Market Forecast By Regions (Europe, Middle East, Africa, Asia Pacific, North America And Latin America), By Product (E-Series, P-Series), By Application (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, Electronics, Others) And Competitive Landscape
Product Code: ETC093237 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
The global glycol ethers market is witnessing an increasing demand from the paints and coatings industry. The paints and coatings industry is one of the largest end-users of glycol ethers. With the growing construction and automotive industries, the demand for paints and coatings is also increasing, driving the demand for glycol ethers. Additionally, the market has also witnessed a shift towards eco-friendly glycol ethers. There is a growing trend towards eco-friendly glycol ethers, which are less harmful to human health and the environment. Manufacturers are investing in research and development to develop new, eco-friendly glycol ethers. Further, in recent years, there have been several mergers and acquisitions in the glycol ethers market. For example, a few years back, Dow Chemical Company completed its merger with DuPont, which has led to consolidation in the industry. These efforts will augment the market share of companies in the long run.
The global glycol ethers industry is experiencing growing demand from the Asia-Pacific region. The Asia-Pacific region is the largest market for glycol ethers, driven by the increasing demand from the paints and coatings industry and the growing construction and automotive industries in the region. Additionally, the glycol ethers market is characterized by price volatility due to fluctuations in raw material prices and changes in supply and demand dynamics. Moreover, glycol ethers are preferred over other solvents due to their low toxicity, high solvency power, and eco-friendliness. The rising awareness of these benefits is expected to drive the demand for glycol ethers. Further, with the increasing demand for glycol ethers, companies are investing in research and development to improve the quality and efficiency of these products. This focus on innovation is likely to further drive the growth of the market.
The outbreak of the COVID-19 pandemic has caused disruptions in the global supply chain, leading to shortages and price increases of raw materials used in the production of glycol ethers. This has resulted in increased production costs for manufacturers and ultimately higher prices for consumers. Whereas, on the positive side, the increased demand for sanitizing and cleaning products has driven the demand for glycol ethers as they are commonly used as solvents and co-solvents in cleaning and disinfecting products. This trend has been particularly evident during the early stages of the pandemic when there was a surge in demand for cleaning and disinfecting products.
Global Glycol Ethers Market is anticipated to gain growth in the coming years. North America, Europe and Asia Pacific are the main key players in this region. The glycol ethers market in this area is also rising due to the increasing use in cosmetics and personal care products. The restraining factor of this market in this region is the use of natural health care products in some areas of North America, Asia Pacific and Europe which does not boost the need for glycol ethers in the production of cosmetics and other personal care products. Especially Regions like Asia Pacific, Europe and North America. It decreased the supply of raw materials needed for this market as well as a reduction in the production of chemical products.
According to 6Wresearch, the Global Glycol Ethers Market is expected to gain growth during the forecast period 2021-2027. North America mainly contributes to a large amount of this growth. The consumers of this market are mostly from urban areas. Also, the improving life standard of these people drives this market. The increasing consciousness among people regarding personal appearance and wellness is leading to a boost in the market specifically. Besides that, parallelly there are many governments' upcoming projects in Regions like North America. For example, the smart city plans in many areas and the urbanization of many places have created a need for paint and coating industries. Asia Pacific, the world’s largest automotive producer, has plans to increase the production of electric vehicles (EVs) which also needs Glycol ethers for painting and coating purposes. The pharmaceutical industry in North America and Regions are witnessing huge investments from foreign Regions, in order to exploit the market opportunities, which may increase the demand for glycol ethers in the region, during the forecast period.
Among these sunscreen and cosmetics are holding a bigger share and contributing more to this market’s growth. The market based on the product is segmented into E-series and P-series. Both series are in demand in the Asia-Pacific region. In the downstream industry, paints and coating account for almost half of the global demand. The supply market is led by the Global, accounting for nearly 40% of the global glycol ethers supply. The key players in the Asia-Pacific Glycol Ethers market are Sadara Chemical Company, Dow Chemical Company, Shell Chemical LP, and LyondellBasell Industries N.V.
The Global Glycol ethers market report thoroughly covers the market by product type, distribution channels, and Regions including North America, Latin America, Africa, Asia Pacific, Middle East and Europe. The Global Glycol ethers market outlook report provides an unbiased and detailed analysis of the ongoing Global Glycol ethers 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 market report covers the following market segments:
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. Global Glycol Ethers Market Overview |
3.1. Global Glycol Ethers Market Revenues, 2020 & 2027F |
3.2. Global Glycol Ethers Market - Industry Life Cycle |
3.3. Global Glycol Ethers Market - Porter's Five Forces |
3.4. Global Glycol Ethers Market Revenue Share, By Application, 2020 & 2027F |
3.5. Global Glycol Ethers Market Revenue Share, By Nature, 2020 & 2027F |
3.6. Global Glycol Ethers Market Revenue Share, By Product, 2020 & 2027F |
3.7. Global Glycol Ethers Market Revenue Share, By Regions, 2020 & 2027F |
4. Global Glycol Ethers Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Glycol Ethers Market Trends |
6. Global Glycol Ethers Market, By Application |
6.1. Global Glycol Ethers Market, By Application |
6.1.1. Overview and Analysis |
6.1.2. Global Glycol Ethers Market Revenues, By Paints & Coatings, 2017 - 2027F |
6.1.3. Global Glycol Ethers Market Revenues, By Printing, 2017 - 2027F |
6.1.4. Global Glycol Ethers Market Revenues, By Pharmaceuticals, 2017 - 2027F |
6.1.5. Global Glycol Ethers Market Revenues, By Cosmetics & Personal Care, 2017 - 2027F |
6.1.6. Global Glycol Ethers Market Revenues, By Electronics, 2017 - 2027F |
6.1.7. Global Glycol Ethers Market Revenues, By Others, 2017 - 2027F |
7. Global Glycol Ethers Market, By Product |
7.1. Global Glycol Ethers Market, By Product |
7.1.1. Overview and Analysis |
7.1.2. Global Glycol Ethers Market Revenues, By Food Services, 2017 - 2027F |
7.1.3. Global Glycol Ethers Market Revenues, By Retail Channel, 2017 - 2027F |
8. Latin America Glycol Ethers Market |
8.1. Latin America Glycol Ethers Market, By Application |
8.2. Latin America Glycol Ethers Market, By Product |
8.3. Latin America Glycol Ethers Market, By Countries |
9. North America Glycol Ethers Market |
9.1. North America Glycol Ethers Market, By Application |
9.2. North America Glycol Ethers Market, By Product |
9.3. North America Glycol Ethers Market, By Countries |
10. Middle East Glycol Ethers Market |
10.1. Middle East Glycol Ethers Market, By Application |
10.2. Middle East Glycol Ethers Market, By Product |
10.3. Middle East Glycol Ethers Market, By Countries |
11. Europe Glycol Ethers Market |
11.1. Europe Glycol Ethers Market, By Application |
11.2. Europe Glycol Ethers Market, By Product |
11.3. Europe Glycol Ethers Market, By Countries |
12. Africa Glycol Ethers Market |
12.1. Africa Glycol Ethers Market, By Application |
12.2. Africa Glycol Ethers Market, By Product |
12.3. Africa Glycol Ethers Market, By Countries |
13. Asia Pacific Glycol Ethers Market |
13.1. Asia Pacific Glycol Ethers Market, By Application |
13.2. Asia Pacific Glycol Ethers Market, By Product |
13.3. Asia Pacific Glycol Ethers Market, By Countries |
14. Global Glycol Ethers Market Key PerNatureance Indicators |
15. Global Glycol Ethers Market - Opportunity Assessment |
15.1. Global Glycol Ethers Market Opportunity Assessment, By Application, 2020 & 2027F |
15.2. Global Glycol Ethers Market Opportunity Assessment, By Nature, 2020 & 2027F |
16. Global Glycol Ethers Market - Competitive Landscape |
16.1. Global Glycol Ethers Market Revenue Share, By Companies, 2020 |
16.2. Global Glycol Ethers Market Competitive Benchmarking, By Operating and Technical Parameters |
17. Company Profiles |
18. Recommendations |
19. Disclaimer |