Diethylene Glycol Monomethyl Ether Market - Global Industry Analysis and Forecast 2026
Added: (Mon Jan 14 2019)
Pressbox (Press Release) -
According to a new report published by Transparency Market Research, the global diethylene glycol monomethyl ether market will record staggering growth during 2018-2026 owing to the rising demand from paints & coatings industry as well as its extensive use in the petrochemicals industry. Moreover, the easy availability of raw materials is further expected to fuel the demand for diethylene glycol monomethyl ether during the forecast period.
In terms of regional perspective, the global diethylene glycol monomethyl ether market is segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Out of these, Asia Pacific is projected to hold a significant share of the global market during the forecast period.
The market in the Asia Pacific is expected to expand at a substantial pace from 2018 to 2026, owing to the increasing demand for diethylene glycol monomethyl ether from the textile industry in the region. Middle East & Africa is estimated to be an attractive market for diethylene glycol monomethyl ether during the forecast period, due to rise in the demand for the chemical from the paints & coatings industry in the region.
In terms of applications, the diethylene glycol monomethyl ether market is segmented into de-icing additives, coupling agents, solvents, deactivators & stabilizers, and others. Among these, the solvents segment holds a significant share of the market, due to heavy use of diethylene glycol monomethyl ether as a solvent in numerous applications in developing economies such as China and India.
Prominent players operating in the global diethylene glycol monomethyl ether market are included in this report to give a better competitive landscape and these are BASF SE, The Dow Chemical Company, Advance Petrochemicals Ltd., Solvay SA, and FBC Chemical Corp.
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