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Rise in Demand for Solvents with Low VOC Content to Drive Global Propylene Glycol Ether Market

  • Propylene glycol ethers (PGEs) are widely used in printing inks, cleaning applications, and coatings. They are employed in protective coatings such as automotive and decorative coatings to provide enhanced gloss and image distinction.
  • Rapid growth in the paints & coatings industry and rise in infrastructure and industrial development, primarily in emerging economies, have augmented the demand for solvents of paints and coatings
  • Increase in awareness regarding harmful effects of high VOC content has boosted the demand for eco-friendly solvents. This, in turn, is anticipated to drive the demand for propylene glycol ethers, as they are organic compounds formed by the reaction of alcohols with propylene oxide. These ethers possess enhanced material properties such as better viscosity reduction due to heavy molecules of glycol ether.

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Rapid Growth of Electronics Industry to Fuel Propylene Glycol Ether Market

  • Propylene glycol ether is used in electronics applications, primarily for TFT-LCD manufacturing and semiconductors. It is employed in metal degreasing and specialized equipment cleansing process of electronics manufacturing.
  • Growth in demand for consumer electronic devices, such as mobile phones and televisions, in developing economies owing to the significant increase in buying capacity of end-users is anticipated to drive the demand for propylene glycol ether during the forecast period

Volatility in Prices of Raw Materials to Hamper Market

  • The propylene glycol ethers are manufactured by the reaction of propylene oxide with methyl alcohol or n-butyl alcohol. The propylene glycol ethers with variety of polymer lengths can be produced by the reaction. The propylene glycol ethers in variety of length can be produced by the reaction. The chain length is dependent on molar ratio of reactants, pressure used, and the temperatures.
  • Petroleum-derived products are the raw materials of propylene glycol ethers. Thus, their prices are dependent on global oil and gas prices. Volatility in prices of oil and gas is estimated to hamper the global propylene glycol ether market during the forecast period.

Europe is Dominant Region of Global Propylene Glycol Ether Market

  • Geographically, the global propylene glycol ether market can be split across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Europe is projected to be a key region of the global propylene glycol ether market due to the rise in demand for environment-friendly, bio-based products in various end-use industries
  • The VOC Solvents Emissions Directive is the policy instrument aimed at the reduction of industrial emissions of volatile organic compounds (VOCs) in the European Union (EU). The VOC solvents emission directive was issued in 1999.
  • The Decopaint directive, which was approved in 2004, has restricted the use of organic solvents in decorative paints and varnishes and vehicle refinishing products in the EU
  • Thus, implementation of these stringent environmental laws in the European Union is likely to propel the demand for low VOC content solvents in industrial and coatings applications. This is anticipated to positively impact the demand for propylene glycol ether in Europe considering its eco-friendly nature as solvent.
  • Presence of a well-established electronics industry in China, South Korea, Taiwan, and Japan and significant rise in demand for automotive and decorative paints & coatings in Asia Pacific are expected to fuel the propylene glycol ether market in the region.
  • Demand for propylene glycol ethers is rising in applications such as industrial, commercial, and household cleaners. Rise in demand for domestic and industrial cleaners, primarily in countries such as China, India, and Indonesia, and rapid industrial developments in these countries have augmented the demand for cleaners in Asia Pacific. This, in turn, is estimated to propel the demand for propylene glycol ether in the region.

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Key Players in Market

The propylene glycol ether market is fragmented due to the presence of large numbers of local and global players. Key players operating in the propylene glycol ether market include:

  • LyondellBasell Industries
  • Holdings N.V.
  • Royal Dutch Shell plc
  • Dow
  • Eastman Chemical Company
  • Chang Chan Group
  • Manali Petrochemicals Limited,
  • KH Neochem Co. Ltd.
  • Shiny Chemical Industrial Company Limited,
  • New Materials Co., Ltd.
  • Jiangsu Hualun Chemical Industry Co. Ltd.
  • Jiangsu Dynamic Chemical Co., Ltd.

Global Propylene Glycol Ether Market: Research Scope

Global Propylene Glycol Ether Market, by Product

  • Propylene Glycol Mono Methyl Ether (PM)
  • Dipropylene Glycol Mono Methyl Ether (DPM)
  • Tripropylene Glycol Mono Methyl Ether (TPM)

Global Propylene Glycol Ether Market, by Application

  • Food & Beverages
  • Packaging
  • Personal Care
  • Consumer Goods
  • Pharmaceuticals
  • Others (Textile, Construction, etc.) 

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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Propylene Glycol Ether Market

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