GLYCOL ETHERS MARKET ANALYSIS
Market Dynamics
Increasing demand for glycol ethers in personal care, cleaners, paints & coatings, pharmaceutical, and printing industries is expected to drive growth of the global glycol ethers market over the forecast period. It is largely used in personal care products and cosmetics in the formulation of skin & hair products, shampoos, personal cleanliness products, and bath products. According to Coherent Market Insights’ analysis, the global cosmetics market size is expected to reach US$ 450 million by 2025, exhibiting a CAGR of 4.5%. The demand for glycol ethers is expected to increase over the forecast period, owing to rising demand for skin care products due to varying climatic conditions.
Moreover, increasing demand for printing inks due to rise in economic growth is expected to drive growth of the glycol ethers market, as these are used in manufacturing of printing inks due to its quick drying nature and compatibility with high speed roll to roll yardage printing. Printing inks are used in various fields such as in publishing print products such as books, newspapers, journals, technical printed materials, and magazines. According to Coherent Market Insights’ analysis, the global printing inks market is expected to be valued at US$ 25 billion by 2025 due to rising demand from corrugated cardboards and flexible packaging applications.
Market Outlook
The global glycol ethers market size was valued at US$ 4.87 billion in 2017 and is projected to witness a CAGR of 5.4% over the forecast period.
On the basis of region, the global glycol ethers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America holds dominant position in the global glycol ethers market, owing to increasing consciousness of consumers towards high quality, nontoxic, and biodegradable cosmetics. Europe glycol ethers market growth is driven by increasing use of glycol ether coatings in automotive industry for protection and decorative applications.
Glycol Ethers Market Report Snapshots
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