What Transformation Has the Glycol Ethers Market Undergone?
The glycol ethers market has seen considerable growth due to a variety of factors.
• Recently, the glycol ethers market size has seen considerable growth. The market is projected to expand from $7.89 billion in 2024 to $8.55 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.3%.
Factors contributing to the growth during the historic period can be traced back to the paints and coatings industry, the printing industry, the cleaning and household products sector, industrial manufacturing, and advancements in the chemical industry.
How Will The Glycol Ethers Market Size Evolve In The Foreseeable Future?
The glycol ethers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for glycol ethers is predicted to experience significant expansion in the upcoming years, expected to rise to $12.32 billion by 2029 with a compound annual growth rate (CAGR) of 9.6%.
Factors contributing to this predicted growth during the forecast period include the use of green cleaning products, the manufacturing of electronics and semiconductors, healthcare and pharmaceutical industries, renewable feedstock, and research and development efforts. Key trends anticipated during this forecast period encompass low-voc paints and coatings, advancements in digital printing technologies, exploration of renewable feedstock, safety and health regulations, and aerospace coatings.
Which Key Drivers Are Propelling The Glycol Ethers Market's Growth?
The expected expansion in the cosmetic and personal care sector is anticipated to drive growth in the glycol ether market. Glycol ethers are commonly found in a spectrum of personal care and cosmetic products, including hair care, cleanliness, and skincare products, and bath items. The beauty and cosmetics industry involves producing items related to beauty and cosmetics. For example, US-based online publisher, Exploding Topics, predicts the beauty sector's revenue will surpass $120 billion by 2025. Consequently, the growth surge in the cosmetic and personal care sectors fuels the glycol ether market.
What Are The Key Segments Within The Global Glycol Ethers Market?
The 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
Subsegments:
1) By E-Series: Ethylene Glycol Ether Acetates, Ethylene Glycol Ethers
2) By P-Series: Propylene Glycol Ether Acetates, Propylene Glycol Ethers
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How Are New Trends Impacting The Size Of The Glycol Ethers Market?
In the glycol ether market, the trend of forming strategic alliances is becoming increasingly prevalent. To consolidate their market positions, prominent companies in the glycol ether industry are pursuing such partnerships. As an illustrative example, the Saudi Arabian Oil Company (Aramco) forged ties with China Petroleum and Chemical Corporation in March 2022 through its subsidiary, Saudi Aramco Asia Company Limited (SAAC). This partnership has not only strengthened the preexisting relationship with Sinopec but also elevated their standing in the Asian market. China Petroleum and Chemical Corporation operates as an energy and chemical company based in China.
Who Are the Key Players in the Glycol Ethers Market?
Major companies operating in the glycol ethers market include:
• 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
• NOF Corporation
• PetroChina Company Limited
• PCC Rokita SA
• UBE Industries Ltd.
• Wujiang Dongang Chemical Co. Ltd.
What are the Regional Insights into the Glycol Ethers Market?
North America was the largest region in the glycol ether market in 2024. Asia-Pacific is 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.
