FORT WORTH, Texas, June 18, 2015 /PRNewswire/ --
The global E-series glycol ether market was valued at $24.58 billion in 2014 and is projected to reach $29.70 billion by 2019, at a CAGR of 3.9% during the period under consideration.
Browse through the TOC of global e-series glycol ether market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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E-series glycol ether is an excellent solvent and coalescent for solvent and water-based paints, coatings, inks, and adhesive formulations. It has excellent solvency for a variety of resins, including acrylic, alkyd, phenolic, epoxy, nitrocellulose, and urethane. E-series glycol ether is an important component in household and industrial cleaners, with enhanced wetting and cleaning abilities. They are also used in hydraulic fluids; in vinyl and acrylic paints and coatings; as solvents in varnishes, enamels, spray lacquers, and so on.
The Asia-Pacific region dominated the global E-series glycol ether market in 2014, with a share of 41.5%; its market size is projected to grow at a CAGR of 5.4% from 2014 to 2019. This growth can be attributed to the transformation of the Asian region into a manufacturing hub. Availability of cheap labor and abundance of raw material are among the key factors attracting the major market players to set manufacturing plants in the Asia-Pacific region. E-series glycol ethers have been mainly used in domestic and industrial households products as a solvent, due to their excellent solvency properties. This in turn is driving the E-series glycol ether market in the Asia-Pacific region.
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Acquisitions, agreements, and joint ventures are among the key development strategies of the players in this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of E-series glycol ether to match the new demands coming from the various end-user industries.
The Asia-Pacific is the largest region, both in terms of volume and value, followed by North America and then Europe. The key players in the global E-series glycol ether market are BASF SE (Germany), Huntsman Corporation (U.S.), Eastman Chemical Company (U.S.), SABIC (Saudi Arabia), LyondellBasell (Netherlands), Ineos Oxide (Switzerland), ExxonMobil (U.S.), Shell Chemical Company (Netherlands), Sasol Limited (South Africa), and The Dow Chemical Company (U.S.), among others.
The E-series glycol ether demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and joint ventures of the leading E-series glycol ether companies in the global scenario.
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