Share
Glycol Ethers Market: By Type (E-Series, P-Series), By Application (Solvent, Anti-Icing, Hydraulic & Brake Fluid, Chemical Intermediates), By End Use Industry (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Glycol Ethers are members of the family of the chemical substance comprising Alkyl ethers based on glycols like ethylene glycol or propylene glycol. They are frequently used in paints and cleansers as solvents. They have greater boiling points than ethers and alcohols with lower molecular weights, yet they exhibit acceptable solvent characteristics. Besides being used as solvents, glycol ethers are also a component of cleaning agents, liquid soaps, and cosmetics. Workers who are acutely exposed to high concentrations of glycol ethers develop narcosis, severe liver, pulmonary edoema, and kidney damage. E-Series and P-Series are the key categories of glycol ethers. Glycol diethers and glycol ether acetates are created by undergoing additional chemical reactions using glycol ethers from the E-series and P-series.
Glycol Ethers Market to surpass USD 11.5 billion by 2032 from USD 6.23 billion in 2021 at a CAGR of 5.7% in the coming years, i.e., 2022-32. The demand for glycol ethers is predicted to rise in the personal care, paints & coatings, cleaning, printing, and pharmaceutical industries during the forecast period. The demand for Glycol Ether is also being driven by its increased use in personal care goods and cosmetics for the formulation of hair and skin products, shampoos, bath products, and personal hygiene products.
Glycol Ethers Market is categorized on the basis of Type into E-Series, P-Series. The P-series segment dominated the global Glycol Ethers Market, due to the sudden increase in the demand for personal care products and the public's increased knowledge of healthcare issues and the benefits of personal care products. Body washes, shampoos, and soaps can all benefit from using glycol ethers due to their low surface tension and low toxicity.
Glycol Ethers Market is categorized on the basis of End Use Industry into Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, and Others. The global glycol ethers market was driven by the paints and coatings segment due to speedy automation and industrialization. The need for paints and coatings has increased due to the quick growth of infrastructure in developing nations like India, China, and Brazil. The market is growing due to the increasing use of corrosion inhibitor coatings on metal items used in the aerospace, automotive, and defense industries.
Figure - Market Analysis of Global Glycol Ethers Market
Glycol ethers are widely used in the production of printing inks due to their quick drying characteristics and compatibility with high-speed roll-to-roll yardage printing, therefore rising economic growth is anticipated to drive the demand for printing inks. In many different industries, including publishing print items like books, journals, newspapers, magazines, and technical printed documents, printing inks are used.
The Usefulness of Glycol Ether and Growing Demand as a Raw Ingredient
Glycol ether is a helpful solution in the production of numerous personal care products due to its high boiling point and outstanding solvent properties. Due to the extensive use of personal care products, there is a high demand for glycol ether as a raw ingredient. Over the estimated period, this is anticipated to fuel industry growth. Moreover, during the anticipated period, end users' increasing use and consumption of water-based coatings will promote the Glycol Ethers Market growth.
Strict rules established by numerous organizations on the use of glycol ether in consumer goods are the main factor limiting the market's growth. As a result of low level and direct exposure to the substance, people may also experience side effects like upper respiratory tract irritation, conjunctivitis, temporary ocular clouding, headache, and nausea. The market growth is anticipated to be hampered by the growing concern about these negative effects.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Glycol Ethers Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific currently holds a major share of the Glycol Ethers Market due to the expanding industrial and construction activity in developing countries like India, Indonesia, the Philippines, and Vietnam. Furthermore, the market in this region is growing as a result of the strong demand for personal care goods.
Regulations on fuel emissions have increased the demand for glycol ethers in North America since it is a type of low emission oxygenated diesel fuel. The increased demand for glycol ethers in Europe is due to the region's growing consumer awareness and expanding personal care industry. The rising pharmaceutical industry in Latin America will be a major factor in the Glycol Ethers Market growing in that region. Glycol ethers will also experience growth in the Middle East and Africa due to the region's expanding industries' increasing demand for paints, adhesives, and coatings.
The COVID-19 pandemic is affecting several businesses, but the chemical industry was one of the few that was largely affected. The COVID-19 has a significant negative impact on the automobile and construction sectors, which also has an effect on the Glycol Ethers Market. The market is being significantly impacted by the slowdown in construction operations caused by a shortage of personnel and raw material supplies.
REPORT ATTRIBUTE |
DETAILS |
|
Market Size Value in 2021 |
USD 6.23 billion |
|
Revenue Forecast in 2032 |
USD 11.5 billion |
|
Growth Rate |
CAGR of 5.7% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments Covered |
Type, Application, End Use Industry, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key Companies Profiled
|
BASF SE, The Dow Chemical Company, INEOS, Lyondellbasell, Eastman Chemical Company, Huntsman Corporation, India Glycols Limited, Oxiteno, KN Neochem, HanNong Chemicals, Kemipex, FBC Chemical, Henan GP Chemical, Nippon Nyukazai, Jangsu Yida Chemical, and Other Prominent Players. |
The Glycol Ethers Market size was estimated at USD 6.23 billion in 2021 and is expected to reach USD 11.5 billion in 2032.
Glycol Ethers are members of the family of the chemical substances comprising Alkyl ethers based on glycols like ethylene glycol or propylene glycol. They are frequently used in paints and cleansers as solvents.
The P-Series and Paints & Coatings segments accounted for the larger share of the Glycol Ethers Market.
Key players in the Glycol Ethers Market are BASF SE, The Dow Chemical Company, INEOS, Lyondellbasell, Eastman Chemical Company, Huntsman Corporation, India Glycols Limited, Oxiteno, KN Neochem, HanNong Chemicals, Kemipex, FBC Chemical, Henan GP Chemical, Nippon Nyukazai, Jangsu Yida Chemical, and Other Prominent Players.
The major drivers of the Glycol Ethers Market are the increasing demand for printing inks and the rising demand for glycol ether in the personal care, paints & coatings, cleaning, printing, and pharmaceutical industries during the forecast period.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
