Glycol Ether Market Analysis, Share, Size & Trends 2031
Glycol Ether Market Analysis, Share, Size & Trends 2031
Segments - Glycol Ether Market by Types (P-series [Propylene Glycol Monomethyl Ether, Dipropylene Glycol Monomethyl Ether, and Tripropylene Glycol Monomethyl Ether] and E-series [Methyl Glycol Ether, Ethyl Glycol Ether, and Butyl Glycol Ether]), Applications (Hydraulic and Brake Fluid, Solvents, Chemical Intermediates, and Anti-icing Agents), End-user Industries (Adhesives, Printing, Pharmaceuticals, Cosmetics and Personal Care, Paints & Coatings, and Other End-user Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :MC-2069
| 4.8 Rating
| 68 Reviews
| 196 Pages
| Format :
Report Description
Glycol Ether Market Outlook 2031
The global glycol ether market size was USD 7.29 Billion in 2022 and is expected to reach USD 12.21 Billion by 2031 register a substantial CAGR 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing demand for personal care and cosmetics products. Moreover, expanding use of chemical compound in paint & coating industry is expected to drive the market growth.
Glycol ethers are class of solvents based of alkyl ethers of propylene or ethylene glycol. Depending on their formation, ethylene oxide and propylene oxide are divided into P-series and E-series. They are generally used as solvents in different industries such as coatings and paints. P-series glycol ethers are generally used in aerosols and cleaners, while E-series glycol ethers are used as coalescing aids in paint formulation. Other applications include ink, textile, agriculture, and adhesive products.
The demand for P-series is more than the E-series due to their low toxicity level. Methyl ether acetate are extensively used in ink application. Propylene glycol butyl ether demand is high owing to its usage in laboratory products, treatment of metals & non-metals, and in water treatment formulation.
Glycol Ether Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth in the commercial and residential sector is expected to drive the market growth.
- According to World Bank, the expenditure on the construction industry is increasing at a rapid pace, spurring the demand for glycol ether during the forecast period.
- Stringent REACH and EPA guidelines with respect to the utilization of glycol ethers and rising number of alternatives, such as cellulosic ethanol, to use as a dissolvable for cleaning agents can restrain the development of the market.
- Improving flow characteristics of glycol ether can create lucrative opportunities for market players in the projected timeline.
Scope of The Glycol Ether Market Report
The report on the global glycol ether market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Glycol ether market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Types (P-series [Propylene Glycol Monomethyl Ether, Dipropylene Glycol Monomethyl Ether, and Tripropylene Glycol Monomethyl Ether] and E-series [Methyl Glycol Ether, Ethyl Glycol Ether, and Butyl Glycol Ether]), Applications (Hydraulic and Brake Fluid, Solvents, Chemical Intermediates, and Anti-icing Agents), End-User Industries (Adhesives, Printing, Pharmaceuticals, Cosmetics and Personal Care, Paints & Coatings, and Other End-user Industries) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Royal Dutch Shell; Eastman Chemical Company; Lyondell Basell Industries NV; BASF SE; and Dow |
Glycol Ether Market Segment Insights
-
series segment to account for a large market share
Based on types, the market is bifurcated into P-series and E-series. The P-series segment is sub-segmented into propylene glycol monomethyl ether, dipropylene glycol monomethyl ether, and tripropylene glycol monomethyl ether. On the other hand, the E-series segment is divided into methyl glycol ether, ethyl glycol ether, and butyl glycol ether. Growing awareness regarding low discharge oxygenated diesel fuel is substantially providing opportunity for the P-series market segment.
Hydraulic and brake fluid segment is anticipated to expand at significant pace
In terms of applications, the market is classified as hydraulic and brake fluids, solvents, chemical intermediates, and anti-icing agents. The hydraulic and brake fluid segment is estimated to account for a significant market share in the projected timeline. Growing demand for hydraulic fluid in the construction industry is driving the growth of the market segment.
Paint & coating segment is expected to grow at a rapid pace
Based on end-user industries, the market is segmented into adhesives, printing, pharmaceuticals, cosmetics and personal care, paints & coatings, and others end-user industries. The paint & coatingsegment is anticipated to grow at a rapid pace during the forecast period owing to rising demand for automobiles and growing construction activities across the globe.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the glycol ether market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to constitute a key share of the market during the forecast period as government state bodies in countries such as India and China are focusing on industries such as automotive, construction, paints & coatings, and packaging.
Segments
The Glycol ether market has been segmented on the basis of
Types
- P-series
-
- Propylene glycol monomethyl ether
- Dipropylene glycol monomethyl ether
- Tripropylene glycol monomethyl ether
- E-series
- Methyl glycol ether
- Ethyl glycol ether
- Butyl glycol ether
Applications
- Hydraulic and Brake Fluids
- Solvents
- Chemical Intermediates
- Anti-icing Agents
End-User Industries
- Adhesives
- Printing
- Pharmaceuticals
- Cosmetic and Personal Care
- Paints and Coatings
- Other End-user Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Royal Dutch Shell
- Eastman Chemical Company
- Lyondell Basell Industries NV
- BASF SE
- Dow
Competitive Landscape
Key players competing in the Glycol ether market are Royal Dutch Shell; Eastman Chemical Company; Lyondell Basell Industries NV; BASF SE; and Dow.
Some of these players are adopting several business strategies, which includes acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Glycol Ether Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Glycol Ether Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glycol Ether Market - Supply Chain
4.5. Global Glycol Ether Market Forecast
4.5.1. Glycol Ether Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glycol Ether Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Glycol Ether Market Absolute $ Opportunity
5. Global Glycol Ether Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Glycol Ether Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Glycol Ether Demand Share Forecast, 2019-2026
6. North America Glycol Ether Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Glycol Ether Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Glycol Ether Demand Share Forecast, 2019-2026
7. Latin America Glycol Ether Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Glycol Ether Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Glycol Ether Demand Share Forecast, 2019-2026
8. Europe Glycol Ether Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Glycol Ether Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Glycol Ether Demand Share Forecast, 2019-2026
9. Asia Pacific Glycol Ether Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Glycol Ether Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Glycol Ether Demand Share Forecast, 2019-2026
10. Middle East & Africa Glycol Ether Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Glycol Ether Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Glycol Ether Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Glycol Ether Market: Market Share Analysis
11.2. Glycol Ether Distributors and Customers
11.3. Glycol Ether Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Royal Dutch Shell
11.4.2. Eastman Chemical Company
11.4.3. Lyondell Basell Industries NV
11.4.4. BASF SE
11.4.5. Dow
Methodology
Related Reports
Some other reports from this category!
Our Clients
