Alcohol Ethoxylates Market Size, Share & Trends Analysis Report By Product (Fatty Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Linear Alcohol Ethoxylates, Others), By Application (Emulsifier, Dispersing Agent, Wetting Agent, Others), By End-Use (Cleaning, Metal Working, Textile Processing, Paper Processing, Agrochemicals, Pharmaceuticals, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global alcohol ethoxylates market size was valued at USD 6.18 billion in 2021 and is predicted to reach at USD 9.12 billion by 2030, increasing at a CAGR of 4.42% from 2022 to 2030.

A prominent class of non-ionic surfactants, alcohol ethoxylates (AEs) are used in soaps and detergents and other process sectors such as textiles, paper and oil. They are also utilised in agriculture and other industrial settings, as well as in household cleaners, beauty products and agricultural products. In addition to alcohol propoxylates and butoxylates, which are also components of the alcohol alkoxylates class, alcohol ethoxylates (AEs) can be found. They are non-ionic surfactants is having a hydrophobic alkyl chain (Hydroxyalkyl) connected to hydrophilic-ethylene-oxide (EO) via an ether linkage.

Emulsifying and cooling qualities of alcohol ethoxylates make them ideal for skin and hair washing. As a result, its use in personal care products is expected to rise over time. Due to its poor foaming property, it can help extend the shelf life of hygiene and personal care products. Thus, manufacturers are progressively using alcohol ethoxylates in cosmetics like lipstick, eyeshadow and mascara in order to increase the market's growth prospects in the foreseeable term. Waxes utilised in textile & cosmetics industries as well as ethoxylate of ethanol plays the role of a wetting agent for wax emulsions to improve product stability.

Market Dynamics

Market Driving Factors

Demand for Soaps and Detergents is on the Rise

Many common cleaning solutions, such as laundry detergents, include alcohol ethoxylates as active constituents or as byproducts of further processing. By lowering the surface tension in between the washing water & dirt on the clothes or dishes, their surfactant characteristics aid in cleaning by removing dirt from the wastewater. Aside from shampoos, alcohol ethoxylates can also be found in industrial and commercial cleaning solutions.

Detergent manufacture in Europe, where there are 700 plants, has a substantial impact on worldwide soap and detergent sales, as per the International Association of Soap, Detergent and Maintenance Products. Soap and detergent sales are on the rise as people become more concerned of their health.

Germany, the United States, Japan, China, as well as Malaysia are the leading soap-producing and soap-exporting countries. Some 35% of the world's soap exports come from the top five countries. These and other reasons are expected to boost the alcohol ethoxylates market's growth in the years to come.

Eco-Friendly Products Should Be Developed in Order to Increase Market Demand

Concerns about the environmental impact of some ethoxylates are on the rise. Manufacturers are working to create ethoxylates that are less harmful to the environment. Toxic ethoxylates can be replaced with alcohol ethoxylates (AEs), which are the primary replacement. Non-ionic surfactants in the AE class are manufactured and utilized around the world. The use of AE in various cleaning detergents has been found to be safe for human health according to an evaluation of the risks.

AE has excellent performance characteristics in a wide range of situations. Manufacturers prefer them over NPEs because they are easily biodegradable. The use of harmful ethoxylates has been restricted in many nations. Alcohol ethoxylates have the potential to gain market share in countries like these.

Market Restraining Factors

Raw Material Costs Volatility + Low Ethoxylate Potential in Developed Nations to Limit Market

Market limitations for alcohol ethoxylates growth are likely to be influenced by volatile raw material prices and the availability of product substitutes. Furthermore, strict government controls on the production of dangerous chemicals are predicted to be the biggest and most significant hurdles for the market's growth.

As a result, ethoxylates are currently seeing a moderate rise in industrialized countries. The need for ethoxylates will decline as more alternatives are used in household and personal care products. Ethoxylates' growth in developed countries is being stifled by the growing market share of all these replacement products. As a result, the ethoxylates market in developed countries has less potential. The Global Alcohol Ethoxylates market is likely to be hindered by several other variables throughout the study period.

Market Key Opportunities

Rising Demand in The Paint & Coating and Oil & Gas Industries

Oil and gas industries are projected to drive the global market for alcohol ethoxylates because of the high stabilizing characteristics of oil-water emulsions. Additional growth opportunities in the alcohol ethoxylate market will be provided by a rising need for these chemicals in the paints & coatings industry as well as the oil & gas industry. Paint and coating manufacturers frequently employ alcohol ethoxylates as a pigment dispersant. Paint demand is expected to rise as the building industry expands. As a result, the alcohol ethoxylates market is expected to grow during the next few years.

As paints and coatings and oil and gas demand for alcohol ethoxylate rises, so will the alcohol ethoxylates market's growth opportunities. In addition, the pharmaceutical industry's growing use of alcohol ethoxylate in the development of new products is projected to assist the market's expansion to some degree.

Regional Analysis

The alcohol ethoxylates market is segmented by geography into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA).

It is anticipated that the sector would expand in North America as a result of the growing demand for detergents that require less rinsing and produce less foam. Over the course of the projected period, growth is anticipated to be led by an increase in the demand of commercial cleaners in the region, which is being driven by the presence of a high number of manufacturers.

Due to the high levels of product adoption and the existence of a highly advanced industrial sector, the market in the European region accounted for about 35% of the worldwide revenue in 2021. This was driven by the presence of highly sophisticated industrial sector. The increasing degrees of maturity of the application industrial segments in the region are likely to result in the market registering only limited development over the forecast period.

In Asia-Pacific region (APAC), the rapid industrial expansion in economies such as China, India, as well as Japan is likely to drive growth in the market for alcohol ethoxylates in the area, which is expected to rise at a compound annual growth rate of 5.71% from 2022 to 2030. As per the forecast, the upsurging demand for front-loading washing machines, particularly in developing nations, will increase the demand for detergents, which will contribute to growth in the industry.

Segmental Analysis

The alcohol ethoxylates market is divided into different segments according to the Product, Application, End-use, and Region (Geography).

By Product, the alcohol ethoxylates market is segmented into Fatty Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Linear Alcohol Ethoxylates, and Others. It is because of their exceptional qualities that fatty alcohol ethoxylate is among the most commonly used cleaning chemical at home and in industry. Because of their low toxicity, these compounds have a wide range of cleaning applications. The personal grooming industry is projected to benefit from the product's use in cream bases.

The growth of the lauryl alcohol ethoxylates market is predicted to be driven by the need for innovative low foaming detergent and cleaning agents in industrial applications. Due to the chemical composition's amount of carbon atoms, the product can be found in either colorless liquid as well as water-soluble white wax physical states. In addition to emulsifying agent, industrial & institutional cleaner, and agricultural chemicals, the product is widely used.

Both natural as well as synthetic sources can produce linear alcohol ethoxylates, which are widely used in cleaning applications. The product's low to insignificant toxicity, combined with its use in detergent formulations, is likely to fuel the market's expansion throughout the forecast period.

Evonik AG and Stepan Company produce a wide variety of linear alcohol ethoxylates for a variety of industries. Given their great primary and also ultimate biodegradability (80% degradation in 25 days or less), these items have been widely adopted by big consumers all over. the world.

By Application, the alcohol ethoxylates market is segmented into Emulsifier, Dispersing Agent, Wetting Agent, and Others. As a result of the excellent stabilizing qualities of oil-water emulsions that the product exhibits, demand for it is predicted to expand by 4.56% between 2022 and 2030. The HLB value of such goods based on oil-water emulsion can be changed for any hydrophobic component, with the chemicals demonstrating low reactivity with contaminants in both oil as well as aqueous phases like ion, making them excellent for emulsions.

Painting and industrial coatings are likely to drive the demand for dispersing agents for these goods. The upsurge across the construction sector is likely to boost the market for items like tridecyl alcohol ethoxylate. In addition, growth is likely to be fueled by the goods' outstanding stabilizing properties in dispersions.

The market for fatty alcohols employed as wetting agents is predicted to develop as a result of their superior low foaming qualities. Hard surface wetting agents' growing need for branched alcohol ethoxylate is predicted to be a major growth driver in the coming years.

By End-use, the alcohol ethoxylates market is segmented into Cleaning, Metal Working, Textile Processing, Paper Processing, Agrochemicals, Pharmaceuticals, and Others. Metalworking fluids had accounted for 14.20% of market revenue in 2021 thanks to the product's exceptional performance in oil-based emulsions. Cutting, sketching, forging, drilling, rolling and other metalworking processes necessitate the use of a lot of fluids. The usage of fluids in these processes reduces the damage due to the friction, which is beneficial.

The usage of this product in de-inking waste paper is predicted to expand the demand for it in the pulp & paper sector. In this niche, alcohol ethoxylates are only used sparingly, and as a result, their impact on market dynamics is minimal. Paper consumption has fallen as a result of the increased availability of high-tech alternatives.

The pharmaceutical industry's need for the product is projected to be a major growth driver in the coming years. Pharmaceutical formulations like creams, lotions, as well as ointments employ the products frequently. It is projected that the product's superior performance plus emulsification properties would lead to a significant increase in demand over the next few years.

Product usage is attributed to the usage of alcohol ethoxylates in wax emulsions, which increases their stability qualities. As a pigment dispersion, the goods are also employed in the paint business. Over the projection period, construction is projected to expand as the industry's primary growth engine.

By Region or Geography, the alcohol ethoxylates market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA). Low rinse as well as low foam detergents are in high demand, which will help the market in North America thrive. A strong industrial sector and high product adoption levels in Europe lead to a 35% share of worldwide revenue in 2021.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• October 2022 - Stepan Company stated that, in October 2022, it will operate and establish a new alkoxylation plant in Texas as well as Pasadena, California in the near future. Investment in Stepan's 75,000-metric-ton-per-year capacity for propoxylation and ethoxylation will allow the company to meet the growing demand for polymer products and surfactants.
• March 2022 - Huntsman made the announcement in March 2022 that it will double the size of its buyback authorization, increasing it from an earlier goal of nearly USD 1 billion in the year 2022 to USD 2 billion.