Glycol Ethers Market Report and Forecast 2024-2032

According to the report, the global glycol ethers market grew substantially in 2023. Aided by the surging demand in the paints and coatings sector and the expanding applications of glycol ethers in a variety of sectors, the market is projected to further grow at a CAGR of 4.5% between 2024 and 2032.

Glycol ethers are a group of solvents derived from alcohols such as ethylene glycol or propylene glycol. They are known for their excellent solvent properties in both water and organic liquids, making them vital for various industries. Predominantly, they are used in paints, cleaning products, inks, and cosmetics. Apart from their solvency, glycol ethers also offer evaporation rate adjustability, coalescing abilities, and water compatibility.

One of the primary driving forces behind the glycol ethers market growth is its increasing adoption in the paints and coatings sector. As urbanisation progresses rapidly and the construction industry thrives, there is a burgeoning demand for high-quality paints and coatings, which invariably requires glycol ethers for their formulation. The solvents not only offer enhanced paint performance but also help in achieving better gloss and flow.

Moreover, the cosmetics and personal care industry is contributing significantly to the glycol ethers market demand. Given the solvents’ ability to mix with water and organic solvents, they have become indispensable in formulating products like creams, lotions, and perfumes, offering consistent texture and ensuring even distribution of ingredients.

The expanding utility of glycol ethers in the electronics industry also underlines the market's growth trajectory. As per the glycol ethers market analysis, they are often employed in the production of electronic cleaning agents due to their effective solvency. With the electronics sector on a global upswing, especially in regions like Asia-Pacific, the demand for such cleaning solutions is anticipated to remain robust, propelling the glycol ethers market forward.

Furthermore, the cleaning products sector has witnessed a surge in the demand for glycol ethers, especially during the recent times of heightened awareness of hygiene due to global health concerns. Glycol ethers, with their effective solvency, play a pivotal role in formulating cleaning agents that not only cleanse surfaces but also ensure no residue remains and further increase the glycol ethers market size.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

• E- Series
• P- Series

Market Breakup by Application

• Paints and Coatings
• Chemical Intermediates
• Solvents
• Brake Fluid
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global glycol ethers market. Some of the major players explored in the report are as follows:

• Dow Chemical Company
• Jiangsu Dynamic Chemical Co., Ltd.
• LyondellBasell Industries N.V.
• BASF SE
• Sasol Limited
• Shell Chemicals
• Others