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The alcohol ethoxylates market share is expected to increase by USD 1.16 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4%.
This alcohol ethoxylates market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers alcohol ethoxylates market segmentations by application (cleaners, metalworking fluids, paper processing, pharmaceuticals, and others) and geography (North America, Europe, APAC, and South America). The alcohol ethoxylates market report also offers information on several market vendors, including BASF SE, Clariant International Ltd., Evonik Industries AG, Huntsman Corp., INEOS Group Holdings SA, Royal Dutch Shell Plc, Sasol Ltd., Solvay SA, The Dow Chemical Co., and The Procter & Gamble Co. among others.
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The growing demand for household and personal care products is notably driving the alcohol ethoxylates market growth, although factors such as volatile prices of ethylene oxide may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the alcohol ethoxylates industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Alcohol Ethoxylates Market Driver
The growing demand for household and personal care products is a major factor driving the global alcohol ethoxylates market share growth. Alcohol ethoxylates are primarily used in personal care and household products such as shampoos, shower creams, bubble baths, bath soaps, detergents, dishwashing liquids, and cleaners. Their emulsifying properties help in cleaning skin and hair by mixing water with oil and dirt. They are increasingly used in personal care products due to their easy application and cooling effect on the skin. Alcohol ethoxylates are used as wetting agents as they exhibit low foaming property. They are preferred in cosmetics such as lipsticks, eyeliners, mascara, eyeshadows, and foundations as they provide wax emulsions to the product and improve the shelf life of these products. Therefore, there is a high demand for alcohol ethoxylates in the personal care and household segments.
Key Alcohol Ethoxylates Market Trend
The rising demand for biosurfactants is another factor supporting the global alcohol ethoxylates market share growth. The global biosurfactants market is expected to grow at a CAGR of 6.02% during the forecast period owing to the rising environmental concerns. Most of the manufacturers use traditional surfactants that do not degrade easily and are retained as industrial wastes in dumping areas. Bio-surfactants are biodegradable and non-toxic. They do not cause harmful physiological effects and perform better than traditional surfactants. Compared with bio-surfactants, traditional surfactants involve lower costs of production and are mainly used in the detergent and personal care industries. Major companies are switching to bio-surfactants such as alcohol ethoxylates due to the toxicity of these surfactants. These are non-toxic and biodegradable and exhibit the properties of synthetic surfactants. The rise in the demand for biosurfactants is expected to increase the consumption of alcohol ethoxylates during the forecast period.
Key Alcohol Ethoxylates Market Challenge
The volatile prices of ethylene oxide will be a major challenge for the global alcohol ethoxylates market share growth during the forecast period. Alcohol ethoxylates are prepared from raw materials such as alcohol and ethylene oxide, whereas ethylene oxide is derived mainly from crude oil. Volatile prices of crude oil have an adverse effect on ethylene oxide prices. Crude oil prices worldwide have been fluctuating for many years, and the fluctuation is expected to continue during the forecast period as well. When crude oil prices are high, producers use natural gas to manufacture ethylene oxide to increase profit margins. Volatile prices of ethylene oxide, in turn, have a direct impact on the price of alcohol ethoxylates.
This alcohol ethoxylates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global alcohol ethoxylates market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the alcohol ethoxylates market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the alcohol ethoxylates market encompasses successful business strategies deployed by the key vendors. The alcohol ethoxylates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The alcohol ethoxylates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the alcohol ethoxylates market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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