Glycol Ether Market Analysis, Segmentation and Future ForecastsA Chapter by Markets InsightsThe global glycol ethers market size was estimated at USD 4.66 billion in 2017. It is projected to expand at a CAGR of 5.4% over the forecast period.The global Glycol Ether Market size is projected to reach USD 7.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.4% during the forecast period. Steady rise in demand for paints and coatings across developing countries is expected to drive the market. Glycol ethers are unique products that combine the attributes of both alcohols and non-bases. The rise in demand for specialty chemicals has led manufacturers to engage in product innovation to develop offerings that perform the role of solvent along with being miscible in water. Although glycol ethers are obtained from crude oil derivatives, their lower carbon footprint has boosted popularity among application segments. High foreign investment inflows into Asian markets have propelled the regional chemicals industry, providing impetus for glycol ether manufacturers to improve their capabilities. Asia Pacific is the largest consumer - accounting for nearly 50% of the global demand in 2017-and the fastest growing market, with majority of the demand trickling down to key end-uses, such as pharmaceuticals, personal care and cosmetics, and paints and coatings. Paints and coatings application led the global market, with nearly 800 kilo tons being consumed in the production of architectural and automotive coatings and allied paint categories. In the post-recession era, internal rate of returns in the paints and coatings sector increased from 15.4% in 2009 to 25.1% in 2016, showing signs of stable growth with the sector being valued at over USD 130 billion globally. Concurrent to this trend, glycol ethers are expected to gain tremendous traction over the forecast period. Browse Details of Report @ Further key findings from the report suggest:
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StatsAuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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