Ethaxolates are vastly used in the various end use industries such as personal care, textile processing and paints & coatings industries and others to promote growth in the Ethoxylates market
The ethoxylates are used as surfactant in textile, agriculture, paints and leather industries and are also used as stabilizing agents in rubber and cosmetics industries. The ethaxolates are vastly used in the various end use industries such as personal care, textile processing and paints & coatings industries and others are driving the growth of ethaxolates market. In addition, various detergents are non-biodegradable as they cause soil pollution and water pollution that in turns increases the demand for low- Rinse Detergents. Rising demand of low-rinse detergents are likely to boost the growth of Ethoxylates market. However, Ethaxolates have some toxicity issues, so the environment concern associated with the ethaxolates is hampering the market growth. Moreover, the ongoing research and development to introduced ecofriendly products is projected to create several opportunities for the Ethoxylates market in upcoming years.
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North America region to contribute to growth in the global Ethoxylates market over the next 6 years
Among the geographies, North America holds the largest market share in the ethoxylates market owing to the steady growth of cosmetic and the personal care industries in this region. Asia pacific is the second largest and fastest growing region in the ethoxylates market. In Asia pacific region, china holds the maximum market share owing to the large consumption of ethoxylates across various end use industries including agrochemicals, construction, oil & gas and several others.
Organic and inorganic growth strategies to remain key strategies of the leading players
BASF SE, The Dow Chemical Company, Sasol Olefins & Surfactants GmbH, AkzoNobel N.V., Clariant AG, E.I. du Pont de Nemours and Company, Evonik Industries AG, India Glycols Limited, SABIC, Solvay S.A., Arkema SA (CECA) and Others are the major players in the remote weapon station market. These Companies are looking forward for organic as well as non-organic growth opportunities in order to gain competitive advantage among its peer.