Glycol Ethers Market Sale 2022
Glycol Ether Revenue Sales to Reach US$ 10.09 Bn by 2024 End, P-series Ethers Will Gain Significant Traction in Glycol Ether Market. Volume-wise, the market will witness a moderate CAGR of 5.4% over the eight-year period. Asia Pacific and Europe will remain the key markets.
Glycol Ethers Market Sale Market introduces the building blocks of the report with the influence of market dynamics and functioning and a need to understand customer behavior. The increase and decrease in the product/service budget also play an important role in predicting the future growth of Glycol Ethers Market Sale Market. Besides, the high deployment cost of product/service, and other restraints are also pointed out in the report. Glycol Ethers Market Sale Market report also studies the value, volume trends and pricing history of the market so that the pattern and layout are also evaluated for the advanced study of the market over the forecast period.
By the end of 2024, the global market for glycol ether is expected to reach US$ 10.09 Bn. Overall growth outlook remains positive; the report elaborates on various influential factors associated with historic, current, and futuristic market status.
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Glycol Ether Market Key Companies-
- The Dow Chemical Company
- BASF Se
- LyondellBasell Industries Holdings N.V.
- Royal Dutch Shell plc
- Eastman Chemical Company
- Sasol Limited
- HANNONG CHEMICALS INC.
- Dynamic International Enterprises Limited
- Jiangsu Ruijia Chemistry Co., Ltd.
- Others
Key Driver Insights
Growing consumption by various end-use industries will remain the primary factors driving the sales of glycol ether. Rising introduction of new variant products with the help of a wide variety of eco-friendly and renewable technologies will be another key driver to market growth. Development of innovative, cost-effective products is anticipated to further boost the market for glycol ether.
PCE is widely used in degreasing and dry cleaning but is not eco-friendly and is hazardous to human health. Some forms of glycol ether on the market are identified to be the relatively decent alternatives to PCE, eventually fueling their demand in the market over the next few years.
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Key Trend & Opportunity Insights
Several governments are increasingly promoting the use of P-series glycol ethers over the use of E-series glycol ethers. This trend is likely to present new opportunities for leading players. In addition to paints, coatings & adhesives, cleaners, printing inks, and cosmetic sectors are also registering significant consumption of glycol ethers.
Flourishing cleaners, printing inks and electronics & semiconductor sectors will also continue to bring in new growth opportunities. Moreover, as manufacturing and healthcare industries continue to thrive at pace, the demand for cleaning chemicals will also remain on the rise through 2024. Manufacturers are likely to capitalize over such end-use opportunities in near future.
Key Segment Insights
By product type, E-series glycol ether segment will witness a decline by 470 BPS over 2016-2024. P-series glycol ether segment will however exhibit significant growth, accounting for a whopping 71.6% revenue share in 2024.
Based on application, paints, coatings & adhesives segment will remain dominant throughout the forecast period, capturing a value share of over 53% by 2024 end. With a gain of over 100 BPS, cleaners will represent the second largest segment, reaching beyond US$ 1.8 Bn in 2024. Other application segments are likely to witness a drop in terms of BPS.
Regional Insights
By region, APAC will retain the leading regional market position and expand at the fastest CAGR of 9.9% over the forecast period. Accounting for over 40% share of the market value in 2024, this segment will experience a massive boost in BPS. This growth is attributed to substantial consumption by paints and printing ink sectors within this region, especially by water-based flexo inks manufacturing companies. Europe, despite a slight decline over the assessment period, will remain the second largest market for glycol ether.
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Glycol Ethers Market Sale Market – Report Highlights
- A detailed overview of parent market of Glycol Ethers Market Sale Market
- Changing Glycol Ethers Market Sale Market dynamics in the industry
- In-depth segmentation of Glycol Ethers Market Sale Market
- Historical, current, and projected Glycol Ethers Market Sale Market size regarding volume and value
- Recent industry trends and developments in Glycol Ethers Market Sale Market
- Competitive landscape of Glycol Ethers Market Sale Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Glycol Ethers Market Sale Market performance
- Must-have information for Glycol Ethers Market Sale Market players to sustain and enhance their market footprint.
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