E-Series Glycol Ether Market - Forecast(2023 - 2028)

Report Code: CMR 14355 Report Format: PDF + Excel

E-Series Glycol Ether Market Overview

The E-Series Glycol Ether Market size is estimated to reach US$2.3 billion by 2027 after growing at a CAGR of 4.2% during the forecast period 2022-2027. The E-Series Glycol Ether is ethylene oxide-based, water-soluble, and a strong solvent. The glycol ether forms solvents that are based on alkyl ethers of ethylene glycol or propylene glycol. The E-Series Glycol Ethers consist of ethylene glycol butyl ether acetate (EGBEA), ethylene glycol propyl ether (EGPE), ethylene glycol butyl ether (EGBE), ethylene glycol ethyl ether (EGEE), or ethyl cellosolve and others that have major demand for applications in cleaning, pharmaceuticals, automotive, cosmetics, and others. The E-Series Glycol Ether offers superior properties such as solvent strength, low volatility, and strong water compatibility thereby having applicability across various end-use industries. Moreover, the rapid growth in the construction sector is propelling the demand for E-Series Glycol Ethers for applicability in water-based paints, varnishes, and others, thereby acting as a driver for the market. The covid-19 outbreak created major disruptions in the market due to factors such as halted productions, logistics disruptions, demand and supply chain gaps, and other lockdown restrictions. However, with the robust demand and recovery in industries, the applications of E-Series Glycol Ether are growing. This is anticipated to boost the growth in the E-Series Glycol Ether Market during the forecast period.

Report Coverage

The report: “E-series Glycol Ether Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the E-Series Glycol Ether Market.

By Type: Ethylene Glycol Propyl Ether (EGPE), Ethylene Glycol Ethyl Ether (EGEE), Ethylene Glycol Monomethyl Ether (EGME), Ethylene Glycol Butyl Ether (EGBE), Ethylene Glycol Butyl Ether Acetate (EGBEA), and Others
By Molecular Weight: Low and High
By Application: Printing Inks, Cleansers, Chemical Intermediates, Plasticizers, Laxatives, Eye Drops, Hydraulic Brakes, Paints, and Others
By End-Use Industry: Automotive (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), Cosmetic & Personal Care (Face Care, Hair Care, Body Care, and Others), Building & Construction (Commercial, Residential, Industrial, and Infrastructure), Pharmaceuticals, Chemicals, Textiles, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East [Saudi Arabia, UAE, Israel, and Rest of the Middle East], and Africa [South Africa, Nigeria, and Rest of Africa])

Key Takeaways

  • Asia-Pacific dominates the E-Series Glycol Ether Market, owing to the flourishing applications of E-Series Glycol Ethers in major sectors such as construction, pharmaceuticals, cosmetics, and others, along with major urbanization and established base in this region.
  • The flourishing building and construction industry is driving the E-Series Glycol Ether Market, owing to increasing demand for paints, coatings, lacquers, and others, thereby boosting the growth in the market.
  • The bolstering demand for E-Series Glycol Ethers in the cosmetic & personal care sector for applications in face care products, body care, and hair care is increasing, thereby offering major growth in the market.
  • However, the hazardous impacts of the E-Series Glycol Ethers such as nausea, respiratory irritations, and others create a major challenge in the market, due to restrictions implemented on the usage of such toxic substances.

 Figure: Asia-Pacific E-series Glycol Ether Market Revenue, 2021-2027 (US$ Billion)

E-series Glycol Ether Market

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The paints segment held a significant share in the E-Series Glycol Ether Market in 2021 and is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027. The robust growth of E-Series Glycol Ether for paint applications is influenced by its superior features such as favorable solvent properties, high boiling point, water dissolvability, and suitability in different weather conditions. The paints have flourishing applications in the construction and automotive industries. The construction sector is growing rapidly due to factors such as urbanization, increasing spending on infrastructure development, and initiatives for additional housing construction. For instance, according to Oxford Economics, the global construction sector output is projected to reach US$15.2 trillion between 2020 and 2030, with an increase of 42%. The paints also have major demand in the automotive sector. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production saw a growth of 3% in 2021 compared to a fall of 16% in 2020. The total productions increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. With the growth in automotive vehicle production building and construction activities across the globe, the demand for paint application is projected to rise rapidly, which will offer major growth for paint applications in the E-Series Glycol Ether Market during the forecast period.

E-Series Glycol Ether Market Segment Analysis – By End-Use Industry

The Building & Construction segment held a significant share in the E-Series Glycol Ether Market in 2021 and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. The E-Series Glycol Ether has growing applications in the building and construction industry for water-based paints, lacquers, and others. The rapid growth in the construction sector is due to rising income, urbanization, emphasis on sustainable and green buildings, and rising production for various architectural and infrastructural projects. For instance, according to the US Census Bureau, construction spending in the US rose from US$1524.2 billion in April 2021 to US$1,744.8 billion in April 2022. According to the Make in India, by the government of India, the construction of around 2.95 crores of houses has been set under the ‘Housing for All’ by the year 2024. With the increase in the construction of housing units, buildings, and other projects across the globe, the demand for E-Series Glycol Ethers for applications in paints, lacquers, varnishes, and others is anticipated to rise, which is projected to boost the market growth in the building & construction sector during the forecast period.

E-Series Glycol Ether Market Segment Analysis – By Geography

The Asia-Pacific region held the largest share in the E-Series Glycol Ether Market in 2021 up to 42%. The robust growth of E-Series Glycol Ether in APAC is influenced by a flourishing production base for glycol ethers, high demand from major industries such as construction, automotive, and others, and booming urbanization and rapid advancements in this region. The building & construction sector in APAC is growing rapidly due to factors such as the government’s initiative on infrastructural and building projects, urbanization, and demand for residential housing. According to the International Trade Administration (ITA), the cumulative private construction in South Korea was valued at US$120.3 billion in 2020, showing an increase of 20.4% compared to 2019. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is forecasted to reach US$1.4 trillion by 2025 and the real estate sector is estimated to reach US1 trillion by 2030. Thus, with the growing Infrastructural and construction developments, the demand for E-Series Glycol Ether for various applications in paints, lacquers, varnishes, and others is anticipated to grow, which will boost the share of the Asia-Pacific region in the E-Series Glycol Ether industry during the forecast period.

Bolstering Growth of the Cosmetic & Personal Care Industry

The E-Series Glycol Ether has flourishing demand in the cosmetic and personal care industry for various applications in skin care products, hair care, body care, and others. The cosmetic and personal care sector is flourishing due to factors such as a rise in beauty and hygiene trends, changing lifestyles, and increasing demand for color cosmetics across the globe. For instance, according to the International Trade Administration, the revenues of the beauty and personal care sector in Thailand reached US$4.2 billion in 2021 and is estimated to grow at a rate of 5.5% through 2025, with the largest share of 42% by skincare, 12% by dental care, 14% by soaps and hygiene, and 15% by hair care. According to the L'OREAL annual report in 2021, the worldwide growth of the cosmetics sector rose by 8.2% in 2021 after showing a decline of 8.1% in 2020. With the rise in skin care, hair care, and others in the cosmetics & personal care industry, the demand for E-Series Glycol Ether is rising, which is offering a drive and major growth opportunities in the E-Series Glycol Ether Market.

Rising Demand from the Pharmaceuticals Industry

The E-Series Glycol Ethers such as ethylene glycol propyl ether (EGPE), ethylene glycol butyl ether (EGBE), and others have major demand in the pharmaceutical industry for applications in medicines, laxatives, ointments, eye drops, and others. The pharmaceutical industry is growing rapidly due to emerging medical conditions, the development of new medicines, and advancement in the medical infrastructure. For instance, according to the India Brand Equity Federation (IBEF), the pharmaceuticals sector in India was valued at US$42 billion in 2021 and is projected to reach US$120-US$130 billion by 2030. According to the European Federation of Pharmaceutical Industries and Association (EFPIA), the total production of pharmaceuticals rose from 293213 in 2019 to 310000 in 2020. With the rise in pharmaceutical production and growth, the applications of E-Series Glycol Ether in ointments, medications, and other drugs are growing. Thus, the flourished demand from pharmaceuticals is driving and offering major growth in the E-Series Glycol Ether industry.

E-Series Glycol Ether Market Challenges

Hazardous Nature of E-series Glycol Ether

The ethylene glycol e-series ethers are toxic and create major hazardous impacts on the environment and human health. The low molecular E-Series Glycol Ethers such as ethylene glycol ethyl ether (EGEE) or ethyl cellosolve and ethylene glycol methyl ether (EGME) release toxic gases into the environment. Various restrictions and regulations are implemented for limiting the usage of such hazardous glycol ethers from REACH, PNEC, and others. Moreover, the European Union and Canada have adopted regulations for limiting the use of E-Series Glycol Ethers in consumer goods. For instance, Annex XVII to REACH restricts the toxic substances in consumer products, including various glycol ethers. Thus, owing to such restrictions and toxic effects, the demand and applications of E-Series Glycol Ethers face major impact and slowdown, thereby creating a challenge in the market.

E-Series Glycol Ether Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the E-Series Glycol Ether MarketE-Series Glycol Ether top 10 companies are:

  1.  BASF SE
  2. Eastman Chemicals
  3. The Dow Chemical Company
  4.  Basic Industries Corporation (SABIC)
  5. LyondellBasell Chemical Company
  6. Huntsman Corporation
  7. Shell Chemicals
  8. Sasol Limited
  9.  India Glycols Limited
  10. INEOS

E-Series Glycol Ether Market Recent Developments

  • In November 2021, the SABIC announced the initial startup activities of the ethylene glycol plant-3 at Jubail United Petrochemical Company. The new plant uses innovative technologies and reduces emissions and offers sustainability in the market.
  • In July 2021, the India Glycols and Clariant formed a new joint venture, with a 49% stake by IGL and 51% by Clariant. The venture aimed to boost the manufacturing of ethylene oxide derivatives and other green ethylene oxide derivatives, thereby offering expansion in the market.
  • In September 2019, the BASF announced the expansion of the integrated ethylene oxide and derivatives complex at the Verbund site. The derivatives include E-Series Glycol Ethers and p-series glycol ethers, non-ionic surfactants, and others for application in automotive, thereby boosting growth in the market.

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1. E-Series Glycol Ether Market- Market Overview
    1.1 Definitions and Scope
2. E-Series Glycol Ether Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Molecular Weight
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. E-Series Glycol Ether Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. E-Series Glycol Ether Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. E-Series Glycol Ether Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. E-Series Glycol Ether Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
       6.3.1 Bargaining Power of Suppliers
       6.3.2 Bargaining Powers of Buyers
       6.3.3 Threat of New Entrants
       6.3.4 Competitive Rivalry
       6.3.5 Threat of Substitutes
7. E-Series Glycol Ether Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. E-Series Glycol Ether Market – By Type (Market size –US$ Million/Billion)
    8.1 Ethylene Glycol Propyl Ether (EGPE)
    8.2 Ethylene Glycol Ethyl Ether (EGEE)
    8.3 Ethylene Glycol Monomethyl Ether (EGME)
    8.4 Ethylene Glycol Butyl Ether (EGBE)
    8.5 Ethylene Glycol Butyl Ether Acetate (EGBEA)
    8.6 Others
9. E-Series Glycol Ether Market – By Molecular Weight (Market size –US$ Million/Billion)
    9.1 Low
    9.2 High
10.E-Series Glycol Ether Market – By Application (Market size –US$ Million/Billion)
    10.1 Printing Inks
    10.2 Cleansers
    10.3 Chemical Intermediates
    10.4 Plasticizers
    10.5 Laxatives
    10.6 Eye Drops
    10.7 Hydraulic Brakes
    10.8 Paints
    10.9 Others
11. E-Series Glycol Ether Market - By End-Use Industry (Market Size -US$ Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Vehicles
        11.1.2 Light Commercial Vehicles
        11.1.3 Heavy Commercial Vehicles
    11.2 Cosmetic & Personal Care
        11.2.1 Face Care
        11.2.2 Hair Care
        11.2.3 Body Care
        11.2.4 Others
    11.3 Building & Construction
        11.3.1 Residential
        11.3.2 Commercial
        11.3.3 Industrial
    11.4 Pharmaceuticals
    11.5 Chemicals
    11.6 Textiles
    11.7 Others
12. E-Series Glycol Ether Market - By Geography (Market Size -US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 Rest of Europe
    12.3 Asia-Pacific
        2.3.1 China
        2.3.2 Japan
        2.3.3 India
        2.3.4 South Korea
        2.3.5 Australia and New Zeeland
        2.3.6 Indonesia
        2.3.7 Taiwan
        2.3.8 Malaysia
        2.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. E-Series Glycol Ether Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. E-Series Glycol Ether Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. E-Series Glycol Ether Market – Key Company List by Country Premium Premium
16. E-Series Glycol Ether Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global E-series Glycol Ethers Market By Type Market 2019-2024 ($M)
2.Global E-series Glycol Ethers Market By Type Market 2019-2024 (Volume/Units)
3.North America E-series Glycol Ethers Market By Type Market 2019-2024 ($M)
4.South America E-series Glycol Ethers Market By Type Market 2019-2024 ($M)
5.Europe E-series Glycol Ethers Market By Type Market 2019-2024 ($M)
6.APAC E-series Glycol Ethers Market By Type Market 2019-2024 ($M)
7.MENA E-series Glycol Ethers Market By Type Market 2019-2024 ($M)

LIST OF FIGURES

1.US E-series Glycol Ether Market Revenue, 2019-2024 ($M)
2.Canada E-series Glycol Ether Market Revenue, 2019-2024 ($M)
3.Mexico E-series Glycol Ether Market Revenue, 2019-2024 ($M)
4.Brazil E-series Glycol Ether Market Revenue, 2019-2024 ($M)
5.Argentina E-series Glycol Ether Market Revenue, 2019-2024 ($M)
6.Peru E-series Glycol Ether Market Revenue, 2019-2024 ($M)
7.Colombia E-series Glycol Ether Market Revenue, 2019-2024 ($M)
8.Chile E-series Glycol Ether Market Revenue, 2019-2024 ($M)
9.Rest of South America E-series Glycol Ether Market Revenue, 2019-2024 ($M)
10.UK E-series Glycol Ether Market Revenue, 2019-2024 ($M)
11.Germany E-series Glycol Ether Market Revenue, 2019-2024 ($M)
12.France E-series Glycol Ether Market Revenue, 2019-2024 ($M)
13.Italy E-series Glycol Ether Market Revenue, 2019-2024 ($M)
14.Spain E-series Glycol Ether Market Revenue, 2019-2024 ($M)
15.Rest of Europe E-series Glycol Ether Market Revenue, 2019-2024 ($M)
16.China E-series Glycol Ether Market Revenue, 2019-2024 ($M)
17.India E-series Glycol Ether Market Revenue, 2019-2024 ($M)
18.Japan E-series Glycol Ether Market Revenue, 2019-2024 ($M)
19.South Korea E-series Glycol Ether Market Revenue, 2019-2024 ($M)
20.South Africa E-series Glycol Ether Market Revenue, 2019-2024 ($M)
21.North America E-series Glycol Ether By Application
22.South America E-series Glycol Ether By Application
23.Europe E-series Glycol Ether By Application
24.APAC E-series Glycol Ether By Application
25.MENA E-series Glycol Ether By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Saudi Basic Industries Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Shell Chemical Company Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Exxon Mobil Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sasol Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Eastman Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Lyondellbasell Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Ineos Oxide, Sales /Revenue, 2015-2018 ($Mn/$Bn)