Global Diethylene Glycol Monobutyl Ether Acetate Market, By Type (≥99.0%, ≥98.0%, Others), End-Use (Paints and Coatings, Electric Industry, Medical and Pesticide, Chemical Industry, Others), Application (Detergents and Cleaners, Inks, Chemical Intermediate, Surface Coatings, Others) – Industry Trends and Forecast to 2029.
Diethylene Glycol Monobutyl Ether Acetate Market Analysis and Size
Diethylene glycol monobutyl ether acetate is widely used in high-bake enamels, printing inks and as a coalescing aid in low pH latex paints. Diethylene glycol monobutyl ether acetate is mainly helpful in screen inks and used as a retarder solvent in coil coatings. It is also used as a selective solvent in the separation of ketones and alcohols by distillation
Data Bridge Market Research analyses that the Diethylene glycol monobutyl ether acetate market was valued at USD in 126.95 million 2021 and is expected to reach USD 171.08 million by 2029, registering a CAGR of 3.80% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Diethylene Glycol Monobutyl Ether Acetate Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (≥99.0%, ≥98.0%, Others), End-Use (Paints and Coatings, Electric Industry, Medical and Pesticide, Chemical Industry, Others), Application (Detergents and Cleaners, Inks, Chemical Intermediate, Surface Coatings, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Eastman Chemical Company (U.S.), Dow (U.S.), Solventis (U.S.), Huntsman International LLC (U.S.), LyondellBasell Industries N.V. (Netherland), Jiangsu Dynamic Chemical Co., Ltd (China), Tedia (U.S.), SHINKO ORGANIC CHEMICAL INDUSTRY LTD (Japan)., Shell Chemicals (U.S.), BASF SE (Germany), SABIC (Saudi Arabia), SASOL (South Africa), KH Neochem Co., Ltd. (Japan), YIDA CHEMICAL (China), Parchem fine & specialty chemicals (U.S.), Merck KGaA (Germany), SANKYO CHEMICAL CO.,LTD. (Japan) |
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Market Opportunities |
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Market Definition
Diethylene glycol monoethyl ether acetate is also known as [2-(2-Ethoxyethoxy) ethyl acetate)) which is work as an absorbent and has high-boiling point. Diethylene glycol monobutyl ether acetate is a colorless liquid with mild smell. This mixes and floats slowly with water. It aids in improving the solubility of CO2 because it is rich in ether and carbonyl groups.
Diethylene Glycol Monobutyl Ether Acetate Market Dynamics
Drivers
- High usage of diethylene glycol monobutyl ether for formulation of paints
Diethylene glycol monobutyl ether acetate is widely used as an auxiliary coalescing agent in the emulsion paints. Also, diethylene glycol monobutyl ether acetate is used as latex coalescent in the manufacturing of low VOC paints. Besides, it finds application as a solvent in the silk screen printing ink due to its slow speed of volatilization and low solubility. Paints and coatings are progressively gaining traction in developed countries due to the high rate of renovation activities, which boost the demand of the diethylene glycol monobutyl ether and drive the market's growth rate.
- Rising demand of diethylene glycol monobutyl ether acetate in printing ink industry
Diethylene glycol monobutyl ether acetate is used as solvent in the specialty printing ink industry because of its excellent performance. It is also used for ink formulation to manufacture ball-point pens. Printing inks are highly used in consumer goods and packaging. The constant growing demand for printing on various packaging materials due to growing treand for e-commerce platforms is expected to positively impact the growth of the diethylene glycol monobutyl ether acetate dueing forecast period.
Opportunities
- Growing demand of diethylene glycol monobutyl ether acetate for cleaning fluids formulation
Diethylene glycol monobutyl ether acetate is widely used as an effective solvent in the formulation of cleaning fluids. This compound is mainly used in the manufacturing of household detergents. Diethylene glycol monobutyl ether acetate is used as cleaning agents across several industries, mainly in electronics. However, major companies such as Solventis and BASF have formulated high-performance cleaners using diethylene glycol monobutyl ether acetate, which are largely preferred for household and industrial cleaning applications. Thus, the growing demand for diethylene glycol monobutyl ether acetate for cleaning application is expeted to generate lucrative opportunities for market growth.
Restraints/ Challenges
- Issues associated with diethylene glycol monobutyl ether acetate
Fluctuation in the prices of raw material along with the less supply of the product are some major factors that others which will likely hamper the market growth during the forecast period. Moreover, availability of substitute product will become the major challenge for the growth of the diethylene glycol monobutyl ether acetate market.
This diethylene glycol monobutyl ether acetate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the diethylene glycol monobutyl ether acetate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Diethylene Glycol Monobutyl Ether acetate Market
The outbreak of covid-19 had an adverse impact on the diethylene glycol monobutyl ether acetate market. The severe disruptions in many manufacturing processes and supply-chain operations has majorly affected the market growth rate. Several precautionary lockdowns imposed by governments to curb the spread of disease lead to massive financial setbacks for the market. Moreover, people are now more focused on removing non-essential expenses from their budgets which has also decreased the demand for the diethylene glycol monobutyl ether acetate.
On the other side, the growing demand for cleaning products due to increasing awareness regarding cleanliness and hygiene.is expected to recover the growth rate of the diethylene glycol monobutyl ether acetate market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Diethylene Glycol Monobutyl Ether Acetate Market Scope
The diethylene glycol monobutyl ether acetate market is segmented on the basis of type, end-use and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- ≥99.0%
- ≥98.0%
- Others
End-Use
- Paints and Coatings
- Electric Industry
- Medical and Pesticide
- Chemical Industry
- Others
Application
- Detergents and Cleaners
- Inks
- Chemical Intermediate
- Surface Coatings
- Others
Diethylene Glycol Monobutyl Ether Acetate Market Regional Analysis/Insights
The diethylene glycol monobutyl ether acetate market is analysed and market size insights and trends are provided by country, type, end-use and application as referenced above.
The countries covered in the diethylene glycol monobutyl ether acetate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the diethylene glycol monobutyl ether acetate market in terms of revenue and market share. The U.S. dominates the North America diethylene glycol monobutyl ether acetate market due to the growing applications of the product in residential and commercial floor cleaning, paints and coatings industry and industrial machinery. The prevalence of several market players is likely to propel the growth of the market in this region.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2022-2029. China will anticipate to hold the maximum growth rate in Asia-Pacific diethylene glycol monobutyl ether acetate market due to the growing preferences towards high-performance printing inks. Also, the growth of the packaging sector is likely to boost the market growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Diethylene Glycol Monobutyl Ether Acetate Market Share Analysis
The diethylene glycol monobutyl ether acetate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diethylene glycol monobutyl ether acetate market.
Some of the major players operating in the diethylene glycol monobutyl ether acetate market are:
- Eastman Chemical Company (U.S.)
- Dow (U.S.)
- Solventis (U.S.)
- Huntsman International LLC (U.S.)
- LyondellBasell Industries N.V (Netherland)
- Jiangsu Dynamic Chemical Co., Ltd (China)
- Tedia (U.S.)
- SHINKO ORGANIC CHEMICAL INDUSTRY LTD (Japan)
- Shell Chemicals (U.S.)
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- SASOL (South Africa)
- KH Neochem Co., Ltd. (Japan)
- YIDA CHEMICAL (China)
- Parchem fine & specialty chemicals (U.S.)
- Merck KGaA (Germany)
- SANKYO CHEMICAL CO.,LTD. (Japan)
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