PUNE, India, November 2, 2016 /PRNewswire/ --
The report "E-series Glycol Ether Market by Type (EGPE, EGBE, EGBEA), Application (Paints & Coatings, Printing Ink, Cleaners, Cosmetics & Personal Care, Pharmaceuticals, Automotive, Chemical Intermediates), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is forecast to reach USD 2.13 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021.
Browse 91 market data Tables and 55 Figures spread through 154 Pages and in-depth TOC on "E-series Glycol Ether Market"
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The market is driven by exceptional properties of e-series glycol ethers such as solubility and low volatility, and high demand for E-series glycol ethers in diverse applications areas.
Paints & coatings segment to dominate the E-series glycol ether market
Paints & coatings is a highly critical segment which demands for various different product properties along with their compositions. Different types of coatings are used for different purposes such as oil coating, marine coating, wood coating and others, which require precise properties in manufacturing. Increasing use of E-series glycol ethers in paints & coatings applications for increased solubility in water with low volatility is the major driving factor for paints & coatings segment.
EGBE and EGPE have a major market share in comparison to EGBEA and other peers
The E-series Glycol Ether Market, by type can be broadly categorized into EGPE (ethylene glycol propyl ether), EGBE (ethylene glycol butyl ether), EGBEA (ethylene glycol butyl ether acetate), and others. Major benefits of EGBE and EGPE glycols include exceptional water solubility, high strength, and low volatility, which drive their demand in application areas.
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Asia-Pacific market is expected to witness high growth with increasing demand from application areas in the region
The market for E-series glycol ether, glycols, and solvents in Asia-Pacific is expected to register high growth due to the increased rate of adoption in application areas such as paints & coatings. Asia-Pacific is the largest market for E-series glycol ethers with South Korea an emerging market in the region, followed by North America. North America has large number of suppliers of E-series glycol ether with major focus on countries such as the U.S., Mexico, and Canada.
The key players operational in the market include BASF SE (Germany), The Dow Chemical Company (U.S.), Eastman Chemicals (U.S), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Huntsman Corporation (U.S) Shell Chemicals (Netherlands), Exxon Mobil Corporation (U.S.), Sasol Ltd (South Africa), LyondellBasell Chemical Company (U.S.), among others.
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