The global glycol ethers market is forecast to reach USD 8,138.3 Million by 2028, according to a new report by Reports and Data. Glycol ethers [GE], with both alcohol and ether functional group in the same molecule, are considered to be one of the versatile organic solvents. These compounds are characterized by traits like chemical stability, excellent solvency, and compatibility with water along with various other organic solvents. The dual functionality of this solvent contributes to its unique solvency properties. The solvent is mild-odored that can be used in manufacturing resins, oils. GE also acts as a coupling agent for various organic or water systems. Due to its strong solvency, it is opted in various applications like coupling solvents for hard-surface cleaners, chemical reaction solvents, and solvents for insecticides, among others. The increasing demand for products with low toxicity is further boosting the growth of the market. The underlying reason being, products made with P-series glycol ethers have a low rate of toxicity, resulting in its increasing acceptance among consumers. 

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Top Companies: DowDuPont Chemical Company, BASF SE, SABIC, LyondellBasell Industries, N.V., Royal Dutch Shell PLC (Shell), Eastman Chemical Company, Sasol, Nippon Nyukazai Co. Ltd., India Glycols Limited and FBC Chemical.

Further key findings from the report suggest:

• The Glycol Ethers market held a market share of USD 91 Billion in the year 2018 that is forecasted to grow at a rate of 5.1% during the forecast period.
• In context to Product Type, the P-series segment generated a higher revenue of USD 3.88 Billion in 2018, with a CAGR of 5.4% during the forecast period. The elevated application of P-series GE in various products ranging from cleaners, degreasers, adhesives, and aerosol paints because of its low toxicity as compared to E-series products contributes to the revenue generated by this segment.
• In context to End-user, the Paints and Coatings segment is leading the market that generated the highest revenue of USD 2.21 Billion in 2018 with a growth rate of 5.3% during the forecast period. The revenue generated by the segment is attributed to the applicability of this compound as a solvent for paints and coatings that results in its extensive use in paints and coatings. The rising demand for paints and coatings from construction and automotive sector also contributes to the market share occupied by this segment.
• In context to Application, the Solvent segment generated the highest revenue of USD 2.80 Billion in 2018, with a CAGR of 5.4% during the forecast period. The applicability of the compound as a solvent in various products like dyes, grime, and grease in industrial cleaning and specialty formulations, solvents for insecticides due to its excellent solvency, contributes to the revenue generated by this segment.
• In regards to the region, North America held 0% of the market in 2018, with a growth rate of 5.2% during the forecast period. Factors like the presence of well-established, mature automotive, growth of the electronics sector is supporting the expansion of the market in this region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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Market Segmentation:

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The global Glycol Ethers market is segmented into:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• P-series
• E-series

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• Paints and Coatings
• Pharmaceuticals
• Printing
• Cosmetics and Personal Care
• Electronics
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• Solvent
• Hydraulic and Brake Fluid
• Anti-Icing Agent
• Chemical Intermediate

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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