Global Alkoxylates Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), The Global Alkoxylates Market Size was valued at USD 7.83 billion in 2021 and is expected to reach USD 8.39 billion in 2022. is estimated to reach USD 12.32 billion by the end of 2030 at a CAGR of approximately 5.5% during the forecast period 2022-2030.

Alkoxylates are chemical compounds obtained by the addition of ethylene oxide, propylene oxide, and butylene oxide to fatty hydrocarbon through the alkoxylation process. It acts as a wetting agent, cleaning agent, surfactant, stabilizing agent, and others which are used in various end-use industries including cosmetics & personal care, consumer products, paints & coatings, pharmaceuticals, and among others. Furthermore, there are various types of alkoxylates such as fatty acid ethoxylates, alkyl phenol alkoxylates, sorbitan ester alkoxylates, and among others. These types have various applications in personal care, oil & gas, and consumer products.

Growth Factors.

The demand for alkoxylates has witnessed significant growth during the forecast period owing to its diversified range of applications in various end-use industries such as oil & gas, personal care, consumer sector, agrochemicals, and among others. Furthermore, ease of availability of raw material and suitability of alkoxylates in various end-use industries has potentially been driven by the market in upcoming years.

The key elements such as improvement in the standard of living, positive effect of beauty and personal care products on self-esteem, and rapid shift of consumers towards luxurious and premium cosmetic brands have spurred the personal care and cosmetic industry. For instance, according to an article published by Cosmetics Europe in the year 2021, the personal care industry is valued at €80 billion at a retail sales price of 2021. The VENUS ETHOXYETHERS PVT.LTD. offers lauryl alcohol ethoxylate which acts as an emulsifying agent and cleansing agent in the formulation of various skin and personal care products such as shampoo, creams, lotions, liquid detergents, solubilizers for fragrances, and among others.

On the contrary, increasing awareness for eco-friendly products has surged the popularity of biodegradable and natural ethoxylates products owing to their minimal or no volatile organic compounds (VOCs) levels.  In addition, manufacturers have put more emphasis on increasing the production capacities of natural and environmentally friendly products owing to the rise in consumers’ purchasing power towards expensive alkoxylate products. These factors are responsible for increasing the sales of alkoxylates in several end-use sectors; thus creating lucrative opportunities for the market.

Alkoxylates Market Segmentation.

Alkoxylates Market, segmented By Grade

Depending upon the grade, the alkoxylates market is segmented into natural ethoxylates and synthetic ethoxylates.

The natural ethoxylates grade segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 52%.

Natural ethoxylates find application in personal care and cosmetics due to the high demand for natural, non-toxic, and low organic content products. It is mainly used in the formulation of shampoos, lotions, conditioners, face creams, and among others. Natural ethoxylates have captured the overall market share and escalated the demand for alkoxylates during the forecast period.

Furthermore, synthetic ethoxylates also show significant growth during the forecast period.

Alkoxylates Market, a segment on the basis of Type

Based on type, the global alkoxylates market is studied across fatty acid ethoxylates, alkyl phenol ethoxylates, glycerin alkoxylates, sorbitan ester alkoxylates, and others. It is expected that the international fatty acid ethoxylates type segment to hold a dominant position during 2022 -2031 and accounted for 45% of the total market share during the forecast period.

Fatty acid ethoxylates possess various properties such as dispersants, solubilizers, emulsifiers, antistatic additives fabric softeners, lubricants, and viscosity regulators. It is predominately used in the textile industry for the fabrication process. In addition, growing consumer demand, changes in lifestyles, an increase in the disposable income among people, and rising demand for natural and environmentally friendly products have spurred the alkoxylates-based fatty acid ethoxylates market due to its low toxicity and sustainable nature it is mainly used in the cosmetics and pharmaceutical formulations of various skin care products and formulation of drugs in the pharmaceutical sector. These factors are escalating the alkoxylates market.

Furthermore, the alkyl phenol ethoxylates, sorbitan ester ethoxylates, and glycerin alkoxylate has shown positive growth during the forecast period. This is attributed to the fact that the growing demand for consumer products, agrochemicals, and the oil & gas sector has witnessed the growth of other types of alkoxylates.

Alkoxylates Market, a segment on the basis of Application

On the basis of an application, the global alkoxylates market is segmented into wetting agents, cleaning agents, detergents, stabilizers, surfactants, and, others. It is expected that the global surfactant application segment to hold a dominant position during 2022 -2031 with a market share of 28.23%.

Various alkoxylate-based surfactants find application in industrial sectors. In addition factors such as growing industrial sectors in both developed and developing economies such as the U.S., China, India, and others, which in turn, lead to the growth of fatty alcohol ethoxylates where it is extensively used in the ethoxylation process of industrial surfactant. These factors are expected to drive the overall market growth.

Moreover, detergents, stabilizers, and wetting agents have shown considerable growth during the forecast period.  Derivatives of alkoxylates are used as stabilizers in the oil & gas industry. In response to this, the growing population across the globe, improvement in the standard of living, and rise in demand for natural and synthetic detergents have escalated the alkoxylates market.

Alkoxylates Market, segmented by End-User

Depending upon the end user, the alkoxylates market is segmented into agrochemicals, paints & coatings, personal care, pharmaceutical, oil & gas, and others. It is expected that the global personal care ends user segment to hold a dominant position during 2022 -2031 with a market share of 24.56%.

The factors such as the rise in the population, urbanization, improvement in the standard of living, changing lifestyles, and increased focus in the personal care & beauty care industry have surged the demand for natural and synthetic ethoxylates where synthetic fatty alcohol ethoxylates are used as moderate foaming agents in personal care products for the formulation of various skin care products such as body soaps, lotions, face creams, perfumes, and many others. This is augmented to increase the demand for alkoxylate in the cosmetics industry.

Furthermore, agrochemicals, paints and coating, and other end-user segments showed considerable growth during the forecast period.  Alcohol alkoxylates such as decyl alcohol ethoxylate agrochemical products are used as herbicide adjuvants which are added to crop protection products for enhancing the efficiency of active ingredients and improving the overall performance of agrochemical products. These factors are expected to increase the overall market growth in the upcoming years.

The utilization of alkoxylates and ethoxylates has increased in the paint & coatings sector due to the rising population across the globe, growing demand for the residential and commercial sector, and increased demand from various end-use industries where alcohol ethoxylates are predominately used as an emulsifying agent in latex formulation and paint stabilization which helps in reducing particle size to prevent settling of the dispersed phase. This is anticipated to drive the demand for alcohol-based ethoxylates in the paints and coatings industry.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 7.83 billion
Projected Market Size in 2030	USD 12.32 billion
CAGR Growth Rate	5.5% CAGR (2022-2030)
Base Year	2023
Forecast Period	2024-2033
Prominent Players	Clariant AG, Croda International Plc, DOW, IMCD Group, Indorama Ventures Public Company Limited, Lamberti S.p.A., PCC Group, Schärer & Schläpfer AG, Solvay, Stepan Company, and Others
Key Segment	By Grade, Type, Application, End User, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the alkoxylates market with a total market share of 38% during the forecast period.

The utilization of alkoxylates has increased in the sectors such as personal care, pharmaceutical, oil and gas sector, and others. The exponential increase in the world’s population that leads to a rise in the proliferating demand for food and increasing its contribution to the world food trade has led to the growth of the overall agriculture sector. For instance, according to a report published by India-China Trade Brief in the year 2018-19, India’s total export of agricultural and allied commodities to China was of the order of $1999 million, approximately 117% higher than the previous year.

The alkoxylates are mainly used as adjuvants which help in protecting the crops and increase soil porosity, and soil structure. This may anticipate increasing in the potential sales of alkoxylates in the agriculture sector. Furthermore, the pharmaceutical industry has accounted for one of the fastest-growing sectors in Japan owing to the rise in R&D activities, advancements in technology in medicine, rise in manufacturing plants, and others. The alcohol ethoxylates are non-toxic and biodegradable due to which it is used as a stabilizing agent in the drug delivery system. This is expected to foster the alkoxylates market during the forecast period.

Also, the region has a well-established oil and gas sector where demand for alkoxylates has increased.

The Europe region and North America region are also anticipated to maintain their dominance throughout the forecast period. Countries such as the U.S., Canada, and Mexico have significant contributions to the growth of the alkoxylates market in the region.  Key factors for the growth in the North American region are the growing population, increase in the chemical manufacturing industry, growing agriculture sector, and government initiation and investment in the pharmaceutical sector have provided the way for the growth of the alkoxylates market.

Key market players in the alkoxylates market

• Clariant AG
• Croda International Plc
• DOW
• IMCD Group
• Indorama Ventures Public Company Limited
• Lamberti S.p.A.
• PCC Group
• Schärer & Schläpfer AG
• Solvay
• Stepan Company

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.

The guidelines and policies of the logistics and supply chain of the alkoxylates products were affected slightly. In the first quarter of 2020. Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the agrochemical, paint and coatings, pharmaceutical, and household consumer products sectors. Also, several alkoxylate product manufacturing companies have either shut down or reduced their operations due to the risk of infection among the workforce. There is a decrease in the number of covid-19 cases in the fourth quarter of 2020 due to which there is a surge in the demand for personal care, consumer products, and hygiene-related products.

In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the pharmaceutical, personal care, and cosmetics, agrochemicals, paint and coatings, oil& gas manufacturing sector are expected to recover soon owing to the record of a production unit in both developed and developing economies. In the first quarter of 2021, the market for alkoxylates experienced an increase in the demand for alkoxylate chemicals worldwide, compared to that in 2020.

Segments covered in the report

By Grade

• Natural ethoxylates
• Synthetic ethoxylates

By Type

• Fatty Acid Ethoxylates
• Alkyl Phenol Ethoxylates
• Glycerin Alkoxylates
• Sorbitan Ester Alkoxylates
• Others

By Application

• Wetting Agent
• Cleaning Agent
• Detergents
• Stabilizer
• Surfactants
• Others

By End User

• Agrochemicals
• Paints & Coatings
• Personal Care
• Pharmaceutical
• Oil & Gas
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America