Glycol Ethers Market Size & Growth Analysis to 2030

The global glycol ethers market size is anticipated to register a significant CAGR of around 5.5% during the forecast period 2021 to 2027. The increasing demand for cosmetics and personal care products around the world is a major factor to drive the market growth. Furthermore, the growing demand for paints and coatings is expected to propel the market growth. Moreover, the strong demand for the water-soluble active ingredient and the growing consumption of water-based coating is anticipated to fuel the market growth over the forecast period.

Market Drivers:

Increasing demand from the paints and coatings industry: Glycol ethers are widely used as solvents in the paints and coatings industry. They enhance the performance of coatings by improving their viscosity, flow, and drying characteristics. With the growth of the construction and automotive sectors, there is a rising demand for paints and coatings, thereby driving the demand for glycol ethers.

Growing demand from the pharmaceutical and personal care industries: Glycol ethers find applications in the pharmaceutical and personal care industries. They are used as solvents in the formulation of medications, cosmetics, and personal care products. The expanding pharmaceutical and personal care sectors, driven by factors such as population growth, changing lifestyles, and increasing consumer awareness, contribute to the growth of the glycol ethers market.

Rising demand for cleaning products: Glycol ethers are utilized in the formulation of cleaning products, such as household cleaners, industrial degreasers, and automotive cleaning agents. These solvents help in the removal of dirt, grease, and stains. The growing focus on cleanliness, hygiene, and sanitation, particularly in commercial and residential sectors, drives the demand for cleaning products, thereby fueling the glycol ethers market.

Advantages as coupling agents and coalescents: Glycol ethers act as coupling agents and coalescents in various applications. They improve the compatibility of different ingredients in formulations, enhance film formation, and aid in the dispersion of pigments and resins. These properties make glycol ethers valuable in industries such as adhesives, textiles, and printing inks. The demand for glycol ethers is driven by the need for efficient coupling agents and coalescents in these industries.

Use as extractive agents in chemical processes: Glycol ethers are employed as extractive agents in chemical processes, particularly in extractive distillation and solvent extraction. They help in the separation and purification of chemical compounds, contributing to the efficiency and effectiveness of these processes. The growth of the chemical industry, driven by factors such as industrialization, technological advancements, and the need for specialty chemicals, drives the demand for glycol ethers as extractive agents.

Increasing environmental regulations and sustainability considerations: Glycol ethers are considered to be relatively safer solvents compared to certain conventional solvents. They have lower volatility, lower toxicity, and lower emissions of volatile organic compounds (VOCs). As a result, glycol ethers are favored by industries that prioritize environmental compliance and sustainability. The implementation of stringent environmental regulations and the adoption of eco-friendly practices drive the demand for glycol ethers.

Technological advancements in production processes: Ongoing advancements in production processes have led to improved efficiency and cost-effectiveness in the manufacturing of glycol ethers. These advancements include innovative catalysts, reaction conditions, and process optimization techniques. Technological developments contribute to the availability of a wide range of glycol ethers at competitive prices, supporting market growth.

Growth in emerging economies: The glycol ethers market is influenced by the economic growth and industrialization of emerging economies. Countries such as China, India, Brazil, and Southeast Asian nations are witnessing rapid industrial development and urbanization. This drives the demand for glycol ethers across various industries, including paints and coatings, pharmaceuticals, and cleaning products.

Research and development activities: Continuous research and development activities in the field of glycol ethers lead to the development of new products with enhanced properties and performance characteristics. Companies invest in research to improve the efficiency, safety, and sustainability of glycol ethers. Innovations resulting from research and development efforts drive market growth by expanding the application possibilities of glycol ethers.

Market Outlook:

Market Insights:

The global glycol ethers market is bifurcated into product, application, and geography. On the basis of product, the market is further segmented into E-series and P-series glycol ethers. The P-series segment dominated the global glycol ethers market in 2020 and estimated to hold the largest revenue share of around two-third of the market by the end of the analysis period. The high demand for p-series glycol ethers due to their low toxicity level is a major factor to drive the segment growth.

On the basis of application, the market is segmented into Paints & Coatings, Cosmetics & Personal Care, Electronics, and Others. The paints & coatings segment dominated the global glycol ethers market in 2020 and accounted to hold the largest revenue share of over one-third percent of the market by 20207. The increasing construction industry, growing automotive industry, and packaging sector is expected to increase paints and coatings activity which is expected to drive the segment growth over the forecast period. Furthermore, the growth in residential and commercial construction is further anticipated to fuel the segment growth.

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The glycol ethers comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The glycol ethers market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Product:

• E-Series
• P-Series

By Application:

• Paints & Coatings
• Printing
• Pharmaceuticals
• Cosmetics & Personal Care
• Electronics
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, the Asia Pacific dominated the global glycol ethers market in 2020 and estimated to hold the largest revenue share of around one-third percent of the market. The increasing demand for adhesives, paints, coatings, printing ink, is a major factor to drive the market growth in the region. Furthermore, the increasing demand for the product from various end-use industries such as automotive, construction, and packaging is further expected to fuel the market growth in the Asia Pacific. Moreover, the rising adoption of western culture is expected to increase the demand for cosmetic and personal care products, which is expected to fuel the market growth in the region.

Competitive Assessment

Some of the major market players operating in the global glycol ethers market are BASF SE, Eastman Chemicals Company, Royal Dutch Shell, Dow, and India Glycols Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• BASF SE
• Eastman Chemicals Company
• Royal Dutch Shell
• Dow
• India Glycols Ltd.
• LyondellBasell Industries NV
• FBC Chemical Corp.
• Ineos Group Limited
• Nippon Nyukazai Co. Ltd.
• Recochem, Inc.

Key Questions Answered by Glycol Ethers Market Report

• Global glycol ethers market forecasts from 2021-2027
• Regional glycol ethers market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• Glycol ethers submarket forecasts from 2021-2027 cover the market by product, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about glycol ethers market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level glycol ethers markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the glycol ethers market