Glycol Ether Market 2016 - 2024
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Global <strong>Market</strong> Study on <strong>Glycol</strong> <strong>Ether</strong>: MEA Region<br />
Projected to Grow at a Moderate CAGR over the<br />
Forecast Period
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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<strong>Glycol</strong> <strong>Ether</strong> <strong>Market</strong> <strong>2016</strong> - <strong>2024</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
<strong>Glycol</strong> <strong>Ether</strong> Revenue Sales to Reach US$ 10.09 Bn by<br />
<strong>2024</strong> End, P-series <strong>Ether</strong>s Will Gain Significant Traction in<br />
<strong>Glycol</strong> <strong>Ether</strong> Msarket<br />
In a recently published market research report titled “<strong>Glycol</strong> <strong>Ether</strong> <strong>Market</strong>: Global Industry<br />
Analysis and Forecast, <strong>2016</strong>–<strong>2024</strong>,” a Persistence <strong>Market</strong> Research analyst concludes, “The<br />
US$ 6 Bn glycol ether market is slated to exceed a value of US$ 10 Bn by the end of <strong>2024</strong>,<br />
expanding at a CAGR of over 6%. Volume-wise, the market will witness a moderate CAGR of<br />
5.4% over the eight-year period. Asia Pacific and Europe will remain the key markets.”<br />
By the end of <strong>2024</strong>, the global market for glycol ether is expected to reach US$ 10.09 Bn.<br />
Overall growth outlook remains positive; the report elaborates on various influential factors<br />
associated with historic, current, and futuristic market status.<br />
A sample of this report is available upon request<br />
@ http://www.persistencemarketresearch.com/samples/4429<br />
Key Driver Insights<br />
Growing consumption by various end-use industries will remain the primary factors driving<br />
the sales of glycol ether. Rising introduction of new variant products with the help of a wide<br />
variety of eco-friendly and renewable technologies will be another key driver to market<br />
growth. Development of innovative, cost-effective products is anticipated to further boost<br />
the market for glycol ether.<br />
PCE is widely used in degreasing and dry cleaning but is not eco-friendly and is hazardous to<br />
human health. Some forms of glycol ether on the market are identified to be the relatively<br />
decent alternatives to PCE, eventually fueling their demand in the market over the next few<br />
years.<br />
Key Trend & Opportunity Insights<br />
Several governments are increasingly promoting the use of P-series glycol ethers over the use<br />
of E-series glycol ethers. This trend is likely to present new opportunities for leading players.<br />
In addition to paints, coatings & adhesives, cleaners, printing inks, and cosmetic sectors are<br />
also registering significant consumption of glycol ethers.<br />
Flourishing cleaners, printing inks and electronics & semiconductor sectors will also continue<br />
to bring in new growth opportunities. Moreover, as manufacturing and healthcare industries<br />
continue to thrive at pace, the demand for cleaning chemicals will also remain on the rise<br />
<strong>Glycol</strong> <strong>Ether</strong> <strong>Market</strong> <strong>2016</strong> - <strong>2024</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
through <strong>2024</strong>. Manufacturers are likely to capitalize over such end-use opportunities in near<br />
future.<br />
Key Segment Insights<br />
By product type, E-series glycol ether segment will witness a decline by 470 BPS over <strong>2016</strong>-<br />
<strong>2024</strong>. P-series glycol ether segment will however exhibit significant growth, accounting for a<br />
whopping 71.6% revenue share in <strong>2024</strong>.<br />
Based on application, paints, coatings & adhesives segment will remain dominant throughout<br />
the forecast period, capturing a value share of over 53% by <strong>2024</strong> end. With a gain of over 100<br />
BPS, cleaners will represent the second largest segment, reaching beyond US$ 1.8 Bn in <strong>2024</strong>.<br />
Other application segments are likely to witness a drop in terms of BPS.<br />
Regional Insights<br />
By region, APAC will retain the leading regional market position and expand at the fastest<br />
CAGR of 9.9% over the forecast period. Accounting for over 40% share of the market value in<br />
<strong>2024</strong>, this segment will experience a massive boost in BPS. This growth is attributed to<br />
substantial consumption by paints and printing ink sectors within this region, especially by<br />
water-based flexo inks manufacturing companies. Europe, despite a slight decline over the<br />
assessment period, will remain the second largest market for glycol ether.<br />
Request to view Table of content @ http://www.persistencemarketresearch.com/marketresearch/glycol-ethers-market/toc<br />
Key Vendor Insights<br />
The Persistence <strong>Market</strong> Research report profiles some of the top companies competing in the<br />
global glycol ether marketplace. A few of the key players are The Dow Chemical Company,<br />
BASF SE, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc., Eastman Chemical<br />
Company, Sasol Limited, HANNONG CHEMICALS INC., Dynamic International Enterprises<br />
Limited, and Jiangsu Ruijia Chemistry Co., Ltd.<br />
A few prominent trends among leading manufacturers include increased focus on P-series<br />
glycol ethers production. Companies are also seeking inorganic expansion. Through vertical<br />
or horizontal expansions and acquisitions, a majority manufacturers are aspiring strong<br />
partnerships and long-term contracts with raw material distributors.<br />
To Buy Full Report for a Single User<br />
@ http://www.persistencemarketresearch.com/checkout/4429<br />
<strong>Glycol</strong> <strong>Ether</strong> <strong>Market</strong> <strong>2016</strong> - <strong>2024</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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<strong>Glycol</strong> <strong>Ether</strong> <strong>Market</strong> <strong>2016</strong> - <strong>2024</strong>
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