The global demand for Diethylene glycol monoethyl ether Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of 6.3% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Diethylene glycol monomethyl ether is made from ethylene oxide and methanol. It is also known chemically as methyl diglycol or 2-hydroxy-2-methoxy-diethyl ether. It is known commercially as methyl carbitol. Diethylene glycol monomethyl ether is a solvent that works well in a variety of resins and pastes. Because it is a non-volatile solvent, it is only utilized in particular lacquer compositions. It is primarily used in nitrocellulose lacquers to improve the properties of the lacquers. It is quickly stabilized by using modest amounts of chemicals like 2, 6-ditert-butyl-4-methylphenol (0.005 per cent). The diluting capability of diethylene glycol monomethyl ether is excellent. It's known as FSII (fuel system icing inhibitor) in the aviation business, although it's also known as an anti-icing or dicing agent. It's also used in the printing ink industry for the manufacturing of ballpoint pen ink. Architectural coatings, braking fluids, graphic arts, institutional cleansers, process solvents, protective coatings, textile, wood coatings and personal care are other applications for diethylene glycol monomethyl ether.
Market Dynamics
The growing demand for diethylene glycol monoethyl ether in the production of water-based coatings is a significant element fuelling the market growth for DEGEE. The paints and coatings sector's increased demand for diethylene glycol monomethyl ether and its widespread application in the petrochemicals industry is pushing forward the diethylene glycol monomethyl ether market. As a result, manufacturers are ramping up the manufacturing of diethylene glycol monomethyl ether. Additionally, rising urbanization, technical developments, and an increase in passenger vehicle sales have resulted in more diethylene glycol monoethyl ether usage. Furthermore, the near-term availability of raw materials is expected to raise demand for diethylene glycol monomethyl ether. Additionally, the substance is increasingly being used to formulate various cleaning agents for industrial, residential, and institutional cleaning, thereby driving the market growth. However, raw material price instability is expected to hamper the market.
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 monoethyl ether. The growth and trends of diethylene glycol monoethyl ether industry provide a holistic approach to this study.
Market Segmentation
This section of the diethylene glycol monoethyl ether 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
- Chemical Intermediate
- Floor Polish
- Pharmaceutical & Personal Care
- Other Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Diethylene Glycol Monoethyl Ether 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 Monoethyl Ether 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 monoethyl ether market include PPG, Sherwin Williams Co., RPM International Inc., and Axalta Coating Systems. 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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