Glycol Ethers Market by Type (E-series and P-series), Application (Solvent, Anti-icing, Hydraulic and Brake Fluid, and Chemical Intermediates), End Use (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global glycol ethers market was valued at $6.5 billion in 2020, and is projected to reach $11.5 billion by 2030, with a CAGR of 5.9% from 2021 to 2030.
Glycol ether is a group of solvents based on alkyl ethers of ethylene glycol or propylene glycol. It is commonly used in paints & coatings and in cleaning agents. These solvents have a higher boiling point and are soluble in water and fuels, hence are applicable as anti-icing agent additives in jet fuels. Glycol ethers are of two types, E-series, which are formed on the basis of ethylene oxide and P-series formed on the basis of propylene oxide. E-series glycol ethers find their application in pharmaceuticals, sunscreens, cosmetics, inks, dyes, and water-based paints. P-series glycol ethers are used in aerosol paints, degreasers, and as cleaning agents in domestic and industrial areas.
Increase in consciousness among individuals toward the environment and personal care has fostered the demand for cosmetics and personal care products. Moreover, surge in demand for electric vehicles across the globe after pandemic has led to increase in need for paints and coatings, which, in turn, propel the demand for glycol ethers.
Surge in industrialization and modernization across the globe have created positive impact on the construction sector. The expansion of construction sector has led to the development of variety of residential and commercial buildings, thereby escalating the demand for paints and coatings, which is further anticipated to strengthen the growth of the glycol ethers market.
Moreover, surge in investment from the governments of various countries and private firms to develop infrastructure of emerging economies has fueled the development of the market.
However, implementation of restrictions by the government toward the environment due to pollution and effects of glycol ether on the sperm count act as the key deterrent factors of the global market. Conversely, rapid innovation and development of technologies to extract glycol ether raw materials from renewable resources are expected to provide lucrative opportunities for the growth of the global glycol ether market.
The global glycol ether market is segmented into type, application, end-use industry, and region.
On the basis of type, the market is bifurcated into E-series and P-series. Depending on application, it is segregated into solvent, anti-icing, hydraulic & brake fluid, and chemical intermediate. By end-use industry, it is fragmented into paints & coatings, printing, pharmaceuticals, cosmetics & personal care, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include BASF SE, Dow Chemical Company, Eastman Chemical Company, FBC Chemical, Hannong chemicals, Henan GP Chemical, Huntsman Corporation, INEOS, India glycols, Jangsu Yida Chemical, Kemipex, KN Neochem, Lyondellbasell, Nippon Nyukazai, Oxiteno, Recochem, Royal Dutch shell, SABIC, Sasol, Sadar, and Solvay SA. Growth strategies such as expansion of production capacities, acquisition, partnership, and joint venture have been adopted by key players to attain developments in the global glycol ether market.
KEY MARKET SEGMENTS
By Type
E-series
Ethylene Glycol Ethyl Ether
Ethylene Glycol Propyl Ether
Ethylene Glycol Butyl Ether
Ethylene Glycol Butyl Ether Acetate
Ethylene Glycol Methyl Ether
Ethylene Glycol Phenyl Ether
Others
P-series
Propylene Glycol Butyl Ether
Mono-propylene Glycol Butyl Ether
Di-propylene Glycol Butyl Ether
Tri-propylene Glycol Butyl Ether
Propylene Glycol Methyl Ether
Mono-propylene Glycol Methyl Ether
Di-propylene Glycol Methyl Ether
Tri-propylene Glycol Methyl Ether
Propylene Glycol Propyl Ether
Mono-propylene Glycol Propyl Ether
Di-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-use Industry
Paints and Coatings
Printing
Pharmaceuticals
Cosmetics & Personal Care
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key players in the global glycol ethers market are:
1. BASF SE
2. The Dow Chemical Company
3. Eastman Chemicals Company
4. FBC Chemical
5. Hannong chemicals
6. Henan GP Chemical
7. Huntsman corporation
8. INEOS
9. India Glycols Limited
10. Jangsu Yida Chemical
List of Company Profiles
BASF SE
The Dow Chemical Company
Eastman Chemicals Company
FBC Chemical
Hannong chemicals
Henan GP Chemical
Huntsman corporation
INEOS
India Glycols Limited
Jangsu Yida Chemical
Kemipex
KN Neochem
Lyondellbasell
Nippon Nyukazai
Oxiteno
Recochem
Royal Dutch Shell
SABIC
Sasol
Sadara Chemical
Solvay SA
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