Market Size of Glycol Ethers Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 0.90 Million tons |
| Market Volume (2029) | 1.12 Million tons |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glycol Ethers Market Analysis
The Glycol Ethers Market size is estimated at 0.9 Million tons in 2024, and is expected to reach 1.12 Million tons by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The COVID-19 outbreak, nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market.
- The major factors driving the growth of the market studied are the increasing usage of cosmetics and personal care products and accelerating demand in the paints and coatings industry.
- On the flip side, REACH and EPA regulations regarding the usage of glycol ethers, and the emergence of new products to use as a solvent for cleaning agents are restraining the growth of the market studied.
- The growing awareness leading to excess demand for P-series glycol for low emission oxygenated diesel fuel, is likely to provide opportunities for the market studied, during the forecast period.
- North America is the dominating region in the global glycol ethers market and Asia-Pacific is expected to grow at a fastest rate during the forecast period.
