As per the current market research conducted by the CMI Team, the global Alkoxylates Market size is expected to record a CAGR of 5.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 7.6 Billion. By 2033, the valuation is anticipated to reach USD 12.6 Billion.

Alkoxylates Market: Overview

According to industry experts at CMI, the growing demand from the oil & gas sector drives the global alkoxylates market during the analysis period. As alkoxylates are used as surfactants in enhanced oil recovery process. Moreover, it is used in hydraulic fracturing as an additive to improve the flow properties of fracking fluids.

Besides, the rising personal care and cosmetics sector especially in India and China influencing the market revenue share. Furthermore, the use of pesticides in the agriculture sector is growing, enhancing the growth of the market.

Moreover, the increasing product launches and the growing expansion activity by the key market players offer a prosperous avenue for the alkoxylates industry. However, the global economic uncertainty negatively impacts the expansion of the market.

Alkoxylates Market: Growth Factors and Dynamics

Growing application in the personal care sector

With the increasing demand for personal care products and the perceived benefits of better quality of life, as well as the positive effects of beauty and personal care on social interaction and self-esteem, the market for alkoxylates is anticipated to benefit substantially.

As per L’Oreal projections, the beauty and personal care sector is expected to be worth around US$784.6 billion by 2025 globally. With sales of US$55.3 billion, China ranked second, followed by US$38.5 billion for Japan in third place.

Rising demand from oil & gas industry

Future growth in the alkoxylate market is expected as a result of the growing demand for gas and oil. Alkoxylates are used as co-emulsifiers and corrosion inhibitors in the oil and gas sector; as demand for oil and gas increases, directly impacts the demand for alkoxylates.

The International Energy Agency estimated a daily average increase in global oil demand of 5.3 million barrels, which led to 96.2 million barrels in 2021. Also, the gasoline demand increased by 3.6% globally in 2021 and is projected to rise by 7% by 2024.

Environmental and regulatory challenge

Although the demand for alkoxylates is on the rise, the concerns regarding their environmental effects, especially the toxicity associated with non-biodegradable varieties, may hinder alkoxylates market expansion. Governments and environmental organizations are enforcing stringent regulations on the production and use of specific alkoxylates, especially non-ionic surfactants such as nonylphenol ethoxylates (NPEs), which are considered detrimental to aquatic ecosystems. Therefore, the environmental and regulatory challenges limit the market growth.

Report Scope

Feature of the ReportDetails
Market Size in 2024USD 7.6 Billion
Projected Market Size in 2033USD 12.6 Billion
Market Size in 2023USD 7.1 Billion
CAGR Growth Rate5.2% CAGR
Base Year2023
Forecast Period2024-2033
Key SegmentBy Type, Application, Industry Vertical and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

Alkoxylates Market: New Launches and Acquisitions

  • In April 2022, Dow expanded its global alkoxylation capacity in the US and Europe to meet the increasing demand from various end-use sectors including pharmaceuticals, the cleaning industry and others.
  • In December 2022, Nouryon announced the expansion of its alkoxylation footprint in Southeast Asia with the acquisition of an asset on Jurong Island, Singapore. The newly acquired plant will bolster Nouryon’s capacity to meet the increasing regional customer demand in essential end-markets such as Agriculture and Food, Home and Personal Care, Natural Resources, and Paints and Coatings.

Global Alkoxylates Market 2024–2033 (By Billion)

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List of the prominent players in the Alkoxylates Market:

  • BASF SE
  • Croda International Plc
  • Solvay
  • IMCD Group
  • Clariant AG
  • Akzo
  • Dow
  • Indorama Ventures Public Company Limited
  • Stepan Company
  • Schärer and Schläpfer AG
  • Lamberti S.p.A
  • PCC Group
  • VENUS ETHOXYETHERS PVT.LTD.
  • Huntsman International LLC
  • Eastman Chemical Company
  • Others

The Alkoxylates Market is segmented as follows:

By Type

  • Fatty Acid Ethoxylates
  • Alkyl Phenol Ethoxylates
  • Glycerin Alkoxylates
  • Sorbitan Ester Alkoxylates
  • Others

By Application

  • Wetting Agents
  • Cleaning Agents
  • Detergents
  • Stabilizers
  • Surfactants
  • Others

By Industry Vertical

  • Agrochemicals
  • Paints and Coatings
  • Personal Care
  • Pharmaceuticals
  • Oil and Gas
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America