Market Overview:
The global 2-methoxyethanol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for 2-methoxyethanol from various applications such as solvents, coatings, fuels, and others. In terms of type, 99.5% purity segment is expected to hold a major share in the global 2-methoxyethanol market during the forecast period owing to its superior quality and properties over other types of 2-methoxy ethanol available in the market.
Product Definition:
2-Methoxyethanol is an organic compound with the formula CH3OCH2CH2OH. It is a colorless liquid that is soluble in water. 2-Methoxyethanol is used as a solvent and as an intermediate in the manufacture of other chemicals.
99.5% Purity:
2-Methoxyethanol also known as 2-Methyl-1-phenylpropanol or 2MP is a chemical, which is used in the production of various chemicals such as resveratrol, triterpenoids and other natural products. It has applications in pharmaceuticals and nutraceuticals sector for manufacturing supplements.
Other:
Other is a generic name for all the chemical compounds, which are produced as a by-product during the manufacturing process of 2-Methoxyethanol. Other chemicals include Trioxane and trimethylene carbonate among others. These chemicals are generally used in their raw form to produce other chemicals or they can be further processed to manufacture pharmaceuticals, agrochemicals or personal care products.
Application Insights:
The 2-methoxyethanol market is segmented based on application into solvent, coating, fuels and others. The solvent application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to its extensive use as an industrial chemical that has no substitute in terms of performance or properties. It is also used as a cleaning agent for various equipment at manufacturing plants which are expected to drive demand over the coming years.
Coating was one of the fastest growing segments with a CAGR of XX% from 2018 to 2030 owing to increasing demand for automotive & industrial coatings across end-use industries globally.
Regional Analysis:
Asia Pacific was the largest market for 2-Methoxyethanol, accounting for a share of over 45% in 2017. The region is expected to witness significant growth in terms of consumption due to rapid industrialization and increasing demand from end-use industries such as paints & coatings, adhesives & sealants, polymers and fuels. China emerged as the major consumer owing to its large manufacturing base along with growing domestic demand.
The presence of numerous manufacturers coupled with low production costs has led many foreign companies such as Coventya Corporation Limited; Eastman Chemical Co.; Olin Corp.; Shell Chemicals Netherlands BV; Sibur Holding BV; Stepan Company LLC among others to shift their production bases in this region which is further expected to drive product consumption over the forecast period.
North America accounted for a volume share of 19% in 2017 on account rising environmental concerns have compelled consumers across U.S.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and printing inks
- Rising awareness about the benefits of 2-methoxyethanol over other solvents
- Growing investments by key players in R&D to develop new applications for 2-methoxyethanol
- Expansion of production capacities by major manufacturers to meet the rising demand for 2-methoxyethanol globally
- Emerging economies offering lucrative growth opportunities for the 2-methoxyethanol market
Scope Of The Report
Report Attributes
Report Details
Report Title
2-Methoxyethanol Market Research Report
By Type
99.5% Purity, Other
By Application
Solvent, Coating, Fuels, Other
By Companies
Daelim, Jiangsu Dynamic Chemical, Daelim
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global 2-Methoxyethanol Market Report Segments:
The global 2-Methoxyethanol market is segmented on the basis of:
Types
99.5% Purity, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Solvent, Coating, Fuels, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daelim
- Jiangsu Dynamic Chemical
- Daelim
Highlights of The 2-Methoxyethanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 99.5% Purity
- Other
- By Application:
- Solvent
- Coating
- Fuels
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 2-Methoxyethanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
2-Methoxyethanol is a chemical compound with the molecular formula C2H4O2. It is a colorless, flammable liquid that has been used as an industrial solvent and as a component in some types of plastics.
Some of the key players operating in the 2-methoxyethanol market are Daelim, Jiangsu Dynamic Chemical, Daelim.
The 2-methoxyethanol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2-Methoxyethanol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 2-Methoxyethanol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 2-Methoxyethanol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 2-Methoxyethanol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 2-Methoxyethanol Market Size & Forecast, 2018-2028
4.5.1 2-Methoxyethanol Market Size and Y-o-Y Growth
4.5.2 2-Methoxyethanol Market Absolute $ Opportunity
Chapter 5 Global 2-Methoxyethanol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 2-Methoxyethanol Market Size Forecast by Type
5.2.1 99.5% Purity
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 2-Methoxyethanol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 2-Methoxyethanol Market Size Forecast by Applications
6.2.1 Solvent
6.2.2 Coating
6.2.3 Fuels
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2-Methoxyethanol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 2-Methoxyethanol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 2-Methoxyethanol Analysis and Forecast
9.1 Introduction
9.2 North America 2-Methoxyethanol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 2-Methoxyethanol Market Size Forecast by Type
9.6.1 99.5% Purity
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 2-Methoxyethanol Market Size Forecast by Applications
9.10.1 Solvent
9.10.2 Coating
9.10.3 Fuels
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 2-Methoxyethanol Analysis and Forecast
10.1 Introduction
10.2 Europe 2-Methoxyethanol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 2-Methoxyethanol Market Size Forecast by Type
10.6.1 99.5% Purity
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 2-Methoxyethanol Market Size Forecast by Applications
10.10.1 Solvent
10.10.2 Coating
10.10.3 Fuels
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 2-Methoxyethanol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 2-Methoxyethanol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 2-Methoxyethanol Market Size Forecast by Type
11.6.1 99.5% Purity
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 2-Methoxyethanol Market Size Forecast by Applications
11.10.1 Solvent
11.10.2 Coating
11.10.3 Fuels
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 2-Methoxyethanol Analysis and Forecast
12.1 Introduction
12.2 Latin America 2-Methoxyethanol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 2-Methoxyethanol Market Size Forecast by Type
12.6.1 99.5% Purity
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 2-Methoxyethanol Market Size Forecast by Applications
12.10.1 Solvent
12.10.2 Coating
12.10.3 Fuels
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 2-Methoxyethanol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 2-Methoxyethanol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 2-Methoxyethanol Market Size Forecast by Type
13.6.1 99.5% Purity
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 2-Methoxyethanol Market Size Forecast by Applications
13.10.1 Solvent
13.10.2 Coating
13.10.3 Fuels
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 2-Methoxyethanol Market: Competitive Dashboard
14.2 Global 2-Methoxyethanol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daelim
14.3.2 Jiangsu Dynamic Chemical
14.3.3 Daelim
