The cost of raw materials is volatile and is expected
to increase exponentially owing to various factors such as low availability and
demand and supply consideration. To ensure a sustainable and continuous supply
of raw materials, the manufacturers have entered long-term contracts with raw
material suppliers.
Narrow range ethoxylates are sold to various end-use
industries, including healthcare, household, food, and laundry. Manufacturers
have entered long-term contracts with international players, thus operating as
distributors and suppliers to expand their regional presence. Furthermore,
several manufacturers are focusing on dealing with more than one distributor
owing to price competitiveness in the market.
There is a rise in the demand for customized solutions
according to the customer and end-user requirements. For instance, Sasol is one
of the prominent players engaged in the bulk and custom manufacturing of narrow
range ethoxylates. They provide formulations customized to specific industry
needs with the highest potency available at competitive prices. Its clientele
base ranges from startups to large international players involved in
manufacturing agrochemicals, leather, and textile chemicals.
Related Press Release@ Narrow Range Ethoxylates Market Report
Narrow Range Ethoxylates Market
Report Highlights
- In terms of revenue, commercial cleaning emerged as the largest
application segment with a share of 64.9% in 2020. In the commercial
cleaning application segment, healthcare, hospitality, and foodservice were
the dominant end uses of narrow range ethoxylates. These segments
collectively accounted for a major volume share in 2020
- Asia Pacific is expected to expand at the fastest CAGR from 2021 to
2028. The growth is attributed to the high demand for household and
commercial cleaning applications
- North America accounted for the second-largest share of the global
demand in 2020. The region is characterized by the presence of
multinational corporations and a robust supply chain mechanism catering to
end-use businesses
- The market is highly dominated by multinational companies, which
have diversified distribution channels through multiple partners.
Companies generally operate under long-term supply agreements in order to
reduce the risk of price fluctuations and stay afloat of the acceptable
gross margins
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