Kenneth Research, in its repository of market research reports, has recently added a report on Methyl Ester Ethoxylate Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Methyl Ester Ethoxylate Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Methyl Ester Ethoxylate Market products.
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The global Methyl Ester Ethoxylate market was valued at USD 119.0million in 2016 and is projected to reach USD 159.4million by 2025, growing at a CAGR of 3.3% from 2017 to 2025.
The changing consumer lifestyles and growing attention towards hygiene is driving the demand for methyl ester ethoxylate. The rise in staffing companies is expected to boost market demand for methyl ester ethoxylate as it would boost the consumption of surfactants. The insolubility of methyl ester ethoxylate is a major drawback for increasing market demand.
1. Market Drivers
1.1 Growing hygiene awareness
1.2 Rising demand for anionic surfactants
2. Market Restraints
2.1 Insoluble nature of methyl ester ethoxylate
The global Methyl Ester Ethoxylate market is segmented on the basis ofproduct, applicationand region.
1. By Product:
1.1 C16 – C18 methyl ester ethoxylate
1.2 C12 – C14 methyl ester ethoxylate
2. By Application:
2.1 Personal Care
2.2 Domestic Cleaning
2.3 Industrial Cleaning
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3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
2. KLK Oleo
3. Lion Corporation
4. Ineos Group
5. Jet Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Methyl Ester Ethoxylate market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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