The value of the global alcohol ethoxylates market is projected to register a CAGR of 4.5% over the forecast period of 2024 to 2032. Increasing demand for industrial & institutional and domestic cleaners of superior quality is anticipated to fuel market expansion over the forecast period. In addition, the application industries' increased need for biodegradable surfactants is anticipated to boost market expansion. The demand for lauryl alcohol ethoxylates in industrial & institutional and domestic detergents for cleaning applications is anticipated to propel market expansion. During the projected period, the demand for low foam and low rinse products is anticipated to expand. In addition, the good biodegradability of the aforementioned product is anticipated to increase demand over the following eight years. Personal care has been significantly impacted by COVID-19; despite a growing awareness of the importance of cleanliness and personal care in reducing the risk of contracting the virus, there was an insufficient supply of these goods on the market. Increasing industrial demand for cleaners is the primary driver driving the researched market during the medium term. During the forecast period, the expansion of the personal care industry is also anticipated to increase demand for alcohol ethoxylates. The environmental impact generated by the products is a significant barrier to the market for alcohol ethoxylated. Asia-Pacific led the global market, with China and India accounting for the majority of consumption.
Increasing Demand from the Segment of Soaps and Detergents
Alcohol ethoxylates are processed further or employed as active ingredients in a variety of regularly used cleaning products, such as laundry detergents. Their surfactant qualities enhance cleaning by lowering the surface tension between the wash water and dirt on clothing or dishes, so facilitating the removal of dirt from wastewater. Personal care items, such as shampoos, as well as industrial and institutional cleaning products contain alcohol ethoxylated. According to the International Association of Soaps, Detergents, and Maintenance Products, there are around 700 manufacturing facilities in the European detergent market, which has a substantial impact on the worldwide soaps and detergents market. The category of soaps and detergents is expanding at a quick rate due to rising healthcare consciousness. The leading soap-producing and exporting nations are Germany, the United States, China, Japan, and Malaysia. The top five exporting nations account for about 35% of overall soap exports. According to the International Association of Soaps, Detergents, and Maintenance Goods, the value of the European market for soaps, detergents, and maintenance products in 2019 is 38 billion euros. Due to the spread of the COVID-19 virus, regional self-care awareness has increased in 2020, resulting in a minor expansion of the market. In consequence, it is anticipated that the aforementioned factors will drive the need for alcohol ethoxylates in the soap and detergent market in the future years.
Availability of Cheaper Alternatives Challenging the Market Growth
Despite its hopeful outlook, the alcohol ethoxylates business is confronted with numerous obstacles that significantly inhibit its expansion. One of these factors is the availability of cheaper alternatives. Diverse businesses continue to use nonylphenol ethoxylates in the manufacturing of detergents, soaps, and other cleaning agents. This is becoming a significant barrier to the expansion of the alcohol ethoxylates business. Similarly, the volatility of raw material prices hinders the expansion of the alcohol ethoxylates market.
Fatty Alcohol Ethoxylates Dominated the Product Segment
Due to their outstanding cleaning characteristics in domestic and industrial applications, fatty alcohol ethoxylates remained the largest market in 2021 Due to the low toxicity of the chemicals, they have a wide range of industrial cleaning uses. In the personal care business, the usage of the product in cream bases is anticipated to drive growth over the projection period. In industrial applications, the demand for innovative low-foaming detergents and cleaners is anticipated to propel the expansion of the lauryl alcohol ethoxylates market. Due to the number of carbon atoms connected to the chemical makeup, the product is available in both colorless liquid and water-soluble white waxy physical states. Numerous applications, including emulsification, industrial and institutional cleaners, and agricultural chemicals, make substantial use of the substance. Both natural and synthetic sources can be used to produce linear alcohol ethoxylates, which are widely used in cleaning applications. Utilization of the product in detergent formulations and low to insignificant levels of toxicity associated with the product are anticipated to fuel market expansion during the forecast period. Major manufacturers, such as Stepan Company and Evonik AG, produce substantial quantities of linear alcohol ethoxylates for use in a variety of industrial applications. The products display a high level of primary and ultimate biodegradability, with around 80% disintegration in approximately 25 days, which explains their widespread acceptance by major consumers around the world.
Emulsifier to be the Fastest Growing Market
Due to the product's high oil-water emulsion stabilizing properties, demand for the product as an emulsifier is anticipated to increase by 4.8% during the forecast period of 2024 to 2032. The increased consumption of paints and industrial coatings is predicted to drive the need for the items as dispersing agents. Due to the expansion of the building and construction industry, the market for tridecyl alcohol ethoxylate is anticipated to expand. In addition, the improved stabilizing activity of the items in dispersions is anticipated to fuel expansion. High demand for fatty alcohols as wetting agents due to their exceptional low-foaming properties is anticipated to drive market expansion. Over the projection period, the demand for branched alcohol ethoxylates for hard surface wetting agents is anticipated to be the primary growth driver.
Metalworking Remains the Largest End User Segment
Due to its outstanding performance in oil-based emulsions utilized in such formulations, the product is widely employed in metalworking fluids, accounting for 13% of the market revenue in 2021. The metalworking sector requires a large number of fluids for cutting, drawing, forging, drilling, and rolling, among other processes. The use of fluids in such operations reduces the wear and tear produced by friction. Utilization of the product in the de-inking of waste paper is anticipated to increase the product's market share in the paper and pulp sector. The segment's modest consumption of alcohol ethoxylates has a negligible impact on market dynamics. The introduction of modern technology gadgets has lowered the demand for paper, hence decreasing the product's demand. Over the forecast period, demand for the product in the pharmaceutical industry is anticipated to emerge as one of the key growth factors. Pharmaceutical formulations such as creams, lotions, and ointments employ the goods extensively. The product's superior performance and emulsification qualities are anticipated to drive demand over the projection period. Utilizing alcohol ethoxylates for waxes improves the stability of wax emulsions, which accounts for increased product usage. As a pigment dispersion, the substance is also utilized in the paint business. The rise of the construction industry is anticipated to be the industry's primary growth driver over the projection period.
APAC to Remain as the Global Leader
The Asia-Pacific region is the largest market for alcohol ethoxylates, with areas such as soaps and detergents, personal care, and industrial and institutional cleaning anticipated to increase in the future years. Asia-Pacific is also anticipated to be the fastest-growing market throughout the projected period, because of the rising demand for personal care products in China, India, and ASEAN nations. India and China are the world's largest consumers of soaps and detergents. The consumption of soaps and detergents in the world's two most populous countries, both of which are rising, is predicted to increase over the forecast period. This consumption is anticipated to increase the need for alcohol ethoxylates during the next few years. The China Personal Care market is among the world's major personal care marketplaces. The revenue of the Chinese personal care market was approximately $65 billion in 2020. The revenue of the Indian personal care market reached USD 4.3 billion in 2020, an increase of over 15% compared to 2019. The Indian market for personal care is predicted to develop at a CAGR of 10% between 2023 to 2030 according to Acute Market Reports. During the projected period, the market in the region is expected to be driven by the increasing demand from several industries.
As the demand for low rinse and low foam detergents increases in North America, the sector is likely to expand. Increasing demand for industrial cleaners in the region, fuelled by the presence of a large number of manufacturers, is anticipated to fuel expansion throughout the forecast period. Europe's market accounted for 20% of the global revenue in 2021, driven by the product's widespread use and the continent's highly developed industrial sector. Given the increasing maturity of application industries in the region, it is anticipated that the market will grow at a moderate rate.
Market Competition to Intensify During the Forecast Period
The global alcohol ethoxylate market is highly competitive and fragmented. The biggest corporations include, among others, Sasol, BASF SE, Clariant, Royal Dutch Shell plc, Nouryon, and Huntsman International LLC. The market is extremely competitive due to the presence of numerous multinational corporations throughout the world's main economies. Utilizing a combination of manufacturing facilities and sales offices, the businesses operate in several locations. Multiple sales locations across the operational region distribute the goods via direct distribution and third-party distribution agents, respectively. To enhance their annual revenues, the corporations offer the product at competitive pricing. In addition, the development of improved ethoxylates with low VOC content by leading producers is anticipated to fuel market expansion over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Alcohol Ethoxylates market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
