Glycol Ethers Industry Size, Share, Demand & Growth by 2033

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 The automotive industry is a significant consumer of glycol ethers, using them in paints, coatings, and cleaning agents. As the automotive industry expands, especially in emerging economies, there is an increased demand for glycol ethers to support the production of automotive paints, coatings, and cleaning solutions.

Future Market Insight predicts that the global glycol ethers industry is expected to grow significantly, reaching US$ 13.34 billion by 2033. This projection indicates a CAGR of 5.7%. Notably, this estimated value represents a substantial rise from the projected worth of US$ 7.66 billion in 2023.

The electronics industry relies on glycol ethers for various applications, such as cleaning agents, soldering fluxes, and solvents for printed circuit boards. With the rapid expansion of the electronics industry, including the production of consumer electronics and telecommunication equipment, there is a higher demand for glycol ethers to meet the manufacturing needs of these electronic products.

Glycol ethers find applications in personal care products like lotions, creams, and hair care products as solvents and fragrance stabilizers. As the focus on personal grooming and hygiene increases, the demand for personal care products rises. Consequently, the demand for glycol ethers, which are integral to the formulation of these products, also grows.

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Key Takeaways from the Glycol Ethers Market

  • The glycol ethers industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 3.8% through 2033, primarily driven by the country’s increasing demand for eco-friendly and sustainable solvents in various industries such as paints, coatings, and cleaning products.
  • In 2022, the United States held a significant 29% share of the global glycol ethers industry, driven by the country’s robust manufacturing sector and high demand for glycol ethers in applications such as paints, adhesives, and personal care products.
  • India’s glycol ethers industry is projected to grow rapidly with a CAGR of 5.1% over the forecast period, driven by expanding manufacturing, industrial activities, and demand from sectors like automotive, construction, and pharmaceuticals.
  • In 2022, Japan accounted for an 8.7% share of the global glycol ethers industry, driven by the country’s advanced manufacturing capabilities, strong chemical industry infrastructure, and high demand for glycol ethers in sectors such as electronics, automotive, and cosmetics.
  • China’s glycol ethers industry is poised for rapid growth, driven by a strong manufacturing sector, increasing industrial activities, and growing demand for applications like paints, coatings, and textiles. It is projected to achieve a 4.5% CAGR over the forecast period.
  • In 2022, Germany held a 9.9% share of the global glycol ethers industry, driven by a strong chemical manufacturing sector and high demand in the automotive, pharmaceutical, and electronics industries.

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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