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Glycol Ethers Market to Expand with Significant CAGR During 2024

In a recently published market research report titled “Glycol Ether Market: Global Industry Analysis and Forecast, 2016–2024,” a Persistence Market Research analyst concludes, “The US$ 6 Bn glycol ether market is slated to exceed a value of US$ 10 Bn by the end of 2024, expanding at a CAGR of over 6%. Volume-wise, the market will witness a moderate CAGR of 5.4% over the eight-year period. Asia Pacific and Europe will remain the key markets.”

By the end of 2024, the global market for glycol ether is expected to reach US$ 10.09 Bn. Overall growth outlook remains positive; the report elaborates on various influential factors associated with historic, current, and futuristic market status.

Key Driver Insights

Growing consumption by various end-use industries will remain the primary factors driving the sales of glycol ether. Rising introduction of new variant products with the help of a wide variety of eco-friendly and renewable technologies will be another key driver to market growth. Development of innovative, cost-effective products is anticipated to further boost the market for glycol ether.

PCE is widely used in degreasing and dry cleaning but is not eco-friendly and is hazardous to human health. Some forms of glycol ether on the market are identified to be the relatively decent alternatives to PCE, eventually fueling their demand in the market over the next few years.

Key Trend & Opportunity Insights

Several governments are increasingly promoting the use of P-series glycol ethers over the use of E-series glycol ethers. This trend is likely to present new opportunities for leading players. In addition to paints, coatings & adhesives, cleaners, printing inks, and cosmetic sectors are also registering significant consumption of glycol ethers.

Flourishing cleaners, printing inks and electronics & semiconductor sectors will also continue to bring in new growth opportunities. Moreover, as manufacturing and healthcare industries continue to thrive at pace, the demand for cleaning chemicals will also remain on the rise through 2024. Manufacturers are likely to capitalize over such end-use opportunities in near future.

Key Segment Insights

By product type, E-series glycol ether segment will witness a decline by 470 BPS over 2016-2024. P-series glycol ether segment will however exhibit significant growth, accounting for a whopping 71.6% revenue share in 2024.

Based on application, paints, coatings & adhesives segment will remain dominant throughout the forecast period, capturing a value share of over 53% by 2024 end. With a gain of over 100 BPS, cleaners will represent the second largest segment, reaching beyond US$ 1.8 Bn in 2024. Other application segments are likely to witness a drop in terms of BPS.

Regional Insights

By region, APAC will retain the leading regional market position and expand at the fastest CAGR of 9.9% over the forecast period. Accounting for over 40% share of the market value in 2024, this segment will experience a massive boost in BPS. This growth is attributed to substantial consumption by paints and printing ink sectors within this region, especially by water-based flexo inks manufacturing companies. Europe, despite a slight decline over the assessment period, will remain the second largest market for glycol ether.

 

 

Company Profiles 

  • The Dow Chemical Company
  • BASF Se
  • LyondellBasell Industries Holdings N.V.
  • Royal Dutch Shell plc
  • Eastman Chemical Company
  •  Sasol Limited
  • HANNONG CHEMICALS INC.
  • Dynamic International Enterprises Limited
  • Jiangsu Ruijia Chemistry Co., Ltd.

 

Glycol Ethers Market   : Table Of Contents

 

 

1. Executive Summary

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent / Associated Market Overview

3. Global Glycol Ether Market Analysis Scenario
3.1. Market Volume Analysis
3.1.1. Regional Consumption Outlook
3.2. Pricing Analysis
3.2.1. Pricing Assumptions
3.2.2. Price Projections Per Region
3.3. Market Value (US$ Mn) & Volume (KT) and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Supply Chain
3.4.2. Profitability Margins
3.4.3. List of Active Participants
3.4.3.1. Raw Material Providers
3.4.3.2. Manufacturers
3.4.3.3. Distributors
3.4.3.4. End Users

4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Trends
4.6. Forecast Factors – Relevance and Impact

5. Global Glycol Ether Market Analysis and Forecasts, By Product Type 
5.1. Segment Definition
5.2. Introduction
5.3. Basis Point Share (BPS) Analysis By Product Type
5.4. Y-o-Y Growth Projections By Product Type
5.5. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Product Type, 2015–2024
5.5.1. E-Series Glycol Ether
5.5.2. P-Series Glycol Ether
5.6. Market Absolute $ Opportunity Analysis by Product Type, 2016-2024
5.6.1. E-Series Glycol Ether
5.6.2. P-Series Glycol Ether
5.7. Market Attractiveness Analysis By Product Type

6. Global Glycol Ether Market Analysis and Forecasts, By Application 
6.1. Segment Definition
6.2. Introduction
6.3. Basis Point Share (BPS) Analysis By Application
6.4. Y-o-Y Growth Projections By Application
6.5. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Application, 2015–2024
6.5.1. Paints, Coatings & Adhesives
6.5.2. Cleaners
6.5.3. Automotive
6.5.4. Printing Inks
6.5.5. Pharmaceutical & Cosmetics
6.5.6 Chemical Intermediates
6.5.7. Electronics & Semiconductors
6.7. Market Absolute $ Opportunity Analysis by Application, 2016-2024
6.7.1. Paints, Coatings & Adhesives
6.7.2. Cleaners
6.7.3. Automotive
6.7.4. Printing Inks
6.7.5. Pharmaceutical & Cosmetics
6.7.6 Chemical Intermediates
6.7.7. Electronics & Semiconductors
6.8. Market Attractiveness Analysis By Application

7. Global Glycol Ether Market Analysis and Forecasts, By Region 
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis By Region
7.3. Y-o-Y Growth Projections By Region
7.4. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Region, 2015–2024
7.4.1. North America
7.4.2. Latin America
7.4.3. Europe
7.4.4. Asia Pacific
7.4.5. MEA
7.5. Market Absolute $ Opportunity Analysis by Region, 2016-2024
7.5.1. North America
7.5.2. Latin America
7.5.3. Europe
7.5.4. Asia Pacific
7.5.5. MEA

8. North America Glycol Ether Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.1.3. Market Absolute $ Opportunity
8.1.4. Key Regulations
8.2. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Country, 2015–2024
8.2.1. US
8.2.2. Canada
8.3. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Product Type, 2015–2024
8.3.1. E-Series Glycol Ether
8.3.2. P-Series Glycol Ether
8.4. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Application, 2015–2024
8.4.1. Paint, Coatings & Adhesives
8.4.2. Cleaners
8.4.3. Automotive
8.4.4. Printing Inks
8.4.5. Pharmaceutical & Cosmetics
8.4.6 Chemical Intermediates
8.4.7. Electronics & Semiconductors
8.5. Market Attractiveness Analysis
8.5.1. By Country
8.5.2. By Product Type
8.5.3. By Application

9. Latin America Glycol Ether Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.1.3. Market Absolute $ Opportunity
9.2. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Country, 2015–2024
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Product Type, 2015–2024
9.3.1. E-Series Glycol Ether
9.3.2. P-Series Glycol Ether
9.4. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Application, 2015–2024
9.4.1. Paint, Coatings & Adhesives
9.4.2. Cleaners
9.4.3. Automotive
9.4.4. Printing Inks
9.4.5. Pharmaceutical & Cosmetics
9.4.6 Chemical Intermediates
9.4.7. Electronics & Semiconductors
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Product Type
9.5.3. By Application

10. Europe Glycol Ether Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.1.3. Market Absolute $ Opportunity
10.1.4 Key Regulations
10.2. Market Value (US$Mn) and Volume (Kilo Tons) Forecast By Country, 2015–2024
10.2.1. Germany
10.2.2. France
10.2.3. Spain
10.2.4. Italy
10.2.5. U.K.
10.2.6. Benelux
10.2.7. Russia
10.2.8. Rest of Europe

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