Global Narrow Range Ethoxylates Market to reach USD 7.31 Billion by 2027.Global Narrow Range Ethoxylates Market is valued approximately at USD 4.05 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.8% over the forecast period 2021-2027. The global Narrow Range Ethoxylates market is being driven by rising demand in surface disinfectant market, growing usage in Industrial cleaning market, and the growing consumer awareness concerning hygiene standards. Furthermore, proliferating demand for surfactants and other cleaning products for cleaning purposes across various applications, will provide new opportunities for the global Narrow Range Ethoxylates industry. For instance, as per the study of 'Healthcare-Associated Infection, report published in year 2020, globally around 50% of the hospital reported cases of acquired infections occurred in intensive care unit. Also, according to the report of World Health Organization (WHO), coronaviruses may persist on the surfaces for few hours or up to few days. It may vary from different conditions and situations, such as type of surface, humidity and temperature. Due to which, there has been an increased focus and awareness about the disinfection on surfaces to curb transmission of the disease. As a result, increase in consumer awareness concerning diseases and maintaining proper hygiene will serve as a catalyst for the Narrow Range Ethoxylates industry in the future. However, unstable raw material prices and use of raw materials for alternate applications, may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global Narrow Range Ethoxylates Market. The rising public awareness towards health and hygiene, with the growing adoption of high standards for cleaning and disinfection in households and the commercial cleaning applications makes the Asia Pacific the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to rise in demand for dishwashers and the commercial machines in different applications and growing focus on R&D activities and developing a new variety of narrow range ethoxylates in the region.
Major market player included in this report are:
Nouryon
Sasol
Evonik Industries AG
Venus Ethoxyethers Pvt. Ltd.
Univar Solutions Inc.
Pilot Chemical Company
DOW
Esti chem a/s
Stepan Company
Oxiteno
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Commercial Cleaning
Household Cleaning
Industrial Cleaning
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Narrow Range Ethoxylates Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors