New York, NY -- (SBWIRE) -- 12/15/2016 -- Introduction to market:
Global paint and coating industry has recovered firmly from 2008-09 recession and growing with brisk rate. Paint and coating industries are major consumers of glycol ether. Glycol ether group is one of the most versatile industry solvent, which based on alkyl ether of ethylene glycol commonly used in paints and cleaner. Glycol ethers also found its use in ink, varnishes, mainly water based coating, chemical intermediates, hydraulic brake fluid, Anti icing agents, cosmetic and drugs. Glycol ether is result of reaction between ethylene oxide (EO)/propylene oxide (PO) with alcohol, which is classified as E-series and P-series respectively. Methanol, ethanol, propanol, butanol and hexanol these are the most commonly used alcohols in the manufacturing of glycol ether.
As report published by World Painting and Coating Association (WPCIA) in 2015, there is increase in global sale of paints by 3.9%. Again same report states that paints and coating industry sectors recovered firmly from 2008-09 recession, so mainly paints and coating industry drives global market for glycol ether. Global market for chemical is growing and continue to grow in future this will help the global glycol market. Asia pacific and Middle East & North Africa are bigger market for infrastructure due to this there will be demand for paint and coating materials. Printing ink market is growing due to technology advancement such as new digital imaging devices and which will help the glycol ether market. Automobile market in the region of North America, Europe and Asia-Pacific region is growing which will also going to fuel paint and coating market in respective region. Residential and commercial building growth in world is strong for last few years, which is fueling paint and coating industry globally.
Country wise policies in health care has huge impact on global chemical market. North America and Europe has a strict policies for the use of methy glycol ether which can also become restraint in global ether market.
From the last few years there is increase in awareness of paint use in residential sector in Asia Pacific region and which will help glycol ether market to grow in Asia Pacific region. Apart from that, improve in painting technology and availability of alternative are fueling global glycol ether market Improve in printing technique also contributing in global ether market. Global sales of chemical companies is doubled over last decade and growth rate is in double digit for next decade. In terms of geography, Asia pacific is biggest market for glycol ether and it will remain the biggest market for next decade.
Glycol ether market segmented on the basis of geography, chemical isomers, applications, end users.
On the basis of geography global Glycol Ether market segmented in to North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
On the basis of types global Glycol Ether market can be segmented into E-series glycol ether and P-series glycol ether.
On the basis of application Glycol Ether can be segmented into paints & coating, printing ink, cleaner, cosmetic & personal care, pharmaceuticals, chemical intermediates.
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Some of the key manufacturers in the glycol ethers market are The Dow Chemical Company BASF SE, LyondellBasell Industries, Royal Dutch Shell, Eastman Chemical Company, INEOS, among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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