Market Size of Methyl Ester Ethoxylate Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 141.48 Million |
Market Size (2029) | USD 170.32 Million |
CAGR (2024 - 2029) | 3.78 % |
Fastest Growing Market | Europe |
Largest Market | Europe |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Methyl Ester Ethoxylate Market Analysis
The Methyl Ester Ethoxylate Market size is estimated at USD 141.48 million in 2024, and is expected to reach USD 170.32 million by 2029, growing at a CAGR of 3.78% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020. However, consciousness regarding personal hygiene and clean surroundings increased during the pandemic, stimulating the demand for methyl ester ethoxylate in applications such as detergents, industrial cleaning agents, personal care products, and others.
- Over the short term, surging demand from personal care and cosmetics and growing awareness regarding low foam, low rinse, and single wash detergents are expected to drive the growth of the market.
- On the other side, the presence of more efficient surfactants is likely to hinder the growth of the market studied.
- Increasing awareness regarding bio-based surfactants and growing urbanization in developing countries are likely to act as opportunities for the methyl ester ethoxylate market.
- Europe is expected to dominate the global market and is likely to witness the highest CAGR during the forecast period.
Methyl Ester Ethoxylate Industry Segmentation
Methyl ester ethoxylate is an ester that yields methanol on hydrolysis methyl esters of carboxylic acids. Methyl ester ethoxylates are low-foaming, non-ionic surfactants compared to fatty alcohol ethoxylates.
The methyl ester ethoxylate market is segmented by application and geography. By application, the market is segmented into detergents and industrial cleaning agents, personal care and cosmetics, and other applications. By geography, it is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. The report also covers the size and forecasts for the methyl ester ethoxylate market in 15 countries across major regions. The report offers market size and forecasts in terms of revenue in USD million for all the above segments.
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Detergents and Industrial Cleaning Agents | |
Personal Care and Cosmetics | |
Other Applications |
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Methyl Ester Ethoxylate Market Size Summary
The methyl ester ethoxylate market is poised for steady growth over the forecast period, driven by increasing demand in personal care, cosmetics, and cleaning applications. The market's expansion is supported by the rising awareness of low foam, low rinse, and single wash detergents, which are gaining popularity for their efficiency and environmental benefits. Despite the presence of more efficient surfactants that could pose challenges, the market is expected to benefit from opportunities such as the growing awareness of bio-based surfactants and urbanization in developing regions. Europe is anticipated to lead the global market, with significant growth expected in countries like Germany, Italy, and France, where consumer demand for personal care and cleaning products remains robust.
Methyl ester ethoxylates are valued for their properties as low-foaming, non-ionic surfactants, making them suitable for various applications, including detergents, industrial cleaning agents, and personal care products. The production process, which involves the ethoxylation of fatty methyl esters, offers cost advantages by eliminating the need for hydrogenation, a step required in alcohol ethoxylate production. The COVID-19 pandemic has further accelerated the demand for cleaning products, as heightened consumer consciousness about hygiene continues to drive market growth. Key players in the market, such as INEOS and KLK OLEO, are actively expanding their presence through strategic acquisitions, enhancing their capabilities to meet the growing demand in both established and emerging markets.
Methyl Ester Ethoxylate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Surging Demand from Personal Care and Cosmetics
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1.1.2 Growing Awareness Regarding Low Foam, Low Rinse, and Single Wash Detergents
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1.2 Restraints
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1.2.1 Presence of More Efficient Surfactants
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Detergents and Industrial Cleaning Agents
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2.1.2 Personal Care and Cosmetics
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2.1.3 Other Applications
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2.2 By Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East and Africa
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Methyl Ester Ethoxylate Market Size FAQs
How big is the Methyl Ester Ethoxylate Market?
The Methyl Ester Ethoxylate Market size is expected to reach USD 141.48 million in 2024 and grow at a CAGR of 3.78% to reach USD 170.32 million by 2029.
What is the current Methyl Ester Ethoxylate Market size?
In 2024, the Methyl Ester Ethoxylate Market size is expected to reach USD 141.48 million.