11 September 2019
Visiongain’s new report the Glycol Ethers Market Report: Forecasts by Product (Methyl Glycol Ether, Ethyl Glycol Ether, Butyl Glycol Ether, Propylene Glycol Monomethyl Ether (PM), Dipropylene Glycol Monomethyl Ether (DPM), Tripropylene Glycol Monomethyl Ether (TPM), Other Propylene Glycol Ethers), by Application (Paints & Coatings, Printing, Pharmaceuticals, Cosmetics & Personal Care, Electronics, Others), by Region and Analysis of Leading Companies Operating in This Industry.
Glycol ether is widely used in cosmetics and personal care products in the formulation of skin & hair products, shampoos, personal cleanliness products, and bath products. Global cosmetics market size is expected to cross USD 500 billion by 2029, with gains at over 5.0%. Rise in per-capita disposable income along with change in lifestyle with increasing demand for skin care products owing to varying climatic conditions should boost industry growth. Rapid rise in personal care sector due to increasing consumer consciousness regarding health hygiene may accelerate glycol ether market size.
Because of its widespread use in publication print products such as books, newspapers, newspapers, technical printed materials and magazines, economic growth will increase the demand for printing inks. Global market demand for printing inks is expected to cross more than USD 30 billion by 2029 due to increasing demand from corrugated cardboards and versatile apps for packaging. Due to its rapid drying nature and compatibility with high velocity roll to roll yard printing, Glycol ether is commonly used in printing inks production.
Rising customer awareness and altering sociological attitudes towards sustainability in the setting will increase market demand for glycol ether in the automotive industry. China accounted for approximately 30% of global vehicle sales in 2019. Rising demand for nontoxic coatings & shifting consumer perceptions towards improved technological changes, vehicle color coupled with growing automobile business will stimulate paints and coating market demand. They are widely used in protection against external environmental factors such as UV radiation and acid rain which will further stimulate market growth.
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