Industry Background:
A glycol ether solvent is a liquid that has both an ether and an alcohol inside its makeup and is used to dissolve other substances and is one of the most versatile classes of organic solvents. The glycol ethers are used as solvents for resins, varnishes, gum, perfume, lacquers, paints, dyes, inks, as a constituent of paints and pastes, liquid soaps, cosmetics, cleaning compounds, and hydraulic fluids. It has a higher boiling point, composed of favorable solvent properties of lower-molecular weight.This growth is primarily driven by Increasing Usage in Personal Care Products and Cosmetics
.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Litres |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as India Glycols Limited (India), Dow Chemical Company (United States), SolvChem (United States), BASF SE (Germany), LyondellBasell Industries, N.V. (Netherlands), SABIC (Saudi Arabia), Eastman Chemical Company (United States), Royal Dutch Shell PLC (Shell) (Netherlands), Sasol (South Africa), FBC Chemical (United States), INEOS (United Kingdom), KH Neochem Co. Ltd. (Japan), Oxiteno (Brazil) and Sadara (Saudi Arabia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2017, DowDuPont announced the completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science, and Specialty Products.
In September 2019, BASF planned to expand the integrated production of ethylene oxide and ethylene oxide derivatives at the Verbund in Antwerp. The company also mentions that the investment will exceed 500 million euros and will increase the company's production by 400,000 tons per year. Ethylene oxide derivatives are non-ionic surfactants, glycol ethers, used in the automotive industry.The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Regulatory Insights:
The United States Environmental Protection Agency (EPA) regulates the production, distribution, use, and disposal of chemicals, including glycol ethers, under various environmental laws such as the Toxic Substances Control Act (TSCA) and the Clean Air Act (CAA).
Influencing Trend:
Increasing Consumer Consciousness Regarding Health Hygiene and Rising Demand from Paint Industry
Market Growth Drivers:
Increasing Usage in Personal Care Products and Cosmetics and Rising Demand for Water Based Coatings
Challenges:
Most Ethylene Glycol Ethers Can Damage Red Blood Cells or Damage the Bone Marrow
Restraints:
Ethylene Glycol Is Highly Flammable and Ethylene Glycol May Harm the Environment from Inappropriate Disposal
Opportunities:
Increasing Investment in Infrastructural Development in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Glycol Ethers Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Glycol Ethers Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Glycol Ethers players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Glycol Ethers Study Sheds Light on
The Glycol Ethers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Glycol Ethers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Glycol Ethers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.