Fatty Alcohol Alkoxylates Market Overview
The Fatty Alcohol Alkoxylates Market is expected to generate a revenue of more than 780 million US dollars by the forecast year. The Fatty Alcohol Alkoxylates Market is expected to register a CAGR of 5% by the forecast year 2030.
Fatty Alcohol Alkoxylates Market can be characterized as non-ionic surfactants formed by the alkoxylation of fatty alcohols by the addition of ethylene oxide (EO) and propylene oxide (PO). Fatty alcohol alkoxylates are used in a number of sectors, such as household cleaning, industrial and institutional cleaning, detergent intermediates, textiles, and personal care, among others. Within the latter industries, fatty alcohol alkoxylates are used for various applications such as wetting agents, emulsifiers, and dispersion applications, among others. Fatty alcohols from natural and synthetic processing routes are used for the preparation of fatty alcohol alkoxylates. Based on the distribution of carbon chain in each form of fatty alcohol alkoxylate, it is used for various applications across different industries. For example, long-chain alcohol alkoxylates such as C16 and C18 are commonly used in the personal care industry as surfactants and cream bases.
Fatty Alcohol Alkoxylates Market Segmentation
The global market for fatty alcohol alkoxylates is segmented by type and end-use.
Based on the type, the global market for fatty alcohol alkoxylates is segmented into the Oleochemical Based FAA, Petroleum Based FAA. The Oleochemicals based FAA is further sub-segmented into — Lauryl Alcohol Alkoxylate, Behnyl Alcohol Alkoxylate, Cetostearyl Alcohol Alkoxylate, Stearyl Alcohol Alkoxylate, Stearyl Behnyl Alkoxylate, among others, and the Petroleum-Based FAA is further sub-segmented into — Olefoxylate, Ethylene Alkoxylate, Propylene Oligomer Alkoxylates among others.
Based on end-use, global fatty alcohol alkoxylates are segmented into household cleaning, detergent intermediates, I&I cleaning, textiles, and personal care.
Fatty Alcohol Alkoxylates Market Regional Analysis
The global market for fatty alcohol alkoxylates is segmented into North America, Latin America, the Asia Pacific, the Middle East, and Africa, and Europe.
North America is the second-largest market share in terms of value and volume of global fatty alcohol alkoxylates, with regulations related to biodegradability and toxicity of non-ionic surfactants in the regions being one of the key factors in the growth of the market for fatty alcohol alkoxylate in the North American region. In addition, the penetration of front-loading machines and automatic dishwashers in households, along with the prevalence of auto-washing centers and Laundromat services in the region, can be further attributed to the growth of the North American market for fatty alcohol alkoxylates.
The Asia Pacific region is the largest market for fatty alcohol alkoxylates, accounting for almost 40% of the amount of global fatty alcohol alkoxylates, while the fragmented market for fatty alcohol alkoxylates with Chinese manufacturers, coupled with the growing penetration of the end-use industries, can be attributed to demand growth in the region. In addition, factors such as ongoing infrastructure growth, rapid urbanization, and industrialization in emerging markets are expected to fuel demand for I&I and household cleaning products, which, in effect, will be subject to significant demand for fatty alcohol alkoxylates during the forecast period.
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Fatty Alcohol Alkoxylates Market Key Players
The prominent players in the global fatty alcohol alkoxylates market are Clariant International AG BASF SE, Huntsman Corporation, KLK OLEO, Croda International Plc, SASOL and Stepan Company, among others.
Fatty Alcohol Alkoxylates Market Dynamics
Some of the protuberant factors and developments that promote growth opportunities for the global demand for fatty alcohol include, the need for biodegradable and non-toxic surfactants from prominent end-users of fatty alcohol alkoxylates, household cleaning and I&I cleaning, coupled with the penetration of the latter end-user industries in developing markets, as well as the growth of human consumption along with the growth of the personal care industry. There are several growth opportunities associated with the development of the global market for fatty alcohol alkoxylates market.
The demand for lauryl alcohol ethoxylates for cleaning purposes in industrial and institutional and household detergents is expected to drive market growth. The growth in demand for low foam and low rinse products is expected to result in an increase in demand for such products over the forecast period.
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