Research Nester’s recent market research analysis on “Alcohol Ethoxylates
Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a
detailed competitors analysis and a detailed overview of the global alcohol ethoxylates
market in terms of market segmentation by product type, application, end-user
industry, and by region.
Increasing Demand for Consumer Goods to Promote Global Market
Share of Alcohol Ethoxylates
The expansion of the construction industry may be connected to the market's
expansion. Alcohol ethoxylates are useful, flexible substances with numerous uses in
the building sector. Due to their abilities as wetting agents, emulsifiers, and
dispersants, they are, for example, very helpful in the production of concrete,
adhesives, and coatings. A total of 1,337,800 dwelling units were built in the US in
2021, a 4% increase over the previous year.
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In addition, the growing demand in the pharmaceutical business is also seen to be one
of the factors boosting the market expansion of alcohol ethoxylates. Alcohol
ethoxylates, for instance, are employed in the pharmaceutical sector as emulsifiers and
in the production of innovative products. R&D expenditures in the pharmaceutical
business total $100 billion annually. Some of the major growth factors and challenges
that are associated with the growth of the global alcohol ethoxylates market are:
Growth Drivers:
• Surge in Oil & Gas sector
• Rising Awareness of Hygiene
Challenges:
One of the main issues that are expected to limit the market's growth is the accessibility
of substitute materials. In impoverished countries, the production of home goods is
also made possible with alternatives to alcohol ethoxylate. Changes in the price of raw
materials and excessively stringent government regulations are some of the significant
factors expected to hinder market growth for alcohol ethoxylates worldwide.
By application, the global alcohol ethoxylates market is segmented into cleaners,
cosmetics, and detergents. The cosmetics segment is to garner the highest revenue by
the end of 2036 by growing at a significant CAGR over the forecast period. The growing
demand for cosmetic products is contributing to the growth of the market. The
growing global demand for cosmetic products is leading to a significant increase in the
use of alcohol ethoxylates in the cosmetics sector. In cosmetics, for example, alcohol
ethoxylates can often be used as emulsifiers, solubilizers, and dispersants to enhance
the stability and efficacy of cosmetic formulations. As a result of the demand for
sustainable and environmentally acceptable cosmetic products, there is an increasing
tendency to use greener surfactants such as biodegradable alcoholic ethoxylates which
do not have any impact on the environment. The market for eco Cosmetics is estimated
to be worth approximately USD 54 billion in 2027.
By region, the Europe alcohol ethoxylates market is to generate notable revenue by the
end of 2036. The highly developed industrial sector is mostly to blame for the market's
expansion in the region. The need for alcohol ethoxylates in the area has increased due
to the region's growing industrialization. Compared to 2020, the EU's industrial
production increased by 8% in 2021, and this upward trend has been maintained with
a 5% growth in 2022.
This report also provides the existing competitive scenario of some of the key players
of the global alcohol ethoxylates market which includes company profiling of
Huntsman International LLC., BASF SE, Nouryon Chemicals Holding B.V., Clariant
AG, Royal Dutch Shell plc, Akzo Nobel N.V., The Dow Chemical Company, Arkema
S.A., and others.
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https://www.researchnester.com/reports/alcohol-ethoxylatesmarket/4145