Report Description Report Description and Highlights

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).