Global Ethoxylates Market 2017-2021
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. Furthermore, ethoxylates are used as emulsion stabilizers during the processing of emulsion polymers, floor polish, and wax because they rapidly dissolve and provide ionic stability to the emulsion.
Technavio’s analysts forecast the global 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 ethoxylates market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of ethoxylates from various types across various segments.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ethoxylates Market 2017-2021
Technavio recognizes the following companies as the key players in the global ethoxylates market: BASF, Clariant, Huntsman, Solvay, and The Dow Chemical Company.
Other Prominent Vendors in the market are: DONGNAM, EMCO Dyestuff, India Glycols, J.C. Enterprises, LAFFANS Petrochemicals, Nikko Chemicals, Omni Impex Goa, P&G Chemicals, Royal Dutch Shell,Saibaba Surfactants, Stepan, TRISTAR INTERMEDIATES, Triveni Chemicals,Venus Ethoxyethers, and Wuhan Oxiran Special Chemicals.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum 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. Therefore, the European Union Commission recommended the implementation of a risk reduction strategy, which saw the ban on all applications leading to direct emissions of NPEOs in wastewater and strict emission controls for all other technical processes using NPEOs as surfactants. The effectiveness of the risk reduction measures is being monitored by authorities.”
According to the report, one of the major drivers for this 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.
Further, the report states that one of the major factors hindering the growth of this 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.
BASF, Clariant, Huntsman, Solvay, The Dow Chemical Company, DONGNAM, EMCO Dyestuff, India Glycols, J.C. Enterprises, LAFFANS Petrochemicals, Nikko Chemicals, Omni Impex Goa, P&G Chemicals, Royal Dutch Shell,Saibaba Surfactants, Stepan, TRISTAR INTERMEDIATES, Triveni Chemicals,Venus Ethoxyethers, and Wuhan Oxiran Special Chemicals.
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