Frankfort Online

Glycol Ether Market Estimated To Reach $7.1 Billion By 2025: Grand View Research, Inc.

 Breaking News
  • No posts were found

Glycol Ether Market Estimated To Reach $7.1 Billion By 2025: Grand View Research, Inc.

June 11
06:22 2019
Glycol Ether Market Estimated To Reach $7.1 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, High demand for water-soluble active ingredients across end-use industries, such as printing and personal care industries is expected to boost glycol ether market growth.

According to a report,“Glycol Ethers Market Size, Share & Trends Analysis Report By Product (E-Series, P-Series), By Application (Paints & Coatings, Printing, Pharmaceuticals, Electronics), And Regional Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global glycol ether market size is projected to reach USD 7.1 billion by 2025. It is projected to register a CAGR of 5.4% during the forecast period. Steady rise in demand for paints and coatings across developing countries is expected to drive the market.

Glycol ethers are unique products that combine the attributes of both alcohols and non-bases. The rise in demand for specialty chemicals has led manufacturers to engage in product innovation to develop offerings that perform the role of solvent along with being miscible in water. Although glycol ethers are obtained from crude oil derivatives, their lower carbon footprint has boosted popularity among application segments.

High foreign investment inflows into Asian markets have propelled the regional chemicals industry, providing impetus for glycol ether manufacturers to improve their capabilities. Asia Pacific is the largest consumer – accounting for nearly 50% of the global demand in 2017— and the fastest growing market, with majority of the demand trickling down to key end-uses, such as pharmaceuticals, personal care and cosmetics, and paints and coatings.

Paints and coatings application led the global market, with nearly 800 kilo tons being consumed in the production of architectural and automotive coatings and allied paint categories. In the post-recession era, internal rate of returns in the paints and coatings sector increased from 15.4% in 2009 to 25.1% in 2016, showing signs of stable growth with the sector being valued at over USD 130 billion globally. Concurrent to this trend, glycol ethers are expected to gain tremendous traction over the forecast period.

Key Takeaways from the report:

  • In terms of volume E-series product family accounted for 37% of the overall consumption in 2017. However, regulations surrounding its carcinogenicity and mutagenicity shall act as key restraint factors over the forecast period

  • China is a major player in the global arena, with its consumption accounting for nearly a quarter of the global shipments. Demand for glycol ether products in the country is projected to expand at a CAGR of 5.7% from 2018 to 2025

  • In the P-series product family, butyl glycol ether accounted for nearly 35% of the global market share in terms of volume in 2017. Positive demand outlook as a solvent in paints and coatings, cleaners, and inks shall propel the product at 5.5% CAGR over the forecast period

  • The glycol ether market is marked by mergers and acquisitions and strategic joint ventures in global space. For instance, Sadara Chemical Company, a joint venture between Dow Chemical Company and Saudi Aramco, was a single phase largest chemical complex which was built for the production of commercial butyl glycol ether substances, which was later on refined to produce multiple specialty chemicals.

U.S. glycol ethers market demand, by product, 2014 - 2025 (Kilo Tons)

Browse More Reports in Organic Chemicals Industry:

  • Mixed Mode Chromatography Resin Market – Rise in number of contract manufacturing organizations (CMOs) and contract research organizations (CROs) is also expected to drive the market from 2017 to 2025.
  • Chromatography Resin Market – Increasing healthcare expenditure coupled with awareness among public regarding quality and safety of food types will impel growth. 

Global glycol ethers market share, by application, 2017 (%)

 

Grand View Research has segmented the global glycol ether market on the basis of product, application, and region.

Glycol Ether Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • E-Series

    • E-series Glycol Ether

    • Ethylene Glycol Propyl Ether

    • Ethylene Glycol Butyl Ether Acetate

    • Others

  • P-Series

    • Methyl Ether

    • Butyl Ether

    • Methyl Ether Acetate

    • Others

Glycol Ether Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Paints & Coatings

  • Printing

  • Pharmaceuticals

  • Cosmetics & Personal Care

  • Electronics

  • Others

Glycol Ether Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Malaysia

    • Thailand

    • Indonesia

  • Central & South America

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/glycol-ethers-market

Categories