Press release
Glycol Ethers: Critical Driver Shaping the Personal Care And Cosmetic Industry Growth Fuels Glycol Ether Market Expansion Market in 2025
Glycol Ethers Market
Glycol Ethers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been robust growth in the glycol ethers market size in past years. The market which is projected to expand from $7.89 billion in 2024 to $8.55 billion in 2025, will register a compound annual growth rate (CAGR) of 8.3%. The historical period's growth can be credited to industries such as paints and coatings, printing, cleaning and household products, industrial manufacturing, and advancements in the chemical industry.
Glycol Ethers Market Size Forecast: What's the Projected Valuation by 2029?
The market size for glycol ethers is anticipated to experience substantial expansion in the coming years. The market is projected to escalate to $12.32 billion in 2029, with a compound annual growth rate (CAGR) of 9.6%. The expansion in the predicted period can be accredited to elements like green cleaning products, electronics and semiconductor manufacturing, healthcare and pharmaceuticals, renewable feedstock, and research and development. Key trends within this period are forecasted to be low-voc paints and coatings, digital printing technologies, exploration of renewable feedstock, safety and health regulations, and aerospace coatings.
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What Are the Drivers Transforming the Glycol Ethers Market?
The glycol ether market is poised for expansion propelled by the rapid growth of the personal care and cosmetic industry. This industry concerns the production of diverse beauty and cosmetic items. Predominantly utilized in a range of personal and cosmetic goods like hair care items, cleanliness products, skincare items, bath products among others, glycol ethers play a significant role. For instance, data from Exploding Topics, an internet publishing site based in the US, indicate that revenue in the beauty industry is projected to surpass $120 billion by 2025. Hence, the escalating growth of the personal care and cosmetic sectors is the driving force behind the expanding glycol ether market.
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What Long-Term Trends Will Define the Future of the Glycol Ethers Market?
The establishment of strategic collaborations is a rising trend that's becoming prominent in the glycol ether market. Large corporations in this industry are focusing on forging strategic partnerships to bolster their standing in the market. For instance, Saudi Arabian Oil Company (Aramco), via its Saudi Aramco Asia Company Limited (SAAC) subsidiary - a Saudi Arabia-based petroleum and natural gas firm - formed an alliance with China Petroleum and Chemical Corporation in March 2022. This partnership not only emboldens the existing bond with Sinopec but also strengthens its footprint in the Asian region. China Petroleum and Chemical Corporation is a firm rooted in Chinese energy and chemical industry.
Which Segments in the Glycol Ethers Market Offer the Most Profit Potential?
The glycol ethers market covered in this report is segmented -
1) By Type: E-Series, P-Series
2) By Application: Solvent, Anti-icing, Hydraulic and Brake Fluid, Chemical Intermediates
3) By End User: Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives, Other End-Users
Subsegments:
1) By E-Series: Ethylene Glycol Ether Acetates, Ethylene Glycol Ethers
2) By P-Series: Propylene Glycol Ether Acetates, Propylene Glycol Ethers
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Which Firms Dominate the Glycol Ethers Market by Market Share and Revenue in 2025?
Major companies operating in the glycol ethers market include Dow Chemical Company, HanNong Chemicals Inc., BASF SE, INEOS Group Ltd., India Glycols Limited, Solvay SA, Shell plc, Jiangsu Yida Chemical Co. Ltd., China Petroleum & Chemical Corporation, Huntsman International LLC, Nippon Nyukazai Co. Ltd., Oxiteno LLC, KH Neochem Co. Ltd., Sasol Limited, Eastman Chemical Company, LyondellBasell Industries, Saudi Basic Industries Corporation, CCP Industries, Celanese Corporation, Reliance Industries Limited, Emerald Performance Materials LLC, FBC Chemical Corp, Guangdong Runhua Chemicals Co. Ltd., IGL Coatings, NOF Corporation, PetroChina Company Limited, PCC Rokita SA, UBE Industries Ltd., Wujiang Dongang Chemical Co. Ltd.
Which Regions Offer the Highest Growth Potential in the Glycol Ethers Market?
North America was the largest region in the glycol ether market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glycol ethers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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