Global Ethoxylates Market: Key Highlights
Global Ethoxylates Market: Key Market Dynamics
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Global Ethoxylates Market: Regional Overview
Europe is account for the largest share of the ethoxylates market, owing to augmented demand from the personal care, pharmaceuticals, and household and industrial cleaning industries. Improving lifestyle of the people, coupled with heightened awareness regarding personal hygiene, has driven the consumption of personal care products. Augmented efforts and initiatives undertaken by the national governments as well as the European Commission in reviving the end-use markets for the ethoxylates, including pharmaceuticals and agrochemicals, are expected to propel the demand for ethoxylate over the forecast period. The aforementioned factors, coupled with the superior properties of the ethoxylates, are expected to boost the regional market growth over the forecast period.
The Asia Pacific is the second largest consumer of ethoxylates after Europe. The market growth in the region can be attributed to the high consumption of ethoxylates owing to rapidly flourish pharmaceutical, personal care, and cleaning industries in developing economies, including China, India, Japan, and South Korea. Moreover, the region is one of the largest producers as well as exporters of palm oil with Indonesia and Malaysia constituting 60 percent of total world exports. Palm oil is one of the major raw materials used for developing fatty alcohols and amines, which are primary raw materials for obtaining ethoxylates. Uninterrupted supply of raw materials, coupled with growing demand for household cleaners, is expected to drive the product consumption in the Asia-Pacific region over the forecast period.
Global Ethoxylates Market: Key Players Overview
BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide.
Royal Dutch Shell is a Netherland based energy and petrochemical company. The company operates through following business segments, Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products. The Upstream segment engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids, The Downstream segment is engaged in oil products and chemicals manufacturing, and marketing activities. The company has a global reach with its service in around 70 countries. .
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