Global Glycol Ethers Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Glycol Ethers Market was worth US$ 6,247.0 Mn and is expected to grow at a CAGR of 5.7% over the forecast period. While the historical CAGR is 4.9%, the market is expected to hit US$ 10,874.8 Mn by 2032 end.

The market is anticipated to develop due to the high demand for water-soluble active ingredients across end-use sectors, including the printing and personal care industries. The main driver of expansion in the printing and personal care industries has been the rising use of water-based coatings that use glycol ether as a coalescing agent.

Market Dynamic

VARIED INDUSTRIAL APPLICATIONS DRIVE THE MARKET GROWTH

The widespread use of glycol ethers in the paint and coatings sector is one of the main causes of the rising demand for them on the market. Glycol ether use has increased due to market demand for paints and coatings driven by rising urbanization and the number of construction projects. Additionally, various personal care items, including sunscreens and cosmetics, are made using glycol ethers. Additionally, there is a greater need for personal care goods due to rising disposable income and consumer purchasing power worldwide. The chemical serves as a binding reagent in producing various goods due to its high boiling point and advantageous solvent characteristics.

Due to its high boiling point and advantageous solvent characteristics, the chemical is a crucial reagent for the production of various products in the personal care industry. Therefore, there is a sizable need for glycol ether as a raw ingredient due to the growing utilization of personal care products. Due to its rapid drying time and excellent printing quality, glycol ether is also used in the printing sector.

HARMFUL EFFECTS ON THE ENVIRONMENT HAMPER THE MARKET

Although glycol ethers have many uses, they also emit several harmful and dangerous gases into the atmosphere. Under the Toxic Substances Control Act, the Environmental Protection Agency (EPA) has developed severe usage restrictions for ethylene glycol ethers (TSCA). The FDA claims that the E-series glycol ethers are likewise dangerous and could harm the environment and human health.

According to the EPA, all types of ethylene glycol dimethyl ethers are dangerous, including monoethylene glycol dimethyl ether, diethylene glycol dimethyl ether, ethylene glycol glycol glycol diethyl ether, diethylene glycol diethyl ether, triethylene glycol dimethyl ether, and ethylene glycol dibutyl ether. Glycol ethers can cause narcosis, pulmonary edema, and severe liver and kidney damage, among other negative effects.

Market Segments Covered in Report

By Type:

• E-series
• P-series
• Propylene Glycol Methyl Ether
• Propylene Glycol Propyl Ether
• Propylene Glycol Methyl Ether Acetate
• Propylene Glycol Phenyl Ether
• Others

By Application:

• Solvent
• Anti-icing
• Hydraulic & Brake Fluid
• Chemical Intermediates

By End-User:

• Paints and Coatings
• Printing
• Pharmaceuticals
• Cosmetics & Personal Care
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which Glycol Ethers Product Type segment is leading the market worldwide?

Due to their lower level of toxicity, P-series are in higher demand than their competitors. In addition to creating water treatment solutions and laboratory goods, it is generally used to treat metal and non-metal surfaces. They are used with cleansers due to their fast evaporation, decreased surface tension, and low toxicity attributes because they give physical and performance properties for cleaning formulations.

Which is the Glycol Ethers Market’s dominating End User Segment?

The glycol ethers market’s paint & coatings segment is anticipated to drive growth in the sector. To improve the flow and leveling capabilities of paints and to lengthen the wet edge, which enables smoother lapping while erasing brush strokes, glycol ethers and acetates are utilized.

The recent increase in construction activities worldwide and a favorable infrastructure investment environment increased demand for glycol ethers in paints. This will add to the momentum for the expanding usage of glycol ethers throughout the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• China is perhaps a very attractive market with a value share of 57.4% in the Asia Pacific region. The increased need for paints, coatings, adhesives, cleaners, printing inks, electronics, and semiconductors is expected to increase the demand for glycol ethers in the area.
• The demand for high-quality, non-toxic, and biodegradable cosmetics has increased, and North America now holds a significant share of the global glycol ethers market.
• The growth of the glycol ethers market in Europe is driven by the increased usage of glycol ether coatings for decorative and protective applications in the automobile sector.

Competition Analysis

The existence of several manufacturers fuels fierce competition amongst businesses. Multinational corporations dominate the market, but regional companies compete to lead the pack in product innovation and adopt cutting-edge technologies throughout the operational sphere.

These businesses have established their dominant positions in the market thanks to the availability of a wide range of products that serve a variety of end-use sectors. In addition to product innovation, one of the crucial areas handled by big multinational corporations is the excellent market positioning of their products to attract a larger pool of potential customers.

Some of the key developments that have taken place in the Protective Coatings Market include:

• In 2022, With Wells Fargo, NA, and Mizuho Markets Americas LLC, Eastman Chemical Company announced the signing of an accelerated share buyback (ASR) deal for USD500 million. After completing the ASR, Eastman made great progress toward its target of repurchasing more than USD 1 billion
• In September 2021, KPX Chemical, a prominent producer of polyols for polyurethanes in Korea, and Huntsman Corporation (NYSE: HUN), a global leader in MDI-based polyurethanes with a focus on chemical manufacturing, announced the creation of a joint venture known as KPX HUNTSMAN POLYURETHANES AUTOMOTIVE Co Ltd. The joint venture’s primary objective is to develop and supply innovative polyurethane system solutions to Korean automakers.
• In August 2020, Kemipex joined the European Lubricants Industry Directory to increase its global influence (ELID). They are leaders in the chemical industry, and the goods they have designed with care meet the demands of every sector, adding value to the needs of their customers.

A list of some of the key suppliers present in the market are:

• Eastman Chemical Company
• FBC Chemical Corporation
• Hannong Chemicals Inc.
• Huntsman Corporation
• India Glycols Limited
• KH Neochem
• Royal Dutch Shell
• DowDuPont
• LyondellBasell
• BASF SE

Global Glycol Ethers Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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