According to a report by MicroMarket Manager, the global E-Series glycol ether market is estimated to be worth $29.7 billion by 2019, at a compund annual growth rate (CAGR) of 3.9 percent from 2014 to 2019.
E-series glycol ethers are a broad class of commodity chemicals that find use in numerous applications. They are commonly used as ingredients in cleaning products, paints and coatings and personal care products. E-series glycol ethers are a class of compounds under the glycol ether family. The primary types of glycol ether are characterized by repeating ethylene (E-series) or propylene (P-series) glycol units, terminated on one or both ends by alkyl ethers, phenyl ethers or acetates.
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E-series glycol ethers have been mainly used in domestic and industrial households products as a solvent, due to their excellent solvency properties. This in turn is driving the E-series glycol ether market in the Asia-Pacific region.
The Asia-Pacific region dominated the global E-series glycol ether market in 2014, with a share of 41.5 percent; its market size is projected to grow at a CAGR of 5.4 percent from 2014 to 2019.
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E-series glycol ether is an excellent solvent and coalescent for solvent and water-based paints, coatings, inks and adhesive formulations. It has excellent solvency for a variety of resins, including acrylic, alkyd, phenolic, epoxy, nitrocellulose and urethane. E-series glycol ether is an important component in household and industrial cleaners, with enhanced wetting and cleaning abilities.
They are also used in hydraulic fluids; in vinyl and acrylic paints and coatings;
as solvents in varnishes, enamels, spray lacquers and so on.
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Acquisitions, agreements and joint ventures are among the key development strategies of the players in this market. Manufacturing companies, associations and end-product manufacturers infuse high investments for future advancements and technology modifications of E-series glycol ether to match the new demands coming from the various end-user industries.
The Asia-Pacific is the largest region, both in terms of volume and value, followed by North America and then Europe. The key players in the global E-series glycol ether market are BASF SE (Germany), Huntsman Corp. (U.S.), Eastman Chemical Co. (U.S.), SABIC (Saudi Arabia), LyondellBasell (Netherlands), Ineos Oxide (Switzerland), ExxonMobil (U.S.), Shell Chemical Co. (Netherlands), Sasol Ltd. (South Africa) and The Dow Chemical Co. (U.S.), among others.
The E-series glycol ether demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements and joint ventures of the leading E-series glycol ether companies in the global scenario.
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