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Glycol Ethers Market - What are the main factors that contributing towards industry growth? Key players are BASF, Dow, Eastman Chemical Company, SABIC, ExxonMobil, Sasol, Huntsman Corporation, Shell, LyondellBasell, Biesterfeld Group
Glycol Ethers Market
Growth drivers
1. Europe: Increasing inclination towards sun protection products
2. North America: Rising trends towards biodegradable products
3. Asia Pacific: Increasing focus on ecological construction & rising paints and coating industries
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Tripropylene glycol methyl ether (TPM) P-series market size from coating applications may witness significant gains at over 4% upto 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 demand from paint industries owing to their superior properties such as improving flow characteristics along with smooth lapping may enhance glycol ethers market demand. 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 market for glycol ether in paints & coatings. The glycol ethers market share is driven due to widespread use in industries & decorative applications owing to its economical nature, low toxicity levels, and biodegradable nature.
U.S. ethylene glycol propyl ether (EGPE) market demand may witness significant gains at over 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 sales of ethylene glycol propyl ethers market in architectural paints owing to characteristics such as high viscosity, solvency rates, and flash point.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Dow
3. Eastman Chemical Company
4. SABIC
5. ExxonMobil
6. Sasol
7. Huntsman Corporation
8. Shell
9. LyondellBasell
10. Hannong Chemicals Inc
11. Matrix Specialty Chemicals
12. Biesterfeld Group
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France EGBEA glycol ethers market demand may expect consumption at over 4.5 kilo tons up to 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 glycol ethers market demand may register significant gains at over 5% by the end of forecast period. Rapid increase in urbanization & manufacturing sector will boost the market for glycol ether-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 market product portfolio.
Browse key industry insights spread across 400 pages with 615 market data tables and 34 figures & charts from the report, “Glycol Ethers Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glycol-ether-market
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