Alcohol Ethoxylates Market size is expected to surpass USD 10.5 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of alcohol ethoxylates was over USD 7.2 Billion. The expanding construction sector could also be associated with the expansion of the market. In the building industry, alcohol ethoxylates are used in many different applications and their use can be varied. In particular, given the ability to act as wet substances, emulsifiers, or dispersants, they have been particularly useful in concrete production, adhesives and paints. Overall, there were 1,337,800 housing units at the end of 2021 across the United States, which is an increase of 4% from last year.
Moreover, an increased demand in the pharmaceutical industry is expected to be one of the factors contributing to market growth for alcohol ethoxylates. Alcohol ethoxylate has been used in the pharmaceutical industry to manufacture novel products and acts as an emulsifier. R&D spending by the pharmaceutical industry is approximately USD 100 billion a year.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 5 % |
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Base Year Market Size (2023) |
~ USD 7.2 Billion |
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Forecast Year Market Size (2036) |
~ USD 10.5 Billion |
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Regional Scope |
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Application (Cleaners, Cosmetics, Detergents)
The cosmetics segment is anticipated to account for 53% share of the global alcohol ethoxylates market during the forecast period. The segment's growth is due to the increasing demand for cosmetic items. The use of alcohol ethoxylate in the cosmetic industry has significantly expanded due to the rising demand for cosmetics around the world. Additionally, there is a tendency towards using more environmentally friendly surfactants, such as alcohol ethoxylates, which are biodegradable and have less of an impact on the environment than some other surfactants, as a result of the need for sustainable and environmentally friendly cosmetics. By 2027, it is anticipated that the market for natural cosmetics would be worth approximately USD 54 billion.
End-User Industry (Paper, Metal Working, Oil, Agriculture, Textile)
Alcohol ethoxylates market from the metal working segment is expected to garner a significant share of around 28% in the year 2036. The chemical is frequently used in metal working fluids because of its outstanding performance in oil-based emulsions. For instance, a US federal body, the US Bureau of Labour Statistics, stated in April 2023 that there were 60032 establishments in the private sector producing fabricated metal products, up from 59265 establishments in the third quarter of 2022.
Our in-depth analysis of the global alcohol ethoxylates market includes the following segments:
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Product Type |
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Application |
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End-User Industry |
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APAC Market Forecast
The Asia Pacific alcohol ethoxylates market is projected to hold the largest share by 31% during the forecast period. The market's growth is mostly the result of the personal care industry's expansion. Since, they are a significant component of many personal care products, such as shampoos, soaps, and other cleaning agents, alcohol ethoxylates are highly sought-after in the region. According to the National Bureau of Statistics of China, household spending per person in China increased to USD 3,781.2 in 2021, a nominal increase of 13.6% over the previous year.
North American Market Statistics
The North America market is estimated to hold 25% share of the alcohol ethoxylates market by the end of 2036. The market's growth is mostly attributable to the increased use of industrial cleaners. The demand for alcohol ethoxylates in the region is likely to rise along with the need for industrial cleansers. Additionally, industrial cleaners are widely used to clean and disinfect equipment, surfaces, and facilities in a range of businesses in the area, including manufacturing, food processing, and healthcare. In 2021, manufacturing accounted for 2.3 trillion USD, or 12.0% of the US GDP.
Author Credits: Smruti Ranjan, Rajrani Baghel
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