Octylphenol Ethoxylate Market Growth Drivers, Impact Analysis & Market Opportunities by 2023

 Octylphenol ethoxylates are aromatic surfactants available in the form of waxy solids, thick liquids, and in the range of clear to yellowish liquids. They are also known as polyoxyethylated octyl phenol, octylphenol polyoxyethylates, and polyoxyethylene octyl phenol ether. They are derivatives of alkyl phenol ethoxylates. The global octylphenol ethoxylate market report by Market Research Future (MRFR) takes into consideration the upstream and downstream applications of surfactants and their prospects for the period of 2018 to 2023 (forecast period).

Market Scope

The global octylphenol ethoxylate market is driven by its application in textiles. Other applications include pulp & paper, agriculture, pharmaceutical, personal care, paints & coatings, and others. Emulsifying and dispersing properties of the compound can influence the market growth. The expansion of the paints & coatings industry can positively impact the domestic and international demand of octylphenol ethoxylates. The use of dispersants by pharmaceutical manufacturers to segregate contaminants from vaccine shots can fuel the market growth. For instance, the World Health Organization (WHO) picks 4 virus strains for developing vaccines shots, out of which octylphenol ethoxylates are used in separating the fats from the content.

But the environmental hazards posed by aromatic surfactants can be detrimental to the global octylphenol ethoxylate market growth.

Segmentation

The global octylphenol ethoxylate market is majorly segmented on the basis of application and end users.

Based on the application of octylphenol ethoxylates, the market is segmented into dispersants, adhesive, detergents, defoaming agents, stabilizer, cleaners, and others.

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On the other hand, based on end user, the market is segmented into textiles, pharmaceutical, agriculture, oilfield, paint & coatings, pulp & paper, personal care, plastics, and others.  The paints & coatings segment can generate massive revenue for the market owing to its demand in infrastructural projects. The need for emulsifying agents in emulsifiers and stabilizers in latex polymers can have an indelible impact on the global octylphenol ethoxylate market. The oilfield segment can command a high share of the chemical owing to the use of dispersing agents to separate contaminants from crude oil.

Regional Analysis

Based on region, this market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa (MEA).

APAC is one of the biggest regions of the market owing to the massive growth witnessed in the paints & coatings industry in China and India. The expansion of industries of pharmaceuticals, plastics, agriculture, and others in Taiwan, South Korea, and Japan will trigger the demand for alkyl phenol ethoxylates.

North America has scope owing to demand from industries of plastics, personal care, and paints & coatings. Europe, on the other hand, will contribute to the global octylphenol ethoxylate market owing to its utilization in pharmaceutical, pulp & paper, agriculture, and textile. Environmental concerns of these compounds have led to regulatory bodies such as REACH and others to submit the number of alternatives in their applications for continued production of chemicals. Lastly, Latin America and MEA are known to showcase similar growth rates during the forecast period.  

Competition Outlook

Anhui Sinograce Chemical Co., Ltd., BASF SE, Gujarat Chemicals, Huntsman International LLC, The Dow Chemical Company, Venus Ethoxyethers Pvt. Ltd, Matangi Industries LLP, Jiahua Chemicals Inc, India Glycols Limited, Rimpro India, and others are key players of the global octylphenol ethoxylate market.