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Glycol Ether Market to register extensive growth via cosmetics and personal care applications

Author : Ronak Bora | Published Date : 2019-08-06 

The Glycol Ether Market is set to grow from its current market value of more than $6 billion to over $8.5 billion by 2025; as reported in the latest study by Global Market Insights, Inc.

Touted as an essential component across a slew of household and industrial applications, glycol ether market size has increased with concurrent expansion of the chemicals, cosmetics, personal care, paints and pharmaceutical sectors worldwide. As a vast number of products manufactured in these segments are water-based, effective solvents are needed to ensure their stability, shelf life and performance. Supposedly, a variety of product formulations and element combinations would not be possible without the presence of glycol ethers to support their reactions.

Glycol ethers are applicable in the production of electronics and rubber products, while paints and coatings utilized by automotive OEMs represent a vital segment where glycol ether market share could witness steady expansion in the years to come. Painting of vehicles represents one of the most critical coating applications, with end products ranging from passenger cars and bikes to all kinds of trucks. Basecoats or clearcoats and topcoat enamel finishes are applied by OEMs during assembly using various paint systems, and glycol ether-based solvents are now being preferred due to their high solvency and evaporation rates.

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Suitable coatings provide various aesthetic benefits like enhanced shine and color, along with protecting against UV rays which can fade the exterior paint of a vehicle. Considering few other advantages of these solvent-based coatings and the number of vehicles produced each year, glycol ether market is poised to witness steady demand over the coming years. Evolving automotive sector, which is highlighted by increased preference towards more eco-friendly production processes, will further strengthen the industry outlook.

Dipropylene glycol methyl ether (DPM) market from adhesive applications may register gains at above 5% by the end of forecast period. Increasing demand for lightweight hybrid & electrical vehicles with higher fuel economy and lower emission levels will boost the market for adhesives across automotive industry. These adhesives find diverse usage in both external & internal applications by substituting nuts & bolts to reduce weight and thus increasing fuel efficiency. The product is compatible with aqueous solutions and wide working temperature band which will further stimulate glycol ether market share.

Europe ethylene glycol butyl ether acetate (EGBEA) market from chemical applications may exceed USD 35 million by 2025. Increasing urbanization & supportive government schemes in upgrading and modernizing chemical industry will increase glycol ether market share. Its superior properties such as such as high blush & electrical resistance, slow evaporation rate, biodegradable nature, & high solvency rate will boost its market across various chemical industries along with manufacturing printing inks, paints, coatings and automobile refinishes.

Major industry participants in glycol ether market consist of Dow Chemical, SABIC, BASF SE, Eastman Chemical, Sasol, Huntsman Corporation, Shell, Biesterfeld AG, HanNong Chemicals, and Matrix Chemicals. Companies are engaged in research to develop product portfolio, increase geographical presence along with meeting regulatory norms which may further promote glycol ether market growth.

Glimpse of Table of Content (ToC)

Chapter 3 Glycol Ether Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2014 – 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Distributors

3.3.2.2 Contract Manufacturing

3.3.2.3 Suppliers

3.4 Regulatory/Legislative Framework

3.4.1 U.S.

3.4.2 European Union (EU)

3.5 Technology Landscape

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 Europe: Increasing inclination towards sun protection products

3.6.1.2 North America: Rising trends towards biodegradable products

3.6.1.3 Asia Pacific: Increasing focus on ecological construction & rising paints and coating industries

3.6.2 Industry pitfalls & challenges

3.6.2.1 Stringent research process and clinical trials for personal use applications

3.7 Pricing analysis

3.7.1 Ethylene Glycol Propyl Ether (EGPE)

3.7.2 Ethylene Glycol Butyl Ether (EGBE)

3.7.3 Ethylene Glycol Butyl Ether Acetate (EGBEA)

3.7.4 Other E-series

3.7.5 Tripropylene glycol methyl ether (TPM)

3.7.6 Propylene glycol methyl ether (PM)

3.7.7 Dipropylene glycol methyl ether (DPM)

3.7.8 Other P-series

3.8 Growth potential analysis, 2018

3.8.1 Emerging Business Models

3.8.1.1 New product launch

3.8.1.2 Acquisition

3.9 Porter’s analysis

3.10 Competitive landscape, 2018

3.10.1 Company market share analysis, 2018

3.10.2 Strategy dashboard

3.11 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/glycol-ether-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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