Press release
Glycol Ethers Global Market Report 2024 - By Size, Share, Trends, Growth, Forecast By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Glycol Ethers industry. This report on Glycol Ethers market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The glycol ethers market size has grown strongly in recent years. It will grow from $7.31 billion in 2023 to $7.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to paints and coatings industry, printing industry, cleaning and household products, industrial manufacturing, chemical industry advancements. The glycol ethers market size is expected to see strong growth in the next few years. It will grow to $11.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Key Market Players:
Dow Chemical Company, HanNong Chemicals Inc., BASF SE, INEOS Group Ltd., India Glycols Limited.
Market Drivers:
According to the Glycol Ethers Market Report 2024 by The Business Research Company, the rising automobile industry is expected to propel the growth of glycol ether market going forward. Glycol Ether is widely used in various automotive applications, including paints, coatings, cleaning products, brake fluids, and adhesives. Additionally, the automotive sector's commitment to environmental standards and regulations further propels the use of glycol ethers due to their environmentally friendly characteristics, making them a preferred choice in the industry.
More information about the Global Glycol Ethers Market Report -
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Market segments for Glycol Ethers include:
• By Type: E-Series, P-Series
• By Application: Solvent, Anti-icing, Hydraulic and Brake Fluid, Chemical Intermediates
• By End User: Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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