Ethoxylates Global Market Report 2024

The global ethoxylates market has grown strongly in recent years. It will grow from $13.63 billion in 2023 to $14.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. Historical growth can be attributed to demand stemming from various industries, particularly in surfactant applications, the textile and leather sectors, agricultural sector needs, and diverse industrial applications.

The global ethoxylates market is expected to see strong growth in the next few years. It will grow to $17.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period stems from factors like the availability of raw materials, increased utilization within the energy sector, global trade influences, ongoing innovation and research, and the evolving regulatory landscape. Major trends expected during this period include a focus on product innovation and differentiation, building resilience within supply chains, the creation of versatile household cleaning products, formulations that prioritize environmental friendliness, and the growing demand for products in the personal care sector.

The escalating demand from the oil and gas sector stands as a primary driver propelling the growth of the ethoxylates market. Ethoxylates find extensive usage in drilling fluids within the oil and gas industry. As per the International Energy Agency (IEA), global oil consumption is forecasted to surge by 4.4 mb/d from 2019 to reach 104.1 mb/d by 2026. This increase in demand from the oil and gas industry significantly contributes to the growth of the ethoxylates market.

The anticipated surge in industrialization is expected to further drive the ethoxylates market. As economies transition toward extensive mechanization and heightened manufacturing activities, ethoxylates play a crucial role in various industries. Their versatility and applications as essential surfactants empower industrial processes across sectors like textiles, agriculture, and manufacturing. The rise in industrial production, as observed with the US manufacturing output increasing by 0.4% in September 2023, signifies the pivotal role of ethoxylates in advancing industrialization and augments their market demand.

Product innovation emerges as a prominent trend shaping the ethoxylates market landscape. Leading companies are driving innovation, exemplified by INEOS OXIDE's launch of Bio-Attributed Ethylene Oxide (EO). This product, derived from bio-based sources without competing with food production, ensures 100% renewable sourcing on a mass balance basis. With over 100% greenhouse gas savings compared to conventionally produced EO, this innovation caters to the market's demand for sustainable solutions, enabling significant carbon footprint reduction.

Major industry players are actively engaging in strategic partnerships to fortify their positions within the ethoxylates market. For instance, LanzaTech Global Inc and Dow recently formed a partnership aiming to introduce new biodegradable surfactants in the home care market. By leveraging their expertise and resources, these collaborations facilitate the introduction of innovative, environmentally conscious products, further amplifying their market presence and reach.

In October 2021, Verdant Specialty Solutions, a prominent US-based manufacturer specializing in industrial-grade chemicals, successfully acquired Baze Chemical, with the transaction amount undisclosed. This strategic acquisition marks Verdant's ongoing expansion in manufacturing within the US market, while also establishing a significant presence as a trusted partner for specialty ethoxylation along the Gulf Coast. Additionally, this acquisition serves to diversify Verdant's array of offerings by expanding its portfolio of surfactants and other specialized chemistries tailored for the energy and industrial sectors. Baze Chemical, also based in the US, brings valuable expertise and assets in chemical manufacturing. Verdant Specialty Solutions' acquisition of Baze Chemical strengthens its position as a reliable partner in specialty ethoxylation services and underscores its commitment to offering an extended range of chemistries to cater to the evolving needs of the energy and industrial segments.

Major companies operating in the ethoxylates market report are BASF SE, Huntsman International LLC, Clariant AG, Sasol Limited, Ineos Group Ltd., Nouryon, Evonik Industries AG, Mitsui Chemicals Inc., Royal Dutch Shell PLC, Stepan Company, The Dow Chemical Company, India Glycols Ltd., Solvay S.A., Arkema S.A., Saudi Basic Industries Corporation (SABIC), PJSC Nizhnekamskneftekhim, Akzo Nobel N.V., Croda International PLC, Procter & Gamble Company, Unilever PLC, Lubri-Graph Corporation, PTT Global Chemical Public Company Limited, Lion Corporation, Galaxy Surfactants Pvt. Ltd., Tianjin Bohai Chemical Industry Group Corporation, Aarti Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Jiahua Chemicals Inc., Kao Corporation, DuPont de Nemours Inc., and Taiwan NJC Corporation.

Asia-Pacific was the largest region in the ethoxylates market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ethoxylates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products derived from ethoxylates include alcohol, fatty amine, fatty acid, ethyl ester, glyceride, and others. Alcohol ethoxylates, for instance, are a subgroup generated when fatty alcohol reacts with ethylene oxide, resulting in a molecule featuring a hydrophilic polyoxyethylene chain and a carbon-rich fatty alcohol segment. These compounds find applications across multiple industries including household, personal care, institutional, industrial cleaning, pharmaceuticals, agrochemicals, oilfield chemicals, and more. They are utilized in diverse end-use products such as detergents, personal care items, ointments, emulsions, herbicides, insecticides, foam control agents, wetting agents, lubricants, emulsifiers, and various other formulations.

This report provides ethoxylates market statistics, including ethoxylates industry global market size, regional shares, competitors with an ethoxylates market share, detailed ethoxylates market segments, market trends and opportunities, and any further data you may need to thrive in the ethoxylates industry. This ethoxylates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ethoxylates market consists of sales of lauryl alcohol ethoxylates, sodium ethoxylated alcohol, tridecyl alcohol ethoxylates, oleyl amine ethoxylate, and cetostearyl alcohol ethoxylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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