Global Glycol Ethers Market Demonstrates Robust Growth, Projected to Reach $9.72 Billion by 2027

The Business Research Company’s Glycol Ethers Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 22, 2023 /EINPresswire.com/ — The global glycol ethers market, segmented by type, application, and end-user, has experienced significant growth, increasing from $6.74 billion in 2022 to $7.36 billion in 2023 at a notable compound annual growth rate (CAGR) of 9.1%. Despite the challenges posed by the Russia-Ukraine war, disrupting global economic recovery from the COVID-19 pandemic, the market is anticipated to reach $9.72 billion by 2027, with a projected CAGR of 7.2%.

Segments
•By Type: E-Series, P-Series
•By Application: Solvent, Anti-icing, Hydraulic and Brake Fluid, Chemical Intermediates
•By End User: Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives, Other End-Users
•Regional Insights: North America Leads, Asia-Pacific to Witness Fastest Growth

Explore comprehensive insights into the global glycol ethers market with a detailed sample report:
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Rapid Growth in Personal Care and Cosmetic Industry Fuels Market Expansion
The glycol ether market is witnessing substantial growth, primarily driven by the rapid expansion of the personal care and cosmetic industry. This industry encompasses the production of various beauty and cosmetic products, including hair care items, cleanliness products, skincare solutions, bath products, and more. Glycol ethers play a crucial role in these personal and cosmetic products. The beauty industry’s revenue is forecasted to surpass $120 billion by 2025, indicating a significant rise in the demand for glycol ethers.

Major Players and Market Dynamics
Key players in the glycol ether market include The Dow Chemical Company, HanNong Chemicals Inc., BASF SE, INEOS Group Ltd., India Glycols Limited, Solvay SA, Shell PLC., Jiangsu Yida Chemical Co. Ltd., China Petroleum & Chemical Corporation, Huntsman International LLC, Nippon Nyukazai Co. Ltd., Oxiteno, KH Neochem Co. Ltd., and Sasol Limited. These major players significantly contribute to market growth through their innovations, strategic partnerships, and initiatives.

Trends: Strategic Partnerships in the Glycol Ether Market
A notable trend in the glycol ether market is the growing popularity of strategic partnerships among major companies. Strategic alliances are instrumental in strengthening market positions and fostering collaborations. For instance, in March 2022, Saudi Arabian Oil Company (Aramco) collaborated with China Petroleum and Chemical Corporation through its subsidiary Saudi Aramco Asia Company Limited (SAAC). This strategic alliance aims to enhance Aramco’s presence in Asia and reinforces its longstanding relationship with Sinopec.

North America emerged as the largest region in the glycol ether market in 2022, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The glycol ether market analysis report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, providing comprehensive insights into regional dynamics, market trends, and growth opportunities.

Access the complete report for an in-depth analysis of the global glycol ethers market: https://www.thebusinessresearchcompany.com/report/glycol-ethers-global-market-report

Glycol Ethers Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Glycol Ethers Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on glycol ethers market size, glycol ethers market drivers and glycol ethers market trends, glycol ethers market major players, competitors’ revenues, glycol ethers market positioning, and glycol ethers market growth across geographies. The glycol ethers market report helps you gain in-depth insights on glycol ethers market opportunities and glycol ethers market strategies. Companies can leverage the data in the glycol ether market report and tap into segments with the highest growth potential.

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