Glycol Ether Market Analysis

Glycol Ether Market Analysis

Global E series glycol ether market segment was valued at about $850 million in 2018. Increasing application usage in pharmaceutical, cleaners, and paints & coatings sectors due to its favorable properties including high water solubility, low volatility, and strong solvent strength are the factors accelerating the global market.

Ethylene glycol butyl ether acetate segment demand from coatings application is likely to witness significant growth up to 4% over the predictable timeframe. Rapid industrialization will increase product demand for coating industry where it improves coatings flow and gloss. It provides good tolerance for aromatic and aliphatic hydrocarbons and replaces these solvents to enhance characteristics such as roll application in high performance coatings or brushability.

P series glycol ether market may witness significant gains at over 4% through 2025. It is mainly utilized for metal and non-metal surface treatment, water treatment formulation and laboratory products. They are used with cleaners as they offer physical and performance properties for cleaning formulations on account of fast evaporation, surface tension reduction and low toxicity properties. 

Tripropylene glycol methyl ether (TPM) demand from electronics applications is poised to exceed $85 million by 2025. They are utilized in electronics industry for diverse uses such as manufacturing positive photoresist formulations, cleaning & degreasing solvent systems in circuits boards and removing soldering flux.

North America, driven by Canada, and the U.S. may register significant growth over 4% through 2025. Growing consumer consciousness towards high quality, nontoxic, and biodegradable cosmetics may drive the regional market demand. Favorable regulations by FDA regarding GRAS approval for various glycol ether products along with changing consumer perceptions and rising consumer consciousness will stimulate the overall glycol ether market share.

Europe driven by UK, France and Germany may surpass $2 billion by 2025. Stringent environment & fuel regulations by Scandinavian countries including Sweden, Norway, Denmark and Finland will boost the glycol ether market for electric and hybrid vehicles. Glycol ether coatings are widely used in automotive industry for protection and decorative applications.

Asia Pacific led by Japan, India and China was valued at over $1.9 billion in 2018. Increase in construction & renovation activities will boost the market for paints & coatings demand which is likely to support the regional growth. Supportive government initiatives in constructing residences, schools, hospitals, and universities will increase the glycol ether market demand.