Press release
Glycol Ethers Market is projected to expand at a steady CAGR over the forecast by 2031 | BASF SE, The Dow Chemical Company, Eastman Chemicals Company, FBC Chemical, Hannong Chemicals.
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Glycol ethers are organic compounds that contain both an ether group and a glycol group. The general structure of a glycol ether is R-O-R', where R and R' are alkyl groups. Glycol ethers are used as solvents and as surfactants. They are also used in hydraulic fluids, lubricants, and inks.
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Key Trends
The key trends in glycol ethers technology are the development of more environmentally friendly products and the move towards more renewable feedstocks. Glycol ethers are a class of solvents that are used in a variety of industries, including paints and coatings, cleaners, and adhesives.
They are typically made from petrochemical feedstocks, but there is a growing trend towards using renewable feedstocks such as biomass.
This is driven by the need to reduce environmental impact and the desire to move away from fossil fuels. Biomass-derived glycol ethers are typically more expensive than those made from petrochemicals, but the price is expected to come down as the technology develops.
Key Drivers
The key drivers of the glycol ethers market include the growing demand for paints and coatings, solvents, and cleaners. The paints and coatings industry is the largest end-user of glycol ethers. The solvents industry is the second-largest end-user of glycol ethers. The cleaners industry is the third-largest end-user of glycol ethers.
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Market Segments
The Glycol Ethers Market is segmented by type, application, end use, and region. On the basis of type, the market is bifurcated into E-series and P-series. By application, it is categorized into solvent, anti-icing, hydraulic & brake fluid, and chemical intermediate. Depending on end use, the global glycol ethers market is segregated into paints & coatings, printing, pharmaceuticals, cosmetics & personal care, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Glycol Ethers Market includes players such as BASF SE, The Dow Chemical Company, Eastman Chemicals Company, FBC Chemical, Hannong Chemicals, Henan GP Chemical, Huntsman Corporation, INEOS, India Glycols Limited, and Jangsu Yida Chemical.
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