Glycol Ethers Market Likely to Experience a Tremendous Growth by 2030

Allied Market Research published a report, titled, "Glycol Ethers Market by Type (E-series and P-series), Application (Solvent, Anti-icing, Hydraulic and Brake Fluid, and Chemical Intermediates), End Use (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global glycol ethers industry was estimated at $6.5 billion in 2020, and is anticipated to hit $11.5 billion by 2030, registering a CAGR of 5.9% from 2021 to 2030.

Key Drivers, Restraints, and Opportunities:

The growth of the global glycol ethers market is driven by increased application in paints & coatings and the expansion of pharmaceutical, cosmetic, and personal care sectors. However, fluctuations in raw material prices and potential health concerns associated with glycol ethers may impede market growth. Nonetheless, investments in facility expansion and innovation in renewable raw materials are expected to create lucrative opportunities in the industry.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/A10775

Drivers, restraints, and opportunities-

Increase in application of glycol ethers in paints & coatings and expansion of the pharmaceutical, cosmetic and personal care sectors drive the growth of the global glycol ethers market. On the other hand, fluctuations in prices of raw materials and negative effect of glycol ethers on health impede the growth to some extent. However, rise in investment for expansion of facilities and innovation toward application of renewable raw materials are expected to create lucrative opportunities in the industry.

Key Market Trends:

The growing demand for glycol ethers in the paints & coatings industry is a significant driver for market growth. With increasing urbanization and construction activities worldwide, the demand for paints and coatings has surged, leading to higher consumption of glycol ethers. Additionally, glycol ethers are widely used in the production of personal care products, including cosmetics and sunscreens. Rising disposable income and consumer buying power have further boosted the demand for personal care products globally.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/A10775

The paints and coating segment to maintain the dominant share-

Based on end-use, the paints and coating segment contributed to around two-fifths of the global glycol ethers market revenue in 2020, and is projected to lead the trail throughout the forecast period. This is due to rise in application of corrosion inhibitor coatings in metal products used in the automotive, aerospace, and military sectors. However, the pharmaceuticals segment is projected to grow at the fastest CAGR of 6.7% from 2021 to 2030.

Asia-Pacific, followed by Europe and North America, garnered the highest share in 2020-

Based on region, the market across Asia-Pacific, followed by Europe and North America, contributed to the highest share in 2020, accounting for nearly two-fifths of the global glycol ethers market. The same region is also expected to showcase the fastest CAGR of 6.7% during the forecast period. This is because rapid modernization and increase in per capita income have led to huge improvement in lifestyle, which, in turn, increases the demand for glycol ethers in the province.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/glycol-ethers-market/purchase-options

Key Players in the Industry:

Key players in the glycol ethers market include Dow Chemical Company, Chemical Company, Hannong Chemicals, BASF SE, Huntsman Corporation, INEOS, India Glycols Limited, Solvay SA, FBC Chemical, Royal Dutch Shell, Jangsu Yida Chemical, Kemipex, KN Neochem, Henan GP Chemical, Lyondellbasell, Nippon Nyukazai, Oxiteno, Recochem, SABIC, Sasol, and Sadar.

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