PUBLISHER: KBV Research | PRODUCT CODE: 1584933
PUBLISHER: KBV Research | PRODUCT CODE: 1584933
The Europe Alkoxylates Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 591.0 Kilo Tonnes, showcasing a growth of 20.3% (2020-2023).
Natural ethoxylates are a grade of this derived from natural sources such as plant-based alcohols, oils, or fatty acids. Unlike synthetic ethoxylates, which are derived from petrochemical feedstocks, natural ethoxylates are produced by reacting natural alcohols with ethylene oxide. This makes them a eco-friendlier and more sustainable alternative in the alkoxylates market. Thus, the Natural ethoxylates in Germany market consumed 44.3 Kilo Tonnes in 2023.
The Germany market dominated the Europe Alkoxylates Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $609.6 million by 2031. The UK market is exhibiting a CAGR of 4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.9% during (2024 - 2031).
These are primary surfactants and emulsifiers in household and industrial cleaning products. They help to reduce surface tension, allowing water to spread and penetrate more easily, thereby enhancing the cleaning efficiency of detergents. These are particularly effective in removing oil, grease, and dirt from various surfaces, including fabrics, dishes, floors, and countertops. Their ability to form stable emulsions also contributes to the suspension and removal of soil particles during the cleaning process.
Likewise, they are crucial in formulating personal care products such as shampoos, washing products, soaps, and cosmetics. They act as emulsifiers, solubilizers, and stabilizers, helping to create homogeneous mixtures of water-and oil-based ingredients. They improve cosmetic formulations' texture, appearance, and feel, allowing for smoother application and better absorption on the skin and hair.
As the detergent industry expands in Europe, there is a corresponding increase in the demand for surfactants, including alkoxylates. They serve as key surfactants and emulsifiers in detergent formulations, aiding in removing dirt, grease, and stains from various surfaces. Due to the rising need for efficient and eco-friendly cleaning products, they are essential in detergent formulations. According to the European Commission, the detergent sector, which contributed 4.2% of the chemicals sector's total output value in 2018, is a significant subsector of the European chemicals industry. In 2020, the European detergent market was valued at € 41.2 billion. Manufacturing products for the whole market, including consumer and professional products, involves around 700 separate European facilities. Thus, the growing detergent industry is driving the growth of the market.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Alkoxylates Market Report Segmentation
By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-use Industry (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)