Quick Summary:
In the global chemical industry, the demand for Alkoxylates is quickly gaining pace. These chemicals, produced via the alkoxylation process, form a broad range of types including alcohol alkoxylates, fatty acid alkoxylates, and fatty amines alkoxylates. Dominating the market is the alcohol variant, due to its environmentally friendly and biodegradable characteristics. Alkoxylates find usage as cleaning agents, emulsifying agents, detergents, stabilizers, dispersing agents, and wetting agents; their demand is being driven mainly by the expanding detergent industry and other application areas.
Regionally, the Asia-Pacific region claims the largest share of global demand for alkoxylates, attributed to the rapidly expanding application industries such as detergents and cleaners in the area. Added to this, is the escalating demand for environment-friendly and biodegradable products. Investing in this informative market research report on global alkoxylates will provide crucial insights and estimations on current and future market trends, contributing towards formulating informed strategic plans. This report importantly also elucidates on the key players involved in the manufacture of alkoxylates.
The global Alkoxylates market marked a demand of approximately 5200 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 3.78% during the forecast period until 2030.Global Alkoxylates Demand is Projected to Grow at a Healthy CAGR of 4.25%.
Increasing demand for detergents coupled with the growing demand from other application areas is expected to drive the demand for alkoxylates during the forecast period. Moreover, the biodegradable nature of alcohol alkoxylates is another factor influencing demand growth due to increasing awareness and government initiatives regarding environment-friendly materials. The global Alkoxylates market is anticipated to reach approximately 7600 thousand tonnes by 2030.
Alkoxylates are chemicals that are produced via the alkoxylation process. In the alkoxylation process compounds such as alcohols, phenols, and amines react with alkoxides to form alkoxylates. Alkoxylates are of various types depending upon the chemical undergoing the alkoxylation process. They are alcohol alkoxylates, fatty acid alkoxylates, fatty amines alkoxylates. Among the different types of alkoxylates, alcohol alkoxylates dominate the global market due to their degradable and environmentally friendly nature. They have applications in various areas including cleaning agents, emulsifying agents, detergents, stabilizers, dispersing agents, and wetting agents, etc.
Europe has the highest demand of Alkoxylates. This region accounted a market share of about 35% of the global Alkoxylates market in 2022. Market growth is anticipated through 2030 in countries like Belgium, France, Germany as a result of the rising awareness and demand for environment-friendly biodegradable materials. The second-largest market for Alkoxylates is in Asia-pacific region. Moreover, the rise in due to the increasing demand of application industries such as detergents and cleaners is anticipated to propel market growth in these regions. Additionally, Asia Pacific is the leading producer of Alkoxylates with China is the giant for the manufacture of Alkoxylates. It is due to the high number of plants that utilizes the technology and efficiency to produce alkoxylates. Moreover, the rising R&D activities is anticipated to further propel the production in the upcoming years.
Based on the end-user industry, the Alkoxylates market is segmented into sectors like Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others. Among these, Detergents industry is dominating the global Alkoxylates market and accounted around 45% of the share of total Alkoxylates demand in 2022. This industry is anticipated to dominate the global Alkoxylates market owing to the rising awareness and hygiene in countries all across the globe with rising per capita income. Additionally, Personal Care, industry is also a prominent consumer of Alkoxylates.
Significant companies for Global Alkoxylates market are The Dow Chemical Company, Croda International Plc, BASF SE, Clariant, Huntsman International LLC., Ineos Group Limited, Solvay S.A., Royal Dutch Shell, Akzo Nobel N.V., Jiahua Chemicals Inc, Venus Ethoxyethers Pvt. Ltd., Evonik Industries AG, Ethox Chemicals and Kaiser Industries Ltd., and others.
Years considered for this report:
- Historical Period: 2015- 2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2030
The objective of the Study:
- To assess the demand-supply scenario of Alkoxylates, which covers the production, demand, and supply of Alkoxylates around the globe.
- To analyze and forecast the market size of Alkoxylates.
- To classify and forecast the Global Alkoxylates market based on end-use and regional distribution.
- To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Alkoxylates market.
To extract data for the Global Alkoxylates market, primary research surveys were conducted with Alkoxylates manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for the Global Alkoxylates market over the coming years.
The publisher calculated Alkoxylates demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Alkoxylates. The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Alkoxylates manufacturers and other stakeholders
- Organizations, forums and alliances related to Alkoxylates distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Alkoxylates market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Attribute
Details
- Market size Volume in 2022 - 5200 thousand tonnes
- Market size Volume by 2030 - 7600 thousand tonnes
- Growth Rate - CAGR of 3.78% from 2023 to 2030
- Base year for estimation - 2023
- Historic Data - 2015 - 2022
- Forecast period - 2023 - 2030
- Quantitative units - Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Technology, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company ShareSegments covered
- By End-Use: (Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others.)
- By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.Available Customisations
With the given market data, the publisher offers customizations according to a company’s specific needs.Please note: The subscription will be activated within 3 business days
Table of Contents
1. Capacity By Company
2. Capacity By Location
3. Production By Company [Quarterly Update]
4. Plant Operating Efficiency [Quarterly Update]
5. Demand by End- Use [Quarterly Update]
6. Demand by Type
7. Demand by Region
8. Demand by Sales Channel (Direct and Indirect)
9. Demand-Supply Gap
10. Company Share
11. Industry Market Size
12. Pricing Analysis & Forecast
Methodology
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