Glycol Ethers Market

Global Market Study on Glycol Ether: MEA Region Projected to Grow at a Moderate CAGR over the Forecast Period

Absolute Incremental Opportunity in the global glycol ether market is estimated to record around 40% of the total market size by the end of the forecast period

Global sales of glycol ether was estimated to be valued at more than US$ 6,000 Mn by the end of 2016 and is expected to reach nearly US$ 10,200 Mn by the end of 2024, representing a CAGR of 6.6% over the forecast period. The global glycol ether market is expected to record an incremental opportunity of nearly US$ 4,200 Mn between 2016 and 2024.

In terms of volume, the global glycol ether market was estimated to be pegged at 3,140 kilo tons by 2016 end and is expected to increase at a CAGR of 5.4% over the forecast period to reach 4,783 kilo tons by the end of 2024.

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Companies

Company Profiles 

  • 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

Asia Pacific Glycol Ether Market Analysis and Forecast

China is expected to hold over 50% share of the total Asia Pacific glycol ether market over the forecast period

  • The China glycol ether market was expected to account for a market value share of 57% by the end of 2016 and is expected to gain 790 BPS by the end of the forecast period, to be valued at nearly US$ 2,700 Mn by the end of 2024
  • The India glycol ether market is expected to gain 210 BPS in market value share by the end of the forecast period. The market was estimated to be valued at more than US$ 110 Mn by the end of 2016 and is expected to reach over US$ 320 Mn by the end of the forecast period
  • The Japan glycol ether market is expected to register a CAGR of 3.2% in terms of value over the forecast period. It is expected to register a lower CAGR as compared to the other countries in the Asia Pacific region
  • The ASEAN glycol ether market is expected to lose 200 BPS in market value share by the end of the forecast period. The market was estimated to be valued at more than US$ 180 Mn by the end of 2016 and is expected to reach close to US$ 315 Mn by the end of the forecast period

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The Asia Pacific glycol ether market is estimated to witness robust growth, recording an incremental opportunity of over US$ 2 Bn during the forecast period

Sales revenue of glycol ether in Asia Pacific was valued at nearly US$ 2000 Mn in 2015 and is expected to register a CAGR of 9.9% over the forecast period to reach nearly US$ 4,200 Mn by the end of 2024. The region is expected to represent incremental $ opportunity of nearly US$ 2,200 Mn between 2016 and 2024.

A high absolute $ opportunity of nearly US$ 450 Mn is expected in 2024. The growth in this region is augmented by the growing demand for paints, coatings, adhesives, cleaners, printing inks, and electronics & semiconductors.

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China projected to be the major revenue contributor to the overall Asia Pacific glycol ether market

By country, China is expected to be a relatively attractive market in the Asia Pacific glycol ether market accounting for a value share of 57.0% in 2016. Growing demand for paints, coatings, adhesives, cleaners, printing inks and electronics & semiconductors is expected to fuel the demand for glycol ether in the region. China is projected to register relatively high growth in the Asia Pacific region and is expected to exhibit a CAGR of 11.7% over the forecast period.

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Analyst Viewpoint

“Growing paints & coatings, cleaners, printing inks, and electronics industry primarily drives the usage of glycol ether worldwide

In the next few years, the construction industry is expected to witness a very high growth rate, especially in emerging regions such as Asia Pacific, Middle East, Latin America, Africa, and Eastern Europe. Rapid developments in urban areas, renovations of aging structures, and multiple projects of smart cities are the main reasons for the growth of the construction industry. The swift growth of the construction industry is likely to bolster the growth of the paints and coatings industry, which in turn is expected to propel the expansion of the global glycol ether market. The global electronics industry is expected to grow at a relatively higher rate especially in Asia Pacific and Africa. Also, the demand for cleaners and printing inks is anticipated to grow at a relatively high rate. The significant increase in these sectors is predicted to boost the demand for glycol ether in the global market over the forecast period.” -- Analyst (Chemicals and Nanomaterials), Persistence Market Research

Key Segments Covered

By Product Type

  • E-Series Glycol Ether
  • P-Series Glycol Ether

 

By Application

  • Paints, Coatings & Adhesives
  • Cleaners
  • Automotive
  • Printing Inks
  • Pharma & Cosmetics
  • Chemical Intermediates
  • Electronics & Semiconductors

 

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

 

A detailed analysis has been provided for every segment in terms of market size and performance in the global glycol ether market.

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