The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Alkoxylates Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Alkoxylates Industry (2024-2030):
According to the latest report, The Alkoxylates Market is projected to grow at a CAGR of around 4.9% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Alkoxylates industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2024-30
· CAGR (2024-2030): 4.9%
What are the major Driver the Alkoxylates industry?
Substantial Demand Growth for Detergents & Cleaning Agents – In recent years, especially after the COVID-19 pandemic detergents & cleaning agents have witnessed a tremendous demand across the globe. To maintain hygiene in households & industries, many of the sectors are opting for them for cleaning purposes. This eventually boosted the demand for alkoxylates over the historical period. Moreover, the need for soaps & detergents has been driven due to the growing application in hospitals, hotels, and public toilets.
Also, surging tourists, public & private investments, and government initiatives are some of the factors resulting in the growth of the construction of hotels, hospitals, and public toilets. Thus, to cater to the global demand for soaps & detergents, manufacturing companies are focusing on increasing the production capabilities of their products. Hence, the growth in the production of detergents, and cleaning agents ultimately fuels the Global Alkoxylates Market during the forecast period.
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Alkoxylates Market Segmentation
The Alkoxylates Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Grade
- Natural
- Synthetic
- By Type
- Fatty Alcohol Alkoxylates
- Methyl Ether Alkoxylates
- Fatty Acid Alkoxylates
- Fatty Amine Alkoxylates
- Glycerine Alkoxylates
- Others (Tristyrylphenol Alkoxylates, PropyleneOxide Copolymers, etc.)
- By Application Type
- Wetting Agents
- Cleansing Agents
- Emulsifiers
- Dispersing Agents
- Demulsifiers
- Detergents
- Others (Solubilizers, etc.)
- By End Users
- Agrochemicals
- Paint & Coatings
- Personal Care
- Pharmaceuticals
- Oil & Gas
- Others (Papers, Textile, Ceramic, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
As per the regional aspect, the Alkoxylates Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Alkoxylates Market
Croda International PLC, BASF SE, Lamberti S.p.A., The Dow Chemical Company, ChemPoint.com Inc., Evonik Industries, Eastman Chemical Company, Clariant AG, LyondellBasell Industries Holdings B.V., Sasol Limited., Solvay S.A., Akzo Nobel N.V., Stepan Company, KLK OLEO., HUNTSMAN INTERNATIONAL LLC, Others,
Alkoxylates Industry Recent Development:
2023: BASF SE instigates its production capacity in Europe (Antwerp, Belgium, and Ludwigshafen, Germany) to produce Alkoxylate.
2023: Clariant AG announced to launch 100% bio-degradable surfactant range, increasing the transition towards renewable carbon.
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