The Global Narrow Range Ethoxylates Market size accounted for USD 4,488 Million in 2021 and is estimated to reach USD 10,084 Million by 2030.
The worldwide narrow range ethoxylates market forecast suggests that the industry is primarily driven by the rising public awareness regarding hygiene standards. The rapid spread of the COVID-19 pandemic is a recent trend in the narrow range ethoxylates market that has bolstered the demand across the world. According to our global narrow range ethoxylates industry analysis, the market is anticipated to witness a CAGR of 9.4% throughout the forecast timeframe 2022 – 2030.
Narrow range ethoxylates (NRE) are non-ionic surfactants that are fatty alcohol polyglycol ethers with a thin homolog distribution. Narrow range ethoxylates have focused characteristics that improve degreasing performance while eliminating the need for hazardous solvents. They are also compatible with the majority of widely used surfactants and builders. Even though they are based on short-chain alcohol, NREs have a very low odour. This opens up many previously closed applications for short-chain alcohol ethoxylates and allows the formulator to generate highly effective low VOC cleaners. Because there is less free alcohol and a larger percentage of the target ethoxylate, formulating is easier and less expensive than with standard alcohol ethoxylates. This allows for the optimization of raw material purchases, the reduction of inventories, and the simplification of production.
Narrow Range Ethoxylates Market Dynamics
Narrow Range Ethoxylates Market Growth Drivers
Narrow Range Ethoxylates Market Restraints
Narrow Range Ethoxylates Market Opportunities
|Market||Narrow Range Ethoxylates Market|
|Market Size 2021||USD 4,488 Million|
|Market Forecast 2030||USD 10,084 Million|
|CAGR During 2022 - 2030||9.4%|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Dow Chemicals, ESTI CHEM, Evonik Industries, Nouryon, Oxiteno, Pilot Chemical Co., Sasol Limited, Stepan Company, Univar Solutions, and Venus Ethoxylates.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Increasing demand for these chemicals in the production of numerous surface disinfectants is the leading aspect that is driving the narrow range ethoxylates market revenue. Following the unprecedented pandemic of the novel coronavirus in late 2019, the global narrow range ethoxylates market has seen a significant increase in demand. Rising concern about infection has increased the use of cleaning products, resulting in increased demand in the worldwide narrow range ethoxylates market.
The growing number of infectious diseases around the world has increased the narrow range ethoxylate market value. Some infectious diseases, according to the Ministry of Health, can be spread by touching a surface or item that has been contaminated by an infected person. Cleaning frequently touched household surfaces regularly will help to minimize the spread of infections. Door handles, tables & chairs, light switches, bench tops, taps, and toys are all examples of frequently used surfaces. As a result, the industry has witnessed an upsurged demand for surfactants and other cleaning products.
However, the fluctuations in raw material prices are one of the aspects that is hindering the narrow range ethoxylates market growth. Furthermore, the increasing adoption of NREs in industrial cleaning is a lucrative opportunity for market growth in the coming years. Because of their effectiveness and ease of availability, numerous key players are developing NREs for industrial applications. For instance, under the ESTISURF brand, Esti Chem A/S offers a variety of specialty surfactants that provide exceptional performance in industrial cleaning formulations, emulsions, polishes, degreasers, and corrosion inhibitors. ESTISURF 264 is an extremely low-foaming molecule that combines good degreasing and outstanding foam control in a single molecule for use in CIP and sprays cleaning applications. On the other hand, ESTISURF 9114 is used in a wide range of hard surface cleaners, demonstrating excellent cleaning quality and a low odour due to its low free alcohol content.
Narrow Range Ethoxylates Market Segmentation
The global narrow range ethoxylates market segmentation is based on application and region.
Narrow Range Ethoxylates Market By Application
Among them, the commercial cleaning segment generated the largest market share in 2021 and is expected to continue its trend throughout the projected years from 2022 to 2030. There has been an increase in awareness of the importance of cleanliness and worker safety in the commercial space, which has increased the utilization of cleaning products, profiting the market demand in commercial applications. According to the Household Commercial Products Association, the market value for home care products such as cleaners, and disinfectants for homes and commercial environments is around US$ 180 mn per annum
However, the industrial cleaning segment is expected to grow significantly in the coming years. Various chemical ingredients are used in industrial cleaning to clean multiple kinds of soils, stains, and by-products released during the manufacturing process. As a result, the industrial cleaning segment has remained positive throughout the forecast period.
Narrow Range Ethoxylates Market Regional Outlook
The Middle East & Africa (MEA)
Asia-Pacific Region Accumulated Leading Market Share In 2021 Due To Growing Consumer Awareness Towards Health And Hygiene
According to the narrow range ethoxylates regional outlook, Asia-Pacific gathered a considerable amount of share in 2021. The increased revenue for home care and personal products from emerging economies such as China, India, and Japan can be attributed to the regional growth. Because of the low labor and manufacturing costs in these developing markets, several prominent companies are shifting their focus to this region in order to achieve an international footprint and growth. China is the world's largest consumer and net distributor of nonionic products, implying significant growth potential. Meanwhile, the North America region is likely to attain a significant growth rate throughout the forecasted years 2022 – 2030.
Narrow Range Ethoxylates Market Players
Some of the top narrow range ethoxylates companies offered in the professional report includes Dow Chemicals, ESTI CHEM, Evonik Industries, Nouryon, Oxiteno, Pilot Chemical Co., Sasol Limited, Stepan Company, Univar Solutions, and Venus Ethoxylates.
The global narrow range ethoxylates market size accounted for USD 4,488 Million in 2021.
The projected CAGR narrow range ethoxylates market during the analysis period of 2022 to 2030 is 9.4%.
The prominent players of the global narrow range ethoxylates market involve Dow Chemicals, ESTI CHEM, Evonik Industries, Nouryon, Oxiteno, Pilot Chemical Co., Sasol Limited, Stepan Company, Univar Solutions, and Venus Ethoxylates.
Asia-Pacific held the dominating share narrow range ethoxylates during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for narrow range ethoxylates during the analysis period of 2022 to 2030.
Increasing public awareness regarding hygiene standards, shifting focus of prominent players towards eco-friendly products, and upsurged demand for surfactants and other cleaning products drives the growth of global narrow range ethoxylates market.
Based on application, commercial cleaning sub-segment held the maximum share narrow range ethoxylates market in 2021.