E-Series Glycol Ether Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global E-Series Glycol Ether Market stood at USD 1.67 billion in 2022 and is anticipated to grow with a CAGR of 3.72% in the forecast period, 2023-2028. The initiatives taken by the government based on e-series glycol ether has led to favorable market conditions for the Global E-Series Glycol Ether Market. Several factors contribute to the growth of various e-series glycol ether products.
In recent years, there has been a notable shift in regulations towards safer chemicals, bringing to light the significance of E-Series Glycol Ethers in the market. The Environmental Protection Agency (EPA) has actively included ethylene glycol monobutyl ether (EGBE), a specific type of E-Series Glycol Ether, in its toxic chemical release reporting list. These regulatory measures serve as a catalyst for industries to embrace safer alternatives, potentially leading to an increased demand for E-Series Glycol Ethers that are less toxic in nature.
Moreover, it is important to recognize the influence of regulatory actions on market dynamics. A prime example of this can be seen in the case of Dow, where they made a strategic decision to cease the production of certain glycol ethers due to their inherent toxicity. Instead, Dow shifted its focus towards the manufacturing of E-series butyl glycol ethers, which are known to possess lower toxicity levels. This shift in production had a profound impact on the supply landscape, reshaping the availability of glycol ethers in the market.
These regulatory shifts not only underscore the importance of using safer chemicals but also highlight the need for continuous innovation and adaptation in the industry. As companies respond to these regulations, they not only contribute to a safer environment but also fuel the development and adoption of more sustainable and less-toxic alternatives in the market.
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The E-Series Glycol Ether is experiencing a thriving demand in the cosmetic and personal care industry. It is widely utilized in various applications such as skin care products, hair care, body care, and more. The cosmetic and personal care sector is flourishing due to several factors, including the rising beauty and hygiene trends, evolving lifestyles, and increasing demand for color cosmetics worldwide.
For instance, according to the International Trade Administration, the beauty and personal care sector in Thailand generated revenues of US$4.2 billion in 2021. It is projected to grow at a rate of 5.5% through 2025, with skincare accounting for the largest share of 42%, followed by dental care (12%), soaps and hygiene (14%), and hair care (15%). Moreover, according to the L’OREAL annual report in 2021, the worldwide growth of the cosmetics sector showed a remarkable recovery, rising by 8.2% after a decline of 8.1% in 2020.
With the increasing demand for skin care, hair care, and other products in the cosmetics & personal care industry, the demand for E-Series Glycol Ether is on the rise. This trend offers significant growth opportunities and serves as a driving force in the E-Series Glycol Ether Market.
The Global E-Series Glycol Ether Market is segmented into type, application, regional distribution, and company
Based on its application, the others segment held the largest share in the market. The E-Series Glycol Ether is experiencing growing applications in the building and construction industry, particularly in the formulation of water-based paints, lacquers, and other related products. This surge in usage can be attributed to several factors driving the rapid growth of the construction sector. These include the increasing income levels of individuals, the ongoing process of urbanization, the growing emphasis on sustainable and green buildings, as well as the rising production of various architectural and infrastructural projects.
For example, according to data from the US Census Bureau, construction spending in the United States has witnessed a significant increase from US$1524.2 billion in April 2021 to US$1,744.8 billion in April 2022. Similarly, the Make in India initiative by the government of India has set a target of constructing around 2.95 crores of houses under the ‘Housing for All’ program by the year 2024. This substantial construction activity, not only in India but also across the globe, is expected to drive the demand for E-Series Glycol Ethers in various applications such as paints, lacquers, varnishes, and others.
As a result, the market growth of E-Series Glycol Ethers in the building and construction sector is projected to witness a significant boost during the forecast period. This increased demand is driven by the growing need for these chemicals in the construction of housing units, buildings, and other large-scale projects worldwide.
Based on region, the Asia Pacific segment is expected to grow during the forecast period.
Glycol ethers, versatile chemical compounds, are produced and utilized in significant quantities across various regions, particularly in Western Europe, and China. These compounds find wide applications in industries such as paints and coatings, where there is a growing demand due to increasing infrastructure activities. The market growth of E-Series glycol ether is supported by this high demand for paint and coating products, making it a vital component of the industry’s supply chain.
Major companies operating in the Global E-Series Glycol Ether Market are:
- Eastman Chemical Co
- Huntsman Corporation
- Saudi Basic Industries Corporation (SABIC)
- LyondellBasell Chemical Company
- India Glycols Limited
- Shell Chemical LP
- Exxon Mobil Corporation
- Sasol Ltd.
- BASF SE
- Dow Inc.
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“Growing application of e-series glycol ether in various end-user industries are key drivers of the e-series glycol ether market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of e-series glycol ether with every passing year are anticipated to register an impressive growth to Global E-Series Glycol Ether Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“E-Series Glycol Ether Market By Type (Ethylene Glycol Propyl Ether, Ethylene Glycol Butyl Ether, Ethylene Glycol Butyl Ether Acetate, Others), By Application (Paints & Coatings, Cosmetics & Personal Care, Pharmaceutical, Automotive, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global E-Series Glycol Ether Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global E-Series Glycol Ether Market.
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Table of Content-E-Series Glycol Ether Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global E-Series Glycol Ether Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type (Ethylene Glycol Propyl Ether, Ethylene Glycol Butyl Ether, Ethylene Glycol Butyl Ether Acetate, Others)
4.2.2. By Application (Paints & Coatings, Cosmetics & Personal Care, Pharmaceutical, Automotive, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Type
4.3.2. By Application
4.3.3. By Region
- Asia Pacific E-Series Glycol Ether Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Application
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China E-Series Glycol Ether Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By Application
5.3.2. India E-Series Glycol Ether Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Type
5.3.2.2.2. By Application
5.3.3. Australia E-Series Glycol Ether Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Type
5.3.3.2.2. By Application
