Published by Persistence MarketResearch
Posted on October 5, 2021
4 min readLast updated: January 31, 2026
The glycol ether market is forecasted to reach $10.09 Bn by 2024, with P-series ethers gaining traction. APAC leads growth due to high demand in paints and coatings.
In a recently published market research report titled “Glycol Ether Market: Global Industry Analysis and Forecast, 2016–2024,” a Persistence Market Research analyst concludes, “The US$ 6 Bn glycol ether market is slated to exceed a value of US$ 10 Bn by the end of 2024, expanding at a CAGR of over 6%. Volume-wise, the market will witness a moderate CAGR of 5.4% over the eight-year period. Asia Pacific and Europe will remain the key markets.”
By the end of 2024, the global market for glycol ether is expected to reach US$ 10.09 Bn. Overall growth outlook remains positive; the report elaborates on various influential factors associated with historic, current, and futuristic market status.
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Key Driver Insights
Growing consumption by various end-use industries will remain the primary factors driving the sales of glycol ether. Rising introduction of new variant products with the help of a wide variety of eco-friendly and renewable technologies will be another key driver to market growth. Development of innovative, cost-effective products is anticipated to further boost the market for glycol ether.
PCE is widely used in degreasing and dry cleaning but is not eco-friendly and is hazardous to human health. Some forms of glycol ether on the market are identified to be the relatively decent alternatives to PCE, eventually fueling their demand in the market over the next few years.
Key Trend & Opportunity Insights
Several governments are increasingly promoting the use of P-series glycol ethers over the use of E-series glycol ethers. This trend is likely to present new opportunities for leading players. In addition to paints, coatings & adhesives, cleaners, printing inks, and cosmetic sectors are also registering significant consumption of glycol ethers.
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Flourishing cleaners, printing inks and electronics & semiconductor sectors will also continue to bring in new growth opportunities. Moreover, as manufacturing and healthcare industries continue to thrive at pace, the demand for cleaning chemicals will also remain on the rise through 2024. Manufacturers are likely to capitalize over such end-use opportunities in near future.
Key Segment Insights
By product type, E-series glycol ether segment will witness a decline by 470 BPS over 2016-2024. P-series glycol ether segment will however exhibit significant growth, accounting for a whopping 71.6% revenue share in 2024.
Based on application, paints, coatings & adhesives segment will remain dominant throughout the forecast period, capturing a value share of over 53% by 2024 end. With a gain of over 100 BPS, cleaners will represent the second largest segment, reaching beyond US$ 1.8 Bn in 2024. Other application segments are likely to witness a drop in terms of BPS.
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Regional Insights
By region, APAC will retain the leading regional market position and expand at the fastest CAGR of 9.9% over the forecast period. Accounting for over 40% share of the market value in 2024, this segment will experience a massive boost in BPS. This growth is attributed to substantial consumption by paints and printing ink sectors within this region, especially by water-based flexo inks manufacturing companies. Europe, despite a slight decline over the assessment period, will remain the second largest market for glycol ether.
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Key Vendor Insights
The Persistence Market Research report profiles some of the top companies competing in the global glycol ether marketplace. A few of the key players are The Dow Chemical Company, BASF SE, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc., Eastman Chemical Company, Sasol Limited, HANNONG CHEMICALS INC., Dynamic International Enterprises Limited, and Jiangsu Ruijia Chemistry Co., Ltd.
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The post Glycol Ether Revenue Sales to Reach US$ 10.09 Bn by 2024 End, P-series Ethers Will Gain Significant Traction in Glycol Ether Market appeared first on Lake Shore Gazette.
The article discusses the growth and forecast of the glycol ether market, expected to reach $10.09 Bn by 2024.
P-series ethers are a type of glycol ether gaining popularity due to their eco-friendly properties and applications.
Asia Pacific and Europe are the key regions for glycol ether consumption, with APAC experiencing the fastest growth.
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