Pune, 25, Nov 2022: According to Maximize Market Research, a leading Material & Chemical consultancy business, the Global Alkoxylates Market size was valued at USD 7.20 Bn. in 2021, and total Alkoxylates revenue is expected to grow at a CAGR of 5.4% from 2022 to 2029, reaching about USD 10.97 Bn. The report contains information on industry trends, significant sectors, and possible investments in various areas, as well as supply and demand networks, geographical circumstances, and competitive pressures.
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Alkoxylates Market Scope and Research Methodology
The analysis of the Alkoxylates Market focused on the market’s overall drivers, prospects, challenges, constraints, and current trends. The Alkoxylates Market research report covers new product releases, biomedical engineering, major competitors, industrial chain structure, industry overview, industry national policy, planning analysis, and the most recent dynamic analysis. For market estimation and forecasting, the bottom-up method is applied. Data were collected from a wide sample using both primary and secondary research approaches to validate the findings.
Alkoxylates Market Overview
Alkoxylates are chemical substances that are generated when fatty hydrocarbons are alkoxylated with ethylene oxide, propylene oxide, and butylene oxide. It performs a number of roles such as wetting agent, cleaning agent, surfactant, stabilizing agent, and others, allowing it to be utilized in a wide range of end-use industries such as cosmetics and personal care, consumer products, paints and coatings, medications, and others. Alkoxylates are also available in a number of forms, such as fatty acid ethoxylates, alkyl phenol alkoxylates, sorbitan ester alkoxylates, and others. These kinds have several applications in the personal care, oil, gas, and consumer products sectors. As a result, increasing end-user applications boost global demand for alkoxylates, driving the alkoxylates market growth over the forecast period.
Alkoxylates Market Dynamics
Because of their low or no volatile organic compound (VOC) levels, biodegradable and organic ethoxylated goods have gained widespread appeal due to rising consumer awareness of efficient and ecologically friendly products. Similarly, as customers’ purchasing power for premium alkoxylate items has risen, producers have prioritized enhancing the manufacturing capacity of natural and ecologically friendly goods. The growth in global energy demand has boosted crude oil exploration and drilling activities in oil-rich locations, where ethoxylate and alkoxylate are commonly used as corrosion and scale inhibitors to prevent scale formation in pipelines and other drilling equipment. This might be one of the primary factors driving the growth of the alkoxylates market in the expanding oil and gas industry.
However, severe government rules limiting the use of nonylphenol may considerably limit the market growth of alkoxylates. Additionally, because some alkoxylates are hazardous, adequate care must be taken during the manufacturing process. As a result of the surge in crude oil prices, ethoxylation costs have risen, placing excessive pressure on product pricing margins. During the forecast period, these factors would drive the growth of the alkoxylates market. These factors are responsible for increasing alkoxylate sales across a wide range of end-use sectors, providing the alkoxylate market with profitable opportunities.
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Alkoxylates Market Segmentation
By Grade
- Natural Ethoxylates
- Synthetic Ethoxylates
By Type
- Fatty Acid Ethoxylates
- Alkyl Phenol Ethoxylates
- Glycerin Alkoxylates
- Sorbitan Ester Alkoxylates
- Others
By Application
- Wetting Agents
- Cleaning Agents
- Detergents
- Stabilizers
- Surfactants
- Others
By End-Use Industry
- Agrochemicals
- Paints and Coatings
- Personal Care
- Pharmaceuticals
- Oil and Gas
- Others
Alkoxylates Market Regional Insights
In 2021, the Asia-Pacific region had the largest share of the global alkoxylates market. The region’s rapidly developing industrial sector, urbanization, and technology improvements are likely to create demand for industrial sectors. The rising demand for a wide range of consumer goods has led to the growth of industrial businesses where alkoxylates are used for corrosion protection in the oil and gas industry. This is expected to raise the alkoxylates market’s revenue in Asian industrial sectors.
Alkoxylates Market Key Competitors:
- 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)
- Solvay (Belgium)
- Croda International Plc,
- IMCD Group, Dow,
- Indorama Ventures Public Company Limited,
- Lamberti S.p.A.,
- PCC Group,
- Schärer and Schläpfer AG
- Mitsui Chemicals
- Arkema S
- VENUS ETHOXYETHERS PVT.LTD.
- Oxiteno
- Shell Chemicals
- SABIC
- Saibaba Surfactants P Ltd.
- Sasol Ltd
- Akzo Nobel N.V.
Key questions answered in the Alkoxylates Market are:
- What are Alkoxylates?
- What is the growth rate of the Alkoxylates Market during the forecast period?
- What is the nature of competition in the Alkoxylates Market industry in developed economies and developing economies?
- Who are the key players in Alkoxylates Market?
- Who are the market leaders in Alkoxylates Market in Europe?
- Who are the market leaders in Alkoxylates Market in USA and Canada?
- Who are the market leaders in Alkoxylates Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in Alkoxylates Market?
- Who held the largest market share in Alkoxylates Market?
- What are the factors for the growth of the Asia-Pacific region in the Alkoxylates Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Product, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Vinyl Cyclohexane Market: Vinyl Cyclohexane Market was valued at USD 57.6 Million in 2021 and is expected to reach USD 87.07 Million by 2029, exhibiting a CAGR of 5.3% during the forecast period (2022-2029). The growth of the global polymer industry, as well as potential product applications in polymerization, is driving the growth of the vinyl cyclohexane market.
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