Glycol Ethers Market Size (2024 - 2029)

The Glycol Ethers Market is projected to experience growth over the forecast period, driven by increased use in cosmetics, personal care products, and the paints and coatings industry. Despite challenges posed by regulatory constraints and the emergence of alternative solvents, the market is expected to expand, with North America leading and Asia-Pacific anticipated to grow rapidly. The demand for P-series glycol in low emission diesel fuel presents additional opportunities for market expansion.

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Market Size of Glycol Ethers Industry

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Glycol Ethers Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 4.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Glycol Ethers Market 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.

Glycol Ethers Industry Segmentation

Glycol ethers are a group of chemical compounds that are based on alkyl ethers. These are mostly used as solvents in different end-use applications. It finds its major application in the personal care and hygiene segment. The glycol ethers market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into the P series and the E series. By application, the market is segmented into the solvent, anti-icing agent, hydraulic and brake fluid, and chemical intermediate. By end-user industry, the market is segmented into paints and coatings, printing, pharmaceuticals, cosmetic and personal care, adhesives, and other end-user industries. The report also covers the market size and forecasts for the glycol ethers market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (Tons).

Type
E-series
Methyl Glycol Ether
Ethyl Glycol Ether
Butyl Glycol Ether
P-series
Propylene Glycol Monomethyl Ether (PM)
Dipropylene Glycol Monomethyl Ether (DPM)
Tripropylene Glycol Monomethyl Ether (TPM)
Other Propylene Glycol Ethers
Application
Solvent
Anti-Icing Agent
Hydraulic and Brake Fluid
Chemical Intermediate
End-user Industry
Paints and Coatings
Printing
Pharmaceuticals
Cosmetics and Personal Care
Adhesives
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Glycol Ethers Market Size Summary

The glycol ethers market is poised for steady growth over the forecast period, driven by increasing demand in the cosmetics, personal care, and paints and coatings industries. The market experienced a setback due to the COVID-19 pandemic, which disrupted manufacturing and supply chains, but has since rebounded. The paints and coatings sector, a major consumer of glycol ethers, benefits from their role in enhancing paint application and finish. This sector's growth is fueled by rising construction and automotive production globally, which in turn boosts the demand for architectural paints and coatings. However, regulatory challenges and the emergence of alternative solvents pose potential constraints to market expansion. Despite these challenges, opportunities arise from the growing demand for low-emission fuels, which could further stimulate the market.

Regionally, North America leads the glycol ethers market, while Asia-Pacific is expected to experience the fastest growth. The Asia-Pacific region, with its burgeoning automotive and construction industries, particularly in China, India, and Japan, is witnessing a surge in demand for glycol ethers. This demand is further bolstered by the increasing popularity of cosmetics and personal care products influenced by Western culture. Additionally, significant investments in the pharmaceutical sector across India, South Korea, and ASEAN countries are anticipated to drive market growth. The market remains fragmented, with key players like BASF SE, Eastman Chemicals Company, and Dow holding notable positions, yet none dominate the market to the extent of altering its dynamics independently.

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Glycol Ethers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Use in Cosmetics and Personal Care Products

      2. 1.1.2 Accelerating Use in Paints and Coatings Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 REACH and EPA Regulations Regarding the Use of Glycol Ether

      2. 1.2.2 Emergence of New Products to Use as a Solvent for Cleaning Agents

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 E-series

        1. 2.1.1.1 Methyl Glycol Ether

        2. 2.1.1.2 Ethyl Glycol Ether

        3. 2.1.1.3 Butyl Glycol Ether

      2. 2.1.2 P-series

        1. 2.1.2.1 Propylene Glycol Monomethyl Ether (PM)

        2. 2.1.2.2 Dipropylene Glycol Monomethyl Ether (DPM)

        3. 2.1.2.3 Tripropylene Glycol Monomethyl Ether (TPM)

        4. 2.1.2.4 Other Propylene Glycol Ethers

    2. 2.2 Application

      1. 2.2.1 Solvent

      2. 2.2.2 Anti-Icing Agent

      3. 2.2.3 Hydraulic and Brake Fluid

      4. 2.2.4 Chemical Intermediate

    3. 2.3 End-user Industry

      1. 2.3.1 Paints and Coatings

      2. 2.3.2 Printing

      3. 2.3.3 Pharmaceuticals

      4. 2.3.4 Cosmetics and Personal Care

      5. 2.3.5 Adhesives

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Glycol Ethers Market Size FAQs

The Glycol Ethers Market size is expected to reach 0.90 million tons in 2024 and grow at a CAGR of 4.5% to reach 1.12 million tons by 2029.

In 2024, the Glycol Ethers Market size is expected to reach 0.90 million tons.

Glycol Ethers Market Report Snapshots

Glycol Ethers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)