The global alkoxylates market has grown strongly in recent years. It will grow from $7.25 billion in 2023 to $7.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth observed in the historical period can be attributed to various factors, including increasing demand from diverse industries, adherence to environmental regulations, population growth, urbanization, a shift towards green chemistry practices, and changing consumer preferences.
The global alkoxylates market is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to several factors, including the development of customized formulations, innovation in packaging materials, alignment with sustainable development goals (SDGs), a growing demand in the healthcare sector, and an increased use of alkoxylates in agrochemicals. Major trends expected in the forecast period include the influence of e-commerce, the adoption of renewable resources, a consumer shift towards eco-friendly products, the impact of stricter environmental standards, and the growth of alkoxylates in water treatment applications.
The upward trajectory in the demand for oil and gas is poised to significantly drive the growth of the alkoxylates market. The oil and gas industry encompasses various processes from resource exploration to refining finished products. Alkoxylates play a vital role in this sector as corrosion inhibitors and co-emulsifiers, meeting essential needs in oil and gas operations. With the burgeoning demand for oil and gas, the market for alkoxylates is expected to expand. For instance, as reported by the International Energy Agency in August 2021, global oil demand was projected to increase by an average of 5.3 million barrels per day, reaching 96.2 million barrels per day in 2021. Moreover, the global gas demand saw a substantial 3.6% increase in 2021, expected to further rise by 7% by 2024. This surge in demand for oil and gas is a prime driver behind the growth of the alkoxylates market.
The heightened demand for personal care products is set to propel the growth of the alkoxylates market. Personal care products, which encompass skincare, haircare, and oral care items, rely on alkoxylates as essential cleansing agents in shampoos, body washes, and facial cleansers. The rising consumer expenditure on personal care products further corroborates this trend. For instance, the Bureau of Labor Statistics recorded a notable 12.3% increase in average consumer expenditure on personal care products, reaching $866 in 2022 from $771 in 2021. This surge in demand underscores the pivotal role of alkoxylates in personal care product formulations, driving the growth of the alkoxylates market.
Product innovation stands out as a prominent trend in the alkoxylates market. Key industry players are fervently focused on developing novel and innovative solutions to strengthen their market positioning. As exemplified by Oxiteno's launch of OXITIVE 8000 in June 2022, this new dispersant agent reduces viscosity while maximizing pigment load and tinting strength. Notably, it is compatible with waterborne and alkyd solvent-borne decorative systems, presenting a lower impact on final coating properties for pigment concentrates prepared with OXITIVE 8000. This innovative approach underscores the trend of introducing advanced solutions to meet evolving industry needs, fostering growth within the alkoxylates market.
Major companies in the alkoxylates market are at the forefront of innovation, introducing pioneering products like Bio-Attributed Ethylene Oxide (EO) to cater to evolving customer needs. Bio-Attributed Ethylene Oxide (EO) plays a pivotal role as a raw material for producing ethoxylates used in various applications such as detergents, thickeners, solvents, and plastics. In July 2022, INEOS, a Switzerland-based chemicals company, unveiled Bio-Attributed Ethylene Oxide (EO), presenting a groundbreaking solution. This innovative product provides a 100% substitution of fossil feedstock on a mass balance basis, effectively consuming it internally during the production of intermediates like glycols, ethanolamines, glycol ethers, and ethoxylates. Moreover, Bio-Attributed Ethylene Oxide (EO) offers substantial environmental benefits, delivering a greenhouse gas saving of over 100% when compared to conventionally produced Ethylene Oxide (EO). This innovation reflects a significant step towards sustainability and efficiency within the alkoxylates market.
In November 2022, Celanese Corporation, a prominent US-based materials company, made a strategic move by acquiring DuPont de Nemours, Inc.'s Mobility and Materials business for $11 billion. Celanese Corporation's acquisition aims to optimize its portfolio and expand its presence in engineered materials. DuPont de Nemours, Inc., renowned for manufacturing alkoxylates, possesses expertise and resources in this sector, making this acquisition a strategic addition to Celanese's business landscape. This move showcases the industry's strategic alignment, where companies seek to enhance their capabilities and expand into new segments to better serve market demands and ensure sustained growth.
Major companies operating in the alkoxylates market report are The Dow Chemical Company, BASF SE, Clariant AG, Croda International Plc., Huntsman International LLC, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, Kuala Lumpur Kepong Berhad OLEO, Lamberti S.p.A., Stepan Company, Jiahua Chemicals Inc., Royal Dutch Shell PLC, Ineos Group Limited, Ethox Chemicals, Kaiser Industries Ltd., Venus Ethoxyethers Pvt. Ltd., IMCD Group, Indorama Ventures Public Company Limited, Poludniowy Koncern Chemiczny Group, Schärer & Schläpfer AG, Sasol Ltd., Nouryon, Novozymes A/S, Oxiteno, India Glycols Ltd., Chemtura Corporation, Setre Chemical Company, Nippon Shokubai Co. Ltd., Kao Corporation
Asia-Pacific was the largest region in the alkoxylates market in 2023. The regions covered in the alkoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alkoxylates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of alkoxylates include fatty acid, alcohol, fatty amine, glyceride-based, and methyl ether. Fatty acids are hydrocarbon chains terminated with carboxylic acid groups. Different grades of alkoxylates, such as natural ethoxylates and synthetic ethoxylates, are utilized for various applications, including cleaning agents, emulsifying agents, detergents, dispersing agents, and wetting agents.
This report provides alkoxylates market statistics, including alkoxylates industry global market size, regional shares, competitors with alkoxylates market share, detailed alkoxylates market segments, market trends, and opportunities, and any further data you may need to thrive in the alkoxylates industry. This alkoxylates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The alkoxylates market consists of sales of fatty alcohol alkoxylates, dodecyl ethoxylation alcohol, ethoxylated alcohol and castor oil polyoxyethylene. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global alkoxylates market is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to several factors, including the development of customized formulations, innovation in packaging materials, alignment with sustainable development goals (SDGs), a growing demand in the healthcare sector, and an increased use of alkoxylates in agrochemicals. Major trends expected in the forecast period include the influence of e-commerce, the adoption of renewable resources, a consumer shift towards eco-friendly products, the impact of stricter environmental standards, and the growth of alkoxylates in water treatment applications.
The upward trajectory in the demand for oil and gas is poised to significantly drive the growth of the alkoxylates market. The oil and gas industry encompasses various processes from resource exploration to refining finished products. Alkoxylates play a vital role in this sector as corrosion inhibitors and co-emulsifiers, meeting essential needs in oil and gas operations. With the burgeoning demand for oil and gas, the market for alkoxylates is expected to expand. For instance, as reported by the International Energy Agency in August 2021, global oil demand was projected to increase by an average of 5.3 million barrels per day, reaching 96.2 million barrels per day in 2021. Moreover, the global gas demand saw a substantial 3.6% increase in 2021, expected to further rise by 7% by 2024. This surge in demand for oil and gas is a prime driver behind the growth of the alkoxylates market.
The heightened demand for personal care products is set to propel the growth of the alkoxylates market. Personal care products, which encompass skincare, haircare, and oral care items, rely on alkoxylates as essential cleansing agents in shampoos, body washes, and facial cleansers. The rising consumer expenditure on personal care products further corroborates this trend. For instance, the Bureau of Labor Statistics recorded a notable 12.3% increase in average consumer expenditure on personal care products, reaching $866 in 2022 from $771 in 2021. This surge in demand underscores the pivotal role of alkoxylates in personal care product formulations, driving the growth of the alkoxylates market.
Product innovation stands out as a prominent trend in the alkoxylates market. Key industry players are fervently focused on developing novel and innovative solutions to strengthen their market positioning. As exemplified by Oxiteno's launch of OXITIVE 8000 in June 2022, this new dispersant agent reduces viscosity while maximizing pigment load and tinting strength. Notably, it is compatible with waterborne and alkyd solvent-borne decorative systems, presenting a lower impact on final coating properties for pigment concentrates prepared with OXITIVE 8000. This innovative approach underscores the trend of introducing advanced solutions to meet evolving industry needs, fostering growth within the alkoxylates market.
Major companies in the alkoxylates market are at the forefront of innovation, introducing pioneering products like Bio-Attributed Ethylene Oxide (EO) to cater to evolving customer needs. Bio-Attributed Ethylene Oxide (EO) plays a pivotal role as a raw material for producing ethoxylates used in various applications such as detergents, thickeners, solvents, and plastics. In July 2022, INEOS, a Switzerland-based chemicals company, unveiled Bio-Attributed Ethylene Oxide (EO), presenting a groundbreaking solution. This innovative product provides a 100% substitution of fossil feedstock on a mass balance basis, effectively consuming it internally during the production of intermediates like glycols, ethanolamines, glycol ethers, and ethoxylates. Moreover, Bio-Attributed Ethylene Oxide (EO) offers substantial environmental benefits, delivering a greenhouse gas saving of over 100% when compared to conventionally produced Ethylene Oxide (EO). This innovation reflects a significant step towards sustainability and efficiency within the alkoxylates market.
In November 2022, Celanese Corporation, a prominent US-based materials company, made a strategic move by acquiring DuPont de Nemours, Inc.'s Mobility and Materials business for $11 billion. Celanese Corporation's acquisition aims to optimize its portfolio and expand its presence in engineered materials. DuPont de Nemours, Inc., renowned for manufacturing alkoxylates, possesses expertise and resources in this sector, making this acquisition a strategic addition to Celanese's business landscape. This move showcases the industry's strategic alignment, where companies seek to enhance their capabilities and expand into new segments to better serve market demands and ensure sustained growth.
Major companies operating in the alkoxylates market report are The Dow Chemical Company, BASF SE, Clariant AG, Croda International Plc., Huntsman International LLC, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, Kuala Lumpur Kepong Berhad OLEO, Lamberti S.p.A., Stepan Company, Jiahua Chemicals Inc., Royal Dutch Shell PLC, Ineos Group Limited, Ethox Chemicals, Kaiser Industries Ltd., Venus Ethoxyethers Pvt. Ltd., IMCD Group, Indorama Ventures Public Company Limited, Poludniowy Koncern Chemiczny Group, Schärer & Schläpfer AG, Sasol Ltd., Nouryon, Novozymes A/S, Oxiteno, India Glycols Ltd., Chemtura Corporation, Setre Chemical Company, Nippon Shokubai Co. Ltd., Kao Corporation
Asia-Pacific was the largest region in the alkoxylates market in 2023. The regions covered in the alkoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alkoxylates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of alkoxylates include fatty acid, alcohol, fatty amine, glyceride-based, and methyl ether. Fatty acids are hydrocarbon chains terminated with carboxylic acid groups. Different grades of alkoxylates, such as natural ethoxylates and synthetic ethoxylates, are utilized for various applications, including cleaning agents, emulsifying agents, detergents, dispersing agents, and wetting agents.
This report provides alkoxylates market statistics, including alkoxylates industry global market size, regional shares, competitors with alkoxylates market share, detailed alkoxylates market segments, market trends, and opportunities, and any further data you may need to thrive in the alkoxylates industry. This alkoxylates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The alkoxylates market consists of sales of fatty alcohol alkoxylates, dodecyl ethoxylation alcohol, ethoxylated alcohol and castor oil polyoxyethylene. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Alkoxylates Market Characteristics3. Alkoxylates Market Trends and Strategies31. Global Alkoxylates Market Competitive Benchmarking32. Global Alkoxylates Market Competitive Dashboard33. Key Mergers and Acquisitions in the Alkoxylates Market
4. Alkoxylates Market - Macro Economic Scenario
5. Global Alkoxylates Market Size and Growth
6. Alkoxylates Market Segmentation
7. Alkoxylates Market Regional and Country Analysis
8. Asia-Pacific Alkoxylates Market
9. China Alkoxylates Market
10. India Alkoxylates Market
11. Japan Alkoxylates Market
12. Australia Alkoxylates Market
13. Indonesia Alkoxylates Market
14. South Korea Alkoxylates Market
15. Western Europe Alkoxylates Market
16. UK Alkoxylates Market
17. Germany Alkoxylates Market
18. France Alkoxylates Market
19. Italy Alkoxylates Market
20. Spain Alkoxylates Market
21. Eastern Europe Alkoxylates Market
22. Russia Alkoxylates Market
23. North America Alkoxylates Market
24. USA Alkoxylates Market
25. Canada Alkoxylates Market
26. South America Alkoxylates Market
27. Brazil Alkoxylates Market
28. Middle East Alkoxylates Market
29. Africa Alkoxylates Market
30. Alkoxylates Market Competitive Landscape and Company Profiles
34. Alkoxylates Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on alkoxylates market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for alkoxylates? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Fatty Acid; Alcohol; Fatty Amine; Glyceride-Based; Methyl Ether2) By Grade: Natural Ethoxylates; Synthetic Ethoxylates
3) By Application: Cleaning Agents; Emulsifying Agents; Detergents; Dispersing Agents; Wetting Agents
Key Companies Mentioned: The Dow Chemical Company; BASF SE; Clariant AG; Croda International Plc.; Huntsman International LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Dow Chemical Company
- BASF SE
- Clariant AG
- Croda International Plc.
- Huntsman International LLC
- Solvay S.A.
- Akzo Nobel N.V.
- Evonik Industries AG
- Kuala Lumpur Kepong Berhad OLEO
- Lamberti S.p.A.
- Stepan Company
- Jiahua Chemicals Inc.
- Royal Dutch Shell PLC
- Ineos Group Limited
- Ethox Chemicals
- Kaiser Industries Ltd.
- Venus Ethoxyethers Pvt. Ltd.
- IMCD Group
- Indorama Ventures Public Company Limited
- Poludniowy Koncern Chemiczny Group
- Schärer & Schläpfer AG
- Sasol Ltd.
- Nouryon
- Novozymes A/S
- Oxiteno
- India Glycols Ltd.
- Chemtura Corporation
- Setre Chemical Company
- Nippon Shokubai Co. Ltd.
- Kao Corporation
Methodology
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