Glycol Ethers Market - Historical, Current and Projected Industry Size and Recent Industry Trends by 2015 - 2021
Glycol ethers manufactured through reaction of alcohols with propylene oxide or ethylene oxide. Glycol ethers are compatible with water and other organic solvents.
New York, NY -- (SBWire) -- 05/09/2016 --Glycol ethers manufactured through reaction of alcohols with propylene oxide or ethylene oxide. Glycol ethers are compatible with water and other organic solvents. Majority of the demand for glycol ethers is from paints and coatings industry where glycol ethers are used as solvents. Depending upon the oxides used in the production of glycol ethers, the market is classified as P-series and E-series. E-series glycol ethers are manufactured from ethylene oxides and find applications in inks, dyes, pharmaceuticals, cosmetics and personal care among others. P-series glycol ethers are manufactured from propylene oxides and find applications in cleaners, degreasers, adhesives and aerosol paints among others. E-series glycol ethers have higher toxicity as compared to P-series. E-series glycol ethers include ethyl and butyl glycol ether.
The market for glycol ethers was mainly driven by paints and coatings industry. There is huge demand for glycol ethers as coalescing aids and solvent in paint and coatings industry. Coalescing aids is one of the essential part in water soluble paints where glycol ether helps in formation of high quality films. E-series glycol ethers with higher molecular weights are used in hydraulic brake fluids. In chemical manufacturing, E-series glycol ethers are used as chemical intermediates for the manufacturing of ether, halides and alcohols. In paints and coatings, P-series glycol ethers are used as solvents for resins such as epoxies, alkyds, acrylics, polyesters and polyurethanes among others. In cleaners and degreasers, P-series glycol ethers provide reduced surface tension, lower toxicity and good solvency. In electrical and electronics industry, glycol ethers are used in manufacturing of laminates which are used in circuit boards. In agrochemical industry, glycol ethers are used as solvents in herbicides and pesticides. Other significant application of glycol ethers includes adhesives, textiles and cosmetics among others. However, there is a risk of consolidation of the production due to increased number of manufacturers in China.
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In terms of demand, Asia Pacific was the leading region in glycol ethers market in 2013. Asia Pacific is expected to be the fastest growing markets for both P-series and E-series glycol ethers due to increasing demand from paints and coatings, agricultural chemicals, textiles, detergents and chemical manufacturing in this region. China had the highest demand for E-series and P-series glycol ethers in Asia Pacific region. India, Japan, Taiwan and Korea are expected to provide better huge opportunities for glycol ethers market in near future. Asia Pacific was followed by North America. Increasing demand from cleaners, greasers, paints, agricultural chemicals and textile industry is driving the demand for glycol ethers in this region. U.S. had the highest demand for glycol ethers in North America. In 2013, Europe had the third-largest demand for glycol ethers market. Increasing demand for glycol ethers from electronics and paints & coatings industry has been driving the market for glycol ethers in Europe. Western Europe had the largest demand for glycol ethers and is likely to follow similar trend over forecast period. Rest of the World market is likely to show optimistic growth for the glycol ethers market in upcoming years. Latin America and the Middle East are expected to show stable demand for glycol ethers in next few years to come.
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Some of the key manufacturers in the glycol ethers market are BASF SE, LyondellBasell Industries, INEOS, Royal Dutch Shell, The Dow Chemical Company, Eastman Chemical Company, among others.
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