(MENAFN- ChemAnalysts) According to ChemAnalyst report, “Global Alkoxylates Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”. Global Alkoxylates market witnessed a strong demand in the past five years and is anticipated to achieve a healthy CAGR of 4.74% during the forecast period owing to its wide range applications in various areas including cleaning agents, emulsifying agents, detergents, stabilizers, dispersing agents, and wetting agents etc.
Alkoxylates are produced by the chemical process i.e., alkoxylation, where alkylene oxides such as Ethylene oxide, Propylene oxide etc. are reacted to hydrophobes to form Alkoxylates. Alkoxylates are of different types depending upon the chemical undergoing alkoxylation process. They are alcohol alkoxylates, fatty acid alkoxylates, fatty amines alkoxylates etc. Among the different type of alkoxylates, alcohol alkoxylates dominate the global market. Alkoxylates are wonderful foaming agents and find their application as wetting agents in detergents and soaps.
During the projected period, rising demand for detergents along with rising demand from other application areas is anticipated to fuel alkoxylate demand. As they are biodegradable and ecofriendly in nature their demand is continuously growing and expected to offer great opportunities for the expansion of Alkoxylates market in the forecast period. There are wide range of end use industries for Alkoxylates such as Paints and coatings, Pulp and Paper, Agrochemicals, textiles, Personal care, Pharmaceuticals, Detergents etc.
The global Alkoxylates market is segmented based on end-use, sales channel, and region. The major end use industries of the chemical compound based on its applications are 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 is anticipated to dominate the global Alkoxylates market in the forthcoming years.
Region wise, Europe holds the maximum demand share of the Alkoxylates market and is expected that its market would grow at a promising pace through 2030 owing to the rising awareness and demand for environment-friendly biodegradable materials. Asia Pacific is also a big consumer and with rapid urbanization, and huge demand of detergents and personal care items like shampoos, bodywashes, etc; anticipated to fuel the global Alkoxylates market. Additionally, China is the leading producer of electronics and consumer goods coupled with the second leading producer of packaging material, which is likely to fuel the market in the forecast period.
According to ChemAnalyst report, “Global Alkoxylates Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, Major players for Alkoxylates globally 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.
“Being linked to the Chemical, Textile, Personal Care and Pharmaceuticals which are continuously growing sectors owing to growing population and rapid industrialization, the demand for Alkoxylates is consequently increasing globally. Various chemical manufacturers are investing in the production of biodegradable alcohol Alkoxylates, fatty acid Alkoxylates, fatty amines Alkoxylates because of their wide range applications. This, in turn, is projected to drive the demand for Alkoxylates in the coming years. Additionally, factors such as relative cost effectiveness of the Alkoxylates coupled with the easy availability of raw material for their productions, are also expected to boost the global market for Alkoxylates in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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