Nonylphenol Ethoxylates Market: Global Forecasts to 2021 Aug 2016 | Page 2

Nonylphenol Ethoxylates Market: Global Forecasts to 2021 “The NPEs market is projected to reach USD 607.5 million by 2021” The global market size of NPEs is estimated to decline and reach USD 607.5 million by 2021, in terms of value. The applications such as industrial & institutional (I&I) cleaning, paints, oilfield chemicals, leather, textile, and agrochemical are supporting the demand for NPEs. The market will witness a declining trend in demand of NPEs due to its toxic nature and endocrine effects on the aquatic organisms along with increasing use of its substitutes. “I&I cleaning to account for the maximum market share during the forecast period” The I&I cleaning segment captured the maximum share of the NPEs market in 2015. NPEs are used in product formulations of hard surface cleaners, circuit board cleaners, industry laundry/dry cleaning detergents, and metal cleaning. NPEs function as wetting and dispersing agents in these I&I cleaning products. The segment will continue to account for the largest share because of the upcoming infrastructure projects in developing economies such as India, China, and Indonesia. © RnRMarketResearch.com ; [email protected]