Key Players in the Market: BASF SE (Germany), Shell Chemicals (Netherlands), Huntsman International LLC (U.S.), Stepan Company (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.)
(PRWEB) April 15, 2015
The report Ethoxylates Market defines and segments the market with an analysis and forecast for types, & applications by volume as well as value.
Browse 68 market data tables and 55 figures spread through 135 pages and in-depth TOC on “Ethoxylates Market".
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The ethoxylates market is projected to register a CAGR of 3.19% between 2014 and 2019 to reach $11,657.2 million.
“Household & personal care, and pharmaceutical to be the largest applications for the ethoxylates market”
Ethoxylates have a large number of applications ranging from household & personal care, and I&I products, textile, and construction. Ethoxylates are the major raw material used to manufacture household and personal care products. Household & personal care, and pharmaceutical collectively accounted for more than 69.6% share in terms of value in 2013. Increase in demand of household & personal care, and I&I products is mainly due to growing disposable income and rising awareness among people. Growth will be partly driven by turnaround in these key markets and increasing need for ethoxylates in these applications.
“Alcohol ethoxylates to have the highest growth”
Alcohol ethoxylate is the major type of ethoxylates, and had the largest market share of 48.6% in terms of volume, in 2013. The demand for alcohol ethoxylates and methyl ester ethoxylates is increasing on account of their environment-friendly features as they are easily bio-degradable unlike some ethoxylates.
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“Natural Ethoxylates will continue to dominate the market”
Natural Alcohol Ethoxylates are the major type of alcohol ethoxylates. They capture a major market share of 68.5% of the total ethoxylates market in 2014. Natural fatty alcohol ethoxylates has a larger share of alcohol ethoxylates market in Asia-Pacific region. This is mainly due to wide availability of palm oil and coconut oil especially in South East Asian countries of Malaysia and Indonesia. Growing demand has led to many players in the region to set up new and expand their existing plants to produce natural alcohol ethoxylates.
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