Global Diethylene Glycol Monomethyl Ether Market

Global Diethylene Glycol Monomethyl Ether Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 5.7% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.

The global Diethylene Glycol Monomethyl Ether Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Diethylene Glycol Monomethyl Ether Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Diethylene Glycol Monomethyl Ether Market Overview:

Diethylene Glycol Monomethyl Ether is derived from ethylene oxide and methanol. Methyl glycol or 2-hydroxy-2-methoxy-diethyl ether is the common name of Diethylene Glycol Monomethyl Ether. The commercial name of Diethylene Glycol Monomethyl Ether methyl carbitol. Diethylene Glycol Monomethyl Ether is greatly used as solvents in resins and pastes. Diethylene Glycol Monomethyl Ether is highly volatile and hence they are used in alcohol preparation.
Global Diethylene Glycol Monomethyl Ether Market Dynamics:

Diethylene Glycol Monomethyl Ether is used to make soaps, dyes, and other chemicals. Diethylene glycol monoethyl ether is a primary alcohol that is ethanol replaced by a 2-ethoxy ethoxy group at position 2. It has a role as an aprotic solvent. Diethylene Glycol Monomethyl Ether a diether, primary alcohol, and a hydroxypolyether. Diethylene Glycol Monomethyl Ether has better dilution properties.

Diethylene Glycol Monomethyl Ether was valued at USD 375.8 million in 2018 and is anticipated to grow at a CAGR of 5.7 % in the forecast period. The climbing demand for waterborne coatings in architectural and industrial sectors concerning their environment-friendly nature is likely to motivate the demand for Diethylene Glycol Monomethyl Ether (DEGEE) market.

The attraction toward coatings with low volatile organic compound (VOC) releases and non-hazardous nature from automotive, packaging, and construction industries has increased in past few years due to better advantageous properties. This factor has smoothed the application of waterborne coatings in various end-use industries. The above-mentioned factor is likely to assist the demand for Diethylene Glycol Monomethyl Ether (DEGEE) as a solvent in water-based coatings.
Global Diethylene Glycol Monomethyl Ether Market Segment Analysis:

By End-User, Coatings, Brake Fluids, Paints & Inks, Industrial Cleaners, Solvents, Chemical Intermediate, and Others. Paints and coating are dominating the end-user segment in the Diethylene Glycol Monomethyl Ether market. Paints, coatings, and inks are the dominating application for the Diethylene Glycol Monomethyl Ether market and the segment is estimated to reveal a growing CAGR of 5.8%, in terms of profits. This growth is ascribed to the biodegradable property of the Diethylene Glycol Monomethyl Ether (DEGEE)-based paints and coatings. They are highly miscible in water and do not carry contrary effects on human health as well as the environment, and this property is likely to fuel the demand for Diethylene

Solvents are the second dominating end-user segment of the Diethylene Glycol Monomethyl Ether market. Solvents are largely used in the manufacturing of industrial chemicals. And has more attention as a chemical intermediate owed to the better compatibility with other chemicals.

Global Diethylene Glycol Monomethyl Ether Market

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By Application Architecture & Construction, Chemical, Automotive, Personal Care, Pharmaceutical, and Other. The personal Care segment is dominating in the application segment of Diethylene Glycol Monomethyl Ether. They are also employed in skin treatment and formulation of topical creams and gel and are considered to be safe and 99.9% purity pharmaceutical-grade glycol ether is used in the pharmaceutical sector. Moreover, the gaining importance in various kinds of cosmetics preparation in the skin treatment is further boosting the market growth of Diethylene glycol Monomethyl ether market in the forecast period. Diethylene glycol monomethyl ether is widely used in antiperspirants, nail paint removers, hair dyes, antimicrobial soaps, and in the treatment of acne, marks, and scars due to its solubilizing property and efficacy is fueling the market growth of Diethylene Glycol Monomethyl Ether market in the forecast period. Likewise, the product is also used in sunscreens and BB creams to improve the properties of defensive components.

Global Diethylene Glycol Monomethyl Ether Market
Global Diethylene Glycol Monomethyl Ether Market Regional Insights:

Global Diethylene Glycol Monomethyl Ether Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa.

The Asia Pacific is dominating the Diethylene Glycol Monomethyl Ether market in the regional segment. The market share of Asia Pacific is leading since 2018 and is likely to grow at a CAGR of 5.8% concerning revenue in the forecast period. The growth is governed by the investment in residential and commercial construction in the region. India and China are leading and are anticipated to eyewitness substantial growth due to the rising inculcation of low Volatile Organic Compound (VOC) paint as these low VOC paints dry quickly and offer a durable finish, and provide good coverage.

The Middle East and Africa are likely to show a growth rate of 3.6% regarding revenue during the forecast period. Owed to the availability of crude oil reserves is appealing the global manufactures to invest in the region and establishes manufacturing units in the region.
Global Diethylene Glycol Monomethyl Ether Market Insights:

North America is dominating in terms of market share owing to the presence of major paints and coating manufactures in the region like Sherwin Williams co, PPG, Axalta Coating, and RPM international. These leading market players are investing more in the development of new eco-friendly products by the amalgamation of solvents and various ingredients. Additionally, the presence of leading key players is further boosting the demand for Diethylene Glycol Monomethyl Ether in the market in the forecast period.

Global Diethylene Glycol Monomethyl Ether Market

The objective of the report is to present a comprehensive analysis of the global Diethylene Glycol Monomethyl Ether Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Diethylene Glycol Monomethyl Ether Market dynamics, structure by analyzing the market segments and project the global Diethylene Glycol Monomethyl Ether Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Diethylene Glycol Monomethyl Ether Market make the report investor’s guide.
Global Diethylene Glycol Monomethyl Ether Market Scope: Inquire before buying

Global Diethylene Glycol Monomethyl Ether Market
Global Diethylene Glycol Monomethyl Ether Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Diethylene Glycol Monomethyl Ether Market Key Player

• Solventis
• Eastman Chemical Company
• Swastik Oil
• Hannong Chemicals Inc.
• Advance Petrochemicals Ltd
• LyondellBasell Industries Holdings B.V.
• Dow Chemical Company
• Monument Chemical
• Huntsman Corporation
• Clariant AG

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