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Glycol Ether Market to witness commendable growth from automotive applications
Glycol Ether Market
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According to an in-depth research study conducted by Global Market Insights, Inc., glycol ether market size is expected to surpass $8.5 billion by 2025.
Soaring demand for electric and hybrid vehicles with lightweight, lower emissions, and superior fuel economy is anticipated to fuel Dipropylene glycol methyl ether (DPM) market from adhesives application segment. Adhesives are widely used in internal and external applications in vehicles to decrease weight and raise fuel efficiency by replacing nuts & bolts. DPM adhesives are well-suited for use with aqueous solutions and a wide working temperature band. Dipropylene glycol methyl ether market size from adhesives applications is likely to grow at a 5% CAGR over 2019-2025.
Global glycol ether market forecast will be fueled by escalating demand for high-quality cosmetic products on account of increased consumer affordability. Changing consumer outlook towards dermatological health will accelerate the consumption of sunscreens and lotions. Robust demand from paints & coatings industry owing to miscibility characteristics will further drive the business growth over the analysis timeline.
Increasing focus on development of smart cities coupled with growing construction and renovation activities is anticipated to boost E series glycol ether market demand. Rising investment on residential and commercial projects for the development of hospitals, offices, universities and libraries in emerging countries of Asia as well as European countries including Slovenia, Ukraine and Czech Republic will favor glycol ether industry trends in the coming years.
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Tripropylene glycol methyl ether market share from coatings application is predicted to record a 4% CAGR between 2019-2025. Strict government norms pertaining to fuel efficiency and toxicity levels is increasing the adoption of electric and hybrid electric vehicles.
E series glycol ether market has been gaining significant traction due to rising construction of smart cities and renovation activities across the world. The product has found massive applications in the production of coatings and paints. It offers several beneficial properties, such as coalescing, slow evaporation rate, and miscibility with water & organic solvents. Shifting preference towards sustainable construction activities owing to stringent regulations pertaining to toxicity levels in coatings will propel glycol ether market growth.
Major key players profiled in the glycol ether market are BASF, The Dow Chemical Company, Eastman Chemical Company, SABIC, Exxon Mobil Corporation, Sasol, Huntsman Corporation, Shell, LyondellBasell Industries, Hannong Chemicals Inc, Matrix Chemicals, Biesterfeld AG.
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https://www.prnewswire.com/news-releases/the-liquid-synthetic-rubber-market-to-surpass-a-12-billion-valuation-by-2026-says-global-market-insights-inc-301109326.html
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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Global Market Insights, Inc.
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