The global Glycol Ethers Market size was USD 4.82 Billion in 2022 and is expected to register a revenue CAGR of 5.7% during the forecast period. Rising use of low-Volatile Organic Compound (VOC) Content Solvents for various industrial uses is a major factor driving market revenue growth. Furthermore, governmental organizations are concerned as conventional coatings are emitting more Hazardous Air Pollutants (HAPs) and Volatile Organic Compounds (VOCs), which are damaging the environment.
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Top Leading Players:
Competitive landscape of the global Glycol Ethers market is moderately consolidated with few major companies operating on global and regional levels. Major companies are engaged in product development and strategic alliances to expand their respective product portfolios and gain a robust footprint in the global market. Some major companies in the market report include Dow, Royal Dutch Shell PLC, Eastman Chemical Company, BASF SE, Manali Petrochemicals Limited, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical, others.
Glycol Ethers Market Upcoming Growth:
- Increasing demand from the automotive industry: Glycol Ethers find applications in automotive paints, coatings, and cleaning agents due to their solvency and low volatility. With the growing automotive industry worldwide, the demand for Glycol Ethers is expected to increase.
- Growth in the construction sector: Glycol Ethers are utilized in various construction-related applications, including adhesives, sealants, and concrete additives. The growth of the construction industry, particularly in emerging economies, can drive the demand for Glycol Ethers.
- Rising demand for personal care products: Glycol Ethers are used in personal care products, such as cosmetics, hair care products, and skincare formulations. As the demand for personal care products continues to rise, driven by factors like population growth, urbanization, and increasing disposable income, the Glycol Ethers market is expected to experience growth.
- Industrial and institutional cleaning applications: Glycol Ethers are effective solvents in industrial and institutional cleaning formulations. With increasing focus on cleanliness and hygiene standards across various industries, the demand for cleaning agents containing Glycol Ethers is likely to increase.
- Technological advancements and product innovation: Ongoing research and development efforts in the chemical industry can lead to the development of new Glycol Ethers with improved properties or tailored for specific applications. Technological advancements and product innovations can drive market growth by offering enhanced performance and versatility.
It's important to note that the aforementioned factors are based on trends up to September 2021, and the actual growth of the Glycol Ethers market in 2023 may be influenced by various additional factors and industry dynamics.
Key questions covered in the global Glycol Ethers Market report:
- What is the expected market size of the global Glycol Ethers Market during the forecast period?
- What factors are expected to hamper global Glycol Ethers Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
Application Outlook (Revenue, USD Million; 2019-2032)
- Industrial Use
- Paints and Coatings
- Electronics Industry
- Automotive Use
- Others
End-use Outlook (Revenue, USD Million; 2019-2032)
- Direct Solvent
- Chemical Intermediate
- Coalescing Agent
- Chemical Reagents
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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