The global alcohol ethoxylates market was valued at $5,154 million in 2014, and it is estimated to grow at a significant CAGR of 3.1% during 2016-2022. The global alcohol ethoxylates market is segregated on the basis of raw materials type, including natural and synthetic raw materials. In 2014, synthetic raw materials dominated the global alcohol ethoxylates market in the raw material type segment. In the upcoming scenario, synthetic raw materials growth rate is expected to slow down as compared to the natural raw materials due to the prevalence of stringent government regulations in North America and Europe. Moreover, rising demand from various end-user industries for natural raw materials such as coconut oil, palm oil, and tallow oil is anticipated to positively influence the growth of this market in the coming years. The market can further be bifurcated on the basis of applications including pharmaceutical, oilfield, household & personal care, agrochemicals, and others. Amongst the various applications, Household & Personal care application holds the largest market share of around 40% in the global alcohol ethoxylate market in the application segment. Changing lifestyle of consumers, especially in Asia Pacific countries i.e. China & India. In agriculture sector, alcohol ethoxylates are used as emulsifiers for sprays. They are not affected either by any kind of pH changes or hard water, and thus, can best serve as nonionic surfactants for agriculture use. The alcohol ethoxylates market is dominated by some major companies such as Huntsman International LLC, Shell Chemicals, Clariant AG, BASF SE, The Dow Chemical Company, and Air Products & Chemicals Inc.
The alcohol ethoxylates market is majorly driven by increasing consumer demand for low-rinse detergents and rising application in end-user industries. Alcohol ethoxylates are widely used in washing detergents, both industrial and domestic. They are significantly used for formulation of floor-cleaners, wax stripper liquid, laundry-detergent formulations, and hand washing or waterless hand cleaner formulations. They are used as cleaning and wetting agents in agriculture, textile, cosmetics, oil, and various other process industries. However, one of the key application of alcohol ethoxylates are in textile and cosmetic industries for emulsification and solubilizing agent. In textile industry, alcohol ethoxylates are used for finishing, scouting, lubricating and dyeing the fabrics. Moreover, alcohol ethoxylates in scouting operations includes cotton kier viscose boiling-off & soaping-off and wool-scouring. The chemical is considered best for dyeing cotton and plays a significant role as wetting agent that penetrates through the textile and assists in dyeing in its applications in textile sector. However, volatile raw material prices are expected to hinder the growth of the global alcohol ethoxylates market. Increasing R&D and technological advancements are anticipated to create significant growth opportunities for this market.
The report segments the global alcohol ethoxylates market on the basis of raw materials type, applications, and regions. The country level analysis of each geographical region is the USP of our report. The analysis of the report is based on various parameters such as production of alcohol ethoxylates by major companies and demand across various end-user industries. The data is collected through primary and secondary research. The report provides detailed analysis of major market players and their strategies.