Global Propylene Glycol Ether Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.
The global Propylene Glycol Ether Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Propylene Glycol Ether Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Propylene Glycol Ether Market Overview:
Propylene glycol ether is an organic solvent with a wide range of industrial and commercial uses similar to other glycol ethers. Propylene glycol is used as a solvent in printing and writing inks and paints and coatings. Propylene Glycol Ether is also used as an industrial and commercial paint stripper. Propylene Glycol Ether has a high melting point.
Global Propylene Glycol Ether Market Dynamics:
Increasing demand for the paints and coating industry is the key factor responsible to drive the market. As paints and coating are widely used in protective applications in several industries. The attractive properties of propylene glycol ether like water solubility, fast evaporation rate, solvency, and solubility for various resins such as acrylic, polyesters, epoxies, and polyurethanes are boosting the market growth of propylene glycol ether. And the greater viscosity reduction property as compared to other heavy molecular weight glycol ethers.
The lower toxicity level of propylene glycol ether and higher eco-friendly characteristic is widely accepting the use of propylene glycol ether in end-user industries. Hence the increasing application in industries is further creating demand for the propylene glycol ether market and is propelling the market growth.
Rapid growth in paint and coating industries and advanced infrastructure in the industrial sector as the investment of developing countries in the industrial sector is creating demand for solvents and paint coatings. Propylene glycol ether being organic with less harmful effects of high VOC content has motivated the propylene glycol ether market.
Growing wide acceptance of electronics like mobile phones, home appliances, and increasing purchasing power of the individual due to rising disposable income has further created a huge demand for propylene glycol ether in the forecast period. The fluctuating price of oil and gas is hampering the market as petroleum derivatives are the basing ingredients of propylene glycol ether.
Global Propylene Glycol Ether Market Segment Analysis:
By Type, the segment is trifurcated into Propylene Glycol Mono Methyl Ether (PM), Dipropylene Glycol Mono Methyl Ether (DPM), and Tripropylene Glycol Mono Methyl Ether (TPM). Dipropylene Glycol Mono Methyl ether and Propylene Glycol Mono Methyl Ether both organic solvents have the same properties like solvents in paints, varnishes, printing inks, and strippers and as a coating material in architectural and automotive industries as wood and coil coating and metal finishing.
Dipropylene Glycol Monomethyl ether is also used as solvents in paste, cosmetics as it offers low toxicity and is a colorless liquid with a pleasant odor. All three types are water-soluble and miscible with various kinds of solvents and have good solvency. Due to the above-mentioned factors, they are widely accepted as solvents that dominated the type segment in the propylene glycol ether market.
Global Propylene Glycol Ether Market
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By Application, the segment is divided into Chemical intermediate, Paints and Coating, Consumer Goods, Pharmaceuticals, Electronics, Semiconductor, TFT-LCD. Propylene glycol ether is widely used in the pains and coating industries. They are used as solvents and for flow regulation and amalgamation. The paint and coating industry is dominating the propylene glycol ether market. Propylene glycol is also used as a drug carried in pharmaceutical industries. Propylene glycol ether is also used as a household cleaning agent thus rising demand for domestic and industrial cleaning agents is rising in countries like Indonesia, China, and India due to rapid industrialization.
Global Propylene Glycol Ether Market
Global Propylene Glycol Ether Market Regional Insights:
Asia Pacific market is estimated to show significant growth in the forecast period as the industrial sector is growing and the construction activities are developing in the region. Developing countries like India, Indonesia, Vietnam, and the Philippines are creating robust growth in the paints and coating industries. Additionally, the demand for personal care products is growing at a healthy pace in the region.
North America is the second dominating region in the propelling glycol ether market. due to the high consumption of fuel in the regional government authorities have raised regulation on fuel emission and this factor has propelled the demand for glycol ether to lower the emission rate of oxygenated diesel fuel.
Global Propylene Glycol Ether MarketThe objective of the report is to present a comprehensive analysis of the global Propylene Glycol Ether Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Propylene Glycol Ether Market dynamics, structure by analyzing the market segments and project the global Propylene Glycol Ether Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Propylene Glycol Ether Market make the report investor’s guide.
Global Propylene Glycol Ether Market Scope: Inquire before buying
Global Propylene Glycol Ether Market
Global Propylene Glycol Ether Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Propylene Glycol Ether Market Key Player
• Lyondell Basell Industries Holdings N.V.
• Royal Dutch Shell plc
• DowDuPont Inc.
• BASF SE
• Eastman Chemical Company
• Chang Chan Group
• Manali Petrochemicals Limited
• KH Neochem Co., Ltd
• Shiny Chemical Industrial Company Limited
• Jiangsu Baichuan High-tech New Materials Co., Ltd
• Jiangsu Hualun Chemical Industry Co. Ltd.
• Jiangsu Dynamic Chemical Co., Ltd.
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