[138 Pages Report] The Ethoxylates Market was valued at USD 10.16 billion in 2015 and is projected to reach USD 12.37 billion by 2021, at a CAGR of 3.33% from 2016 to 2021. The global ethoxylates market is segmented on the basis of type, end-use industry, and region.
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- Rapid Growth in Ethoxylates Market Due to High Demand in Developing Regions
- Ethoxylates Market, By Type
- Ethoxylates Market in Europe, By Type and Country
- Ethoxylates Market Attractiveness
Alcohol ethoxylates accounted for the largest share of the overall ethoxylates market in 2015. It is also projected to register the highest CAGR from 2016 to 2021. The major factor driving the demand for alcohol ethoxylates is, its environment friendliness as compared to other ethoxylates, as these are easily biodegradable. The strict environmental regulations in Europe and U.S. are expected to drive the demand for alcohol ethoxylates in these two regions.
The demand for Ethoxylates in the pharmaceutical industry is projected to register the highest CAGR during the forecast period. The positive economic growth, and flourishing healthcare industry in the Asia-Pacific region and some regions of Africa and South America are expected to drive the demand for ethoxylates in this industry. The growing household & personal care industry due to the growing disposable incomes of consumers around the world, is also expected to drive the global ethoxylates market.
Europe is the largest ethoxylates market, while the Asia-Pacific region is expected to be the largest and fastest-growing ethoxylates market. Growing end-use industries in the Asia-Pacific region, such as household & personal care and agrochemicals, improving lifestyle of consumers, accompanied by the development of new technologies and products, is projected to make it a major ethoxylates market.
Some of the major players operating in the global ethoxylates market are, BASF SE (Germany), Royal Dutch Shell Plc (Netherlands), Huntsman International LLC (U.S.), Stepan Company (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Sasol Ltd (South Africa), India Glycols Ltd. (India), and Ineos Group Ltd. (Switzerland), and Solvay (Belgium). Most of the companies have adopted expansions as their development strategy to strengthen their positions in the global ethoxylates market.
This research study also includes a detailed segmentation of the global ethoxylates market based on type, end-use industry, and region. Apart from the market segmentation, this report also adopts the Porter’s Five Forces analysis for an in-depth analysis of the market dynamics such as drivers, restraints, and opportunities.
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