Global DEGEE Market, Global DEGEE Industry, Covid-19 Impact Global DEGEE Market - Ken Research

DEGEE or Diethylene glycol monomethyl ether is a specific product, which is derived from the ethylene oxide and methanol. Commercially, it is identified as methyl carbitol. DEGEE is an excellent solvent for use in resins and pastes. It is a non-volatile solvent and is therefore only used in special varnishes. DEGEE is generally used in personal care and pharmaceutical products. It is used as a solvent in topical, oral and transdermal pharmaceuticals for humans and animals. DEGEE is also widely used as a solvent in huge range of cleaning fluids, coatings, paints, and inks. The application of DEGEE has increased as a flow & gloss promoter in paint industries. It provides greater versatility, biodegradability and cost efficiency, which further boosting the market growth. Additionally, rising awareness regarding the use of environment-friendly products coupled with significant investments in the development of safe & effective pharmaceutical and personal care products, has increased the demand for diethylene glycol monoethyl ether worldwide.

Diethylene glycol monoethyl ether is also used as antifreeze in aviation fuel, contributing to its development in the aerospace industry. Demand from the textile industry has increased due to its increasing use as a binder and solvent for printing and dyeing fabrics. Some other uses for diethylene glycol monoethyl ether include as an inactivator & stabilizer for pesticides, liquid detergents & cleaning compositions, and piercing & cutting coolants.

As per analysis, “Global DEGEE Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)” the key companies operating in the global DEGEE market include Eastman Chemical, FBC Chemical Corp, Tianyin, BASF SE, Solvay SA, Advance Petrochemicals, LyondellBasell, INEOS, Optimal and among others. Renowned players are expanding their presence in various regions and entering new markets in emerging regions to expand their customer base and strengthen their market presence.
Based on type, DEGEE market is segmented as MTG, MPG, MEG, MTeG, MDG and others. In addition, based on application, market is segmented as industrial cleaning agents, printing ink, coatings and others.

Growth in technological advancements, followed by increase in investment of the architecture & construction sectors, growth in consumer spending, increase in utilization in the production of water-based surface coatings as replacements for the solvent-based coatings, rise in demand for cosmeceutical products and increase in application in textile, chemical, and personal care sectors are some major factors, which are responsible for growth of the DEGEE market. Apart from this, presence of stringent regulations regarding ethylene oxide may impact the market.

Based on regional analysis, the Asia-Pacific is a leading region in global DEGEE market owing to increase in presence of international players and rapid industrializations across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in automotive penetration coupled with increase in modernization of vehicles over the forecast period. It is predicted that future of the global DEGEE market will be bright as a result of introduction of stringent regulations regarding the use of hazardous chemicals during the forecast period.

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