Pune, India -- (SBWIRE) -- 05/11/2018 -- Octylphenol Ethoxylate Market – Market Overview
Octylphenol Ethoxylates is a group of surfactants which is stable under ordinary condition. The overall industrial application scope of Octylphenol Ethoxylates includes textile, agriculture, pulp and paper pharmaceutical, personal care, paints and coatings, plastics, oilfields, and others. These ethoxylates are famous for the properties associated with them such as wetting, detergency, superior hard surface, metal cleaning, and excellent emulsification features.
Growth in this market is driven by the increasing adoption of Octylphenol Ethoxylates in plastic industry as an important ingredients for emulsifier's mixture which are used in the production of the emulsion polymers. Moreover, increasing usage of polymers to produce fine end use products in various end use industries such as automotive, construction, oil and gas, electronics and electrical, and several other industries. Developing paints and coatings industry also complementing the growth of this market, due to developing domestic industry in Asia Pacific and Europe regions.
Regional Overview
As per the MRFR Analysis, Asia Pacific dominated the global market for Octylphenyl Ethoxyylates including China and India, Taiwan and South Korea as major revenue generating markets in this region. Industrial expansion of major end use markets such as agriculture, paints and coatings, pharmaceuticals and plastic has surged demand for the Octylphenol Ethoxylates in Asia Pacific. Rising industrial manufacturing in China as well as in India is also supporting the growth of this region. As per the MRFR analysis, Asia Pacific expected to retain its dominance over the global market over the forecast period.
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Octylphenol Ethoxylate – Competitive Landscape
The key players on Global Octylphenol Ethoxylates are Huntsman International LLC , BASF SE , Dow Chemical Company, Matangi Industries LLP, Rimpro India, Venus Ethoxyethers Pvt. Ltd, India Glycols Limited , Gujarat Chemicals , Jiahua Chemicals Inc , Anhui Sinograce Chemical Co., Ltd.. Over the years, the competitive rivalry observed in this market is moving from moderate to high, on account of the growth of the surfactant group. As per the MRFR analysis, market is heading towards the growth consolidation phase and the key industry participants are adopting new product formulations to strengthen market leadership.
There has been substantial revenue growth for selected Ethoxylates companies, particularly those located in Asia or those with major operations in Asia. This is result of an increased domestic demand within Asian countries, as well as an overall rise in Ethoxylates demand across the globe. The Ethoxylates Market is a specialized market, with most companies producing more than one type of composite.
November 4, 2014 – Clariant has launched innovative surfactants with some of the additional effects. The newly added series is named as GLUCOTAIN, and has made the existing product line even stronger. The company is the global leader in the specialty chemicals and has added the new surfactants series by aiming the new growth potential in the personal care industry. New added series has outstanding mildness and very good cleaning performance for skin and hair. Addition of the new products in the existing line is expected to offer new growth prospects for Octylphebnol Ethoxylate as a surfactants group. GLUCOTAIN is sugar based surfactants and offers sensory benefits.
February 1, 2018 – Global chemical industry leader as well as specialty material producer BASF SE has announce the expansion of production capacity of alkyl polyglucosides. The expansion proposal will be done in two production plants at Ohio based plant as well as in China based plant. As per the one of the board member of the BASF, this investment will avail them to cater new formulation in mild surfactants, specifically in personal care applications. Furthermore, increasing focus on the surfactants expected to have positive impact on production capacities of Octylphenol Ethoxylates.
June 2016 – Foremost chemical industry player Evonik has commercialized bio surfactants. Evonik was the first company on the face of the earth used the biotech method to manufacture industrial-scale quantities of high- quality surfactants, which is a key component of modern shampoos, shower gels, and household cleansers. The newly added bio surfactants are added to bridge increasing demand form the personal care industry, especially, in cleansing product application. As per the MRFR analysis, analysts have given the overall conclusion, that commercialization of bio surfactants will help to recognise the additional demand generated for Octylphenol Ethoxylates.
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