Indian alcohol ethoxylates market size is expected to reach $268.6 million by 2025 at a CAGR of 5.6%. Growing consumption of washing detergents in residential and industrial sectors and demand for biodegradable surfactants are anticipated to propel market over the forecast period. Alcohol ethoxylates are widely used as cleaning and wetting agents in pharmaceutical, cosmetics, oil, agriculture, paper, and textile industries.
The demand for alcohol ethoxylates is mainly driven by growing use of low rinse and rinse free detergents across the healthcare sector in India. The demand for institutional and industrial cleaners is expected to grow with the rising number of laundry and cleaning services. Developing education system and increasing number of colleges, universities, hospitals, hotels, and restaurants are consequently driving the alcohol ethoxylates market in India.
Alcohol ethoxylates are used as solubilizing and emulsification agents in the textile and cosmetics industries, which is expected to drive market growth over the forecast period. The market is expected to be driven by growing application scope of emulsifiers across industries. High adoption of alcohol ethoxylates-based emulsions due to their ability to provide increased stability is anticipated to bode well for market in near future.
The economic development in Asia Pacific, especially in India, is expected to boost growth of pharmaceutical, metal work, textile, agrochemical, leather processing industries along with agricultural sector over the years to come. Demand for cleaning products in the industrial and institutional sectors is projected to boost adoption of alcohol ethoxylates. Furthermore, with the rise in government initiatives such as ‘Swachh Bharat Abhiyan’ are expected to fuel demand for cleaning products in the country, subsequently driving the alcohol ethoxylates market in India.
Rising demand for highly stable oil in water emulsions across application industries is anticipated to bode well for market over the forecast period. The demand of alcohol ethoxylates as additives and emulsifiers for oil based metal working fluids for different applications such as drilling, turning, sawing, and milling to maximizing performance is expected to drive market growth over the forecast period.
The alcohol ethoxylate based emulsions are highly stable, non-corrosive, and have Extreme-Pressure (EP) properties makeing them very useful as wetting agents for pressing lubricants during forging, drawing, rolling, and drilling. Growing consumption as wetting agents for hard surfaces and in dispersions is also expected to drive market growth over the forecast period.
Asia Pacific accounted for around 43.1% of the global ethylene oxide consumption, the main raw material to produce alcohol ethoxylate. This demand was driven primarily by the presence of major consumer industries such as agrochemicals, pharmaceuticals, textile, oilfield chemicals, and others in India and China.
Growth of manufacturing industry owing to favourable political environment in India is expected to drive the market. India is a one of the leading suppliers of ethylene oxide in the world with a total annual production capacity of 270 kilotons. As a result, India has become one of the major contributors to growth of global ethylene oxide capacity.
The use of alcohol ethoxylates in emulsifiers is expected to expand at a CAGR of 6.1% over the forecast period. The cleaning industry segment dominated the market and was valued at USD 97 million in 2017 and is expected to reach USD 158.2 million by 2025. It is anticipated to expand at a CAGR of 6.3% in terms of revenue over the forecast period. However, the agrochemicals industry is expected to drive the alcohol ethoxylates market during the forecast period as it is gaining popularity due to adoption in the agriculture sector.
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Hexa Research has segmented the Indian Alcohol Ethoxylates Market report based on product type, application and end use:-
Segmentation by Product Type
Segmentation by Application
• Dispersing Agent
• Wetting Agent
Segmentation by End Use
• Metal Working
• Textile Processing
• Paper Processing
Key Players Analyzed:
• AkzoNobel N.V.
• BASF SE
• Clariant AG
• Dow Chemical Company
• E.I. du Pont de Nemours and Company
• Evonik Industries AG
• Huntsman International LLC
• India Glycols Limited
• Mitsui Chemicals, Inc
• Royal Dutch Shell plc
• Sasol Limited
• Solvay S.A.
• Stepan Company