New York, NY -- (SBWIRE) -- 01/21/2021 -- The global glycol ethers market is forecast to reach USD 7.82 Billion by 2027, according to a new report by Reports and Data. Glycol ethers [GE], with both alcohol and ether functional group in the same molecule, are considered to be one of the versatile organic solvents. These compounds are characterized by traits like chemical stability, excellent solvency, and compatibility with water along with various other organic solvents. The dual functionality of this solvent contributes to its unique solvency properties.

In context to region, Europe can be seen to occupy a significant market share. The market share held by this region is resultant of the expansion of the electronics industry, rising demand for paints & coating from the construction sector, and well-established cosmetic industry.

Companies considered and profiled in this market study:

The DowDuPont Chemical Company, BASF SE, SABIC, LyondellBasell Industries, N.V., Royal Dutch Shell PLC (Shell), Eastman Chemical Company, Sasol, Nippon Nyukazai Co. Ltd., India Glycols Limited and FBC Chemical.

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This report covers the recent COVID-19 incidence and its impact on Glycol Ethers. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

Scope of the study:

An extensive study of the product application and services conducted by subject matter experts assessing the Glycol Ethers market will help product owners to make a wise decision. From analyzing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers' requirement. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.

For the purpose of this report, Reports and Data have segmented into the global Glycol Ethers market based on the Dye Types, Pigments, Applications, and region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

P-series
E-series

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Paints and Coatings
Pharmaceuticals
Printing
Cosmetics and Personal Care
Electronics
Others

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Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Solvent
Hydraulic and Brake Fluid
Anti-Icing Agent
Chemical Intermediate

Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest

The Glycol Ethers market held a market share of USD 91 Billion in the year 2018 that is forecasted to grow at a rate of 5.1% during the forecast period.

In context to Product Type, the P-series segment generated a higher revenue of USD 3.88 Billion in 2018, with a CAGR of 5.4% during the forecast period. The elevated application of P-series GE in various products ranging from cleaners, degreasers, adhesives, and aerosol paints because of its low toxicity as compared to E-series products contributes to the revenue generated by this segment.

In context to End-user, the Paints and Coatings segment is leading the market that generated the highest revenue of USD 2.21 Billion in 2018 with a growth rate of 5.3% during the forecast period. The revenue generated by the segment is attributed to the applicability of this compound as a solvent for paints and coatings that results in its extensive use in paints and coatings. The rising demand for paints and coatings from construction and automotive sector also contributes to the market share occupied by this segment….Continued

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Reasons to buy this market intelligence report

Detailed market evaluation both at regional and global levels.
Significant changes in market scenario, along with an extensive competitive analysis.
Classification of the industry based on product type, application, and region.
Market segments segregated on the basis of type, application, and geography.
Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales.
Investigation of significant developments in the market dynamics.
Niche market segments and regions.

Highlights of the TOC:

Report Overview

1.1 Research Scope
1.2 Key Glycol Ethers market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline

Global Growth Trends

2.1 Global Glycol Ethers market size
2.2 Latest Glycol Ethers market trends
2.3 Key growth trends

Competitive Landscape

3.1 Global Glycol Ethers market key players
3.2 Global Glycol Ethers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Glycol Ethers market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

Continued…

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