Alcohol Ethoxylates Market Share

APAC Market Forecast

The Asia Pacific alcohol ethoxylates market is projected to hold the largest share by 31% during the forecast period. The market's growth is mostly the result of the personal care industry's expansion. Since, they are a significant component of many personal care products, such as shampoos, soaps, and other cleaning agents, alcohol ethoxylates are highly sought-after in the region. According to the National Bureau of Statistics of China, household spending per person in China increased to USD 3,781.2 in 2021, a nominal increase of 13.6% over the previous year.

North American Market Statistics

The North America market is estimated to hold 25% share of the alcohol ethoxylates market by the end of 2037. The market's growth is mostly attributable to the increased use of industrial cleaners. The demand for alcohol ethoxylates in the region is likely to rise along with the need for industrial cleansers. Additionally, industrial cleaners are widely used to clean and disinfect equipment, surfaces, and facilities in a range of businesses in the area, including manufacturing, food processing, and healthcare. In 2021, manufacturing accounted for 2.3 trillion USD, or 12.0% of the US GDP.