H1 2023: The prominent players in the Europe Alkoxylates market in H1 2023 were INEOS Oxide, Wilmar, and BASF. In June 2023, BASF announced an expansion in the alkoxylates market. In response to a rising demand for alkoxylates in Europe, BASF is strategically increasing its production capacity, marking a significant investment in the region. Commencing in the second quarter of 2023, the additional capacity will be gradually implemented at facilities in Antwerp, Belgium, and Ludwigshafen, Germany. This expansion, exceeding 150 thousand tonnes per annum, is positioned to substantially benefit European customers. BASF emphasized that this move aims to reinforce its presence in Europe and unlock growth opportunities in various sectors, including detergents and cleaners, as well as the automotive and construction industries. Despite facing challenges in recent years, this capacity expansion underscores BASF's commitment to providing enhanced flexibility and supply security to its customers. Soeren Hildebrandt, Senior Vice President, BASF, highlighted the expansion as a strategic response to the sustained increase in demand for alkoxylates, further solidifying the company's market leadership in this dynamic and growing segment. The investment reflects BASF's dedication to meeting evolving market needs and positioning itself as a key player in the European chemical industry.
The Europe Alkoxylates market reached of around 1850 thousand tonnes in 2022 and is expected to expand at a CAGR of 5.04% till the year 2030.
Alkoxylates, versatile chemical compounds derived from the reaction of alcohols with ethylene oxide or propylene oxide, find extensive applications across diverse industries. Primarily known for their surfactant properties, alkoxylates serve as crucial components in the formulation of various products. In the realm of household and industrial cleaning, they act as surfactants, reducing surface tension and enhancing the efficacy of detergents and emulsifiers. The textile industry benefits from alkoxylates as well, where they function as emulsifiers and wetting agents, facilitating the even dispersion of dyes and chemicals during processing. Agriculture employs these compounds in the formulation of pesticides and herbicides, where they aid in dispersing active ingredients effectively. In personal care products like shampoos and creams, alkoxylates serve as emollients and stabilizers. Additionally, the pharmaceutical sector incorporates them to enhance solubility and stability in drug formulations. In industrial processes, alkoxylates contribute to the properties of metalworking fluids, paints, and coatings. Their role extends to the oil and gas industry, where they modify fluid properties in drilling and extraction processes. The versatility of alkoxylates, rooted in their chemical structure, underscores their significance in addressing diverse needs across manufacturing, agriculture, and daily-use products.
Based on type, the Alkoxylates market is bifurcated into Linear Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Alcohol Ethoxylates, Branched Alcohol Ethoxylates, Amide Ethoxylates, and Others. Among these, Linear Alcohol Ethoxylates is the leading segment.
On the basis of region, Europe Alkoxylates market is segmented into Germany, Italy, Spain, France, Belgium, Sweden, the United Kingdom, Russia, and the Rest of Europe. Among these, Germany is the leading consumer of Alkoxylates. In 2022, Germany consumed roughly 33% of the Europe Alkoxylates market demand. Also, United Kingdom will most likely experience a rise of Alkoxylates in the coming years due to the continued demand from the downstream sectors.
Based on the end-user industry, the Europe Alkoxylates market is segmented into different industrial sectors that include Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others. However, Detergents is the dominating sector as the consumer of Alkoxylates. This industry consumed approximately 46% of the market in 2022 and is anticipated to remain the leading consumer in 2030.
Major players in the production of Europe Alkoxylates are Ineos Oxide, Wilmar, BASF, Sasol, Vantage, Clariant, Industrias Quimas Del Oxido de Etileno (IQOXE), Dow, Essar Oil, Nouryon, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Alkoxylates which covers production, demand and supply of Alkoxylates market in the globe.
• To analyse and forecast the market size of Alkoxylates
• To classify and forecast Europe Alkoxylates market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Alkoxylates market in the globe.
To extract data for Europe Alkoxylates market, primary research surveys were conducted with Alkoxylates manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Alkoxylates market over the coming years.
ChemAnalyst calculated Alkoxylates demand in the globe by analyzing the historical data and demand forecast which was carried out considering the consumption of raw material to produce Alkoxylatess. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Alkoxylates manufacturers and other stakeholders
• Organizations, forums and alliances related to Alkoxylatess distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Alkoxylates manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
ChemAnalyst calculated Alkoxylates demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Alkoxylates across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Report Scope:
In this report, Europe Alkoxylates market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1850 thousand tonnes
Market size Volume by 2030
2750 thousand tonnes
Growth Rate
CAGR of 5.04% from 2023 to 2030
Base Year
2022
Estimated Year
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Germany, Italy, Spain, France, Belgium, Sweden, the United Kingdom, Russia, and the Rest of Europe
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What was Europe market size of Alkoxylates in terms of volume for 2022?
Ans:
The Europe market size of Alkoxylates was approximately 1850 thousand tonnes in 2022.
Q2.
What are the major end-use industries of Alkoxylates?
Ans:
Alkoxylates is used in a wide range of end use industries including Detergents, Personal Care, Pharmaceutical, Metalworking fluid and lubrication, Paints and Coatings, Textiles, and Others.
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