Fatty Alcohol Alkoxylates Market – Market Overview
Fatty Alcohol Alkoxylates are manufactured by the addition of ethylene oxide and propylene oxide through the alkoxylation process. Fatty Alcohol Alkoxylates are highly consumed as wetting agents, emulsifiers, dispersants, and many other applications. These Alkoxylates are used in industrial cleaning, household cleaning, textiles, detergents, personal care, and others.
The two types of Fatty Alcohol Alkoxylates are oleochemicals and petrochemicals. The oleochemicals type Fatty Alcohol Alkoxylates are widely consumed on account of their plant and animal origin. The increasing demand for bio-based, bio-degradable, and non-toxic surfactants is the major driving factor for the market growth. The fluctuating price of petrochemicals along with their harmful environmental effects is expected to further fuel the demand for oleochemical based Fatty Alcohol Alkoxylates during the forecast period. The increasing demand for personal care products across the globe due to the consumer awareness is likely to propel the demand for Fatty Alcohol Alkoxylates.
Fatty Alcohol Alkoxylates Market- Competitive Landscape
The Global Fatty Alcohol Alkoxylates Market is witnessing rapid growth primarily due to their growing demand in various major end-use industries such as industrial & institutional cleaning, household cleaning, personal care, and others. BASF SE, Huntsman Corporation, KLK OLEO, Clariant, Croda International Plc, and SASOL are some of the leading players in this market. Most of these market participants are adopting the key development methods such as capacity expansion and new product launches in order to strengthen their market position and meet the growing demand. The high demand for bio-based products amongst the consumer across the globe is expected to drive the oleochemicals type Fatty Alcohol Alkoxylates demand over the assessment period. Considering these trends, the Global Fatty Alcohol Alkoxylates Market is set to witness considerable competition over the forecast period of 2018-2023.
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Industry/ Innovation/ Related News:
December 08, 2015– Croda International inaugurated its new alkoxylateion facility in Singapore. The expansion was the company’s strategy to offer innovative solutions to their customers in the Asia Pacific region. The company invested about Euro 18 million that doubled the capacity at the site and provided with additional flexibility to manufacture new chemicals. The company also announced a Euro 120 million capital investment in North America to produce 100% sustainable non-ionic surfactants from bio-ethanol.
June 08, 2017- Sasol, a leading manufacturer of chemicals and energy, formally began the construction of its new alkoxylation plant in Jiangsu Province, China. The plant is expected to produce a capacity of approximately 150 kilo tons per annum, with the option of using either branched or linear alcohols to meet different requirements in various applications such as detergents, personal care, textiles & leathers, and others. This is Sasol’s strategic investment to strengthen their foothold in China.
September 29, 2017- Croda International Plc invested a capital of around Euro 18 million in a new production line at its industrial site in Northern France. The new production plant is expected to increase the site production capacity by 20% to meet the growing demand in many industrial sectors including personal care, health care, polymer additives, and home care. This was the company’s global strategic investment plan in the French market. The plant will also contribute to improve efficiency of the site performance, reliability, and sustainable development as 90% of the site’s energy will be provided from steam produced by the Labeuvriere waste recover centre.
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