Global Alkoxylates Market Size to Reach USD 12.34 Billion

September 04, 2023 09:00 ET | Source: Emergen Research Emergen Research

Vancouver, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The 2022 valuation of the worldwide alkoxylates market stood at USD 7.60 Billion. Based on the most recent analysis conducted by Emergen Research, it is projected that the market will maintain a consistent Compound Annual Growth Rate (CAGR) of 4.9% throughout the forecast period. The upswing in Research & Development (R&D) endeavors, coupled with the demand upsurge from the detergent sector, alongside the expanding utility of alkoxylates within the realms of industrial and institutional cleaning, collectively underpin the surge in market revenue. Types Of Organic Chemistry

Global Alkoxylates Market Size to Reach USD 12.34 Billion

Alkoxylates are progressively finding their way into diverse sectors, including industrial, personal care, and the Oil & Gas (O&G) industry. These compounds are created through alkoxylation, a process involving the addition of ethylene oxide, propylene oxide, and butylene oxide to fatty hydrophobic substances. The market is now witnessing the production of various types of alkoxylates, such as fatty alcohol alkoxylates, fatty acid alkoxylates, and fatty amine alkoxylates. These versatile compounds are employed as wetting agents, emulsifying agents, cleaning agents, stabilizers, and detergents, showcasing their multifaceted utility.

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Notably, these alkoxylates stand out for their eco-friendly nature, attributed to their biodegradability. The application scope expands further with their increased use in oilfield operations, accompanied by advancements in alkoxylate production techniques. Companies tailor alkoxylate products according to specific customer requirements, considering factors like cloud point, hydroxyl value, pH, and Hydrophilic-Lipophilic Balance (HLB).

Collaborative efforts between prominent enterprises and organizations to drive research and development initiatives also contribute to the market's growth trajectory. This is reinforced by the significance of alkoxylates in essential applications, such as serving as rheology modifiers for vinyl chloride emulsion polymerization and as solubilizers in the personal care industry. The significance of alkoxylation can't be understated, as it plays a pivotal role in manufacturing surfactants on an industrial scale. For instance, Scientific Designs' alkoxylation process offers a notably efficient method for producing surfactants, polyglycols, and polyether polyols.

Nevertheless, market growth does face certain headwinds. Factors like volatile raw material costs and geopolitical issues, including trade barriers, could impede revenue expansion. Escalating costs of raw materials are particularly affecting sectors like personal care and home goods, resulting in inflation. These challenges reverberate across the supply chain, impacting domestic businesses and key suppliers to the personal care and home goods sectors, such as surfactant manufacturers.

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Major Companies and Competitive Landscape

The global alkoxylates market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective alkoxylates solutions. Some major players included in the global alkoxylates market report are:

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Some Key Highlights From the Report

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Emergen Research has segmented the global alkoxylates market on the basis of grade, product type, application, end-use, and region:

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Global Alkoxylates Market Size to Reach USD 12.34 Billion

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