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Glycol Ether Market to exceed $8.5bn by 2025: Global Market Insights, Inc.

Author : Ravi Chawat | Published Date : 2020-10-15 

The glycol ether market is poised to rise from USD 6 billion in 2018 to around USD 8.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing consumer demand for quality cosmetics owing to rise in disposable income along with shift in consumer perceptions on dermatological aspects of overall health is likely to drive the market demand. Glycol ether is widely used as base in sunscreens & lotions owing to its miscibility characteristics with organic solvents and water.

Tripropylene glycol methyl ether (TPM) P-series market size from coating applications may witness significant gains at over 4% upto 2025. Rise in disposable income & stringent environment regulations on fuel efficiency & environmental regulations will boost the market for hybrid and electrical vehicles. It is widely used to manufacture coatings to protect vehicles from external environmental factors such as UV radiation. Changing consumer perceptions towards aesthetic features of automobiles will boost the glycol ether market for automotive coatings.

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Growth demand from paint industries owing to their superior properties such as improving flow characteristics along with smooth lapping may enhance glycol ethers market demand. Increasing construction spending on residential & commercial projects such as universities, hospitals, libraries, and offices in developing economies of Asia and Eastern European countries such as Ukraine, Czech Republic, and Slovenia will boost the market for glycol ether in paints & coatings. The glycol ether market share is driven due to widespread use in industries & decorative applications owing to its economical nature, low toxicity levels, and biodegradable nature.

U.S. ethylene glycol propyl ether (EGPE) market demand may witness significant gains at over 4.5% during the forecast period. Increasing awareness on harmful effects of lead paints on cognitive development of children will boost the market for glycol-based paints & coatings owing to their nontoxic & water solvent nature and biodegradable characteristics. Robust gains in renovation and construction activity will boost the sales of ethylene glycol propyl ethers market in architectural paints owing to characteristics such as high viscosity, solvency rates, and flash point.

https://www.gminsights.com/industry-analysis/glycol-ether-market

France EGBEA glycol ether market demand may expect consumption at over 4.5 kilo tons up to 2025. Strict regulatory framework by European Union regarding automobile emissions & environmental regulations, rising population and automobile production will boost the market for hybrid & electric vehicles. Glycol based automotive coatings enhances appearance, durability and protects from harsh environmental conditions such as extreme temperatures and acid rain.

China PM glycol ethers market demand may register significant gains at over 5% by the end of forecast period. Rapid increase in urbanization & manufacturing sector will boost the market for glycol ether-based disinfectants and cleaners. Increasing geriatric working population due to longer life spans and change in consumer perceptions towards cleanliness will stimulate market demand owing to its nontoxic nature, compatibility with aromatic compounds, and biodegradable nature.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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