Global Alcohol Ethoxylates Market 2017-2021
About Alcohol Ethoxylates
Ethoxylates are organic compounds that are made by the treatment of alcohol with ethylene oxide (EO) in the presence of catalysts like potassium hydroxide. Ethoxylates are used as intermediates in the production of surface cleaners, detergents, cosmetics, and paints. The textile processing, paints and coatings, agriculture, pulp and paper, and personal care industries are some of the major end-users of ethoxylates. Ethoxylates are used widely in various industrial applications because of their excellent properties such as high water solubility, low toxicity, good formulation, and excellent wetting ability.
Technavio’s analysts forecast the global alcohol ethoxylates market to grow at a CAGR of 3.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global alcohol ethoxylates market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Alcohol Ethoxylates Market 2017-2021
Technavio recognizes the following companies as the key players in the global alcohol ethoxylates market: BASF, Evonik, Huntsman International, Shell, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Acme-Hardesty Company, Clariant, GUJCHEM, HELM, India Glycols, INEOS, Mistral Industrial Chemicals, Procter & Gamble, Rimpro-India, SABIC, Saibaba Surfactants, Sasol, Solvay, Shree Vallabh Chemicals, Stepan Company, and Venus Ethoxyethers.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new product developments. NPEOs were widely used as surfactants for emulsion polymerization and latex stabilization. In Europe, NPEOs gave rise to environmental concerns and some industry associations had already proactively taken measures to phase out these chemicals in their products.”
According to the report, one driver in the market is increasing use of alcohol ethoxylates. Alcohol ethoxylates are primarily used to manufacture detergents, personal care and household products, and institutional and industrial cleaning products. Alcohol ethoxylates are biodegradable in nature. They are widely preferred by consumers, particularly in Europe and North America. The increase in the use of the ethoxylates in shampoos, conditioners, soaps, and house cleaners will propel the market demand during the forecast period. The substitution of NPEOs with alcohol ethoxylates in various applications, including detergents and cleaning products is expected to have a positive impact on the market during the forecast period.
Further, the report states that one challenge in the market is fluctuating crude oil prices. Ethoxylates are derived from petrochemicals. These are manufactured by ethoxylation of petroleum products. Petrochemicals prices are dependent on crude oil prices, as these are byproducts of crude oil. The fluctuating crude oil prices have severely affected the prices of raw materials, affecting the costs of the production of ethoxylates. According to the US Energy Information Administration (EIA), the crude oil price for Brent was around $82 per barrel in 2010, but the price decreased by nearly 25% in 2012. The price of crude oil per barrel decreased at a rate of nearly 70% in the year 2016. This price is expected to fluctuate during the forecast period.
BASF, Evonik, Huntsman International, Shell, The Dow Chemical Company, Acme-Hardesty Company, Clariant, GUJCHEM, HELM, India Glycols, INEOS, Mistral Industrial Chemicals, Procter & Gamble, Rimpro-India, SABIC, Saibaba Surfactants, Sasol, Solvay, Shree Vallabh Chemicals, Stepan Company, and Venus Ethoxyethers.