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.
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 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.
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.
“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
Persistence Market Research analyzes the global glycol ether market in a new publication titled “Glycol Ether Market: Global Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 along with a forecast for the period 2016–2024. The main objective of the report is to identify dynamics in the market and provide recent updates and insights affecting various segments of the global glycol ether market. To provide a better understanding of the market, the report also includes an analysis of key drivers, restraints and trends across the five assessed regions, which influence the current market scenario and future status of the global glycol ether market over the period of forecast.
Key Segments Covered
By Product Type
A detailed analysis has been provided for every segment in terms of market size and performance in the global glycol ether market.
The report commences with a market overview that explains the global glycol ether market and provides important market definitions. The section that follows, discusses market dynamics including market drivers, restraints, opportunities, trends and key regulations.
The next section of the report provides a detailed market share analysis, Y-o-Y growth analysis and the market attractiveness analysis on the basis of segments such as product types and applications of glycol ether. The report provides a comprehensive market outlook for 2016–2024 and sets the forecast within the context of the global glycol ether market including new technological developments as well as product offerings for various applications in the global glycol ether market.
In the final section of the report, a competitive landscape has been provided to present a dashboard view of some of the key players. Detailed profiles of some of the manufacturers of glycol ether have also been included within the scope of the report to evaluate their long-term and short term strategies, recent developments and offerings in the global glycol ether market.
For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and a consolidated forecast made for 2017–2024. To calculate the market size, the report considers product-wise weighted Average Selling Price (ASP) of glycol ether across the globe. It is noteworthy to consider that average selling price varies by product type, and is varied for Chinese, regional and global players. A top-down approach has been used to assess market numbers for each product category while a bottom-up approach has been used to counter validate the market estimations. Factors such as GDP, paints and coatings industry growth, cleaning industry growth, and commodity chemical prices have been considered.
In order to provide an accurate forecast, the report starts by sizing up the current market, which forms the basis of how the global glycol ether market is expected to develop in the future. Critical market data including the base number and segment splits has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global glycol ether market. The forecast presented in the report evaluates the actual use of glycol ether and expected consumption in the global glycol ether market during the assessment period.
The report further analyzes the different segments of the global glycol ether market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global glycol ether market. The report also analyzes the global glycol ether market based on absolute dollar opportunity, usually overlooked while estimating the market forecast. However, from a sales perspective, absolute dollar opportunity is essential to identify potential resources in the global glycol ether market. Persistence Market Research has also developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global glycol ether market. This market attractiveness index will help clients identify real market opportunities in the global glycol ether market.