BEIJING, July 21. 2022 (GLOBE NEWSWIRE) — The Global Narrow Range Ethoxylates Market the size accounted for USD 4,488 million in 2021 and is expected to reach USD 10,084 million by 2030.
Narrow Range Ethoxylates Market forecasts growing infectious disease concerns to drive industry demand from 2022 to 2030. 710 people have died from the virus. Additionally, according to the World Health Organization (WHO), seasonal flu epidemics are believed to affect 3-5 million cases of serious health conditions and 290,000-650,000 respiratory deaths per year worldwide. .
Impact of COVID-19 on the Global Narrow Range Ethoxylates Market
According to our Narrow Range Ethoxylates industry analysis, the unending cases of COVID-19 patients in the market are expected to support the growth throughout the forecast period. Despite the closure of factories and production sites around the world, there has been significant demand for narrow range ethoxylates, which are widely used in surface disinfectants. Rising consumer fear has led to an increase in the demand for cleaning products, contributing to the growth of the market.
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|Market||Narrow Range Ethoxylates Market|
|Market size 2021||$4,488 million|
|Market Forecast 2030||$10,084 million|
|CAGR from 2022 to 2030||9.4%|
|Analysis period||2018 – 2030|
|Year of reference||2021|
|Forecast data||2022 – 2030|
|Segments Covered||By application and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||Dow Chemicals, ESTI CHEM, Evonik Industries, Nouryon, Oxiteno, Pilot Chemical Co., Sasol Limited, Stepan Company, Univar Solutions and Venus Ethoxylates.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Narrow Range Ethoxylates Market Dynamics
One of the significant trends in the narrow range ethoxylates market includes growing consumer awareness of hygiene standards due to the ongoing pandemic. To reduce viral load, the COVID-19 pandemic has called for increased use of disinfectants in public places, hospitals, nursing homes, transport, sewage treatment facilities and even ordinary households around the world. entire.
The increasing use of narrow range ethoxylates in surfactants, disinfectants and other cleaning products is expected to gain popularity throughout the forecast period. According to Acumen Research & Consulting, the surface disinfectant market size is expected to reach approximately US$1.8 billion by 2027, growing at a CAGR of over 10%. Rising government health awareness activities, along with growing preference for disinfectant solutions from medical centers to keep the surface clean, are some of the major factors that are likely to fuel the growth of the global market.
Many players have turned to green cleaning products because of their harmful side effects on the human body. People use disinfectant sprays as one of their favorite cleaners around their homes. For example, Lysol claims to kill 99.9% of viruses, fungi, and bacteria. Although disinfectants seem completely safe, if used incorrectly they can pose serious health risks. It can cause skin and eye irritation, liver damage, respiratory problems, heart reaction, and various other health issues. According to the Environmental Protection Agency (EPA), cleaning products can pose a number of health and environmental risks. They could contain chemicals that cause eye, skin or lung irritation, as well as other human health problems. Additionally, increasing adoption of industrial cleaning is one of the notable aspects expected to drive the narrow range ethoxylates market share in the coming years.
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Global Narrow Range Ethoxylates Market Segmentation
The global narrow range ethoxylates market has been segmented into application and region. The application segment is further divided into commercial cleaning (floor, laundry, kitchen, upholstery and others), household cleaning (health care, hospitality, catering, laundry, institutional buildings and others) and industrial cleaning (engine cleaning, metal degreasing, vehicle cleaning, laundry, dairy, and others).
Of these, commercial cleaning garnered a substantial share in 2021. The growing number of hospitals, corporate offices, hotels and institutional buildings around the world have demanded heavy use of surfactants, disinfectants and other cleaning products.
Meanwhile, the industrial cleaning segment is expected to witness the fastest growth throughout the forecast period from 2022 to 2030. Rising awareness of cleaning products in manufacturing industries due to the risk of infection from liquids , soils and harmful by-products increased. sales of numerous cleaning products, thereby boosting the narrow market share of ethoxylates.
Regional Overview of the Narrow Range Ethoxylates Market
The regional outlook of the global Narrow Range Ethoxylates Market is given in Asia Pacific, North America, Europe, Latin America, Middle East & Africa. Asia-Pacific dominated the market with the highest shares and is expected to continue its trend throughout the forecast period from 2022 to 2030. Significant population growth in Asian countries, rising living standards in Emerging countries, increased awareness of Asian countries on hygiene standards, rising prevalence of infectious diseases, and upsurge in government initiatives for environmental cleanliness are all supporting Asia-Pacific’s considerable market share. China has captured the largest market share in the entire Asia-Pacific, while Japan and India are witnessing notable growth in the coming years. Meanwhile, the North America region is expected to register the fastest growth over the projected years, due to stringent cleanliness regulations, growing demand from the commercial sector, and growth in research and development activities for introduce more effective cleaning products.
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Narrow Range Ethoxylates Market Players
Some narrow range ethoxylate companies covered globally include Dow Chemicals, ESTI CHEM, Evonik Industries, Nouryon, Oxiteno, Pilot Chemical Co., Sasol Limited, Stepan Company, Univar Solutions and Venus Ethoxylates.
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Mr. Richard Johnson
Acumen Research and Consulting
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