Home > Pressrelease > Global Glycol Ethers Market Size to surpass $8.5 billion by 2025
Global Glycol Ethers Market Size to surpass $8.5 billion by 2025
- Published Date: May 6, 2019
According to a new research report by Global Market Insights Inc., the glycol ethers market size is set to surpass $8.5 billion by 2025. 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 global market.
Tripropylene glycol methyl ether (TPM) P-series segment from coating applications may register 4% gains through 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 ethers market for automotive coatings.
Growth from paint industries owing to the product’s superior properties such as improving flow characteristics along with smooth lapping may enhance the glycol ethers market share. 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 paints & coatings sector. The market is driven due to widespread use in industries & decorative applications owing to its economical nature, low toxicity levels, and biodegradable nature.
Browse key industry insights spread across 400 pages with 615 market data tables and 34 figures & charts from the report, “Glycol Ethers Market Size by Product (E-Series {Ethylene Glycol Propyl Ether (EGPE) {Paints & Coatings, Printing Inks, Pharmaceuticals, Cosmetics, Electronics}, Ethylene Glycol Butyl Ether (EGBE) {Paints & Coatings, Printing Inks, Chemical Intermediate}, Ethylene Glycol Butyl Ether Acetate (EGBEA), {Coating, Chemical Intermediates, Cleaning}, Others {Paints & Coatings, Printing Inks, Pharmaceuticals, Cosmetic & Personal Care, Electronics} , P-Series (Tripropylene Glycol Methyl Ether (TPM) {Coatings, Cleaners, Electronics, Printing Inks}, Propylene Glycol Methyl Ether (PM) {Coatings, Cleaners, Chemical Intermediates, Electronics}, Dipropylene Glycol Methyl Ether (DPM) {Coatings, Cleaners, Electronics, Adhesives}, Others {Coatings, Cleaners}), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glycol-ether-market
U.S. ethylene glycol propyl ether (EGPE) may witness significant gains of around 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 glycol ethers market segment sales in architectural paints owing to characteristics such as high viscosity, solvency rates, and flash point.
France EGBEA glycol ethers market will expect consumption at over 4.5 kilo tons by 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 segment is set to register over 5% CAGR from 2019 to 2025. Rapid increase in urbanization & manufacturing sector will boost the glycol ethers market 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.
BASF SE, Dow Chemical, Eastman Chemical, SABIC, Exxon Mobil, Sasol, Huntsman Corporation, Shell, LyondellBasell, Matric Chemicals, HanNong Chemicals and Biesterfeld are the key industrial participants in glycol ethers market. Companies are focusing to increase their geographical presence by collaborating & forming partnerships accompanied with strong focus towards research & development to enhance glycol ethers industry product portfolio.