The ethoxylates market is expected to observe significant growth by 2027, primarily driven by the surging product demand across various application avenues.
After the COVID-19 outbreak, a proliferation in sales of home cleaning and personal care products was witnessed due to elevated hygiene standards required both in home and hospital settings. Subsequently, the ethoxylates market is forecast to see augmented adoption in the future.
Recently, several key manufacturers have been focusing on integrating plant derivatives into production processes in their efforts to build a circular economy.
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For instance, in March 2021, specialty chemicals company Clariant entered into a joint venture with India Glycols, a leading producer of bio-based ethylene. The joint venture has been established to manufacture ethoxylated surfactants in India using bio-based ethylene oxide.
For extensive assessment, the ethoxylates market has been segmented on the basis of product, application, and region.
Based on product, the market has further been divided into alcohol (synthetic alcohol ethoxylates and natural alcohol ethoxylates), fatty amine, methyl ester, fatty acid, and glyceride.
The natural alcohol ethoxylates alcohol sector is expected to account for over 55% share in the alcohol ethoxylates product segment by 2027. The synthetic alcohol ethoxylates alcohol segment is estimated to register sizable growth at a CAGR of over 4% through the forecast timeframe.
The methyl ester ethoxylates product sub-segment is projected to expand significantly through the forecast timeframe owing to the benefits offered by the product in cleaning agents, and detergents among others.
Methyl ester ethoxylates act as excellent emulsifiers and help in building viscosity in low active formulations, which is foreseen to improve segmental adoption across the personal care and household cleaning sector in the following years.
The glyceride product sub-segment is expected to witness steady growth by 2027, delivering a CAGR of above 2.5% through the assessment period.
Glyceride ethoxylates are effective and safe nonionic emulsifiers. They also find extensive usage in agrochemicals, which is expected to drive segmental growth through the coming years.
From the application perspective, the ethoxylates market has been bifurcated into household & personal care (industrial & institutional cleaning, laundry & dishwashing detergent, and personal care), agrochemicals (fungicides, herbicides, and insecticides), oil & gas (lubricants & emulsifiers and foam control & wetting agents), pharmaceuticals, and others.
The laundry & dishwashing detergent segment is estimated to grow significantly to hold more than 50% share in the household & personal care applications segment by the end of the forecast period.
The industrial & institutional cleaning segment is anticipated to expand steadily at a CAGR of more than 5% through the assessment timeframe.
The personal care segment is speculated to observe massive growth to contribute to more than 30% share in the household & personal care applications segment by 2027.
Under the agrochemicals sub-segment, the herbicide sub-segment is projected to see substantial growth between 2021 and 2027, expanding at a CAGR of over 3.5% through the forecast timeframe.
The fungicides sector share in the agrochemicals application segment is estimated to exceed 20% by the end of the assessment period.
The insecticides segment is expected to witness stable growth at a CAGR of more than 3% over the forecast timeframe.
The foam control & wetting agents oil & gas segment is projected to deliver notable growth by 2027, expanding at a CAGR of more than 4.5% through the coming years.
The lubricants & emulsifiers segment is speculated to account for over 40% share in the oil & gas application segment.
The pharmaceuticals segment is foreseen to witness substantial growth at a CAGR of more than 3.5% through the assessment timeframe.
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Ethoxylates find broad applications in products like pharmaceutical ointments, creams, and lotions, which is expected to further boost pharmaceutical segment expansion in the future.
The other application segment includes paints, textiles, leather etc. and is speculated to progress with a notable growth rate through the forecast years.
In the regional landscape, the LATAM market is projected to see sizable growth by 2027. Rapidly rising demand for household detergents across the area is foreseen to drive regional industry growth massively over the assessment period.
The MEA market is estimated to garner sizable market revenue by the end of the analysis timeframe. Increasing oil & gas production across the region, coupled with cost effectiveness of ethoxylates, is speculated to fuel regional market adoption substantially through the forecast period.