Glycol Ethers Market Analysis | 2023-2028

Market Highlights

The Glycol Ethers Market was estimated at US$ 4.95 billion in 2022 and is expected to grow at a CAGR of 5.2% during 2023-2028 to reach US$ 6.75 billion by 2028.

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What are Glycol Ethers?

Glycol ethers are a group of solvents derived from ethylene or propylene oxide, widely used in various industrial and household products. These solvents, classified as E-series (ethylene) or P-series (propylene), serve as effective carriers in paints, cleaning agents, and cosmetics due to their dual water-soluble and water-insoluble characteristics. Commonly found in formulations for their solvent properties, glycol ethers facilitate the dissolution of diverse substances.

Despite their utility, exposure to concentrated forms can pose health risks, with some types linked to potential toxicity. Caution and adherence to safety guidelines are crucial during the handling and use of products containing glycol ethers.

Market Drivers

The growing usage of glycol ethers in cosmetics and personal care products, as well as increasing product demand in the paints and coatings industry, are the major factors fueling the growth of the market during the forecast period.

Segments Analysis

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By End-User Industry Type

The glycol ethers market is segmented as paints and coatings, printing, pharmaceuticals, cosmetics and personal care, adhesives, and others. The Paints and Coatings segment is estimated to be the dominating end-user industry in the market owing to the rapid growth in product demand from various industries such as construction, automotive, and packaging, boosting the market growth during the forecast period.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the dominating region in the market owing to growing demand for products such as paints and coatings, and adhesives from various end-user industries such as automotive, electronics, construction, and adhesives during the forecast period.

Further, countries such as India, Vietnam, China, and Indonesia being the major countries with growing demand for architectural paints and coatings, adhesives, owing to several construction projects, are expected to accelerate the regional market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major players in the glycol ethers market are-

• BASF SE
• Eastmen Chemical Company
• FBC Chemical Corp
• Ineos Group Limited
• KH Neochem Co. Ltd.
• LyondellBasell Industries NV
• Nippon Nyukazai Co. Ltd.
• Oxiteno
• Royal Dutch Shell PLC
• Sasol Limited.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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