Glycol Ethers Market size is expected to reach USD 7.82 Billion By 2027, rising at a market growth of 5.1% CAGR during the forecast period | BASF SE, SABIC, LyondellBasell Industries, N.V., etc

The expansion of major end-use industries and associated elevated demand for glycol ethers, the rising demand for water-based surface coatings, have resulted in boosting the Glycol Ethers market.

Market Size - USD 4.91 Billion in 2018, Market Growth - CAGR of 5.1%, Market Trends -The elevating demand for water-based surface coatings

The global glycol ethers market is forecast to reach USD 7.82 Billion by 2027, 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.

In context to region, Europe can be seen to occupy a significant market share. The market share held by this region is resultant of the expansion of the electronics industry, rising demand for paints & coating from the construction sector, and well-established cosmetic industry.

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Key participants include The 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.

For the purpose of this report, Reports and Data have segmented the global Glycol Ethers market according to Product Type, End-user, Application, and Region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
P-series
E-series

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Paints and Coatings
Pharmaceuticals
Printing
Cosmetics and Personal Care
Electronics
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Solvent
Hydraulic and Brake Fluid
Anti-Icing Agent
Chemical Intermediate

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SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More

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 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.

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Key features of the Glycol Ethers Market Report:

Detailed overview of the Glycol Ethers market
In-depth analysis of the evolving market scenario
Latest industry trends and technological advancements
A regional outlook of the Glycol Ethers market
Extensive qualitative and quantitative analysis
Additional information about leading companies, their manufacturing processes, production plants, and competitors are also provided for each manufacturer
Market Sales, Revenue, Price, and gross revenue, profit margin, information pertaining to each product type including Key Raw Materials Analysis, Pricing structure,
Supply Chain analysis, Feedstock Sourcing Strategy, Upstream applications, and Downstream buyers, and vendor landscape.

........and more in complete table of Contents

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