PUNE, India, August 25, 2016 /PRNewswire/ --
The report "Nonylphenol Ethoxylates Market by Application (Industrial & Institutional Cleaning, Paints, Agrochemicals, Leather, Textile, Oilfield ChemicalS) and Region - Global Forecast to 2021", published by MarketsandMarkets, The global market is experiencing a declining trend and is estimated to reach USD 607.5 Million by 2021.
Browse 33 market data Tables and 17 Figures spread through 61 Pages and in-depth TOC on "Nonylphenol Ethoxylates Market"
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The market is segmented based on application and region. The market for NPEs is declining due to its toxicity issues, endocrine effects on the aquatic organisms, very slow biodegradability rate, and availability of eco-friendly substitutes. These factors along with limitations imposed by associations and organizations on NPEs manufacturers in North America and Europe are factors that are responsible for the declining trend in the region.
Industrial & Institutional (I&I) cleaning captures the largest share of the NPEs market
The NPEs market is segmented based on application, namely, I&I cleaning, paints, oilfield chemicals, leather, textile, agrochemicals, and others (pulp & paper, building & construction, electrical & optical, and plastics). In 2015, I&I cleaning segment captured the maximum share of the overall market. However, the market is projected to decline due to increasing regulations related to its toxicity and effects on endocrine systems of the aquatic organisms. For instance, companies have to notify their local Environmental Protection Agency (EPA) in advance if they want to have NPEs in their product formulations. The decline will also be due to the availability of several economical and green substitutes such as alcohol ethoxylates, fatty acids, fatty amines, unsaturated and hydrocarbons.
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Asia-Pacific is the largest NPEs market
Asia-Pacific accounted for the largest share of the global Nonylphenol Ethoxylates Market in 2015, in terms of both volume and value. The demand in Asia-Pacific will be supported by growth of applications in the region. The growth of the NPEs market is directly associated with the increasing manufacturing sites, commercial buildings, healthcare facilities, hotels, and others in the region. This is due to several factors such as increasing income and spending on residential establishments as well as the shift in manufacturing sites to the low-cost markets of Asia-Pacific.
Currently, various market players such as AkzoNobel N.V. (Netherlands), Clariant AG (Switzerland), The DOW Chemical Company (U.S.), Hunstman (U.S.), Stepan Company (U.S.), India Glycols (India), SABIC (Saudi Arabia), PJSC Nizhnekamskneftekhim (Russia), Solvay (Belgium), and PCC Exol SA (Poland) dominate the global NPEs market.
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