Global Diethylene Glycol Monomethyl Ether Market: Overview

Diethylene glycol monomethyl ether is a product derived from ethylene oxide and methanol. Chemically, it is also known as methyl diglycol or 2-hydroxy-2-methoxy-diethyl ether. Commercially, it is known as methyl carbitol. Diethylene glycol monomethyl ether is a solvent which is excellent for application in various resins and pastes. It is a non-volatile solvent and hence, it is used only in special lacquer formulations. It is employed principally in nitrocellulose lacquers so as to improve characteristics of lacquers. It can be easily stabilized with the use of small quantities of additives such as 2, 6-ditert-butyl-4-methylphenol (0.005%). Diethylene glycol monomethyl ether has excellent dilution capacity. It is utilized in the aviation industry as FSII (fuel system icing inhibitor), which is also called anti-icing or dicing agent. It is also employed in the printing ink industry and in the production of ballpoint pen ink.

In addition to uses listed above, diethylene glycol monomethyl ether is used for applications such as architectural coatings, brake fluids, graphic arts, institutional cleaners, process solvents, protective coatings, textile, and wood coatings.

Global Diethylene Glycol Monomethyl Ether Market: Drivers and Restraints

Rise in the demand for diethylene glycol monomethyl ether in the paints & coatings industry and its extensive use in the petrochemicals industry are factors augmenting the diethylene glycol monomethyl ether market. This is prompting companies to increase the production of diethylene glycol monomethyl ether. Additionally, easy availability of raw materials is anticipated to boost the demand for diethylene glycol monomethyl ether in the near future.

The global diethylene glycol monomethyl ether market is witnessing technological advancements. Companies are constantly striving to develop new and better methods to manufacture these chemicals. Development of new processes for the manufacture of diethylene glycol monomethyl ether and emergence of its applications are estimated to propel the market in the next few years. However, volatility in prices of raw materials is projected to hamper the market during the forecast period.

Based on application, the diethylene glycol monomethyl ether market can be segmented into de-icing additives, solvents, coupling agents, deactivators & stabilizers, and others. The solvents segment dominates the market, owing to extensive use of diethylene glycol monomethyl ether as a solvent in various applications in developing economies such as India and China.

Based on end-use industry, the diethylene glycol monomethyl ether market can be divided into paints & coatings, petrochemicals, textile, agriculture, and others. The paints & coatings segment dominates the market owing to excellent properties of diethylene glycol monomethyl ether as a solvent in paint and coatings.

Global Diethylene Glycol Monomethyl Ether Market: Regional Outlook

Based on geography, the global diethylene glycol monomethyl ether market can be classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the global market during the forecast period. The market in Asia Pacific is estimated to expand at a significant pace from 2018 to 2026, due to rise in the demand for diethylene glycol monomethyl ether in the textile industry in the region. Middle East & Africa is likely to be an attractive market for diethylene glycol monomethyl ether during the forecast period, due to increase in the demand for the chemical in the paints & coatings industry in the region.

Global Diethylene Glycol Monomethyl Ether Market: Key Players

Prominent players operating in the global diethylene glycol monomethyl ether market include The Dow Chemical Company, BASF SE, Solvay SA, Advance Petrochemicals Ltd., and FBC Chemical Corp. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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