Market Size of Alcohol Ethoxylates Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 3.60 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Alcohol Ethoxylates Market Analysis
The Alcohol Ethoxylates Market size is estimated at 3.41 Million tons in 2024, and is expected to reach 4.07 Million tons by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
The market was negatively impacted due to COVID-19. Owing to the pandemic scenario, several countries around the world went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories has disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market has recovered from the COVID-19 pandemic and increasing at a significant rate.
- Over the short term, the growing personal care industry in the Asia-Pacific region, and increasing demand for industrial cleaners are driving the market over the forecasted period.
- However, increasing environmental concerns and volatility in raw materials costs are expected to have major limitations on the growth rate of the alcohol ethoxylates market during the projected period.
- Nevertheless, expansion of application base for bio-based surfactants and rising demand from the oil & gas, and paints and coatings industry are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region dominated the market globally, with the largest consumption coming from countries such as China and India, and this is expected to remain the same in the future.
Alcohol Ethoxylates Industry Segmentation
Ethoxylation is a chemical reaction, in which the ethylene oxide is added to a substrate, when the substrate is alcohol it becomes alcohol ethoxylate. Alcohol ethoxylate is generally used as a surfactant. The alcohol ethoxylates market is segmented by origin type, application, and geography. By origin type, the market is segmented into oleochemical and petrochemical. By application, the market is segmented into agricultural chemicals, industrial and institutional cleaning, personal care, paints and coatings, soaps and detergents, textile processing, and other applications. The report also covers the market size and forecasts for the alcohol ethoxylate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (tons).
Origin Type | |
Oleochemical | |
Petrochemical |
Application | |
Agricultural Chemicals | |
Industrial and Institutional Cleaning | |
Paints and Coatings | |
Personal Care | |
Soaps and Detergents | |
Textile Processing | |
Other Applications |
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Alcohol Ethoxylates Market Size Summary
The alcohol ethoxylates market is poised for growth, driven by the recovery from the COVID-19 pandemic and the increasing demand from various sectors. The market, which experienced disruptions due to global lockdowns, is now expanding, with significant contributions from the personal care industry in the Asia-Pacific region and the rising need for industrial cleaners. Despite challenges such as environmental concerns and fluctuating raw material costs, the market is expected to benefit from the expanding application of bio-based surfactants and growing demand in the oil and gas, and paints and coatings industries. The Asia-Pacific region, particularly China and India, continues to dominate the market, with these countries leading in consumption and anticipated growth.
Alcohol ethoxylates, particularly fatty alcohol ethoxylates, are essential non-ionic surfactants used extensively in personal care products, offering benefits like luxurious foam and superior cleansing. The increasing awareness of personal hygiene and the improving quality of life are driving the demand for these products, thereby boosting the alcohol ethoxylates market. The personal care sector, especially in regions like Europe and Brazil, is seeing a shift towards natural ingredients, creating opportunities for alcohol ethoxylates. The market is characterized by fragmentation, with major players like BASF SE, CLARIANT, Sasol, Nouryon, and Shell Plc actively expanding their production capacities to meet the growing demand.
Alcohol Ethoxylates Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Personal Care Industry in Asia-Pacific
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1.1.2 Increasing Demand for Industrial Cleaners
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Environmental Concerns
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1.2.2 Volatility in Raw Materials Costs
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Origin Type
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2.1.1 Oleochemical
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2.1.2 Petrochemical
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2.2 Application
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2.2.1 Agricultural Chemicals
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2.2.2 Industrial and Institutional Cleaning
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2.2.3 Paints and Coatings
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2.2.4 Personal Care
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2.2.5 Soaps and Detergents
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2.2.6 Textile Processing
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2.2.7 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Mexico
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2.3.2.3 Canada
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Alcohol Ethoxylates Market Size FAQs
How big is the Alcohol Ethoxylates Market?
The Alcohol Ethoxylates Market size is expected to reach 3.41 million tons in 2024 and grow at a CAGR of 3.60% to reach 4.07 million tons by 2029.
What is the current Alcohol Ethoxylates Market size?
In 2024, the Alcohol Ethoxylates Market size is expected to reach 3.41 million tons.