E-series glycol ethers market is projected to reach USD 2.13 billion by 2021
The E-series glycol ethers market is projected to reach USD 2.13 billion by 2021, at a CAGR of 4.3% from 2016 to 2021. Increasing consumption of E-series glycol ether, glycols, and solvents in diverse application areas is one of the most significant factors driving the growth of the E-series glycol ethers market. Environmental and safety rules and regulations and replacement of E-series glycol ethers by P-series glycol ether are the major restraints for the E-series glycol ether market.
Pharmaceutical segment to register high growth in the E-series glycol ether market
Pharmaceuticals is the fastest-growing segment of the E-series glycol ethers market owing to the increasing use of these ethers in laxatives and eye drops. Glycols and solvents are also consumed in medicines such as ointments.
The E-series glycol ether market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period
The Asia-Pacific E-series glycol ethers market is anticipated to grow at the highest CAGR between 2016 and 2021. Growth in this market is driven by the increasing demand for solvents from China, Japan, and South Korea. China is the major consumer of solvents and E-series glycol ethers in the Asia-Pacific region, with increase in demand for E-series glycol ethers from the paints & coatings and automotive industries. Among all countries in this region, the E-series glycol ethers market in China is expected to grow at the highest CAGR during the forecast period.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
- By Company Type: Tier 1 – 37 %, Tier 2 – 50%, and Tier 3 - 13%
- By Designation: C Level - 50%, Director Level – 31%, and Others – 19%
- By Region: North America - 35%, Europe – 23%, Asia-Pacific – 29%, South America – 7%, and Middle East & Africa – 6%
Major companies profiled in this report are BASF SE (Germany), The Dow Chemical Company (U.S.), Eastman Chemicals (U.S), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Huntsman Corporation (U.S.), Shell Chemicals (Netherlands), Exxon Mobil Corporation (U.S.), Sasol Ltd (South Africa), and LyondellBasell Chemical Company (U.S.), among others
The report aims at estimating the market size and future growth potential of E-series glycol ether market across different segments such as application, type, and region. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall E-series glycol ether market. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.