Ethoxylates Market – Market Overview
Ethoxylates are organic compounds which are produced through treatment of phenols & alcohols under presence of pottasium hydroxide as a catalyst. Majorly extracted through addition of ethylene oxide to compounds consisting of disassociated protons. Demand for Ethoxylates is driven by Household & personal care industries which accounted majority of the revenue overall market revenue in 2016. Significant rise in cosmetics and personal care product consumption in emerging economies of Asia Pacific and Latin America such as China, India, Brazil, Mexico, Thailand, Indonesia, and Malaysia is set to uplift market growth over the next six years. Presence of advanced healthcare facilities coupled with rising income levels is further anticipated to influence industry growth positively. Overall application scope of Ethoxylates includes household & personal Care, industrial & institutional cleaning, agrochemicals, oilfield chemicals, pharmaceuticals and others. Cleaning application to provide lucrative growth gains over the forecast period and drive market growth.
Asia Pacific is the largest market for the Ethoxylates, both in terms of production as well as consumption. The region has acquired largest6 shares as of 2016, with a dynamic CAGR and is likely to grow in a similar manner. Booming pharmaceutical production across the North America as well as Europe also to support the regional growth in both of this region. Being a leading healthcare market, North America has a widely available medical as well as pharmaceutical resources and the factor to avail growth advantage to this region.
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Ethoxylates Market- Competitive Landscape
The major players operating in this market includes BASF SE, Royal Dutch Shell PLC, The Dow Chemical Company, Huntsman International LLC, AkzoNobel N.V., Evonik Industries AG, Mitsui Chemicals Inc., SABIC, Sasol, INEOS Group Limited, Solvay S.A., and Arkema among others.
There has been substantial revenue growth for selected Ethoxylates companies, particularly those located in Asia or those with major operations in Asia. This is result of an increased domestic demand within Asian countries, as well as an overall rise in Ethoxylates demand across the globe. The Ethoxylates Market is a specialized market, with most companies producing more than one type of composite.
Industry/ Innovation/ Related News:
June 2016 – Foremost chemical industry specialty material producer Evonik Industries has commercialized the biosurfactants: the specialty chemicals company was the first in the world to use biotech methods for producing industrial-scale quantities of high- quality surfactants, which is a key component of modern shampoos, shower gels, and household cleansers. The newly added bio surfactants are added to bridge increasing demand form the personal care industry, especially, in cleansing product application. As per the MRFR analysis, analysts have given the overall conclusion, that commercialization of bio surfactants will help to recognise the additional demand generated for Ethoxylates.
February 1, 2018 – Global chemical industry leader as well as specialty material producer BASF SE has announce the expansion of production capacity of alkyl polyglucosides. The expansion proposal will be done in two production plants at Ohio based plant as well as in China based plant. As per the one of the board member of the BASF, this investment will avail them to cater new formulation in mild surfactants, specifically in personal care applications. Furthermore, increasing focus on the surfactants expected to have positive impact on production capacities of Ethoxylates.
November 4, 2014 – Clariant has launched innovative surfactants with some of the additional effects. The newly added series is named as GLUCOTAIN, and has made the existing product line even stronger. The company is the global leader in the specialty chemicals and has added the new surfactants series by aiming the new growth potential in the personal care industry. New added series has outstanding mildness and very good cleaning performance for skin and hair. Addition of the new products in the existing line is expected to offer new growth prospects for Ethoxylate as a surfactants group. GLUCOTAIN is sugar based surfactants and offers sensory benefits.
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