Asia-Pacific octylphenol ethoxylate market to grow by 2023, due to increasing demand for plastic industry

Geographically, Asia Pacific leads the global octylphenol ethoxylate market in terms of volume & growth. This is due to high demand and production of octylphenol ethoxylate in China as well as high developing rate of the markets in India, Japan, and other countries. Rising urbanization, and increasing demand from various industry such as textiles, agriculture, pulp & paper, pharmaceutical, oilfield, personal care, paint & coatings, plastics, and others industries are the major drivers for octylphenol ethoxylate market in this region. Due to rapid growth in paint & coating industry, the Asia Pacific region has become the largest market for paint and coatings in the world and likewise for the octylphenol ethoxylate. China has experienced a significant growth, followed by India which has experienced a similar growth pattern. Additionally, growing demand from infrastructure as well as the automotive industries in China and India, increased awareness towards the durable products, and cheaper crude oil prices are driving the Asia Pacific paints & coatings market, and consequently octylphenol ethoxylate market. Furthermore, growing plastic industry is another driving factor to add to the market growth of octylphenol ethoxylate. In developing regions of Asia Pacific, urbanization, rising disposable incomes, growth in population, and changing lifestyles will drive the demand for plastic industry and as a result octylphenol ethoxylate, due to their utilization in this industry as emulsifier mixtures for manufacturing emulsion polymers and as stabilizers in latex polymers.

Additionally, North America holds second position for global octylphenol ethoxylates market followed by Europe. Moreover, Middle East, Latin America and South Africa is an emerging region for octylphenol ethoxylates market due to increasing consumption of octylphenol ethoxylates in various industries such as textiles, agriculture, pulp & paper, pharmaceutical, oilfield, personal care, paint & coatings, plastics, and others. The growing demand in various industrial applications such as detergents, de-foaming agents, dispersants, stabilizer, adhesive, cleaners, and others is expected driving factor for the global octylphenol ethoxylates market in near future.

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Key Players:

The Asia Pacific region octylphenol ethoxylate market also provides an extensive range of manufacture including Japan and China based key players such as Matangi Industries LLP (India), Rimpro India (India), Venus Ethoxyethers Pvt. Ltd (India), India Glycols Limited (India), Gujarat Chemicals (India), Jiahua Chemicals Inc (China), Anhui Sinograce Chemical Co., Ltd. (China), and others.

Segmentation

The global octylphenol ethoxylate market is majorly segmented on the basis of application, end users, and region. Based on the application of octylphenol ethoxylates the market is segmented into detergents, de-foaming agents, dispersants, stabilizer, adhesive, cleaners, and others. On the other hand, based on end user the market segmented into textiles, agriculture, pulp & paper, pharmaceutical, oilfield, personal care, paint & coatings, plastics, and others, and based on region, market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

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