Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product (E-Series, P-Series), By Application (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, Electronics, Others) And Competitive Landscape
Product Code: ETC076374 | Publication Date: Aug 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Glycol Ether Market |
CAGR | 5.8% |
Market Size | USD 7.5 Billion by 2031 |
Growing Sector | Paints & Coatings |
Forecast Period | 2025-2031 |
Asia Pacific Glycol Ethers Market report thoroughly covers the by application, by product and by Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific Glycol Ethers Market has been experiencing significant growth over the past few years. The Market is projected to expand at a CAGR of 5.8% from 2025 to 2031. Additionally, by 2031, the market size is expected to reach around $7.5 billion.
The Asia Pacific glycol ethers market is experiencing steady growth, driven by increasing demand across various end-use industries such as paints and coatings, automotive, and electronics. Glycol ethers, known for their excellent solvent properties, are widely utilized in manufacturing processes due to their low volatility and biodegradability. The expanding construction and automotive sectors in countries like China, India, and Japan are key contributors to the market's growth. Furthermore, the rising adoption of eco-friendly and water-based solvents in industrial applications is expected to boost market demand. However, regulatory concerns regarding environmental impact and fluctuating raw material prices may pose challenges to the market's development.
According to 6Wresearch, the Asia Pacific Glycol Ethers Market revenue is expected to reach at a significant CAGR of 5.9% during the forecast period 2025-2031. The Asia Pacific glycol ethers market is driven by rapid industrialization and the increasing demand for high-performance solvents in industries such as paints and coatings, pharmaceuticals, and electronics. The growing automotive sector, coupled with expanding construction activities, further fuels the demand for glycol ethers as key components in surface coatings and adhesives. Additionally, the rising focus on eco-friendly products and the use of glycol ethers in water-based formulations contribute to the market's growth.
The market faces certain challenges, including stringent environmental regulations surrounding the use of volatile organic compounds (VOCs). These restrictions may limit the use of certain glycol ethers in specific applications. Furthermore, fluctuating raw material prices and the availability of cost-effective alternatives could hinder market expansion. Despite these barriers, ongoing research and product innovation are likely to create new growth opportunities in the region.
The Asia Pacific glycol ethers market is dominated by several key players who have established a strong foothold due to their extensive product portfolios, technological advancements, and broad distribution networks. Companies such as BASF SE, Dow Chemical Company, and Eastman Chemical Company are recognized as leading manufacturers and suppliers, driving growth in the market through innovation and strategic collaborations. These players actively invest in research and development to enhance the quality and performance of their glycol ether offerings, catering to industries such as paints and coatings, pharmaceuticals, and cosmetics. Additionally, local and regional companies like LyondellBasell Industries and Royal Dutch Shell are also making a significant impact, leveraging their knowledge of the regional market dynamics and consumer demands.
The Asia Pacific glycol ethers market has seen significant regulatory developments aimed at ensuring safety, environmental protection, and sustainable industrial practices. Governments across the region have implemented stringent guidelines to reduce the environmental impact of glycol ethers, particularly focusing on emissions and waste management. Regulatory bodies, such as the Ministry of Environment in countries like China and India, have established standards to limit the use of glycol ethers with high toxicity or volatile organic compound (VOC) emissions. Additionally, the adoption of REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) standards in some countries has further pushed for the substitution of harmful glycol ethers with safer, eco-friendly alternatives.
The Asia Pacific glycol ethers market is expected to witness significant growth in the coming years, driven by rapid industrialization and urbanization within the region. Key factors contributing to this growth include the increasing demand for glycol ethers in paints, coatings, and cleaning products, particularly in economies such as China, India, and Southeast Asia. The rise of the construction and automotive industries is also playing a pivotal role, as these sectors require products with exceptional solvent properties and environmental benefits. Furthermore, advancements in eco-friendly and sustainable formulations are anticipated to foster innovation in the market, aligning with global regulatory trends for reduced volatile organic compound (VOC) emissions.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, China plays a pivotal role in the Asia Pacific Glycol Ethers Market, being one of the largest producers and consumers of these chemicals in the region. The country's booming industrial sector, coupled with rapid urbanization, drives the demand for glycol ethers across various applications, including paints, coatings, and cleaning products. Additionally, the expanding automotive and construction industries further bolster the market's growth, as glycol ethers are essential components in manufacturing solvents and various industrial formulations. With its robust manufacturing capacity and strong infrastructure, China continues to shape the trajectory of the glycol ethers market in the Asia Pacific region.
The e-series glycol ethers, such as ethylene glycol monomethyl ether and ethylene glycol monomethyl ether, hold a significant share in the Asia Pacific Glycol Ethers Market. These chemicals are widely utilized in industrial and commercial applications, owing to their excellent solvent properties and compatibility with water and various organic compounds. The demand for e-series glycol ethers is particularly strong in the paints and coatings industry, where they serve as key ingredients in the formulation of high-performance products. Additionally, their use in the production of cleaning agents, inks, and adhesives contributes to the sustained growth of this segment.
The paints and coatings industry is a dominant driver of the glycol ethers market in the Asia Pacific region. Rapid urbanization and infrastructure development across countries such as China, India, and Southeast Asian nations have led to increased demand for high-quality paints and coatings. Glycol ethers, particularly e-series glycol ethers, play a crucial role in this sector due to their superior solvent properties, which ensure smooth application and enhanced durability of the final product. They are widely used in both water-based and solvent-based formulations, which are essential for achieving the desired consistency, adhesion, and finish in paint products. Furthermore, the growing emphasis on environmental sustainability and low-VOC (volatile organic compound) products has spurred the development and adoption of eco-friendly formulations that heavily rely on glycol ethers.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Glycol Ethers Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Glycol Ethers Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Glycol Ethers Market - Industry Life Cycle |
3.4 Asia Pacific Glycol Ethers Market - Porter's Five Forces |
3.5 Asia Pacific Glycol Ethers Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Glycol Ethers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Asia Pacific Glycol Ethers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Asia Pacific Glycol Ethers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Glycol Ethers Market Trends |
6 Asia Pacific Glycol Ethers Market, 2021 - 2031 |
6.1 Asia Pacific Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
6.2 Asia Pacific Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
7 China Glycol Ethers Market, 2021 - 2031 |
7.1 China Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2 China Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
8 India Glycol Ethers Market, 2021 - 2031 |
8.1 India Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
8.2 India Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Japan Glycol Ethers Market, 2021 - 2031 |
9.1 Japan Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
9.2 Japan Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Australia Glycol Ethers Market, 2021 - 2031 |
10.1 Australia Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
10.2 Australia Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Indonesia Glycol Ethers Market, 2021 - 2031 |
11.1 Indonesia Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
11.2 Indonesia Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Philippines Glycol Ethers Market, 2021 - 2031 |
12.1 Philippines Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
12.2 Philippines Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Malaysia Glycol Ethers Market, 2021 - 2031 |
13.1 Malaysia Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
13.2 Malaysia Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Rest of Asia Glycol Ethers Market, 2021 - 2031 |
14.1 Rest of Asia Glycol Ethers Market, Revenues & Volume, By Product, 2021 - 2031 |
14.2 Rest of Asia Glycol Ethers Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Asia Pacific Glycol Ethers Market Key Performance Indicators |
12 Asia Pacific Glycol Ethers Market - Opportunity Assessment |
12.1 Asia Pacific Glycol Ethers Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Asia Pacific Glycol Ethers Market Opportunity Assessment, By Product, 2021 & 2031F |
12.3 Asia Pacific Glycol Ethers Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Asia Pacific Glycol Ethers Market - Competitive Landscape |
13.1 Asia Pacific Glycol Ethers Market Revenue Share, By Companies, 2024 |
13.2 Asia Pacific Glycol Ethers Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |