The global propylene glycol ethers market is forecast to reach USD 6,665.1 Million by 2028, according to a new report by Reports and Data. The Propylene Glycol Ethers is a colorless, volatile, water soluble industrial and commercial chemical and p-series glycol ether, produced from the formulation of propylene oxide and alcohol. Paints, inks, synthetic resin, varnishes, and rubber adhesives are some of its chemical applications. The continuous expansion of the paint & coatings, varnishes, dyes, inks, toners, anti-freezers and coolants are expected to drive the demand throughout the forecast period. Direct & Intermediate solvent, chemical reagent, coalescing agent, and other processing aids are some of its widely used end-usages. Growing demand for consumer electronic products are harnessing the growth of this market substantially.
Leading Players-The Dow Chemical Company, Royal Dutch Shell PLC, Eastman Chemical Company, BASF SE, Manali Petrochemicals Limited, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical.
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Further key findings from the report suggest
- Propylene glycol ether is used as a direct solvent and are widely used in the chemical formulations of various compound. Industrial cleaner, toner and coating solvents of electronics appliances, and anti-freezing agents in the engine are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 6.3% during the period 2019 – 2027.
- Chemical intermediate segment is measured to gain a market revenue of USD 186.9 Billion by 2027 and the CAGR is forecasted to be 5.5% in the forecast period. Propylene glycol ethers is utilized as the chemical intermediate in the processing of Propylene glycol monomethyl ether (PM), Dipropylene glycol monomethyl ether (DPM), Tripropylene glycol monomethyl ether (TPM), and others.
- Growing penetration of the online retailing businesses for the chemicals and materials especially in the emerging nations in Asia Pacific, are helping the market grow broadening the outreach in the areas where the offline vendors are unavailable. Also non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 5.0% in the forecast period. Germany has the highest number of valuable players in this region, while Western Europe has the highest market in Europe.
- North America is forecasted to witness a significant growth in the overall market, with 25.7% of market possession by 2027 and a CAGR of 6.1% during the forecast period.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Propylene Glycol Ethers market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Propylene Glycol Ethers market.
End-Use Outlook (Revenue: USD Billion; Unit: Kilo Tons 2018-2028)
- Direct Solvent
- Chemical Intermediate
- Coalescing Agent
- Pesticides
- Chemical Reagents
- Others
Sales Channel Outlook (Revenue: USD Billion; Unit: Kilo Tons 2018-2028)
- Online Retailing
- Offline Retailing
Applications Outlook (Revenue: USD Billion; Unit: Kilo Tons 2018-2028)
- Industrial Use
- Paints and Coatings
- Electronics Industry
- Automotive Use
- Others
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Propylene Glycol Ethers market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Propylene Glycol Ethers market over the forecast years?
- Which are the leading players in the global Propylene Glycol Ethers market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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