세계의 글리콜 에테르 시장 : 시장 규모(2025-2034년)

Glycol Ethers-

Glycol ethers are a group of solvents derived from ethylene glycol or propylene glycol, known for their excellent balance between solubility, volatility, and compatibility with both water and organic compounds. They are primarily categorized into E-series (ethylene-based) and P-series (propylene-based) glycol ethers. These compounds are valued for their use in formulations that demand high solvency power and low toxicity, such as water-based paints and surface cleaners. Over the years, the market has experienced significant growth, driven by industrial expansion, increasing demand for eco-friendly solvents, and the rising popularity of waterborne coatings that utilize glycol ethers as key ingredients. The move towards sustainable and low-emission chemical products further supports the adoption of glycol ethers globally.

Demand by Segments

The glycol ethers market is segmented by type into E-series and P-series, each catering to specific industrial needs. The E-series segment includes methyl, ethyl, and butyl glycol ethers, which are typically produced from ethylene oxide. These are primarily used as solvents in coatings, cleaners, and inks because of their strong solvency and fast evaporation characteristics. However, concerns regarding toxicity and environmental impact have gradually led to a shift towards P-series glycol ethers, which are based on propylene oxide and are considered safer and more environmentally friendly. Within the P-series, compounds such as propylene glycol monomethyl ether (PM), dipropylene glycol monomethyl ether (DPM), and tripropylene glycol monomethyl ether (TPM) are widely used in paints, coatings, and industrial cleaners due to their lower volatility and reduced health hazards.

From an application perspective, solvents represent the largest demand segment for glycol ethers. They are extensively used in paints, coatings, and cleaning formulations due to their ability to dissolve a variety of substances and improve application performance. The anti-icing agent segment is another key application, particularly in aviation and automotive industries, where glycol ethers help prevent ice formation on windshields, aircraft surfaces, and fuel systems. The hydraulic and brake fluid segment also consumes significant volumes of glycol ethers because of their lubricating and stability properties under varying temperature conditions.

Regional Demand Analysis

Regionally, the Asia Pacific region dominates the global glycol ethers market, accounting for the largest share of both production and consumption. This dominance is primarily driven by the expanding paints and coatings, electronics, and construction industries in countries like China, India, Japan, and South Korea. Rapid urbanization and growing manufacturing output have spurred demand for glycol ether-based solvents in these markets.

Key Manufacturers

The global glycol ethers market is highly competitive, with key players focusing on technological innovation, product diversification, and sustainability to strengthen their market position. Major companies include BASF, Dow, Shell, INEOS Oxide, LyondellBasell, KH Neochem, and Lotte Chemical, among others.

BASF remains one of the leading global producers, offering a broad portfolio of glycol ethers for applications in coatings, cleaners, and inks. Dow is another key participant, with a strong emphasis on performance-based formulations for the paints, coatings, and industrial cleaning industries. Shell and INEOS Oxide are prominent suppliers known for their large-scale production capacities and integrated operations in the petrochemical value chain. LyondellBasell plays a significant role, leveraging its advanced technology and global reach to cater to growing demand across regions.

Asian manufacturers like KH Neochem and Lotte Chemical have expanded their footprints through technological advancements and cost-efficient production processes. Their focus on P-series glycol ethers aligns with global trends toward safer and sustainable chemical products..

Market Driver

One of the major factors driving the global glycol ethers market is the growing demand for eco-friendly and low-toxicity solvents. The increasing preference for waterborne paints and coatings, which rely heavily on glycol ethers for improved application and drying performance, is significantly boosting demand. These solvents play a crucial role in reducing volatile organic compound (VOC) emissions, helping industries comply with environmental regulations and sustainability targets. Furthermore, the rising global focus on industrial and household cleaning applications is fueling consumption, as glycol ethers are used in numerous formulations for surface cleaners, degreasers, and disinfectants due to their effective solvency and biodegradability.

The expansion of the automotive and construction industries has also supported market growth. In automotive applications, glycol ethers are used in hydraulic and brake fluids as well as anti-icing agents, contributing to enhanced performance and reliability. The construction sector, driven by increasing infrastructure projects and residential development, continues to boost the demand for paints and coatings that incorporate glycol ethers as key solvents.

Market Restraint

Despite strong growth prospects, the glycol ethers market faces certain challenges that could limit its expansion in the short to medium term. One of the primary restraints is the regulatory pressure on E-series glycol ethers, which are associated with higher toxicity and environmental risks compared to P-series alternatives. Stricter environmental standards, particularly in Europe and North America, have led to phased reductions in the use of certain E-series compounds, compelling manufacturers to adjust production lines and reformulate products. This transition often increases costs and affects supply stability.

Another major challenge is the fluctuation in raw material prices, particularly those related to ethylene and propylene feedstocks. Price volatility in the petrochemical sector can influence production costs, affecting overall profitability and pricing structures across the value chain.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Types
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance and COVID-19 Impact

• Paints & Coatings
• Cosmetics & Personal Care
• Pharmaceuticals
• Others

5. Introduction to Glycol Ethers and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Glycol Ethers Demand Analysis, By Types, By Applications (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018-2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Glycol Ethers Market, By Types
• E-series
  • Methyl glycol ethers
  • Ethyl glycol ethers
  • Butyl glycol ethers
• Others
• P-series
  • Propylene glycol monomethyl ether (PM)
  • Dipropylene glycol monomethyl ether (DPM)
  • Tripropylene glycol monomethyl ether (TPM)
  • Others
• Global Glycol Ethers Market, By Applications
• Solvent
• Anti-Icing Agent
• Hydraulic and Brake Fluid
• Chemical Intermediate
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018-2034)
• Demand
• Demand Growth Rate (%)
• Glycol Ethers Market, By Types
• Glycol Ethers Market, By Applications

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by types and applications have been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Brazil
• Argentina
• Rest of Central & South America
• Middle East & Africa
• GCC
• South Africa
• Iran
• Rest of Middle East & Africa

Note: CAGR will be calculated for all types and applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Glycol Ethers Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Recent Developments
  • Companies Covered -
• BASF
• Dow
• Shell
• INEOS Oxide
• LyondellBasell
• KH Neochem
• Lotte Chemical
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries