The Global Alcohol Ethoxylates Market is driven by rising demand for home care and personal care products
The Global Alcohol Ethoxylates Market has seen significant growth in recent years due to increased demand for surfactants for home care and personal care products applications. Alcohol ethoxylates are nonionic surfactants that function as emulsifiers, dispersants, wetting agents, and foam inhibitors. They are primarily used as detergents, emulsifiers, dispersants, wetting agents, and foam inhibitors in various industries including household cleaners, industrial & institutional cleaners, personal care products, agricultural chemicals, oilfield chemicals, textiles, leather processing, and others.
The Global Alcohol Ethoxylates Market is estimated to be valued at US$ 5.75 Bn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period of 2024 To 2031.
Factors such as growth in home care industry, increasing demand for personal care products, expansion of agricultural sector are driving the demand for alcohol ethoxylates globally.
Key Takeaways
Key players operating in the Global Alcohol Ethoxylates Market Demand are AkzoNobel N.V., BASF SE, Clariant AG, Dow Chemical Company, E.I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, India Glycols Limited, Mitsui Chemicals, Inc., Sasol Limited, and Stepan Company. These key players account for over 50% of the market share.
The growing demand for home care and personal care products is fueling the Global Alcohol Ethoxylates Market. Factors such as rapid urbanization, rising income levels, and changing lifestyles are increasing the sales of homecare and personal care products. This is subsequently driving the demand for alcohol ethoxylates which are extensively used as surfactants in these products.
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