Global Glycol Ether Revenue Sales to Reach US$ 10.09 Bn by 2024 End - Persistence Market Research - Seite 2

Based on application, paints, coatings & adhesives segment will remain dominant throughout the forecast period, capturing a value share of over 53% by 2024 end. With a gain of over 100 BPS, cleaners will represent the second largest segment, reaching beyond US$ 1.8 Bn in 2024. Other application segments are likely to witness a drop in terms of BPS.

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Regional Insights 

By region, APAC will retain the leading regional market position and expand at the fastest CAGR of 9.9% over the forecast period. Accounting for over 40% share of the market value in 2024, this segment will experience a massive boost in BPS. This growth is attributed to substantial consumption by paints and printing ink sectors within this region, especially by water-based flexo inks manufacturing companies. Europe, despite a slight decline over the assessment period, will remain the second largest market for glycol ether.

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Key Vendor Insights 

The Persistence Market Research report profiles some of the top companies competing in the global glycol ether marketplace. A few of the key players are The Dow Chemical Company, BASF SE, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc., Eastman Chemical Company, Sasol Limited, HANNONG CHEMICALS INC., Dynamic International Enterprises Limited, and Jiangsu Ruijia Chemistry Co., Ltd.

A few prominent trends among leading manufacturers include increased focus on P-series glycol ethers production. Companies are also seeking inorganic expansion. Through vertical or horizontal expansions and acquisitions, a majority manufacturers are aspiring strong partnerships and long-term contracts with raw material distributors.

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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