Report ID: SQMIG15A2507
Report ID: SQMIG15A2507
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Report ID:
SQMIG15A2507 |
Region:
Global |
Published Date: February, 2025
Pages:
183
|Tables:
98
|Figures:
71
Glycol Ethers Market size was valued at USD 9.2 Billion in 2024 and is poised to grow from USD 9.67 Billion in 2025 to USD 14.39 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026–2033).
The high demand for water-soluble active ingredients across end-use industries including printing and personal care industries is predicted to boost the growth of the market.
The major reason for the global glycol ethers market growth has been attributed to an increase in the consumption of water-based coatings that comprise of glycol ether as a coalescing agent across the printing and personal care sectors. It has large growth opportunities in the glycol ethers market due to its wide variety of applications in critical industries. The construction industry is witnessing rapid growth, especially in the emerging economies due to the ever-increasing urbanization. Such growth is driving the demand for paints, coatings, and adhesives, which use glycol ethers as solvent. This is further supported by investments in a variety of infrastructure projects, which encompass the construction of both residential and commercial structures.
Additionally, there is substantial potential for expansion within the automotive sector. Automotive fluids, including brake fluids, windshield wiper fluids, and coolants, are among the most critical glycol ethers for manufacturing. The demand for glycol ethers is on the rise as vehicle production increases globally and automotive technologies continue to develop. The pharmaceutical industry is also a lucrative glycol ethers market. The demand for glycol ethers as solvents and intermediates is expected to rise substantially with an expanding pipeline of pharmaceutical medications, especially injectable formulations and vaccines. Glycol ethers' importance in the pharmaceutical market is further strengthened by the growing focus on drug innovation and research and development investments.
Even more, the concern is towards sustainability practices and bio-based glycol ethers with the environmental issue on hand. This offers a prospect for developing greener glycol alternatives that are more environmentally friendly or more environmentally strict, thus more appealing to consumers who now are more eco-sensitive. Growth in the market is also driven by developments in high-performance solvents and cleaning agents. The glycol ethers market possesses a good scope for growth based on the ever-rising demand in construction, automotive, and pharmaceutical industries and the requirement of sustainability.
BASF SE announced in 2023 that medium-sized chemical manufacturing facilities face an ever-growing need to meet increasingly stringent environmental and safety regulations. A typical plant may have to commit around $5 million over five years to improve its facilities and processes. The aim of this investment is to increase production efficiency and comply with sustainability regulations. The relocation is part of the commitment of BASF to sustainable development, with a focus on improving operational performance and reducing the environmental impact along its global value chain.
A general price increase for a range of Eastman Chemical Company's solvents became effective in September 2023. Affected solvents include Eastman™ DB Solvent, Eastman™ EB Solvent, and Eastman™ DTB Solvent. The average increase in North and Latin America is US cents 0.05 per pound or US dollars 0.11 per kilogram. That the increase is brought about to supplement the demand for high-performance solvents in automobiles, coatings, and in pharmaceutical industries whereby the cost for production is balanced with the risen cost.
Shell has taken significant strides in its circular economy workstream, with a special focus on recycling glycol ether. In June 2023, to research the development of procedures for the recovery and use of glycol ethers from industrial waste streams multiple partnerships and collaborations entered. This business will continue to support Shell's goal of sustainable and resource efficiency for the chemical industry. To lessen the environmental impact, it makes sure that waste is decreased and recycled resources are reintegrated into the supply chain.
Market snapshot - 2026-2033
Global Market Size
USD 8745.67 million
Largest Segment
E-Series
Fastest Growth
P-Series
Growth Rate
5.1% CAGR
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Global Glycol Ethers Market is segmented by Type, Application, End-Use Industry and region. Based on Type, the market is segmented into E-Series and P-Series. Based on Application, the market is segmented into Solvent, Anti-icing, Hydraulic and Brake Fluid and Chemical Intermediates. Based on End-Use Industry, the market is segmented into Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives and Other End-Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
As per the 2024 global glycol ethers market analysis, the e-series segment dominated the market. It is estimated that this segment will continue its strong growth during the forecast period. The E-series glycol ethers comprise methyl, ethyl, and butyl glycol ethers. These are considered superior because of their good solubility, lower volatility, and relatively stronger solvent properties compared with the T-series. These glycol ethers are primarily used as solvents and coupling agents in industrial and household cleansers. Besides, they are used in various cleaning agents, paints and coatings, pharmaceutical formulations, and automotive fluids in which all this is driving the growth of this segment from 2025 to 2032.
The P-series glycol ethers segment is expected to grow at a CAGR of 6.5% during the period 2025 to 2032. The excellent solvent properties of P-series glycol ethers make them the first choice for industrial and commercial applications, particularly in the surface treatment of both metal and non-metal materials. They serve in different types of water treatment formulations and laboratory supplies, where their dissolving action is an absolute requirement on such a wide range of substances. The increasing size of the industries dealing with water treatment, electronics, and surface coatings will be predicted to enhance the demand for P-series glycol ethers. Their different uses in these markets are expected to ensure a persistent expansion of the market.
Analysis By Application
Based on the 2024 global glycol ethers market forecast, the ink & dyes segment significantly dominated the market and is expected to experience above-average growth during the forecast period. Asia-Pacific's growing textile industry is also an important aspect since pigments and dyes are required to print and dye the fabrics. Glycol ethers are also necessary to act as finishing agents for leather products in order to improve its durability, color, and texture. This category is expected to keep growing as the demand for leather products and textile printing continues to grow. The market's growth prospects have been furthered by the increased usage of glycol ethers in the textile and leather industries.
On the other hand, the paint remover segment is also expected to maintain a significant market share in the application segment in the forecast period. This growth can be credited to the growing trend of home renovation activities across developed and developing countries. Demand for efficient paint removers that often contain glycol ethers is increasing as individuals continue to renovate and maintain their homes. These removers can break paint and coatings. This segment will contribute significantly to the larger glycol ethers market. The primary growth drivers of this segment will be the construction and home improvement sectors.
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Asia-Pacific dominated the glycol ethers industry, capturing a 41.5% share of the market. Industrial base in this region is the strongest, as well as its growing demand for paints, coatings, and personal care products are the primary causes of this surge. India, China, Japan, and South Korea are notable contributors to this market. The demand is particularly high in China due to a construction boom and accelerated industrialization. Furthermore, the market is expected to grow further during the forecast period due to the region's increased investments in infrastructure development and favorable government initiatives.
China is one of the most important markets for glycol ethers and leads the Asian-Pacific region. Rapid industrialization and construction in the country increase demand for glycol ethers, particularly in paints, coatings, and personal care products. The government's goal is for a 20% penetration rate in EV production by 2025, one of the leading trends in China towards electric vehicles. This is already witnessed with the sales of 5.67 million units of EVs in the year 2022 which had almost doubled the sales realized during the calendar year 2021. Promotional activities that stress green technology across the nation lead to even increased demand of glycol ethers through various uses.
The North American market is significant, due to higher consumer awareness and stricter environmental regulations that promote environmentally friendly, safer products. Advances in chemical manufacturing technologies have made development easier; the United States and Canada remain important players in the region. Increasing their use in pharmaceuticals, personal care products, and industrial applications further strengthens the demand for this market. There will be high-performing solvents in the region due to its strong regulatory setup, which guarantees the adoption of various applications that promote market growth while preserving the environment's sustainability. Thus, North America is expected to be the leading region during the projection period.
The demand for glycol ethers is generally driven by automobile and construction markets in Europe. Tight standards for VOCs and a movement towards environment-friendly formulations are reasons that contribute towards the growth in major countries in Europe, especially Germany, UK, and France. The increasing trend of finding new, 'green' chemical alternatives is promoting industrial solvents and cleaning products demand in Europe. All this together contributes towards the continuous rise in the region's market.
The main contributors to the steady growth of the Latin American market are Brazil and Mexico. The growth of the automotive and building industries, which need highly graded solvents and chemicals, is considered to be the leading factor. Further industrial activities in the region indicate an increasing demand for glycol ethers in coatings, adhesives, and cleaning products. This market will further increase the glycol ethers in the next coming years. This is owing to constant development in the economic sector along with growing infrastructure investment.
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Glycol Ethers Market Drivers
Increasing Demand for Industrial Applications
Increasing Environmental Regulations and Sustainability Initiatives
Glycol Ethers Market Restraints
Environmental and Health Concerns
Volatile Raw Material Prices
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The main players of the global glycol ethers market include BASF SE, Dow Chemical Company, Shell Chemicals, Eastman Chemical Company, and Huntsman Corporation. These companies primarily focus on expansion of product portfolio, development of eco-friendly and bio-based products, and enhancement of production capacities to cater to the rising demand in different sectors. Maintaining market leadership requires strategic initiatives, such as partnerships, mergers, acquisitions, and innovations in sustainable products.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global glycol ethers market outlook is about to undergo significant change, mainly since it is fueled by increasing demand in various sectors such as pharmaceuticals, automotive, paints and coatings, and cleaning products. Markets are especially strengthened by the upsurge in demand for high-performance solvents, the expansion of industrial activities, and the emergence of sustainability trends. With growing environmental pressures over eco-friendly alternatives, regulations towards compliance are continuing to push for the adoption of bio-based glycol ethers and low-VOC alternatives. Even with the leading environmental concerns and fluctuating prices of raw materials due to further investments in green solutions and innovation, the prospects for the future of the market seem optimistic. The only way the glycol ethers market can sustain itself and remain competitive for the long haul is if key participants are focusing on strategic partnerships as well as enhancing production capacities.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 9.2 Billion |
| Market size value in 2033 | USD 14.39 Billion |
| Growth Rate | 5.1% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Glycol Ethers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glycol Ethers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glycol Ethers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Glycol Ethers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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