PUNE, India, August 25, 2016 /PRNewswire/ --
The report "Nonylphenol Ethoxylates Market by Application
(Industrial & Institutional Cleaning, Paints, Agrochemicals,
Leather, Textile, Oilfield ChemicalS) and Region - Global Forecast
to 2021", published by MarketsandMarkets, The global market is
experiencing a declining trend and is estimated to reach
USD 607.5 Million by 2021.
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Browse 33 market data Tables and 17 Figures spread
through 61 Pages and in-depth TOC
on "Nonylphenol Ethoxylates Market"
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The market is segmented based on application and region. The
market for NPEs is declining due to its toxicity issues, endocrine
effects on the aquatic organisms, very slow biodegradability rate,
and availability of eco-friendly substitutes. These factors along
with limitations imposed by associations and organizations on NPEs
manufacturers in North America and
Europe are factors that are
responsible for the declining trend in the region.
Industrial & Institutional (I&I) cleaning captures
the largest share of the NPEs market
The NPEs market is segmented based on application, namely,
I&I cleaning, paints, oilfield chemicals, leather, textile,
agrochemicals, and others (pulp & paper, building &
construction, electrical & optical, and plastics). In 2015,
I&I cleaning segment captured the maximum share of the overall
market. However, the market is projected to decline due to
increasing regulations related to its toxicity and effects on
endocrine systems of the aquatic organisms. For instance, companies
have to notify their local Environmental Protection Agency (EPA) in
advance if they want to have NPEs in their product formulations.
The decline will also be due to the availability of several
economical and green substitutes such as alcohol ethoxylates, fatty
acids, fatty amines, unsaturated and hydrocarbons.
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Asia-Pacific is the largest
NPEs market
Asia-Pacific accounted for the
largest share of the global Nonylphenol Ethoxylates Market
in 2015, in terms of both volume and value. The demand in
Asia-Pacific will be supported by
growth of applications in the region. The growth of the NPEs market
is directly associated with the increasing manufacturing sites,
commercial buildings, healthcare facilities, hotels, and others in
the region. This is due to several factors such as increasing
income and spending on residential establishments as well as the
shift in manufacturing sites to the low-cost markets of
Asia-Pacific.
Currently, various market players such as AkzoNobel N.V.
(Netherlands), Clariant AG
(Switzerland), The DOW Chemical
Company (U.S.), Hunstman (U.S.), Stepan Company (U.S.), India
Glycols (India), SABIC
(Saudi Arabia), PJSC
Nizhnekamskneftekhim (Russia),
Solvay (Belgium), and PCC Exol SA
(Poland) dominate the global NPEs
market.
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