Market Research Future (MRFR) recognizes the following companies as the key players in the Global Fatty Alcohol Alkoxylates Market: BASF SE, Huntsman Corporation, KLK OLEO, Clariant International AG, Croda International Plc, SASOL and Stepan Company among others.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Fatty Alcohol Alkoxylates Market size is expected to grow at 5.00% CAGR by 2023. Fatty Alcohol Alkoxylates are gaining traction in the non-ionic surfactants market with increasing need for biodegradable and non-toxic surfactants across the end-users such as household cleaning, I&I cleaning, personal care and textiles among others. Moreover, the environmental feasibility of Fatty Alcohol Alkoxylates over the nonylphenyl ethoxylates, which is highly regulated and restricted in the developed markets will be a significant factor driving the market for Global Fatty Alcohol Alkoxylates.
Over the course of time and changing consumer preference towards the cleaning products and increasing awareness towards personal hygiene and cleanliness has led to considerable demand for efficient cleaning products with advanced formulations. Currently, there are different varieties of household cleaning products available for different household cleaning applications in the market. Furthermore, the changing trends in household materials such as, penetration of ceramic tiles and penetration of automatic dishwashers in the households will witness demand for household cleaning products with respect to the individual cleaning applications in the households. Thus, considering the substantial demand of household cleaning products and dominance of household cleaning as an end user in the Global Fatty Alcohol Alkoxylate Market can be attributed as a protuberant factor towards the Fatty Alcohol alkoxylate demand.
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Geographically, Asia Pacific region is the largest market for Fatty Alcohol Alkoxylates and accounts for nearly 40% of the volume share in the Global Fatty Alcohol Alkoxylates, with a fragmented market for Fatty Alcohol Alkoxylates with Chinese manufacturers coupled with increasing penetration of the end-use industries can be attributed to the market growth in the region. Moreover, the factors such as ongoing infrastructural development, rapid urbanization and industrialization in the developing markets is expected to boost the demand for I&I and household cleaning products which in turn will witness considerable demand for Fatty Alcohol Alkoxylates during the forecast period. In Asia-Pacific, China accounts for the largest market share for Fatty Alcohol Alkoxylates followed by Japan and South Korea.
North America is accounts for the second largest market share in terms of value and volume in the global fatty alcohol alkoxylates, with regulations allied to the biodegradability and toxicity of non-ionic surfactants in the regions is one of the prominent factor for fatty Alcohol Alkoxylate Market growth in the North America region. Furthermore, the penetration of front load machines and automatic dishwashers in the households along with the prevalence of auto wash centres and Laundromat services in the region can be further attributed to the growth of Fatty Alcohol Alkoxylates Market in North America.
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Key Points from Table of Contents:
10 Company Profiles
10.1 BASF SE
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 KLK OLEO
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Ecogreen Oleochemicals
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Procter & Gamble
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
10.5 Clariant International AG
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments
10.6.1 Company Overview
10.6.2 Product/Business Segment Overview
10.6.3 Financial Updates
10.6.4 Key Developments
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