Global Glycol Ethers Market
Global Glycol Ethers Market Report Description:
Global Glycol Ethers market report gives comprehensive outlook on glycol ethers across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global glycol ethers market gives historical, current, and future market sizes (US$ Mn) on the basis of product, application, end user and region. This report studies global glycol ethers market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global glycol ethers market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global glycol ethers market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global glycol ethers market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global glycol ethers products.
Global Glycol Ethers Market:
The global Glycol Ethers market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors influencing the market growth include increasing consumption of water-based coatings, rising use in cosmetics & personal care products, industrialization and infrastructure development in developing economies and growing demand from end user industries. However, strict regulations and fluctuating raw materials are some factors restricting the market growth.
Increasing Use in Cosmetics and Personal Care Products
Glycol ethers have many uses these include use as solvents and as an ingredient in cleaning compounds, liquid soaps, and cosmetics. Glycol ethers as solvents and couplers in many formulations. These properties allow glycol ethers to prevent a component from separating out of the formulation, and to help maintain the clarity of a cosmetic formulation, even when the product is exposed to temperature extremes in shipping and storage. Because of their low human toxicity (however, overexposure or spillage during handling should be strictly avoided as a matter of good safety practice) and desirable formulation properties they are a frequently used additive in cosmetics, personal care products from shampoo, soaps, creams, ointments, deodorant and toothpaste to laundry detergents. Such positive properties is expected to drive the cosmetics and personal care industry which is likely to fuel the growth of the market.
Fluctuating Raw Material Prices are hampering the Market
There is a harmful stimulus on the global pricing scenario due to fluctuating raw materials and utilities strictly limit profitability of manufacturers. Moreover, strict regulations concerning to the toxic nature of ethylene oxide-based derivatives is further restricting the market.
Asia Pacific Accounts for Larger Market Revenue Share in Global Glycol Ethers Market
Asia Pacific accounted for larger revenue share in global glycol ethers market with considerable CAGR. The growth in this region can be attributed to increasing demand from the automotive sector and demand for eco-friendly coatings. Increasing expenditure of the government to increase the rate of industrialization is another factor responsible for the market growth, Also, China is the main contributor for the growth of the market in this region. The region is also expected to continue its dominance in the coming years.
Competition Assessment
Key player’s profiles in the global glycol ethers market include:
- BASF SE (Germany)
- DowDuPont (U.S)
- Eastman Chemical Company (U.S)
- India Glycols Limited (India)
- INEOS (U.K)
- KH Neochem Co. Ltd (Japan)
- Oxiteno (Brazil)
- Recochem Inc.(Canada)
- Royal Dutch Shell PLC (Netherlands)
- SABIC (Saudi Arabia)
- Sadara (Sadara)
- Sasol Limited (South Africa)
Global Glycol Ethers market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Jun 2018: Dow expanded its global glycol ethers production and invests in US alkoxylation facility. This expansion is in addition to various incremental debottlenecking projects being conducted across the company’s global alkoxylation production units.
Key Findings of the Report:
- Global glycol ethers market expanding at significant CAGR over 2019 to 2025 owing to growing use in paints & coatings industry
- Based on product, E-series segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global Glycol Ethers market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Product Type
- E-Series
- E-series Glycol Ether
- Ethylene Glycol Butyl Ether Acetate
- Ethylene Glycol Propyl Ether
- Others
- P-Series
- Butyl Ether
- Methyl Ether
- Methyl Ether Acetate
- Others
By Application
- Solvent
- Anti-Icing Agent
- Hydraulic & Brake Fluid
- Chemical Intermediate
By End User
- Printing
- Pharmaceuticals
- Paints and Coatings
- Cosmetics and Personal Care
- Adhesives
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
