“The market for ethoxylates is estimated to grow on account of the increasing surfactants, and household & personal care market. The shift in lifestyles of consumers in major developing economies is also a major driving factor of the ethoxylates market. The factors restraining the market growth are low demand in developed nations and environmental regulations regarding the use of ethoxylates.
The ethoxylates market is projected to register a CAGR of 3.19% between 2014 and 2019 to reach $11,657.2 million. Household & personal care is the major application for the ethoxylates market with around 52.9% of the market share in terms of volume, in 2013. Pharmaceutical and oilfield chemicals are also expected to have a significant growth among the applications between 2014 and 2019.
Region-wise, Europe is leading the ethoxylates market, in terms of volume in 2014. Asia-Pacific will experience high growth between 2014 and 2019. Growth in Asia-Pacific is led by the increasing demand of household & personal care, and I&I cleaning products. As Asia-Pacific is house to the major developing economies so, a shift in consumer鈥檚 lifestyle in developing nations is also a factor for the growth of the ethoxylates market in Asia-Pacific. Asia-Pacific is estimated to have high growth in the market due to the region鈥檚 favorable prospects; several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for ethoxylates for various applications, such as agrocehmicals, household & personal care, pharmaceutical, oilfield chemicals among others.
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