Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Glycol Ethers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
Global market for glycol ether is undergoing significant transformations, driven by a multitude of factors across various industries. Analysts from Persistence Market Research offer a compelling viewpoint on the market dynamics, emphasizing the pivotal role played by key sectors such as paints and coatings, construction, electronics, and printing inks. In this comprehensive analysis, we delve into the intricate details of these driving forces, segmented by product types, applications, and geographical regions, to provide a thorough understanding of the glycol ether market landscape.
Market Drivers:
The demand for glycol ether is intricately linked to the growth trajectories of several industries, prominently including paints and coatings, cleaners, printing inks, electronics, and construction. These sectors are experiencing significant expansion globally, fueled by various socio-economic factors and technological advancements.
The construction industry, particularly in emerging regions such as Asia Pacific, Middle East, Latin America, Africa, and Eastern Europe, is poised for robust growth in the coming years. Factors such as rapid urbanization, infrastructure development, renovation projects, and the emergence of smart cities are driving this growth momentum. As the construction sector flourishes, so does the demand for paints, coatings, and adhesives, thereby bolstering the glycol ether market.
Furthermore, the electronics industry, with its stronghold in Asia Pacific and Africa, is witnessing a surge in demand. The proliferation of electronic devices, coupled with advancements in technology, is driving this growth. Additionally, the printing inks and cleaners sectors are also expected to experience a substantial increase in demand, further augmenting the glycol ether market's expansion.
Segment Analysis:
E-Series glycol ether finds extensive applications in paints, coatings, and adhesives due to its excellent solvent properties and low volatility. On the other hand, P-Series glycol ether is preferred in applications requiring higher boiling points and better solvency power, such as cleaners and printing inks.
The paints, coatings, and adhesives segment dominates the glycol ether market, driven by the burgeoning construction industry and increasing infrastructure projects worldwide. Cleaners and printing inks sectors are also significant contributors to the glycol ether demand, owing to their widespread usage across various industries.
North America and Europe exhibit mature markets for glycol ether, characterized by established industries and stringent regulatory frameworks. However, the Asia Pacific region, propelled by rapid industrialization and urbanization, emerges as a key growth driver for the glycol ether market. Similarly, Latin America, the Middle East, and Africa are witnessing significant growth opportunities, fueled by infrastructural developments and economic growth.
Competitive Landscape
- By End Use vs by Application Heat map
- Manufacturer vs by Application Heatmap
- Company Market Share Analysis, 2023
- Competitive Dashboard
Company Profiles
- Eastman Chemical Company
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategies and Development
- FBC Chemical Corporation
- Hannong Chemicals Inc.
- Huntsman Corporation
- India Glycols Limited
- KH Neochem
- Shell Plc.
Key Topics Covered:
1. Executive Summary
1.1. Global Glycol Ethers Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Glycol Ethers Market Outlook, 2018 - 2031
3.1. Global Glycol Ethers Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. E-series
3.1.1.2. P-series
3.1.1.3. Propylene Glycol Methyl Ether
3.1.1.4. Propylene Glycol Propyl Ether
3.1.1.5. Propylene Glycol Methyl Ether Acetate
3.1.1.6. Propylene Glycol Phenyl Ether
3.1.1.7. Others
3.2. Global Glycol Ethers Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Solvent
3.2.1.2. Anti-icing
3.2.1.3. Hydraulic & Brake Fluid
3.2.1.4. Chemical Intermediates
3.3. Global Glycol Ethers Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Paints and Coatings
3.3.1.2. Printing
3.3.1.3. Pharmaceuticals
3.3.1.4. Cosmetics & Personal Care
3.3.1.5. Others
3.4. Global Glycol Ethers Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/n32hfa
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