ethoxylates market is extremely competitive. In terms of the global market, the industry comprises of several market participants with a few market leaders. In the ethoxylates market, there are established players, such as BASF SE (Germany), Huntsman Corporation (U.S.), Clariant AG (Switzerland), Stepan Company (Illinois), and The Dow Chemical Company (U.S.). These top players have a significant control on the market. These players maintain their leading position by launching new products and making substantial investments for capacity expansions.

The major players operating in the global ethoxylates market are, BASF SE (Germany), Royal Dutch Shell Plc (Netherlands), Huntsman International LLC (U.S.), Stepan Company (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Sasol Ltd (South Africa), India Glycols Ltd. (India), Ineos Group Ltd. (Switzerland), and Solvay (Belgium).

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Expansions is the major strategy followed by the players in the global ethoxylates market. Royal Dutch Shell Plc. (The Netherlands), is one of the leading ethoxylates manufacturers, globally. The company has been focusing on expansions to maintain its leading position in the market. For instance, in November 2015, Shell Nanhai B.V. (Shell) and China National Offshore Oil Corporation (China), have received permission to build an ethylene cracker and other derivative units, after receiving required government approvals. In September 2015, Shell announced the doubling of its production capacity of high-purity ethylene oxide and ethoxylates at its Jurong Island site (Singapore). This plant will have an ethoxylates production capacity of 140,000 tonnes per annum. These expansions will help in meeting the rising demand for ethoxylates in the Asia-Pacific region.

Clariant AG (Switzerland) is another major player in the ethoxylates market. The company is also focusing on expansions as a part of its strategic development activities. In October 2014, Clariant AG invested in its first Regional Innovation Center (RIC) in India, to increase research on surfactants, specialty polymers, and functional chemicals. In January 2014, Clariant AG expanded its ethoxylation plant in Daya Bay, Huizhou (China). In 2011, the initial capacity of the plant was of 50,000 MT/year. After completion of the expansion, the total capacity of the plant reached 100,000 MT/year. These strategic initiatives in terms of both, capacity and regional expansion will help the company to cater to the rising demand for ethoxylates globally.

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