Alkoxylates Market: Global Industry Analysis and Forecast (2022-2029) by Grade, Type Application, End-Use Industry, and Region

The Alkoxylates Market size was valued at USD 7.20 Bn. in 2021 and the total Alkoxylates revenue is expected to grow at a CAGR of 5.4% from 2022 to 2029, reaching nearly USD 10.97 Bn.
Alkoxylates Market Overview:
Alkoxylates are chemical compounds formed by the alkoxylation of fatty hydrocarbons with ethylene oxide, propylene oxide, and butylene oxide. It serves as a wetting agent, cleaning agent, surfactant, stabilizing agent, and other functions, allowing it to be used in a variety of end-use sectors such as cosmetics and personal care, consumer products, paints and coatings, medicines, and others. In addition, alkoxylates come in a variety of forms, including fatty acid ethoxylates, alkyl phenol alkoxylates, sorbitan ester alkoxylates, and others. These types have a wide variety of uses in the personal care, oil, gas, and consumer products industries. As a result, the rising end-user applications increase the demand for alkoxylates, globally and drive the alkoxylates market growth during the forecast period.

Increasing awareness regarding efficient and environmentally friendly products has risen the wide acceptance of biodegradable and organic ethoxylates products, owing to their minimal or no volatile organic compounds (VOCs) levels. Likewise, as customers' purchasing power for premium alkoxylate goods has increased, producers have placed a greater emphasis on improving the production capacity of natural and environmentally friendly goods. The rise in global energy demand has increased crude oil exploration and drilling activity in oil-rich regions, where ethoxylate and alkoxylate are widely utilized as corrosion and scale inhibitors to prevent scale development in pipelines and other drilling equipment. This might be one of the main factors driving the growth of the alkoxylates market in the increasing oil and gas industry.

However, stringent government regulations governing the use of nonylphenol may significantly restrict alkoxylates market growth. Additionally, because some alkoxylates are toxic, sufficient precautions must be taken during the production process. As a result, the rise in crude oil prices has resulted in higher ethoxylation costs, putting undue pressure on product pricing margins. These factors are indeed driving the growth of the alkoxylates market during the forecast period. These factors are responsible for growing alkoxylate sales across a variety of end-use industries, offering the profitable potential for the alkoxylate market.

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Alkoxylates Market Dynamics:
High demand for low-rinse detergents

Low-rinse detergents are becoming increasingly popular in a variety of applications. The amount of foam created by detergents does not correspond with their cleaning ability, however, it has been demonstrated that low-foaming detergents can be more effective cleansers than high-foaming detergents. Low-rinse detergents are becoming increasingly popular since they do not ionize in solution and hence have no electrical charge, and they are resistant to hardness. Companies are working on producing low-rinse solutions, such as methyl ester ethoxylates since they generate less foam, which helps to reduce water consumption. Front-loading washing machines, automated dishwashing machines, and rinse aids like low-foaming detergents. Ethoxylates are mostly non-ionic surfactants, therefore as the demand for non-rinse detergents rises, as a result, it also increases the need for ethoxylates and drives the alkoxylates market revenue growth.

Growing demand for Eco-friendly products

Environmental concerns about the toxicity of various ethoxylates are rapidly increasing. Manufacturers, in particular, should prioritize the production of environmentally acceptable ethoxylate goods. The major alternative for these harmful ethoxylates is alcohol ethoxylates (AEs). AEs are a type of non-ionic surfactant that is manufactured and utilized all over the world. The use of AE in laundry and cleaning detergents is safe, according to human health risk assessments. AE has excellent performance qualities in a wide range of applications. They are easily biodegradable, as opposed to NPEs, making them a favored choice for producers. Many governments across the world have set stringent regulations on the usage of toxic ethoxylates. As a result, Alcohol ethoxylates have a chance to dominate the market in such countries and these countries are the potential region for the alkoxylates market growth.

Stringent Government Regulations and the high cost of raw materials

Stringent government rules and regulations pertaining to the use and sale of chemicals might constrain the alkoxylates market growth during the forecast period. Additionally, the dangerous nature and properties of certain alkoxylates cause manufacturers to be particularly careful throughout the manufacturing process, eventually generating room for additional alternatives, and, as a result, these factor is expected to restrain the alkoxylates market growth.

The majority of market participants involved in alkoxylates manufacturing are backward integrated and focused on sustainable ethylene oxide sourcing, hence lowering manufacturing costs, as the raw material is the largest expense incurred in the production process. Additionally, ethylene oxide demand is higher in other industries such as car, agricultural, food, paints, and plastics, which may result in an unbroken supply of raw material, proving to be a significant market restriction for the alkoxylates market growth.
Alkoxylates Market Segment Analysis:
Based on Grade, the synthetic ethoxylates segment held the largest revenue share in 2021 and is expected to grow at a CAGR of 5.2% during the forecast period. Alcohol ethoxylates are a family of chemicals formed by the interaction of fatty alcohol with ethylene oxide, resulting in a molecule composed of two parts: a carbon-rich, fatty alcohol and a hydrophilic, polyoxyethylene chain. Ethoxylates are synthesized utilizing ethylene oxide, propylene oxide, and a variety of different oxidants and catalysts. Synthetic ethoxylates have good wetting properties, a low odor, and are biodegradable. The basic components of synthetic ethoxylates are ethylene oxide, propylene oxide, glycerin, and sorbitan ester.

When oily substances are exposed to water or any surface, the surfactant effect of this ethoxylated alcohol is visible. These alcohol ethoxylates exhibit a variety of qualities, including great detergency, high and low foaming, and ethoxylates which are fast surface-wetting agents. These ethoxylated alcohols are used as detergents, wetting agents, emulsifiers, degreasers, and emollients in a variety of commercially accessible products. This ethoxylated alcohol also has a wide range of commercial applications, including Home & Personal Care, Agrochemicals, Paints & Coatings, Oil & Gas, and Industrial & Institutional Cleaning. There is expected to increase in segment demand and drive the Alkoxylates market growth during the forecast period.

Synthetic ethoxylates based on sorbitan ester are utilized as emulsifiers, and a mixture with nonethoxylated equivalents increases emulsification capabilities. As a result, sorbitan ester-based ethoxylates are widely utilized as emulsifying agents, which is the primary market trend. Additionally, it may utilize in consumer items as well as various industrial applications such as textiles, personal care formulation, and so on. Synthetic ethoxylates based on glycerin are mostly utilized as antifoam agents in the paper, textile, and ad pottery industries. All of these factors contribute to the increased demand for synthetic ethoxylates and drive the Alkoxylates market revenue growth.

Based on Type, the fatty acid ethoxylates segment dominated the global Alkoxylates market in 2021 and is expected to maintain its dominance at the end of the forecast period. Ethoxylation of fatty acids such as coconut fatty acid, lauric acid, stearic acid, and oleic acid produces fatty acid ethoxylates. These are the non-ionic surfactants created by adding ethylene oxide to fatty acids. It's a transparent liquid with a pasty, waxy solid ingredient. Additionally, fatty acid ethoxylate is a nonionic surfactant with high foam characteristics and solubility, as well as improved chemical stability and superior detergency capabilities, making it extensively utilized in a variety of end-use industries.

Fatty acid ethoxylates have various properties such as dispersants, solubilizers, emulsifiers, antistatic additives fabric softeners, lubricants, and viscosity regulators, due to which it is predominately used in the textile industry for the fabrication process. Additionally, the market for alkoxylates-based fatty acid ethoxylates has been driven by rising consumer demand, changes in lifestyle, an increase in disposable income, and an increase in the desire for natural and ecologically friendly goods. Moreover, because of its low toxicity and long-term viability, it is mostly utilized in cosmetics and pharmaceutical formulations of various skin care items and medications in the pharmaceutical industry.


Based on Application, the surfactant segment held the largest share in terms of revenue in 2021 and is expected to dominate the Alkoxylates market at the end of the forecast period. Surfactants are surface active agents with wide applications in a variety of industries. Additionally, they contribute to the reduction of water and surface tension. Surfactants are fundamental cleansing agents used in laundry, cleaning goods, and personal care products. Also, fatty alcohol ethoxylate is a non-ionic surfactant that is mostly utilized in household and industrial laundry detergents. Various alkoxylate-based surfactants are used in industrial applications. Additionally, factors such as increasing manufacturing industries in both developed and emerging economies such as the United States, China, and India drive the growth of fatty alcohol ethoxylates, which are widely utilized in the ethoxylation of industrial surfactants. These factors are expected to drive the Alkoxylates market growth globally. Besides that, increased consumer awareness, lifestyle changes, and a rise in the FMCG industry are significant growth drivers for surfactants, which have a wide range of uses in the consumer goods sector.

Based on End-Use Industry, the personal care segment is expected to grow at the highest CAGR of 5.6% in the forecast period. The personal care segment includes a wide range of skincare products, and alkoxylate plays an important role in raising potential sales in the personal care and beauty care market. As alkoxylate is a good source of preservatives and biocide, it is utilized in the production of cosmetics, lotions, creams, and other items. Increased population, urbanization, improved living standards, changing lifestyles, and increased emphasis on the personal care & beauty care industry has increased demand for natural and synthetic ethoxylates, with synthetic fatty alcohol ethoxylates being used as moderate foaming agents in personal care products for the production of different skin care products such as body soaps, lotions, face creams, and perfumes. This is expected to raise alkoxylate demand in the cosmetics business and drive the alkoxylates market revenue size.
Alkoxylates Market Regional Insights:
The Asia-Pacific region dominated the global alkoxylates market with the highest share in terms of value and volume in 2021. The region is further expected to grow at a CAGR of 5.3% and maintain its dominance at the end of the forecast period. The rapidly growing industrial sector, urbanization, and technological advancements in the region are expected to increase the demand for industrial sectors in the region. The growing demand for a broad variety of consumer goods has led to the growth of manufacturing industries where alkoxylates are utilized for corrosion prevention purposes in the oil and gas industry. This is expected to increase the revenue of the alkoxylates market in Asian industrial sectors.

Indian market is expected to hold the largest Alkoxylates market share at the end of the forecast period. The oil and gas sector is one of India's eight key industries, and it has a significant impact on all other critical sectors of the economy. Because India's economic growth is strongly tied to its energy needs, the demand for oil and gas is expected to rise, making the industry very lucrative for investment. As of 2021, India remained the world's third-largest user of oil. Rapid growth in the economy leads to higher outputs, which raises the demand for oil for production and transportation. On the strength of ongoing healthy economic growth, India's energy consumption is expected to increase faster than the energy demand of other major countries globally. Additionally, the country's proportion of global primary energy consumption is expected to double by 2035. As a result, India's increasing oil and gas industry is expected to increase the alkoxylates market growth throughout the forecast period.

In addition, India has experienced significant growth in the alkoxylates market in the agrochemical sector. According to an article released in January 2021 by the India Brand Equity Foundation, the agrochemicals industry in India is expected to grow at an 8% CAGR to reach US$ 3.7 billion by FY22 and US$ 4.7 billion by FY25. The exponential increase in the global population leads to an increase in overall demand for food, and growing its contribution to the global food trade has resulted in the growth of the agriculture industry across the globe.

The alkoxylates are mostly utilized as adjuvants to protect crops and promote soil porosity and structure. This is expected to raise potentially alkoxylate sales in the agricultural sector. Additionally, the pharmaceutical business has been one of Japan's fastest-growing industries, thanks to an increase in R&D activities, breakthroughs in medical technology, and an increase in production plants. Because alcohol ethoxylates are non-toxic and biodegradable, they are utilized as stabilizing ingredients in drug delivery systems. This is expected to drive the alkoxylates market during the forecast period.
Alkoxylates Market Scope: Inquiry Before Buying



Alkoxylates Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 7.20 Bn.


Forecast Period 2022 to 2029 CAGR:
5.4%
Market Size in 2029:
US $ 10.97 Bn.


 Segments Covered:
by Grade
• Natural Ethoxylates
• Synthetic Ethoxylates


by Type
• Fatty Acid Ethoxylates
• Alkyl Phenol Ethoxylates
• Glycerin Alkoxylates
• Sorbitan Ester Alkoxylates
• Others


by Application
• Wetting Agents
• Cleaning Agents
• Detergents
• Stabilizers
• Surfactants
• Others


by End-Use Industry
• Agrochemicals
• Paints and Coatings
• Personal Care
• Pharmaceuticals
• Oil and Gas
• Others



Alkoxylates Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Alkoxylates Market Key Players are:
• BASF SE (Germany)
• Royal Dutch Shell Plc (Netherlands)
• Huntsman International LLC (U.S.)
• Stepan Company (U.S.)
• Clariant AG (Switzerland)
• The Dow Chemical Company (U.S.)
• Sasol Ltd (South Africa)
• India Glycols Ltd. (India)
• Ineos Group Ltd.(Switzerland)
• Solvay (Belgium)
• Croda International Plc,
• IMCD Group, Dow,
• Indorama Ventures Public Company Limited,
• Lamberti S.p.A.,
• PCC Group,
• Schärer and Schläpfer AG
• Mitsui Chemicals
• Arkema S
• VENUS ETHOXYETHERS PVT.LTD.
• Oxiteno
• Shell Chemicals
• SABIC
• Saibaba Surfactants P Ltd.
• Sasol Ltd
• Akzo Nobel N.V.

FAQs:

1. What are the growth drivers for the Alkoxylates market?
Ans. The Increasing awareness regarding efficient and environmentally friendly products has risen the wide acceptance of biodegradable and organic ethoxylates products, owing to their minimal or no volatile organic compounds (VOCs) levels, which are expected to be the major driver for the Alkoxylates market.

2. What is the major restraint for the Alkoxylates market growth?
Ans. The stringent government regulations governing the use of nonylphenol are expected to be the major restraining factor for the Alkoxylates market growth.

3. Which region is expected to lead the global Alkoxylates market during the forecast period?
Ans. The Asia-Pacific market is expected to lead the global Alkoxylates market during the forecast period due to the rapidly growing industrial sector, urbanization, and technological advancements in the region, growing demand for a broad variety of consumer goods has led to the growth of manufacturing industries where alkoxylates are utilized for corrosion prevention purposes in the oil and gas industry.

4. What is the projected market size & growth rate of the Alkoxylates Market?
Ans. The Alkoxylates Market size was valued at USD 7.20 Bn. in 2021 and the total Alkoxylates revenue is expected to grow at a CAGR of 5.4% from 2022 to 2029, reaching nearly USD 10.97 Bn.

5. What segments are covered in the Alkoxylates Market report?
Ans. The segments covered in the Alkoxylates market report are Grade, Type Application, End-Use Industry, and Region.