Positive application outlook in personal care and cosmetic sectors should drive ethoxylates market size over the forecast period. They are widely used as solvents while manufacturing cosmetics product, as they are non-ionic in nature and have good emulsifying characteristics. Global cosmetic market should witness above average gains at 5.5% by 2024. Personal care products are including lotions, hair dyes, skincare, hair care, perfumes and deodorants. Hair care products accounted for over 25% of the total market share in 2016. Castor oil and alcohol ethoxylates are few product types that are used in the personal care and cosmetics industry.
Nonylphenol ethoxylates (NPE) are hazardous chemicals which pose threat to the human health and may hamper the overall market growth resulting in decreasing household sector growth. NPE is preferably used in textile manufacture as a dyeing, rinsing, and cleaning agent. Strict government norms by EPA regarding NPE usage may drive industry growth.
Ethoxylates Market size may grow significantly during the forecast timeframe. Increasing application scope in pharmaceutical, agrochemicals, and personal care should drive industry growth.
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They are organic compounds that are produced by mixing phenols and alcohols with ethylene oxide and potassium hydroxide as a catalyst. Alcohol ethoxylates are modified into related compounds known as ethoxysulfates. These compounds are known as surfactants which have various applications in laundry detergents, cosmetics, pharmaceutical, surface cleaners, textiles, agricultural products and paints sectors.
Glycerine ethoxylates market size may witness favorable gains over the forecast timeframe. Strong application scope in cosmetic, adhesives and construction industries. In the construction industry, it is used as emulsifier to improvise penetration.
Shift in consumer preference towards pharmaceutical products should drive ethoxylates market size. Global healthcare market may witness significant gains at over 5%. Increasing number of diseases along with rising medical expenses may favor industry growth.
The laundry care markets have applications such as liquid detergents, powder detergents, bars, fabric conditioners, and laundry pre-treatment products. Nonyphenol ethoxylates is widely used in laundry detergent purposes. Increasing population supported by varying lifestyles may drive laundry care product demand. Growing consumer awareness towards hygiene and health along with advancement in technology for laundry care products may stimulate industry growth over the forecast timeframe.
North America, led by the U.S. ethoxylates market size may witness steady growth over the foreseeable future. Prevalence of strict regulations have forced customers to switch to alcohol ethoxylate detergents to overcome NPE toxic substances.
Europe ethoxylates market size, driven by UK, France, Italy, and Germany, should show significant gains owing to rising demand for environment friendly products in the personal care sector. EU member has banned the usage of NPE toxic substances which are found in clothing, thereby stimulating regional growth.
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Asia Pacific driven by India, Japan, South Korea and China ethoxylates market size should witness significant growth rate over the forecast period. Rise in disposable income along with increase in personal care products should drive regional industry growth.
Increasing environmental concerns regarding the toxicity issues of few products may hinder ethoxylates market growth. However, increasing R&D spending along with focus towards introducing ecofriendly products at various competitive costs may create avenues in the near future. Ongoing technologies along with product innovations to reduce cost, environmental effects and offer safer products will drive industry growth.
Global ethoxylates market share is moderately fragmented. Key market players operating in the business includes Sasol Olefins & Surfactants, The Dow Chemical Company, BASF, Ineos Group, Shell Chemicals, Clariant, Huntsman International, India Glycols, and Air Products & Chemicals. Most of the companies are focusing towards strengthening their business and enhance product portfolio. Additionally, companies are capturing market share to increase palm, coconut, and tallow oil production capacity to various end-use industries.
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