The global alcohol ethoxylates market size is expected to reach USD 7.45 billion by 2025, according to this new report. The market is expected to witness growth at 4.2% CAGR. Rising demand for fatty alcohol ethoxylates owing to their biodegradable properties is expected to drive the market growth over the forecast period. The use of the product in the production of advanced detergents, emulsions and pharmaceutical products is expected to drive growth.
The price of the product closely follows the raw material cost thereby imparting a volatility in the prices. In addition, rising substitution of other ethoxylates by environmentally friendly alcohol ethoxylates is expected to drive growth over the forecast period.
Presence of a large number of companies involved in product manufacturing is expected to benefit the industry growth. Major players in the market are involved in implementing new product introduction and capacity increases as the major strategies driving market growth. In addition, the production of advanced formulation solutions is expected to provide the necessary impetus to the market growth.
The product use is expected to be advocated by the softening stand of the regulatory agencies towards the use of the product in applications that involve direct human contact. Presence of minimal regulations in high consuming economies such as India and China is expected to drive the market growth over the forecast period.