According to Acumen Research and Consulting, the global Glycol Ether market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach the consumption around 3 Million Tons by 2026.
Glycol ethers form a family of propylene glycol or ethylene glycol alkyl ethers based solvents
The report provides analysis of global Glycol Ether market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Increased application usage should drive the market size of glycol and the other in personal care, cleaners, paints & coats, pharmaceutics and printers. The increase in demand for water based coatings includes the product as a coalescing agent which is likely in the personal care and printing inks industries to increase industry growth.
In the formulating of skin and hair products, shampoos, personal cleanliness products and bath products, Glycol ether is widely used in personal care products and cosmetics. By 2026, the global size of the cosmetics market can exceed USD 452 million, with increases of over 4.7%. The rise of disposable per capita incomes along with lifestyle changes, as demand for skin care products increases due to different climatic conditions are expected to boost industry growth. Glycol ether market size could be accelerated by a rapidly increasing consumer awareness of health hygiene in the personal care sector.
The wider application of print products such as books, newspapers, magazines, and technical printed materials will increase the demand for printings thanks to the growing economic growth. Due to growing demand of corrugated carboard and flexible packaging applications, global demand in printing ink is projected to reach USD 25.5 billion up to 2026. Due to its quick drying and its compatibility with high-speed roll to roll roll yard printing, Glycol ether is widely used for printing inks. Rising consumer awareness and changing sociological perceptions about environmental sustainability will boost glycol ether automotive market demand. China accounted for approximately 30% of worldwide sales in 2018. Growing demand for nontoxic coatings and changing consumer perceptions towards improved technological changes will stimulate paints and coating the market demand for vehicle color combined with a growing automobile business. They are widely used to protect against external factors such as UV and rain, which will promote market growth. They are used to protect the environment.
Because of stringent FDA and EU regulations, Glycol ether is restricted on consumer goods. The intricate nature of organic matter and its toxicity, effervescence and fume compatibility with inorganic substances make it difficult to conduct systematic research into security and efficiency which mainly prevents market growth. Low product levels and direct exposure to humans can lead to conjunctivitis, upper respiratory pathways, headache, temporary horny clouding and nausea.
In 2018, demand on the glycol ether worldwide E series rose to approximately USD 851 million. The factors that speed up product demand are increasing use of applications in the pharmaceutical, cleaners, paint & paint sector due to its favorable properties, such as high water solubility, low volatility and strong solvent strength.
The market demand for ethylene glycol and butyl ether acetates from the application of coatings will probably grow substantially up to 4.2% over the predictable period. Fast industrialisation will increase product demand for the coating industry by enhancing the flow and gloss of coatings. It gives a good tolerance to aromatic and aliphatic hydrocarbons and replaces those solvents to improve properties such as high-performance roll application or brushability.
Significant gains in the size of the glycol ether market may be seen by over 4.5% by 2026. It is used mainly for surface treatment with metal and non-metallic materials, water processing and laboratory products. They are used with cleaners because they offer physical and performing properties for cleaning formulations due to rapid evaporation, a reduction in surface tension and low toxicity.
The market demand for tripropylene glycol methyl ether (TPM) is expected to exceed USD 86 million by 2026 for electronic applications. They are used to manufacture positive photo-resistant formulations and to cleane & degrade solvent systems in circuit boards as well as removing soldering flux for diverse uses in the electronics industry.
Glycol ethers and acetates are used to improve the paint fluxing and leveling features and to extend the wet edge, ensuring smoother lapping and brush marking elimination. The recent build upturn begins worldwide and a positive scenario for investment in infrastructure increased demand for glycol ethers in paints. The demand for architectural and industrial lacquering is expected to increase, giving further impetus for the Glycol ether market over the period forecast, given promising prospects of automotive and construction starts. Many substances like hydrocarbons, alcohols, acetates and ketones are used as the main solvent in the printing industry. Glycol ether is highly preferred to be an evaporative tailing solvent. The main compounds used in silkscreen inks are propylene methyl and di-propylene methyl acetates. Glycol ether is an effective mutual solvent in cosmetic formulations which can be used as low-cost substitute for isopropyl esters in fatty acids. The compound is currently used as a preservative in several personal care products and can be used up to a total concentration by volume of 1,0 percent.
Canadian-driven North America and the size of the US glycol ether market may record significant increases in excess of 4.5% by 2026. Growing consumer awareness of quality, non-toxic and biodegradable cosmetics can drive demand for the regional market. Favorable FDA GRAS rules with changing consumer perceptions and increased consumer awareness on various glycol ether products stimulate overall share of the market.
Market demand from Europe is expected to exceed USD 2.2 trillion in 2026, driven by UK, France and Germany. The market in electric and hybrid vehicles will be boosted by strict environmental and fuel regulations in Scandinavia including Sweden, Norways, Denmark and Finland. For protection and decorative applications, Glycol ether coatings are widely used in automobile industry.
Asia Pacific's market size for glycol ether was estimated in 2018 to be over 2 billion USD, led by Japan, India and China. The increased demand for paints and coatings in construction & renovation activities is likely to support regional growth. The market will increase. Supportive government efforts to build homes, schools, universities and hospitals will raise market demand.
Global Glycol Ether Market, By Product
Global Glycol Ether Market, By Application
Global Glycol Ether Market, By Geography
The market research study on “Glycol Ether Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Glycol Ether market segments with market dynamics and their impact. The report also covers basic technology development policies.
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Key Players & Strategies
Global market shares are divided between major players in industry such as BAS Food and Food Safety, Sasol, Huntsman Corporation, Shell, LyondellBasell, Dow Chemical Company, Eastman Chemical Company, Exxon Mobil Corporation, Matric Chemicals and Biesterfeld AG. Mergers & Joint Ventures are involved in increasing their presence & expanding product portfolio and increasing their research potential to achieve greater benefits. Merge & Joint Enterprise is a major contributor of the company. Moreover, manufacturers focus on high quality products to promote the overall growth of industry that are economically sustainable.
The presence of a wide range of products covering several end-use industries has allowed these companies to consolidate their top market position. Apart from product innovation, a strong marketing of their products is one of the key aspects covered by those multinationals, which captures a wider customer base.
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