France EGBEA glycol ether market will expect consumption at over 4.5 kilo tons by 2025. Strict regulatory framework by European Union regarding automobile emissions & environmental regulations, rising population and automobile production will boost the market for hybrid & electric vehicles. Glycol based automotive coatings enhances appearance, durability and protects from harsh environmental conditions such as extreme temperatures and acid rain.
China PM glycol ether market is set to register over 5% CAGR from 2019 to 2025. Rapid increase in urbanization & manufacturing sector will boost the glycol ether market-based disinfectants and cleaners. Increasing geriatric working population due to longer life spans and change in consumer perceptions towards cleanliness will stimulate market demand owing to its nontoxic nature, compatibility with aromatic compounds, and biodegradable nature.
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Extensive use as an organic solvent in commercial as well as industrial applications will drive the global glycol ether market alongside a lucrative path over the ensuing years. Depending on the raw material used for production, the material is categorized into E series and P series glycol ether. Speaking of the wide range of applications of glycol ether, E-series glycols are extensively used in pharmaceuticals, inks, water-based paints, and personal care products, while P-series glycol ether are a common ingredient in cleaners, aerosol paints, coatings, and adhesives.
Glycol ether are widely deployed in automotive coating applications to protect vehicles from extreme weather conditions and UV radiations. Considering the current market scenario, the material is set to witness substantial demand owing to the increasing production of electric and hybrid vehicles. Increasing disposable income paired with rising concerns pertaining to climate change is attributed to the rise in demand for green vehicles. A recent example involves Volkswagen’s new ID.3, an all-electric model from the company’s ID brand, which was flooded with more than 10,000 pre-orders at a launch event in Europe. Such incidences suggest a growing demand for electric vehicles, which will eventually drive glycol ether market demand over the coming years.
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Increasing demand from paint manufacturers on account of its ability to improve product’s flow characteristics and smoothen lapping would contribute to expanding the global glycol ether market. This trend is further supported by the increasing spending on construction and infrastructural activities, which serve as the primary consumers for paints and adhesives. For instance, Sharjah, UAE is anticipating completion of major infrastructure projects including the construction of the General Naturalisation and Residency building, private security infrastructure, and a deportation prison worth Dh98 million, by the end of 2019. Development of major projects like these will produce a huge demand for paints, further augmenting glycol ether market over the coming years.
All in all, glycol ether are anticipated to entice high demand from applications in the construction and automotive industries. Moreover, the present regulatory outlook and the rising need to preserve environment will further support the adoption of glycol-based paints and coatings. Powered by the burgeoning demand from assorted segments, the global glycol ether market is anticipated to surpass $8.5 billion by 2025.
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