Asia Pacific Alkoxylates Market

Asia Pacific Alkoxylates Market Size, Share & Trends Analysis Report By Grade (Synthetic Ethoxylates, and Natural Ethoxylates), By Type, By Application, By End-use Industry, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-25453 Publication Date: November-2024 Number of Pages: 191
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Analysis of Market Size & Trends

The Asia Pacific Alkoxylates Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,110.7 Kilo Tonnes, showcasing a growth of 20.7% (2020-2023).

Fatty acid ethoxylates are a prominent type within this market, derived from the reaction between fatty acids and ethylene oxide. These non-ionic surfactants are valued for their excellent emulsifying, wetting, and dispersing properties. They are widely used across various industries, including personal care, textiles, detergents, and agrochemicals. In personal care products, fatty acid ethoxylates act as emulsifiers, helping to blend oil and water-based ingredients. Thus, the Fatty acid ethoxylates in China market consumed 190.8 Kilo Tonnes in 2023.

Asia Pacific Alkoxylates Market

The China market dominated the Asia Pacific Alkoxylates Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,214.3 million by 2031. The Japan market is registering a  CAGR of 4.6% during (2024 - 2031). Additionally, The India market would showcase a  CAGR of 6% during (2024 - 2031).

In the textile industry, they are used as wetting agents, dispersants, and dyeing assistants in textile processing. They aid in even distributing dyes and chemicals on fabric surfaces, ensuring uniform coloration and dye penetration. They also help remove impurities, sizing agents, and other textile contaminants during scouring and pretreatment. Additionally, they impart softness, smoothness, and antistatic properties to fabrics, enhancing their comfort and aesthetic appeal.

They have been used in various industries due to their special qualities and broad range of uses. For instance, they offer several performance benefits that make them attractive to manufacturers and end-users. Their surfactant properties enable superior wetting, dispersing, and emulsifying capabilities, enhancing efficacy and efficiency in numerous applications.

China has emerged as a major hub for pharmaceutical manufacturing, producing a wide range of generic and branded drugs for domestic consumption and export. These are used in various stages of drug manufacturing, including formulation development, drug delivery systems, and API processing. The increasing production of pharmaceuticals in China drives the demand for these as essential ingredients in drug formulations. Also, as agrochemical production rises in India, there is a corresponding increase in the demand for surfactants and emulsifiers used in pesticide formulations. The production of Major Chemicals in 2023-24 (up to Aug 2023) is 53.54 lakh tons. India is the fourth biggest producer of agrochemicals in the world. The growing demand for these in the agriculture sector is driven by their crucial role in enhancing the effectiveness and performance of agrochemical products. Therefore, the expansion of the pharmaceutical industry and the rising chemical industry in the region are driving the market’s growth.

Free Valuable Insights: The Global Alkoxylates Market is Predict to reach USD 10.8 Billion by 2031, at a CAGR of 5.1%

Based on Grade, the market is segmented into Synthetic Ethoxylates, and Natural Ethoxylates. Based on Type, the market is segmented into Fatty Acid Ethoxylates, Alkyl Phenol Ethoxylates, Glycerin Alkoxylates, Sorbitan Ester Alkoxylates, and Other Types. Based on Application, the market is segmented into Surfactants, Cleaning Agents, Detergents, Stabilizers, Wetting Agents, and Other Applications. Based on End-use Industry, the market is segmented into Personal Care, Paints & Coatings, Agrochemicals, Pharmaceuticals, Oil & Gas, and Other End-use Industries. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • BASF SE
  • Huntsman Corporation
  • Mitsui Chemicals, Inc.
  • SABIC (Saudi Arabian Oil Company)
  • Shell plc
  • Solvay SA
  • The Dow Chemical Company
  • Croda International Plc
  • Evonik Industries AG (RAG-Stiftung)
  • INEOS Group Holdings S.A.

Asia Pacific Alkoxylates Market Report Segmentation

By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Synthetic Ethoxylates
  • Natural Ethoxylates

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Fatty Acid Ethoxylates
  • Alkyl Phenol Ethoxylates
  • Glycerin Alkoxylates
  • Sorbitan Ester Alkoxylates
  • Other Types

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Surfactants
  • Cleaning Agents
  • Detergents
  • Stabilizers
  • Wetting Agents
  • Other Applications

By End-use Industry (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Personal Care
  • Paints & Coatings
  • Agrochemicals
  • Pharmaceuticals
  • Oil & Gas
  • Other End-use Industries

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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