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Dipropylene Glycol Methyl Ether Acetate Market Segmented By Solvent and Coalescing Agent function with application such as Inks, Paints and Coatings, Cleaners
Dipropylene glycol methyl ether acetate is a clear, colorless to a yellow liquid organic chemical compound with moderate evaporation rate and sweet odor. It is a propylene oxide-based P-series glycol ether acetate. Dipropylene glycol methyl ether acetate is used in an industrial solvent and coalescing agent.
As a solvent, dipropylene glycol methyl ether acetate is dissolved in the resins to various typed of surface coatings such as paints, inks, lacquers, among others. Moreover, the common uses of dipropylene glycol methyl ether acetate as household and industrial cleaners, Inks, automotive and industrial coatings, among others.
The dipropylene glycol methyl ether acetate consumption is primarily attributing by the growing p-series glycol consumption across the globe. Several factors such as low toxic and safe for health as compared to other propylene glycol ether remains to contribute in the market growth of dipropylene glycol methyl ether acetate across the globe.
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From the regional perspective, Europe is estimated to account for dominating share in the global dipropylene glycol methyl ether acetate market in the coming years, owing to the growing demand for glycol ether together with coatings application across various end-use industries.
The Asia Pacific followed by North America is projected to hold second-highest share in the global dipropylene glycol methyl ether acetate market during the forecast period. In the Asia Pacific, growing industrialization and residential sector development surge demand for paints, coatings, and cleaners, such aspects are also attributing towards market growth in the upcoming years.
Moreover, the Middle East &Africa and Latin America is projected to relatively moderate share as compared to the growth rate. Those regions expected to witness significant growth in the global dipropylene glycol methyl ether acetate market during the forecast period. Owing to growing automotive production and consumption across the regions are act as a prime factor for market growth.
Some of the key market participants involved in the dipropylene glycol methyl ether acetate market are as follows:
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