The global alcohol ethoxylates market size
is expected to reach USD 7.45 Billion by 2025, according to a new report by Grand
View Research, Inc. The market is expected to witness growth at 4.2% CAGR.
Rising demand for fatty alcohol ethoxylates owing to their biodegradable
properties is expected to drive the market growth over the forecast period. The
use of the product in the production of advanced detergents, emulsions and
pharmaceutical products is expected to drive growth.
The price of the product closely
follows the raw material cost thereby imparting a volatility in the prices. In
addition, rising substitution of other ethoxylates by environmentally friendly
alcohol ethoxylates is expected to drive growth over the forecast period.
Presence of a large number of
companies involved in product manufacturing is expected to benefit the industry
growth. Major players in the market are involved in implementing new product
introduction and capacity increases as the major strategies driving market
growth. In addition, the production of advanced formulation solutions is
expected to provide the necessary impetus to the market growth.
The product use is expected to be
advocated by the softening stand of the regulatory agencies towards the use of
the product in applications that involve direct human contact. Presence of
minimal regulations in high consuming economies such as India and China is
expected to drive the market growth over the forecast period.
U.S. alcohol ethoxylates market revenue, by product, 2014
- 2025 (USD Million)
Browse full research report on Alcohol
Ethoxylates Market
Further key findings from the report suggest:
- Fatty alcohol
ethoxylates segment emerged as the largest segment accounting for 37.4% of
the global revenue in 2016 on account of superior properties that aid in
cleaning in household and industrial applications
- The demand
for the product for emulsifiers is expected to register a growth of 4.5%
from 2017 to 2025 due to high stabilizing characteristics of oil-water
emulsions provided by the such products
- The demand
for alcohol ethoxylates for cleaning applications accounted 53.2% of the
revenue in 2016 and is expected to register growth on account of
industrial development coupled with heightened adoption by major players
- The market
for alcohol ethoxylates in North America is expected to grow at a CAGR of
4.4% from 2017 to 2025 on account of the rising demand for low rinse and
low foam detergents in industrial and household applications
- Key market
players lay high emphasis on the development of advanced product and
employ price discrimination as a strategy to attract consumers
For more information: http://www.grandviewresearch.com
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