Glycol Ethers Market Analysis | 2023-2028

Market Highlights

The glycol ethers market was estimated at USD 4.95 billion in 2022 and is likely to grow at a CAGR of 5.2% during 2023-2028 to reach USD 6.75 billion in 2028.

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Market Dynamics

Introduction

Glycol ethers are a group of solvents derived from ethylene or propylene oxide, widely used in various industrial and household products. These solvents, classified as E-series (ethylene) or P-series (propylene), serve as effective carriers in paints, cleaning agents, and cosmetics due to their dual water-soluble and water-insoluble characteristics. Commonly found in formulations for their solvent properties, glycol ethers facilitate the dissolution of diverse substances.

Despite their utility, exposure to concentrated forms can pose health risks, with some types linked to potential toxicity. Caution and adherence to safety guidelines are crucial during the handling and use of products containing glycol ethers.

Market Drivers

The growing usage of glycol ethers in cosmetics and personal care products, as well as increasing product demand in the paints and coatings industry, are the major factors fueling the growth of the market during the forecast period.

Segments Analysis

By End-User Industry Type

The glycol ethers market is segmented as paints and coatings, printing, pharmaceuticals, cosmetics and personal care, adhesives, and others. The Paints and Coatings segment is estimated to be the dominating end-user industry in the market owing to the rapid growth in product demand from various industries such as construction, automotive, and packaging, boosting the market growth during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the dominating region in the market owing to growing demand for products such as paints and coatings, and adhesives from various end-user industries such as automotive, electronics, construction, and adhesives during the forecast period.

Further, countries such as India, Vietnam, China, and Indonesia, being the major countries with growing demand for architectural paints and coatings and adhesives owing to several construction projects, are expected to accelerate the regional market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major players in the glycol ethers market are:

• BASF SE
• Eastmen Chemical Company
• FBC Chemical Corp
• Ineos Group Limited
• KH Neochem Co. Ltd.
• LyondellBasell Industries NV
• Nippon Nyukazai Co. Ltd.
• Oxiteno
• Royal Dutch Shell PLC
• Sasol Limited.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s glucol ethers market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our glycol ethers market report from the industry stakeholders, we have tried to further accentuate our research scope to the glycol ethers market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The glycol ethers market is segmented into the following categories:

By Type

• E-series
• P-series

By Application Type

• Solvent
• Anti-Icing Agent
• Hydraulic and Brake Fluid
• Chemical Intermediate

By End-User Industry Type

• Paints and Coatings
• Printing
• Pharmaceuticals
• Cosmetics and Personal Care
• Adhesives
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].