Global Alcohol Ethyoxylate Market is expected to witnessa CAGR of 3.5% during the forecast period 2016 to 2022.
According to a recently published report, the global Alcohol Ethyoxylate Market is expected to witnessa CAGR of 3.5% during the forecast period 2016 to 2022. The global alcohol ethyoxylate market is segmented on the basis of raw material, applications and geography. The report on global alcohol ethyoxylate market forecast, 2016-2022 (by raw materials, applications, geography) provides detailed overview and predictive analysis of the market.
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As per the research, the global alcohol ethyoxylate market would grow exponentially due to its growing application in low-rinse detergents. The increasing demand from leather and agriculture sectors precisely is driving the growth of the market. Continuous research and development to innovate and increase the scope of use of chemicals in the manufacturing industry has experienced an upsurge during last one decade. This has attributed to the rise in sale of alcohol ethyoxylate globally.
There is a slow and steady substitution of nonylphenol ethoxylates (NPE) by alcohol ethyloxylate in the end user segment. Governments and environmental regulatory institutions globally are imposing strict regulations regarding the use of chemicals, which is boosting the global alcohol ethyloxate market. Major companies in the market are leveraging natural raw materials such aspalm oil, coconut oil and tallow oilowing to growing demand of eco-friendly products from the end user industries.
Growing environmental awareness in the developed countries of Europe and North America is the major reason for increased contribution towards global alcohol ethyoxylate market in terms of volume and value. Companies are investing in the Asia Pacific region to take the cost advantage, which will result in swift growth of the market in the region. For example, Shell has started up its new high-purity ethylene oxide (HPEO) purification and ethoxylates units at Jurong Island in Singapore.
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Scope of the Report
Global Alcohol Ethoxylate Market by Application 2012-2022 ($ Million)Blog: http://www.pdfdevices.com/global-alcohol-ethyoxylate-market-is-expected-to-witnessa-cagr-of-3-5-during-the-forecast-period-2016-to-2022-brisk-insights/
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Sep 13, 2016
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