The global demand for Diethylene Glycol Monobutyl Ether Acetate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX KiloTon in 2021 and forecast to touch XX KiloTon by 2028 with a CAGR of XX% during 2022-2028.
Diethylene glycol monobutyl ether acetate (DEGBE) is a colorless and low odor high boiling glycol ether ester. It is produced by the reaction of ethylene oxide and n-butanol with an alkali catalyst. It is primarily used as a solvent for paints and varnishes in the chemical industry, household detergents, brewing chemicals, and textile processing. It is also used in printing inks, high-bake enamels, as a coalescing aid in low pH latex paints, as a retarder solvent in coil coatings, and as a selective solvent in the separation of alcohols and ketones by distillation. Diethylene glycol monobutyl ether acetate is an efficient coalescent with excellent solvent activity, high blush resistance, high electrical resistance, and is readily biodegradable.
Market Dynamics
Rising demand for effective solvent from industries including chemical, paints & varnishes, detergents, brewing, and textile is steering demand for diethylene glycol monobutyl ether acetate. Expanding population, booming automotive & construction industry, and flourishing brewing and textile are responsible for increased demand for diethylene glycol monobutyl ether acetate. Diethylene glycol monobutyl ether acetate (DEGBE) is recognized as an excellent solvent with effective solvent activity, high blush resistance, and high electrical resistance. High performance and increasing recognition of diethylene glycol monobutyl ether acetate and emerging important role in addressing several issues concerned with co2 solubility and stability further fuels market growth. However, unstable raw material costs and the availability of other superior solvents hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of diethylene glycol monobutyl ether acetate. The growth and trends of diethylene glycol monobutyl ether acetate industry provide a holistic approach to this study.
Market Segmentation
This section of the diethylene glycol monobutyl ether acetate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Paints, Coatings & Inks
- Cleaning Agents
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Diethylene Glycol Monobutyl Ether Acetate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Diethylene Glycol Monobutyl Ether Acetate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the diethylene glycol monobutyl ether acetate market include Eastman Chemical Company, Dow, Tokyo Chemical Industry Co., Ltd., Solventis, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Jiangsu Dynamic Chemical Co., Ltd., Tedia Solvents, Shinko Organic Chemical Industry Ltd.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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