Global Glycol Ethers market trends 2024, Forecast To 2033
1 Feb, 2024
The glycol ethers market has demonstrated robust growth, increasing from $7.31 billion in 2023 to $7.94 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period is attributed to the paints and coatings industry, the printing industry, cleaning and household products, industrial manufacturing, and advancements in the chemical industry. The market is expected to witness strong growth, reaching $11.12 billion in 2028, with a CAGR of 8.8%. Contributing factors include green cleaning products, electronics and semiconductor manufacturing, healthcare and pharmaceuticals, renewable feedstock, and research and development. Major trends in the forecast period include low-VOC paints and coatings, digital printing technologies, renewable feedstock exploration, safety and health regulations, and aerospace coatings.
Global Glycol Ethers Market Key Driver
The glycol ether market is witnessing rapid growth attributed to the booming personal care and cosmetic industry. With the beauty industry expected to surpass $120 billion by 2025, glycol ethers play a significant role in various personal care and cosmetic products. This surge in demand contributes to the growth of the glycol ether market.
Get A Free Sample Of The Global Glycol Ethers Market ReportGlobal Glycol Ethers Market Segments
The global glycol ethers market covered in this report is segmented –
1) By Type: E-Series, P-Series
2) By Application: Solvent, Anti-icing, Hydraulic and Brake Fluid, Chemical Intermediates
3) By End User: Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives, Other End-Users
By Geography: The regions covered in the Glycol Ethers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the glycol ether market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the glycol ethers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Glycol Ethers Industry Players
Dow Chemical Company, HanNong Chemicals Inc., BASF SE, INEOS Group Ltd., India Glycols Limited, Solvay SA, Shell plc, Jiangsu Yida Chemical Co. Ltd., China Petroleum & Chemical Corporation, Huntsman International LLC, Nippon Nyukazai Co. Ltd., Oxiteno LLC, KH Neochem Co. Ltd., Sasol Limited, Eastman Chemical Company, LyondellBasell Industries, Saudi Basic Industries Corporation, CCP Industries, Celanese Corporation, Reliance Industries Limited, Emerald Performance Materials LLC, FBC Chemical Corp, Guangdong Runhua Chemicals Co. Ltd., IGL Coatings, NARCHEM Corporation, NOF Corporation, PetroChina Company Limited, PCC Rokita SA, UBE Industries Ltd., Wujiang Dongang Chemical Co. Ltd.
Get The Full Global Glycol Ethers Market ReportGlycol Ethers Market Overview
The glycol ethers are used as solvents and stabilizers in a variety of personal, household, and industrial products. Glycol ethers are a large group of solvents that are colorless liquids with a higher boiling point, a slight odor, and a lower molecular weight compared to other solvents. The ether groups would introduce additional sites for hydrogen bonding with improved hydrophilic solubility performance.
Glycol Ethers Global Market Report 2023 provides data on the global glycol ethers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The glycol ethers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.