Press release
Glycol Ethers Industry to Achieve $11.98 Billion Growth by 2029
Glycol Ethers
How Will the Glycol Ethers Market Grow by 2025 in Terms of Size and Growth?
In the past few years, the glycol ethers market has experienced significant growth. The market value is projected to increase from $7.89 billion in 2024 to $8.42 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The substantial growth during the historic period is due to various factors such as the paints and coatings industry, the printing industry, cleaning and household products, industrial manufacturing, and advancements in the chemical industry.
What Are the Estimated Growth Rates for the Glycol Ethers Industry Through 2029?
It is projected that the market size of glycol ethers will experience robust expansion in the upcoming years, escalating to a worth of $11.98 billion by 2029 with a compound annual growth rate of 9.2%. The anticipated growth over the forecast period can be ascribed to sectors such as green cleaning products, electronics and semiconductors production, healthcare and pharmaceuticals, renewable feedstock, and research and development. Trends contributing heavily during the forecast period will likely include low-voc paints and coatings, digital printing technologies, exploration of renewable feedstock, health and safety regulations, and aerospace coatings.
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What Are the Strategic Drivers Boosting Glycol Ethers Market Performance?
The escalation in the personal care and cosmetic industry's expansion is projected to catapult the progress of the glycol ether market. The industry encompasses the production of goods associated with beauty and cosmetics. Glycol ethers are predominantly utilized in a variety of personal and cosmetic products, including hair care, cleanliness, skincare, bath products, among others. For example, Exploding Topics, a digital publishing site based in the US, estimates the beauty industry's revenue will surpass $120 billion by 2025. Consequently, the booming growth of the personal care and cosmetic industries propels the glycol ether market.
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What Are the Segments in the Glycol Ethers Market?
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
What Are the Key Adoption Trends in the Glycol Ethers Market?
The trend of strategic alliances is increasingly becoming significant in the glycol ether market. Key players in the glycol ethers industry are pursuing these partnerships to solidify their market standing. For example, Saudi Arabian Oil Company (Aramco), via its subsidiary Saudi Aramco Asia Company Limited (SAAC), a petroleum and natural gas company from Saudi Arabia, partnered with China Petroleum and Chemical Corporation in March 2022. This partnership bolsters their longstanding ties with Sinopec and improves their standing in the Asian region. China Petroleum and Chemical Corporation is an energy and chemical corporation based in China.
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Which Companies Lead the Competitive Landscape of the Glycol Ethers Industry?
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.
Where Are the Key Glycol Ethers Market Opportunities by Region?
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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