The global glycol ethers market has been estimated at USD XX. XX billion in 2016 and is projected to reach USD XX.XX billion by 2021, at a CAGR of X.X% during the forecast period.
Glycol ethers are most commonly used as solvents, which account for more than half of the total glycol ether consumption, in 2015. They are used in various end-user industries such as paints and coatings, where they are used as solvents and coalescing agents.
They are also used in the printing industry (in inks), cosmetics and personal care, pharmaceuticals and adhesive industry.
The market is mainly driven by an increase in the use of glycol ethers in cosmetics and personal care products.The growing end-user industries will directly lead to the increase in demand for glycol ether, thus boosting the market.
However, certain drawbacks like the volatile prices of raw material and the growing environmental and health concerns leading to various regulations regarding its use may act as roadblocks to the growth of the market.
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The glycol ethers market, on the basis of synthesis route, can be categorized into either E-series or P-series. E-series are ethylene oxide-based, whereas P-series are propylene oxide-based.
P-series glycol ethers have a larger market share and are growing fast due to the concerns regarding the toxicological effects of some E-series glycol ethers. E-series can further be divided into methyl-, ethyl-, and butyl glycol ethers.
P-series can be divided into propylene-, dipropylene-, and tripropylene glycol ethers. Regarding application, the market is segmented into solvent, anti-icing agent, hydraulic brake fluid, chemical intermediate and others.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. In terms of consumption in 2016, Asia-Pacific leads the market for both the E-series and P-series glycol ethers, with China being the single largest consumer.
The P-series consumption has recently shifted focus towards the Asian market from the European region, which dominated the market, earlier. This recent growth in the Asia-Pacific market is expected to continue during the forecast period, due to urbanization and industrialization.
Opportunities and Market Players
The focus of the governments of various developing economies, like India, on infrastructure can lead to massive increase in the demand for glycol ethers in the coming years.
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Some of the major companies dominating the market for glycol ethers production and uses are:
Eastman Chemical Company
Royal Dutch Shell PLC
The Dow Chemical Company
Key Deliverables in the Study
Market analysis for the global glycol ethers market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global glycol ethers market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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