The global glycol ethers market is expected to witness a CAGR of 4.52% during the forecast period. Certain factors that are driving the market include rising demand from the construction industry, growing demand from emerging economies, and increasing demand from the automotive industry.
Some of the key findings from the glycol ethers market analysis report are summarized below
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The glycol ethers property of being soluble in water makes them ideal for waterborne coatings. Glycol ethers ensure there are no lumps or clusters and helps in creating paints that have consistency as per buyer’s choice. They play an important role in paints as they enable dissolving components used in paint formation. They are also added in spray paints to prevent them from drying in mid-air. There has been significant growth in the construction industry in both developed and developing countries. The developing countries are mainly focusing on the development of new public infrastructure facilities and developed countries are focusing on enhancing the quality of existing public infrastructure. This will drive the demand for paints and coatings, which will support the growth of the global glycol ethers market.
Global Glycol Ethers Industry Overview
The global cosmetic skin care market is expected to grow rapidly in the coming years. The rising demand for cosmetic skin care products can be attributed to factors such as rapid urbanization, increasing online beauty spending, growing reach of social networks, and willingness among consumers to try new, different, and premium products. Glycol ethers are widely used as a solvent for ingredients used in cosmetics. The emollient properties of glycol ethers make it ideal for use as a low-cost replacement of fatty acid isopropyl esters. The rising demand for cosmetics products will be one of the critical glycol ethers market trends which will have a positive influence on the growth of the market.
Glycol ethers are used to minimize chipping and foaming of paints and improve the dispersion of solids. Glycol ether-based solvents are also used to enhance evaporation rate, blush resistance, solvent activities, solubility, coupling ability, solvent release, and flow-out and leveling properties of paints and coatings. As a result, glycol ethers help paints and coatings to protect automotive parts from moisture, abrasion, chemicals, and high temperature. With automotive consumers increasingly focusing on maintaining the utmost appearance of vehicles, the demand for paints and coatings will also grow. Consequently, the demand for glycol ethers in the automotive industry will also increase. The growing automotive industry coupled with the demand for cosmetics products will boost glycol ethers market growth at a CAGR of almost 5% during the forecast period.
Top Companies Covered in the Glycol Ether Market Research Report
The glycol ethers market is fragmented. To help clients improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the glycol ethers market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading glycol ether manufacturers, including:
- BASF SE
- DowDuPont Inc.
- Eastman Chemical Co.
- LyondellBasell Industries Holdings BV
- Royal Dutch Shell Plc
Glycol Ethers Market Segmentation Based on Type
- P-series (propylene glycol ethers)
- E-series (ethylene glycol ethers)
The P-series segment will account for the highest glycol ethers market share. The growing demand for P-series glycol ethers in coatings and chemical intermediates is expected to fuel glycol ethers market growth in the segment. The report provides an accurate prediction of the contribution of all the segments to the growth of the glycol ethers market size.
Glycol Ethers Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that the APAC region will account for the highest glycol ethers market share throughout the forecast period. The growing demand for glycol ethers for various applications in paints and coatings, chemical intermediates, printing inks, automotive, pharmaceuticals, and cosmetic and personal care is a significant factor driving the growth of the market in the region.
Key Highlights of the Glycol Ethers Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the glycol ethers market during the next five years
- Precise estimation of the global glycol ethers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the glycol ethers industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of glycol ethers companies
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