Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.59 Billion | USD 11.99 Billion | 5.22% | 2023 |
According to Zion Market Research, the global Glycol Ether Market was worth USD 7.59 Billion in 2023. The market is forecast to reach USD 11.99 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.22% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Glycol Ether industry over the next decade.
The Glycol Ether Market refers to the global industry involved in the production, distribution, and application of glycol ethers, a group of solvents with both hydrophilic (water-attracting) and hydrophobic (water-repelling) properties. These versatile chemicals are widely used in a range of industries, including paints and coatings, cleaning products, pharmaceuticals, and cosmetics. Glycol ethers are valued for their excellent solvency, low volatility, and ability to enhance the performance of formulations in both water-based and solvent-based systems. The market is driven by growing demand in sectors such as automotive, construction, and personal care, where glycol ethers play a key role in improving product performance. Environmental concerns and regulatory standards are shaping the development of eco-friendly glycol ethers, which are expected to drive future market growth, especially in developed regions.
Glycol ethers are the type of molecules that form a chain of more than eighty derivatives. Moreover, due to their excellent solubility property, they are used as solutes in organic solvents as well as water. Nearly thirty glycol ethers find massive industrial applications as solvents in paints & coatings activities. These products are combined with a spectrum of items like varnishes, diluents, adhesives, cleaning products, inks, cosmetics, mechanics items, and metallurgy items. They have been extensively utilized as stabilizers & solvents in Printing, industrial, and personal items since last few decades.
More prominently, the compounds are also termed as e-series as well as p-series based on their production from propylene oxide or ethylene oxide. Furthermore, the e-series glycol ethers are used in inks, pharmaceuticals, water-based paints, cosmetics, sunscreens, and dyes. While, p-series glycol ethers find lucrative applications in adhesives, degreasers, aerosol paints, and cleaners. Apparently, a large number of these compounds are soluble in water and are biodegradable.
Report Attributes | Report Details |
---|---|
Report Name | Glycol Ether Market |
Market Size in 2023 | USD 7.59 Billion |
Market Forecast in 2032 | USD 11.99 Billion |
Growth Rate | CAGR of 5.22% |
Number of Pages | 110 |
Key Companies Covered | The Dow Chemical Company, HanNong Chemicals, Sasol, Shell, Biesterfeld, SABIC, Matric Chemicals, BASF SE, Exxon Mobil, LyondellBasell Industries, Eastman Chemical, and Huntsman Corporation |
Segments Covered | By Raw Material, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The massive utilization of glycol ethers for reducing the viscosity of paints to improve its flow while eliminating brush marks will facilitate the product sales, thereby helping market attain huge profits over the forecasting years. Moreover, glycol ethers are utilized as tailing solvents for regulating the rate of evaporation in the printing industry. In addition to this, the product is used as an effective low-cost substitute for fatty acid isopropyl ethers in cosmetic production.
Apparently, the compound finds plethora of applications in few of the personal care items as a preservative. The market seems to have a huge growth potential with thriving vehicle production and construction activities cross the globe. Apart from this, with demand for industrial & architectural coatings gaining momentum, the glycol ethers market is likely to gain traction over the ensuing years.
The global glycol ethers market report illustrates a comprehensive market analysis by categorizing it based on the raw material, application, and region.
By raw material, the latest report segments the market into E-series and P-series glycol ethers.
By applications, the global market is divided into printing, electronics, paint & coatings, cosmetics & personal care, pharmaceuticals, and others.
By geography, the report segregates the global market into renowned regions. The glycol ethers manufactured from two different types of raw materials, E-series and P-series, have different applications. The glycol ethers manufactured from E series raw material are used in water-based paints, personal care products, inks, and pharmaceuticals, while glycol ethers manufactured from P series are primarily used in aerosol paints, adhesives, cleaners, and coatings.
Asia Pacific Market To Witness Remarkable Growth Over 2024–2032
The growth of the market in the region during the forecast timespan is owing to huge demand for the compound in paint & coatings, electronics & semiconductors, construction, adhesives, and cleaners. Countries like China are anticipated to account for the major revenue share of the Asia Pacific industry over the estimated timeline.
Key players influencing the market progress are
The global glycol ethers market is segmented as follows:
By Raw Material:
By Application:
By Region
FrequentlyAsked Questions
The massive utilization of glycol ethers for reducing the viscosity of paints to improve its flow while eliminating brush marks will facilitate the product sales, thereby helping market attain huge profits over the forecasting years.
The CAGR of the industry is expected to be nearly 5.22% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include The Dow Chemical Company, Sasol, BASF SE, Shell, Biesterfeld, SABIC, Matric Chemicals, Exxon Mobil, LyondellBasell Industries, Eastman Chemical, HanNong Chemicals, and Huntsman Corporation.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed