Ethoxylates Market Top Companies, Trends and Future Details for Business Opportunity 2023-2028

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Global Ethoxylates Market Research Report:

The latest report by IMARC, titled “ Ethoxylates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-202 8

” the global ethoxylates market size reached US$ 14.0 Billion in 2022. Ethoxylates are chemical compounds that are produced by the reaction of ethylene oxide with a variety of starting materials, such as alcohols, fatty acids, or phenols. As a result, these molecules have both hydrophilic (waterloving) and hydrophobic (water-repelling) ends, which makes them ideal surfactants and emulsifiers. They break down dirt and grease on surfaces by reducing water's surface tension, and they can also be used as mixing agents to combine oil and water-based components. In addition to their ability to reduce surface tension, ethoxylates have the advantage of being soluble in water, making them very versatile. Additionally, ethoxylates are readily biodegradable, making them an eco-friendly alternative to other surfactants. They are also highly efficient in cleaning and emulsifying processes, resulting in a minimal energy requirement and reduced costs.

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Global Ethoxylates Market Trends :

The global market is majorly driven by the rapid product utilization in the oil and gas industry as emulsifiers and wetting agents. This can be attributed to considerable growth in the oil and gas industry and the increased drilling and exploration activities. In line with this, the escalating demand for surfactants, which are used in a wide range of enduse industries, such as cleaning, soap and detergents, is also providing an impetus to the market. Additionally, the growing adoption of ethoxylates in the formulation of a wide range of personal care products, including shampoos, lotions, and other cosmetics, is impacting the market positively. Besides this, continual technological advancements in the development of new and improved ethoxylate variants, which are more efficient and environmentally friendly, are creating a positive outlook for the market. The market is further fueled by the increasing usage of ethoxylates in the manufacturing of various agrochemicals, including herbicides, fungicides, and insecticides, which is further creating lucrative opportunities in the market. Some of the other factors contributing to the market include the growing need to increase agricultural productivity, rapid urbanization and industrialization, and extensive research and development (R&D) activities conducted by the key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 17.7 Billion by 2028, exhibiting a CAGR of 3.7% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Breakup by Product:

• Alcohol

• Fatty Amine

• Fatty Acid

• Ethyl Ester

• Glyceride

• Others

Breakup by Application:

• Household and Personal Care

• Institutional and Industrial Cleaning

• Pharmaceutical

• Agrochemicals

• Oilfield Chemicals

• Others

Breakup by Region:

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• North America

• United States

• Canada

• Asia-Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

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• Brazil

• Mexico

• Others

• Middle East and Africa

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