According to a research report by Grand View Research, Inc.; the global ethoxylates market is projected to reach a valuation of around USD 14.75 billion by 2025. The marker is expected to register a healthy growth rate of nearly 3.5% during the forecast period i.e., from 2017 to 2025. This growth is attributed to the rising demand from personal care products and detergents due to exceptional cleansing properties of ethoxylates. In addition, extensive usage of ethoxylates as an ingredient in emulsions and ointments in the pharmaceuticals sector is also anticipated to drive the growth over the next few years. Moreover, high demand for ethoxylates-based insecticides and herbicides to enhance the crop yield is also expected to contribute toward expansion of the global market.
Furthermore, rapid technological developments in the field of metal manufacturing is projected to result in an increased demand for ethoxylates as a constituent of the metal working fluid formulations for foam control. The growing product demand in industrial applications as a wetting agent is also expected to drive the development of the global market. Various properties of ethoxylates such as low rinse, high oxidation resistance, and superior de-emulsification have enabled its usage in petroleum refining. This factor is likely to have a positive impact on the growth of the global market over the next few years.
Browse In-depth Insights: www.grandviewresearch.com/industry-analysis/ethoxylates-market
The global ethoxylates market is categorized on the basis of product type, end use, application, and region. On the basis of product type, the market is further divided into fatty amine ethoxylates, alcohol ethoxylates, glyceride ethoxylates, ethyl ester ethoxylates, fatty acid ethoxylates, and others. On the basis of end use, the market is divided into personal care products, foam control and wetting agents, detergents, insecticides, herbicides, lubricants and emulsifiers, emulsions and ointment, and others.
On the basis of application, the market for ethoxylates is segregated into pharmaceutical, oilfield chemicals, household and personal care, agrochemicals, institutional and industrial cleaning, and others. The pharmaceuticals segment is projected to reach a valuation of around USD 909.0 million by 2025. This growth can be attributed to the rising usage of ethoxylates for better quality emulsifiers for the production of emulsions and ointments. On the basis of geographies, the market is divided into Europe, North America, Central and South America, Middle East and Africa (MEA), and Asia Pacific.
The North America regional market is anticipated to have a sustainable development during the forecast period as a result of an extensive usage of personal care products by consumers in this region. In addition, high disposable income of the consumers and the rising willingness to spend on household cleaning and personal care products are also projected to have a major impact on the regional growth. Moreover, highly supportive regulations by the Food and Drug Administration (FDA) regarding the product usage is also expected to boost the ethoxylates market growth in near future.
The Asia Pacific region accounted for around 31.1% of the overall market share on account of high product consumption in various nations, particularly in Australia, India, China, and Japan. The region is anticipated to witness the maximum growth over the forecast years due to the presence of emerging economies such as China, India, South Korea, and Japan. In addition, rapidly expanding manufacturing plants of various cleansing products due to availability of low-cost labor is also said to fuel the market growth in this region. Furthermore, escalating demand for ethoxylates due to the growing consumer sector in India and China is also likely to spur regional market development over the forecast period.
The major companies operating in the global ethoxylates market include E.I. du Pont de Nemours and Company; INEOS Group Holding S.A.; Huntsman International LLC; Evonik Industries AG; Mitsui Chemicals, Inc.; and Royal Dutch Shell PLC. Most of the pioneers in this field focus on product and technology development in order to expand their business and global presence.
Access Full Press Release Of This Report: https://www.grandviewresearch.com/press-release/global-ethoxylates-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment