May 24, 2024
Alcohol Ethoxylates Market

Alcohol Ethoxylates Market Booming Due to Rising Demand for Home Care Products

The global alcohol ethoxylates market has witnessed substantial growth in recent years owing to the wide applications of alcohol ethoxylates in various industries such as home care, agrochemicals, oilfield chemicals, and others. Alcohol ethoxylates are nonionic surfactants derived from alcohol that exhibit excellent cleaning properties by lowering the surface tension between two immiscible liquids. They are widely used as emulsifiers, wetting agents, dispersants, and detergents in products like industrial and institutional cleaners, laundry detergents, dish washing liquids, and cosmetics.

The Global Alcohol Ethoxylates Market is estimated to be valued at US$ 5.75 Bn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global Alcohol Ethoxylates Market Demand are AkzoNobel N.V., BASF SE, Clariant AG, Dow Chemical Company, E.I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, India Glycols Limited, Mitsui Chemicals, Inc., Sasol Limited, and Stepan Company. Key players such as BASF and Dow Chemical dominate the market owing to their wide product portfolio and global presence.

The growing demand for home care and personal care products is fueling the growth of the alcohol ethoxylates market globally. Alcohol ethoxylates acts as the most important ingredient in formulations of various home care products like detergents, soap bars, liquid soaps, disinfectants, etc. which is spurring the market growth.

Geographic expansion into developing economies of Asia Pacific and Latin America through mergers, acquisitions, partnerships is helping key players to consolidate their position in the global market. Expanding application scope into industrial and commercial sectors will further aid market expansion over the forecast period.

Market Key Trends

One of the key trends gaining traction in the alcohol ethoxylates market is the increasing demand for bio-based and plant-derived alcohol ethoxylates. Conventional alcohol ethoxylates are derived from non-renewable sources like natural gas and crude oil. However, growing environmental concerns and stringent regulations have shifted focus towards more sustainable surfactants obtained from renewable plant-based sources. Leading manufacturers are investing in R&D to develop greener alcohol ethoxylates using raw materials like sucrose, palm oil, coconut oil which will drive future growth.

Porter’s Analysis

Threat of new entrants: Alcohol ethoxylates have well established production processes and companies hold patents, making entry difficult. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative raw materials. Threat of new substitutes: Substitutes like alcohol alkoxylates and alcohol sulfates pose threat. Competitive rivalry: Intense competition due to large number of manufacturers.

Geographical Regions

North America dominates the global alcohol ethoxylates market in terms of value due to high demand from industries like cleaning, oilfield chemicals, pulp & paper, and agrochemicals. Asia Pacific is the fastest growing region for alcohol ethoxylates market driven by increasing industrialization and growth of end use industries in countries like China and India.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.