Glycol Ethers Market - Segmented by Type, Application, End-user Industry and Geography - Growth, Trends, and Forecast (2019 - 2024)

Glycol Ethers Market - Segmented by Type, Application, End-user Industry and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The market for glycol ethers is expected to register a significant growth during the forecast period, 2018 to 2023.This tremendous growth is significantly driven by the increasing use in cosmetics and personal care products.

Increasing Use in Cosmetics and Personal Care Products

Glycol ethers, such as PEG-25 propylene glycol stearate, PEG-75 propylene glycol stearate, PEG-120 propylene glycol stearate, and PEG-55 propylene glycol oleate help various ingredients dissolve in a solvent, and hence are used in various cosmetic formulations. According to a report by L'Oreal, the global cosmetics industry was estimated to be around EUR 205 billion in 2016, growing at a rate of more than 4% through the years. The personal care industry too is rising rapidly through the years owing to growing awareness among consumers about health hygiene. The growth in this market is primarily driven by countries, such as South Korea, India, United States, Brazil, UAE, and South Africa. Such positive growth is expected to drive the cosmetics and personal care industry, which, in turn, anticipated to drive the market for glycol ether through the forecast period.

Paints & Coatings Segment to Dominate the Market

Paints & coatings industry is one of the major end-users of glycol ether. These are widely used in the formulation of architectural and automotive coatings. With growing consumer spending and rising population, the global automotive production has been increasing constantly. According to ACEA (European Automobile Manufacturers Association), the global production of motor vehicles was somewhere around 96 million units in 2016. These factors, in turn, are likely to have a positive impact on the glycol ether market for automotive coatings. Additionally, the growing global residential sector consistently with the recovering construction industry in Europe and increasing investments by the Indian and Chinese governments on their respective infrastructure sectors is expected to propel the demand for glycol ether in the formulation of architectural coatings.


Asia-Pacific to Dominate the Market Growth

Asia-Pacific represents the largest regional market of the global glycol ethers market with almost 40% of the market share. The accelerating demand for eco-friendly coatings and the increasing demand from the automotive sector are the major drivers for the Asia-Pacific glycol ethers market. Even the cosmetics industry in Asia-Pacific, which is largest regional market of the cosmetics industry is further instrumental in strengthening the position of the region in global glycol ethers market.

Key Developments

  • January 2018: China launched an anti-dumping review of industrial solvents ethylene glycol monobutyl ether and diethylene glycol monobutyl ether imported from the United States and the European Union.
  • July 2017: Sadara started production of propylene glycol in Saudi Arabia.
  • March 2017: Seven ethylene glycol ethers have been declared not harmful as defined by section 64 of the Canadian Environmental Protection Act, 1999 (CEPA) in a draft screening assessment.

Major Players: BASF SE, Eastman Chemicals Company, Royal Dutch Shell, DowDuPont and Sasol Limited among others.

Reasons to Purchase this Report

  • Identify the current and future prospects of the global glycol ethers market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information of the segment that is expected to dominate the market
  • Identify the region that is expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Market Insights

                3.1 Industry Value-Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increasing Use in Cosmetics and Personal Care Products

                                4.1.2 Accelerating use in Paints & Coatings Industry

                                4.1.3 Growth of Other End-User Industries

                4.2 Restraints

                                4.2.1 REACH Regulations Regarding Use

                                4.2.2 Emergence of New Products, Llke Cellulosic Ethanol, to Use as a Solvent for Cleaning Agents

                4.3 Opportunities

                                4.3.1 Growing Awareness Leading to Excess Demand for P-series Glycol for Low Emission Oxygenated Diesel Fuel

                                4.3.2 Industrialization and Infrastructure Development in Asia

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Type (Synthesis Route)

                                5.1.1 E-series

                                       Methyl glycol ethers

                                       Ethyl glycol ethers

                                       Butyl glycol ethers

                                5.1.2 P-series

                                       Propylene glycol monomethyl ether (PM)

                                       Dipropylene glycol monomethyl ether (DPM)

                                       Tripropylene glycol monomethyl ether (TPM)

                                       Other Propylene glycol ethers

                5.2 By Application

                                5.2.1 Solvent

                                5.2.2 Anti-Icing Agent

                                5.2.3 Hydraulic & Brake Fluid

                                5.2.4 Chemical Intermediate

                5.3 By End-user Industry

                                5.3.1 Paints and Coatings

                                5.3.2 Printing

                                5.3.3 Pharmaceuticals

                                5.3.4 Cosmetics and Personal Care

                                5.3.5 Adhesives

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Taiwan

                                6.1.6 Australia & New Zealand

                                6.1.7 ASEAN Countries

                                6.1.8 Rest of Asia-Pacific

                6.2 Europe

                                6.2.1 Germany

                                6.2.2 United Kingdom

                                6.2.3 France

                                6.2.4 Italy

                                6.2.5 Russia

                                6.2.6 Netherlands

                                6.2.7 Rest of Europe

                6.3 North America

                                6.3.1 United States

                                6.3.2 Canada

                                6.3.3 Mexico

                                6.3.4 Rest of North America

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 BASF SE

                8.2 DowDuPont

                8.3 Eastman Chemical Company

                8.4 FBC Chemical

                8.5 India Glycols Limited

                8.6 INEOS

                8.7 KH Neochem Co. Ltd

                8.8 LyondellBasell Industries Holdings BV

                8.9 Nippon Nyukazai Co. Ltd

                8.10 Oxiteno

                8.11 Recochem Inc.

                8.12 Royal Dutch Shell PLC

                8.13 SABIC

                8.14 Sadara

                8.15 Sasol Limited

                *List not exhaustive

9. Disclaimer

** Subject to availability on public domain

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