#Glycol Ether Market
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Glycol Ether Market is Expected to Grow at CAGR of 5.4% during the forecast period until 2032
The glycol ether market has experienced notable growth and transformation in recent years, propelled by various factors shaping the global landscape. Glycol ethers, a group of solvents derived from ethylene oxide and propylene oxide, find widespread applications across diverse industries, including paints and coatings, cleaning products, pharmaceuticals, cosmetics, and chemical processing. Their versatility, solvency power, low volatility, and compatibility with other chemicals have made glycol ethers indispensable in numerous manufacturing processes and end-use applications.
One of the primary drivers of the glycol ether market is the expanding demand from the paints and coatings industry. Glycol ethers serve as key components in paint formulations, acting as solvents, coalescing agents, and viscosity modifiers. With the construction sector witnessing steady growth, driven by urbanization, infrastructure development, and renovation activities, the demand for architectural coatings, industrial coatings, and decorative paints has surged, consequently fueling the demand for glycol ethers.
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Moreover, the cleaning products industry represents another significant market for glycol ethers, particularly in the formulation of household and industrial cleaners, degreasers, and disinfectants. Glycol ethers exhibit excellent cleaning properties, making them effective in removing grease, dirt, and stains from various surfaces. As consumers prioritize hygiene, cleanliness, and environmental sustainability, the demand for eco-friendly cleaning solutions containing glycol ethers is on the rise.
Furthermore, the pharmaceutical and cosmetics sectors present lucrative opportunities for the glycol ether market. Glycol ethers serve as solvents, carriers, and viscosity modifiers in the formulation of pharmaceuticals, cosmetics, personal care products, and skincare preparations. Their ability to enhance the solubility of active ingredients, stabilize formulations, and improve product texture and appearance has led to their widespread use in the pharmaceutical and cosmetics industries.
Additionally, the chemical processing industry relies heavily on glycol ethers for various applications, including extraction, separation, purification, and reaction solvent. Glycol ethers play a vital role in the production of specialty chemicals, intermediates, polymers, and resins, contributing to the manufacturing of a wide range of products used in diverse industrial sectors.
Despite the promising outlook, the glycol ether market faces challenges and constraints, including regulatory scrutiny, health and safety concerns, and volatility in raw material prices. However, industry stakeholders are actively addressing these challenges through initiatives focused on product innovation, sustainability, and regulatory compliance. Moreover, technological advancements, process optimization, and strategic partnerships are driving efficiency improvements and cost reductions across the glycol ether value chain.
In conclusion, the glycol ether market is poised for continued growth and innovation, driven by its essential role in various industries and its versatile applications across diverse sectors. By leveraging its unique properties, performance advantages, and compatibility with evolving market trends, the glycol ether market can navigate towards a more sustainable and prosperous future, ensuring its relevance and competitiveness in the global marketplace.
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#Glycol Ether#Glycol Ether Market#Glycol Ether Market Size#Glycol Ether Market Trends#Glycol Ether Market Share
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Refrigerant Oil Market - Forecast (2023 - 2028)
#refrigerant oil market#refrigerant oil market size#refrigerant oil market share#refrigerant oil market report#refrigerant oil market analysis#refrigerant oil market research#refrigerant oil market forecast#Polyolester oil#Polyalkylene glycol#Polyvinyl Ether Oil
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Statistical analysis of the global Glycol Ethers Market by share, size, growth, opportunity, and forecast to 2022-2028
The increased use of glycol ethers in cosmetics and personal care products as well as the rising need for paints and coatings are likely to drive up global demand for glycol ethers over the course of the forecasted period.
The market for glycol ethers is expanding primarily due to rising demand in the paints and coatings industry as well as rising usage of cosmetics and personal care products. The increasing use of glycol ethers in the paint and coatings industry is one of the key factors propelling the Glycol Ethers Market growth. On the other hand, REACH and EPA regulations pertaining to the use of glycol ethers and the introduction of new products, such as cellulosic ethanol, as a solvent for cleaning agents, are restricting glycol ether sales.
Read More @ https://cmiinfonest.blogspot.com/2022/09/global-glycol-ethers-market-trends.html
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E-series Glycol Ether Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2022 - 2027
The E-series Glycol Ether market size is estimated to reach US$2.3 billion by 2027 after growing at a CAGR of 4.2% during the forecast period 2022-2027. The e-series glycol ether is ethylene oxide-based, water-soluble, and a strong solvent. The glycol ether forms solvents that are based on alkyl ethers of ethylene glycol or propylene glycol. The e-series glycol ethers consist of ethylene glycol butyl ether acetate (EGBEA), ethylene glycol propyl ether (EGPE), ethylene glycol butyl ether (EGBE), ethylene glycol ethyl ether (EGEE), or ethyl cellosolve and others that have major demand for applications in cleaning, pharmaceuticals, automotive, cosmetics, and others. The e-series glycol ether offers superior properties such as solvent strength, low volatility, and strong water compatibility thereby having applicability across various end-use industries. Moreover, the rapid growth in the construction sector is propelling the demand for e-series glycol ethers for applicability in water-based paints, varnishes, and others, thereby acting as a driver for the market. The covid-19 outbreak created major disruptions in the market due to factors such as halted productions, logistics disruptions, demand and supply chain gaps, and other lockdown restrictions. However, with the robust demand and recovery in industries, the applications of e-series glycol ether are growing. This is anticipated to boost the growth in the e-series glycol ether market during the forecast period.
Report Coverage
The report: “E-series Glycol Ether Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the e-series glycol ether market.
By
Type
: Ethylene Glycol Propyl Ether (EGPE), Ethylene Glycol Ethyl Ether (EGEE), Ethylene Glycol Monomethyl Ether (EGME), Ethylene Glycol Butyl Ether (EGBE), Ethylene Glycol Butyl Ether Acetate (EGBEA), and Others
By Molecular Weight: Low and High
By Application:
Printing Inks, Cleansers, Chemical Intermediates, Plasticizers, Laxatives, Eye Drops, Hydraulic Brakes, Paints, and Others
By End-Use Industry:
Automotive (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), Cosmetic & Personal Care (Face Care, Hair Care, Body Care, and Others), Building & Construction (Commercial, Residential, Industrial, and Infrastructure), Pharmaceuticals, Chemicals, Textiles, and Others
By Geography:
North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East [Saudi Arabia, UAE, Israel, and Rest of the Middle East], and Africa [South Africa, Nigeria, and Rest of Africa])
Key Takeaways
Asia-Pacific dominates the e-series glycol ether market, owing to the flourishing applications of e-series glycol ethers in major sectors such as construction, pharmaceuticals, cosmetics, and others, along with major urbanization and established base in this region.
The flourishing building and construction industry is driving the e-series glycol ether market, owing to increasing demand for paints, coatings, lacquers, and others, thereby boosting the growth in the market.
The bolstering demand for e-series glycol ethers in the cosmetic & personal care sector for applications in face care products, body care, and hair care is increasing, thereby offering major growth in the market.
However, the hazardous impacts of the e-series glycol ethers such as nausea, respiratory irritations, and others create a major challenge in the market, due to restrictions implemented on the usage of such toxic substances.
Figure: Asia-Pacific E-series Glycol Ether Market Revenue, 2021-2027 (US$ Billion)
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The paints segment held a significant share in the e-series glycol ether market in 2021 and is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027. The robust growth of e-series glycol ether for paint applications is influenced by its superior features such as favorable solvent properties, high boiling point, water dissolvability, and suitability in different weather conditions. The paints have flourishing applications in the construction and automotive industries. The construction sector is growing rapidly due to factors such as urbanization, increasing spending on infrastructure development, and initiatives for additional housing construction. For instance, according to Oxford Economics, the global construction sector output is projected to reach US$15.2 trillion between 2020 and 2030, with an increase of 42%. The paints also have major demand in the automotive sector. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production saw a growth of 3% in 2021 compared to a fall of 16% in 2020. The total productions increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. With the growth in automotive vehicle production building and construction activities across the globe, the demand for paint application is projected to rise rapidly, which will offer major growth for paint applications in the e-series glycol ether market during the forecast period.
E-series Glycol Ether Market Segment Analysis – By End-Use Industry
The Building & Construction segment held a significant share in the e-series glycol ether market in 2021 and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. The e-series glycol ether has growing applications in the building and construction industry for water-based paints, lacquers, and others. The rapid growth in the construction sector is due to rising income, urbanization, emphasis on sustainable and green buildings, and rising production for various architectural and infrastructural projects. For instance, according to the US Census Bureau, construction spending in the US rose from US$1524.2 billion in April 2021 to US$1,744.8 billion in April 2022. According to the Make in India, by the government of India, the construction of around 2.95 crores of houses has been set under the ‘Housing for All’ by the year 2024. With the increase in the construction of housing units, buildings, and other projects across the globe, the demand for e-series glycol ethers for applications in paints, lacquers, varnishes, and others is anticipated to rise, which is projected to boost the market growth in the building & construction sector during the forecast period.
E-series Glycol Ether Market Segment Analysis – By Geography
The Asia-Pacific region held the largest share in the e-series glycol ether market in 2021 up to 42%. The robust growth of e-series glycol ether in APAC is influenced by a flourishing production base for glycol ethers, high demand from major industries such as construction, automotive, and others, and booming urbanization and rapid advancements in this region. The building & construction sector in APAC is growing rapidly due to factors such as the government’s initiative on infrastructural and building projects, urbanization, and demand for residential housing. According to the International Trade Administration (ITA), the cumulative private construction in South Korea was valued at US$120.3 billion in 2020, showing an increase of 20.4% compared to 2019. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is forecasted to reach US$1.4 trillion by 2025 and the real estate sector is estimated to reach US1 trillion by 2030. Thus, with the growing Infrastructural and construction developments, the demand for e-series glycol ether for various applications in paints, lacquers, varnishes, and others is anticipated to grow, which will boost the share of the Asia-Pacific region in the e-series glycol ether industry during the forecast period.
Bolstering Growth of the Cosmetic & Personal Care Industry
The e-series glycol ether has flourishing demand in the cosmetic and personal care industry for various applications in skin care products, hair care, body care, and others. The cosmetic and personal care sector is flourishing due to factors such as a rise in beauty and hygiene trends, changing lifestyles, and increasing demand for color cosmetics across the globe. For instance, according to the International Trade Administration, the revenues of the beauty and personal care sector in Thailand reached US$4.2 billion in 2021 and is estimated to grow at a rate of 5.5% through 2025, with the largest share of 42% by skincare, 12% by dental care, 14% by soaps and hygiene, and 15% by hair care. According to the L'OREAL annual report in 2021, the worldwide growth of the cosmetics sector rose by 8.2% in 2021 after showing a decline of 8.1% in 2020. With the rise in skin care, hair care, and others in the cosmetics & personal care industry, the demand for e-series glycol ether is rising, which is offering a drive and major growth opportunities in the e-series glycol ether market.
Rising Demand from the Pharmaceuticals Industry
The e-series glycol ethers such as ethylene glycol propyl ether (EGPE), ethylene glycol butyl ether (EGBE), and others have major demand in the pharmaceutical industry for applications in medicines, laxatives, ointments, eye drops, and others. The pharmaceutical industry is growing rapidly due to emerging medical conditions, the development of new medicines, and advancement in the medical infrastructure. For instance, according to the India Brand Equity Federation (IBEF), the pharmaceuticals sector in India was valued at US$42 billion in 2021 and is projected to reach US$120-US$130 billion by 2030. According to the European Federation of Pharmaceutical Industries and Association (EFPIA), the total production of pharmaceuticals rose from 293213 in 2019 to 310000 in 2020. With the rise in pharmaceutical production and growth, the applications of e-series glycol ether in ointments, medications, and other drugs are growing. Thus, the flourished demand from pharmaceuticals is driving and offering major growth in the e-series glycol ether industry.
#E-series Glycol Ether Market#E-series Glycol Ether Market share E-series Glycol Ether Market size E-series Glycol Ether Market forecast
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Propylene Glycol Methyl Ether Prices In India
A decline has been seen in the prices of propylene glycol methyl ether in the Ahmedabad market. Considering the widespread use of PGME across various sectors, this change in pricing dynamics has the potential to impact multiple industries globally. The reduction in PGME prices in Ahmedabad is particularly significant for the coatings, inks and adhesives industries, where this chemical is commonly used, indian prices Propylene Glycol Methyl Ether, indianpetrochem
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Glycol Ether Prices Trend, Monitor, News & Forecast | ChemAnalyst
Glycol ether prices, indicative of the cost of these chemical compounds, are subject to fluctuations driven by various factors such as global market dynamics, industrial demand, and production costs. Understanding these price movements entails a comprehensive analysis of supply and demand dynamics, regulatory changes, and macroeconomic indicators.
The pricing of glycol ethers is significantly influenced by the balance between supply and demand within industries such as paints and coatings, cleaners, solvents, and chemical manufacturing. Glycol ethers, versatile solvents with applications ranging from coatings and adhesives to cleaning products and pharmaceuticals, are essential components in numerous industrial processes. Disruptions in the supply chain, such as fluctuations in raw material availability, manufacturing capacity, or transportation logistics, can affect the availability and cost of glycol ethers, thereby influencing their market price.
Industrial demand plays a pivotal role in determining glycol ether prices. Industries such as paints and coatings, cleaners, and chemical manufacturing rely heavily on glycol ethers for their solvent properties. Fluctuations in demand from these sectors, influenced by factors such as construction activity, consumer spending, and regulatory requirements, can lead to price volatility for glycol ethers.
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Raw material costs significantly impact glycol ether prices. The price of raw materials such as ethylene oxide and alkylphenols, which are used in glycol ether production, can fluctuate due to changes in global supply and demand dynamics, energy costs, and regulatory factors. Any significant increase in raw material costs can translate into higher production costs for glycol ether manufacturers, thereby exerting upward pressure on prices.
Macroeconomic indicators, such as GDP growth, industrial output, and consumer spending, can indirectly affect glycol ether prices by influencing overall demand for products containing glycol ethers. Economic downturns or slowdowns in major manufacturing regions may lead to decreased demand and downward pressure on prices. Conversely, robust economic growth and increased consumer spending can support higher prices for glycol ethers by stimulating demand for paints, coatings, cleaners, and other industrial products.
Regulatory changes and quality standards also play a role in shaping glycol ether prices. Government regulations on product safety, environmental protection, and chemical handling can impact production costs and market access for glycol ether manufacturers. Compliance with these regulations may require investments in technology and process improvements, influencing pricing dynamics.
Looking ahead, several factors are expected to continue influencing glycol ether prices. Continued growth in sectors such as construction, automotive, and manufacturing, coupled with increasing demand for environmentally friendly and low-VOC (volatile organic compound) solvents, is likely to drive sustained demand for glycol ethers. Moreover, advancements in formulation technologies and changes in regulatory landscapes could lead to changes in market dynamics and price levels for glycol ethers.
In conclusion, glycol ether prices are subject to a complex interplay of factors including supply and demand dynamics, industrial trends, raw material costs, regulatory changes, and macroeconomic indicators. Stakeholders in the paints and coatings, cleaners, solvents, and chemical manufacturing industries must closely monitor these factors to anticipate price movements and make informed decisions. As industries evolve and regulatory requirements change, navigating the dynamic landscape of glycol ether pricing will remain a key challenge for industry participants.
Get Real-Time Glycol Ether Prices : https://www.chemanalyst.com/Pricing-data/glycol-ether-49
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