Global Methyl Ester Ethoxylate Market 2017-2021
About Methyl Ester Ethoxylate
Ethoxylates are organic compounds that are made by treating alcohol with ethylene oxide in the presence of a catalyst, such as potassium hydroxide. Ethoxylates are used as intermediates in the manufacture of surface cleaners, detergents, cosmetics, and paints. Ethoxylates are used widely in industrial applications because of their excellent properties of formulation, high water solubility, low toxicity, and excellent wetting ability.
Technavio’s analysts forecast the global methyl ester ethoxylate market to grow at a CAGR of 3.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global methyl ester ethoxylate market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of MEE 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 Methyl Ester Ethoxylate Market 2017-2021
Technavio recognizes the following companies as the key players in the global methyl ester ethoxylate market: Huntsman International, INEOS, Jet Technologies, Kuala Lumpur Kepong Berhad, and Lion Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is solvent-free sucrose ester surfactants. Surfactants are used in a wide range of applications, such as the manufacture of consumer goods, food-feed, industrial cleaners, and cosmetic products. Currently, most of the bio-based surfactants available in the market are lipid based. However, these surfactants contain polar moieties generated from fossil resources.”
According to the report, one driver in the market is growth in urban population. Ongoing economic development in India, Malaysia, Vietnam, China, and other emerging economies in APAC and other regions such as the Middle East, Africa, and South America has led to urbanization and increase in disposable income of consumers, which has led to an increase in their purchasing power. In addition, changing lifestyle preferences, population growth, and rapid modernization have contributed to the rising demand for MEE.
Further, the report states that one challenge in the market is slow manufacturing process of MEE for vegetable oil surfactants. MEE is also a vegetable-oil-based surfactant. It is manufactured by reacting the oil derived from palm nuts, soybeans, and coconuts with ethylene oxide using the G2 catalyst, which is a patented by Huntsman. The reaction is slow as the catalytic reaction yields low reacting capacities for vegetable oil surfactants. The resulting end-product is methyl ester ethoxylate, a naturally derived surfactant. Non-ionic surfactants comprise nearly 40% of the total and are among the fastest growing surfactants due to their compatibility in blends and efficacy in liquid formulations.
Huntsman International, INEOS, Jet Technologies, Kuala Lumpur Kepong Berhad, and Lion Corporation.
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