Global E-Series Glycol Ether Market, By Type (Ethylene Glycol Propyl Ether (EGPE), Ethylene Glycol Butyl Ether (EGBE), Ethylene Glycol Butyl Ether Acetate (EGBEA), Others), Application (Paints and Coatings, Printing Ink, Cleaners, Cosmetics and Personal Care, Pharmaceuticals, Automotive, Chemical Intermediates, Others), Molecular Weight (Low Molecular Weight E-Series Glycol Ether, High Molecular Weight E-Series Glycol Ether) – Industry Trends and Forecast to 2029
Market Analysis and Size
The global growth of the cosmetics industry increased by 8.2 percent in 2021 after displaying a loss of 8.1 percent in 2020, according to the L'OREAL annual report for 2021. The demand for e-series glycol ether is increasing as a result of the growth of the cosmetics and personal care sector, which is driving the market for this substance and creating significant potential opportunities for the market over the forecast period.
Global e-series glycol ether market was valued at USD 2.13 billion in 2021 and is expected to reach USD 3.10 billion by 2029, registering a CAGR of 4.8% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Ethylene Glycol Propyl Ether (EGPE), Ethylene Glycol Butyl Ether (EGBE), Ethylene Glycol Butyl Ether Acetate (EGBEA), Others), Application (Paints and Coatings, Printing Ink, Cleaners, Cosmetics and Personal Care, Pharmaceuticals, Automotive, Chemical Intermediates, Others), Molecular Weight (Low Molecular Weight E-Series Glycol Ether, High Molecular Weight E-Series Glycol Ether)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Dow (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), A.D.M. (U.S.), Global Bio-chem Technology Group Company Limited. (China), DuPont (U.S.), S.K.C. (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland), Huntsman International L.l..C (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc, (U.S.), Repsol (Spain), Midland Company (U.S.), Helm AG (Germany), Shell Plc (U.K.)
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Market Opportunities
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Rising awareness about the benefits of e-series glycol ether
Significant investments in research and development activities
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Market Definition
Alkyl ethers of propylene or ethylene glycol serve as the foundation for the family of solvents known as glycol ethers. Ethylene oxide is the raw material for e-series glycol ether, therefore the name. Mono, di, and tri-ethylene glycol ethers are possible upon attachment of repeating units of the ethylene oxide group's e-series.
E-Series Glycol Ether Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage across Cosmetic and Personal Care Industry
The demand for the e-series glycol ether is booming in the cosmetic and personal care business for various uses in skin care, hair care, body care, and other areas. The global need for colour cosmetics, rising hygiene and beauty trends, and changing lifestyles are all contributing to the success of the cosmetic and personal care industry. For instance, the International Trade Administration estimates that Thailand's beauty and personal care industry will generate US$4.2 billion in revenues in 2021 and will expand at a rate of 5.5 percent through 2025. The largest share of this industry is made up of 42 percent of skincare, 12 percent of dental care, 14 percent of soaps and hygiene products, and 15 percent of hair care. The demand for e-series glycol ether is increasing as a result of the growth of the cosmetics and personal care industry, which is driving the market for this substance and creating significant growth opportunities.
- Increased Applications across Pharmaceutical Sector
In the pharmaceutical business, the e-series glycol ethers, such as ethylene glycol propyl ether (EGPE), ethylene glycol butyl ether (EGBE), and others, are in high demand for use in medications, laxatives, ointments, eye drops, and other products. Due to new medical diseases, the creation of new medications, and improvements in the infrastructure of the medical system, the pharmaceutical sector is expanding quickly. For instance, the pharmaceuticals industry in India was valued at US$42 billion in 2021 and is expected to reach US$120-US130 billion by 2030, according to the India Brand Equity Federation (IBEF). Applications of e-series glycol ether in creams, medicines, and other treatments are expanding as pharmaceutical output and expansion increase. Therefore, the industry for e-series glycol ether is being driven by and promising significant growth due to the flourishing demand from medicines.
Furthermore, growing ether usage in various industries, adoption of ether for the production of medicine extraction in the pharma industry, and increasing product demand due to their solvent strength, low volatility, and other properties are some of the factors that will likely to boost the growth of the e-series glycol ether market in the forecast period.
Opportunities
- Advancements , Research and Development and Awareness
Furthermore, the advances by the manufacturers and significant investments in research and development activities which further enhance product applications, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness about the benefits of e-series glycol ether will further expand the future growth of the e-series glycol ether market.
Restraints/Challenges
- Lesser Adoption due to Toxic Effects
The ethylene glycol e-series ethers are poisonous and negatively affect human health and the environment. Toxic gases are released into the atmosphere by low molecular weight ethylene glycol ethers such ethylene glycol ethyl ether (EGEE) or ethyl cellosolve and ethylene glycol methyl ether (EGME). This will further create lesser adoption for the growth of the e-series glycol ether market.
- Stringent Regulations
There are various organizations that have enacted a number of limitations and laws to limit the use of such dangerous glycol ethers. In addition, the European Union and Canada have implemented laws prohibiting the use of e-series glycol ethers in consumer goods. For instance, REACH's Annex XVII places restrictions on the harmful materials that can be found in consumer goods, such as different glycol ethers. As a result of these limitations, the market is faced with a dilemma as the demand for and applications of e-series glycol ethers are significantly impacted and slowed down. Therefore, these restrictions pose a challenge for the e-series glycol ether market growth rate.
This e-series glycol ether 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 e-series glycol ether market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on E- Series Glycol Ether Market
The recent outbreak of coronavirus had a negative impact on the e-series glycol ether market. The negative impact can be attributed to the number of companies and private sector businesses have been functioning at reduced capacity or have entirely stopped operations. Due to a lack of raw materials, a manpower scarcity, and a disturbance in the supply chain, many manufacturing processes for various materials and goods came to an end all over the world. The market for glycol ether has been affected as a result.
Recent Development
- In July 2021, India Glycols and Clariant established a new joint venture, with I.G.L. owning a 49 percent ownership and Clariant holding a 51 percent stake. The project aimed to increase production of green and other ethylene oxide derivatives, opening up new market opportunities.
- In November 2021, The Jubail United Petrochemical Company's ethylene glycol plant-3 has begun production, according to a SABIC announcement. The new facility employs cutting-edge technology, lowers emissions, and provides market sustainability.
Global E- Series Glycol Ether Market Scope
The e-series glycol ether market is segmented on the basis of type, application and molecular weight. 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
- Ethylene Glycol Propyl Ether (EGPE)
- Ethylene Glycol Butyl Ether (EGBE)
- Ethylene Glycol Butyl Ether Acetate (EGBEA)
- Others
Application
- Paints and Coatings
- Printing Ink
- Cleaners
- Cosmetics and Personal Care
- Pharmaceuticals
- Automotive
- Chemical Intermediates
- Others
Molecular Weight
- Low Molecular Weight E-Series Glycol Ether
- High Molecular Weight E-Series Glycol Ether
E- Series Glycol Ether Market Regional Analysis/Insights
The e-series glycol ether market is analyzed and market size insights and trends are provided by country, type, application and molecular weight as referenced above.
The countries covered in the e-series glycol ether 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, Israel, Egypt, South Africa, 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 market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising investment from various companies for the development of product within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing applications of cleaners, paints and coatings and the pharmaceuticals in the 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 E- Series Glycol Ether Market Share Analysis
The e-series glycol ether 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 e-series glycol ether market.
Some of the major players operating in the e-series glycol ether market are
- Dow (U.S.)
- LyondellBasell Industries N.V. (Netherlands)
- BASF SE (Germany)
- A.D.M. (U.S.)
- Global Bio-chem Technology Group Company Limited. (China)
- DuPont (U.S.)
- S.K.C. (South Korea)
- Temix Oleo (Italy)
- INEOS Oxide (Switzerland)
- Huntsman International L.L.C (U.S.)
- ADEKA CORPORATION (Japan)
- Chaoyang Chemicals, Inc. (U.S.)
- Manali Petrochemicals Limited (India)
- Haike Chemical Group Co., Ltd. (China)
- Arch Chemicals Inc, (U.S.)
- Repsol (Spain)
- Helm AG (Germany)
- Shell Plc (U.K.)
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