Ethoxylates Market Analysis, Size, Growth, Share & Outlook, Forecast to 2027 | Grand View Research Inc.
The global ethoxylates market size is expected to reach USD 17.9 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% from 2020 to 2027. Growing consumer awareness regarding clean and hygiene oriented lifestyle, coupled with inclination towards environment friendly, is expected to drive the detergents demand, which, in turn, is expected to drive the product consumption over the forecast period. Availability of technologically advanced equipment, such as washing machines, whose cleaning efficiency majorly depends on the quality of detergents, has further increased the demand for high-quality and high-performance detergents. These factors indirectly point toward the increasing demand for high-performance chemicals used in the production of detergent chemicals, thereby driving product consumption. Demand for ethoxylates is expected to be restrained by concerns regarding the toxicity of the products. The surfactants used in coatings, detergents, and cleaners are based on ethoxylates. The products such as alcohol ethoxylates pose a threat to the sediment organisms and sewage treatment plant organisms, thereby posing a threat to the environment. In addition, the products such as nonylphenol ethoxylates (NPEs) have been found to cause damage to human health and consequently been banned by several governing agencies, such as the European Union and the government of Canada.