Global Glycol Ethers Market Overview to 2026 – Including BASF, Eastman Chemical and Sasol among others – ResearchAndMarkets.com

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DUBLIN – (BUSINESS WIRE) – The report “Glycol Ethers Market – Growth, Trends, Impact of COVID-19 and Forecast (2021-2026)” has been added to ResearchAndMarkets.com from offer.

The glycol ethers market is expected to register a CAGR of over 5.5% during the forecast period.

Companies mentioned

  • BASF SE

  • Eastman Chemical Company

  • FBC Chemical Corp.

  • Ineos Group Limited

  • KH Neochem Co. Ltd

  • LyondellBasell Industries NV

  • Nippon Nyukazai Co. Ltd

  • Oxiteno

  • Recochem, Inc. (HIG Capital)

  • Royal Dutch Shell PLC

  • Sasol Limited

  • Dow

  • India Glycols Ltd

Main market trends

Paints and coatings segment to dominate the market

  • Glycol ether aids in the formation of a suitable film during the curing of the coating and acts as an active solvent in resins. It helps optimize the rate of solvent evaporation in a coating. It is also useful for improving the flow characteristics of paint and for removing brush marks during painting.

  • The paints and coatings industry is the largest consumer of glycol ethers. Paints and coatings are widely used in various industries, such as construction, automotive and packaging.

  • Residential and commercial construction has increased significantly across the world, driving the demand for glycol ethers, for their application in the production of architectural paints and coatings.

  • According to the World Bank, construction industry spending in 2020 is expected to grow by around 4.2% from 2019. This, in turn, is likely to increase demand for glycol ether. during the forecast period.

  • The Asia-Pacific has seen growth in residential and commercial construction projects, due to growing housing needs and notable growth opportunities prevailing in the region.

  • In the Middle East, government efforts to develop non-oil industries are leading to investments in sectors such as tourism, hospitality, health, which further boost demand and investment in business infrastructure.

  • North America has also seen a notable increase in residential construction and renovation projects in the country. The steady economic recovery in Europe has triggered construction activity in the region.

  • Moreover, in the global automotive industry, although production declined by 1.1% in 2018, factors such as increased investment in the sector to increase production, the continued efforts of automakers to develop and launch new cars and electric vehicle development and promotion efforts. sector, are likely to stimulate the growth of the automotive industry.

  • Therefore, the above-mentioned trends are likely to increase the demand and production in the paints and coatings market, which can further boost the demand for raw materials like glycol ethers.

Asia-Pacific region dominates the market

  • The Asia-Pacific region dominated the market share. Demand for products, such as paints, coatings, and adhesives, has increased from end-user industries, such as automotive, construction, electronics, and packaging.

  • Countries like India, China, Philippines, Vietnam and Indonesia have many construction projects and planned investments, which can increase the demand for architectural paints, coatings and adhesives.

  • Countries like India, Thailand, Vietnam, Pakistan and Malaysia have seen notable growth in auto production. China, the world’s largest automaker, plans to increase production of electric vehicles (EVs) to 2 million per year by 2020, and 7 million per year by 2025.

  • In addition, in the cosmetics and personal care industry, the demand is increasing at a noticeable rate in the region, due to the influence of western culture and the increased demand for cosmetics from young people. With this, market players are increasing investment and production, thereby stimulating the demand for raw materials, including glycol ethers.

  • Pharmaceutical industry in India, South Korea and ASEAN countries are witnessing huge investments from foreign countries, in order to exploit market opportunities, which may increase demand for ethers of glycol in the region, during the forecast period.

  • Hence, these favorable market trends are likely to drive the growth of the glycol ethers market in the region, during the forecast period.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing use in cosmetics and personal care products

4.1.2 Accelerated use in the paints and coatings industry

4.2 Constraints

4.2.1 REACH and EPA regulations concerning the use of glycol ether

4.2.2 Emergence of new products, such as cellulosic ethanol, to be used as a solvent for cleaning agents

4.3 Industry Value Chain Analysis

4.4 Porter’s five forces analysis

5 MARKET SEGMENTATION

5.1 Type

5.2 Application

5.3 End-user industry

5.4 Geography

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing Awareness Leading to Excessive Demand for P-Series Glycol for Low Emission Oxygenated Diesel Fuel

For more information on this report, visit https://www.researchandmarkets.com/r/h2ujdg.



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