Propylene Glycol Ethers Market to Boom in Near Future by 2027 Industry Key Players: BASF SE, Manali Petrochemicals Limited, LCY Chemical Corp., etc.

Propylene glycolic ether is a volatile, colorless, water-soluble chemical used in the commercial and industrial sector. It is prepared by the formulation of alcohol and propylene oxide. It is used as a direct solvent in many chemical processing, paints, synthetic resins, inks, rubbers adhesives, and varnishes. It is used in industries as anti-freezing agents, sanitation and cleaning products, and preservatives. It is also used as a laminating and coating agent as a chemical compound in the electronics and automotive industries and for the manufacturing of LCD screens. This market is expected to witness the growth rate of 5.6%, exceeding USD 6.34 Billion in terms of revenue by 2027.

Key participants include The Dow Chemical Company, Royal Dutch Shell PLC, Eastman Chemical Company, BASF SE, Manali Petrochemicals Limited, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical.

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Market Drivers

Market expansion of this chemical is mainly because of its high demand for industrial application. The continuous demand for paints and coatings, inks, dyes, anti freezers, toners, and coolants are projected to expand the demand during the forecast period. The surging demand for consumer electronic products is positively impacting the growth of the market considerably. The growth in automotive sector is another driver of the market expansion as the product is widely used as a coolant in combustion engines.

For the purpose of this report, Reports and Data have segmented the global Propylene Glycol Ethers market on the basis of the end-use, sales channel, applications, and region:

End-Use Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027)
• Direct Solvent
• Chemical Intermediate
• Coalescing Agent
• Pesticides
• Chemical Reagents
• Others

Sales Channel Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027)
• Online Retailing
• Offline Retailing

Applications Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027)
• Industrial Use
• Paints and Coatings
• Electronics Industry
• Automotive Use
• Others

Regional Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

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Regional Analysis

The regional share of the market is distributed amongst North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific held the largest share of nearly 37.3% in 2019 and is expected to witness the fastest growth of 6.4% during the forecast period due to high product demand for paints & coatings and electronics applications in the region.

Prominent Questions Answered in the Report:
• Who are the leading participants of the Global Propylene Glycol Ethers Market?
• What are the growth driving and restraining factors of the Propylene Glycol Ethers market?
• What strategic mergers, acquisitions, joint ventures, or collaborations has the industry witnessed?
• Which region is expected to dominate in the coming years?
• What are the opportunities and threats faced by the key competitors and vendors?
• What is the expected market size of the Propylene Glycol Ethers market in 2027?
• What are the latest technological developments and product advancements observed in the market?

Key takeaways from the Propylene Glycol Ethers report:
• COVID-19 impact assessment on the growth of the Propylene Glycol Ethers market
• Strategic market plays and plans formulated by the key competitors
• Pricing, product profiles, and marketing strategies of the key market players
• Country-wise and region wise assessment of the Propylene Glycol Ethers market
• Growth rate estimation of each market segment for the forecast timeframe

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