The Methyl Ester Ethoxylates Market is projected to reach USD 139.8 Million by 2021, at a CAGR of 3.4% between 2016 and 2021.
The years considered for the study are:
- Base Year – 2015
- Estimated Year – 2016
- Projected Year – 2021
- Forecast Period – 2016 to 2021
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Based on application, the domestic cleaning segment accounted for the largest share of the methyl ester ethoxylate market
The domestic cleaning application segment of the methyl ester ethoxylate market is expected to witness significant growth in the coming years. The growth in the lifestyle in the developing nations of the Asia-Pacific region has led to the growth of this segment.
Methyl ester ethoxylate is a concentrated liquid detergent that can be used in a variety of detergents for the domestic cleaning segment. Changing lifestyles in developing countries such as China and India will further increase the demand for methyl ester ethoxylate from the domestic cleaning segment.
The demand for low-rinse detergents is increasing significantly in various applications in the region. The reason behind the increasing popularity of low-rinse detergents is that they do not ionize in solution and have no electrical charge, as a result, they are resistant to hardness and clean well most soils. This has led to the increasing demand for methyl ester ethoxylate in this region.
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Factors inhibiting the growth of the methyl ester ethoxylate market include low potential in developed countries, falling petrochemical prices, and complicated production process.
Huntsman Corporation (U.S.), KLK OLEO (Malaysia), Lion Corporation (Japan), Ineos Group Limited (Switzerland), and Jet Technologies (Australia) are the key players in the methyl ester ethoxylate market.
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